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An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore

India's Infosys says seeing client-specific softness after Brexit

Reuters - NEW DELHI (Reuters) - Indian IT services provider Infosys Ltd is seeing some 'softness' in clients after Britain voted in June to leave the European Union, a top company executive said during an ana…

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  • An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore
    India's Infosys says seeing client-specific softness after Brexit Reuters

    NEW DELHI (Reuters) - Indian IT services provider Infosys Ltd is seeing some 'softness' in clients after Britain voted in June to leave the European Union, a top company executive said during …

    An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore

    NEW DELHI (Reuters) - Indian IT services provider Infosys Ltd is seeing some 'softness' in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday. Infosys will be in a better position by October to evaluate the impact of this on its earnings …

  • CITIC Bank president says CTBC deal cancellation due to commercial reasons Reuters

    BEIJING (Reuters) - The cancellation of investment deals between China CITIC Bank Corp Ltd and Taiwan's CTBC Financial Holdings was mainly due to financial regulation and commercial reasons and …

    File photo of man standing in front of CITIC bank's branch in Beijing

    BEIJING (Reuters) - The cancellation of investment deals between China CITIC Bank Corp Ltd and Taiwan's CTBC Financial Holdings was mainly due to financial regulation and commercial reasons and had nothing to do with politics, the president of the mainland bank said on Friday. Neither side could find an agreement …

  • Economists see ride-hailing industry as ripe for competition Reuters

    By Heather Somerville SAN FRANCISCO (Reuters) - Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's [UBER.UL] China operations marked the biggest move yet toward consolidation in …

    A driver leaves the office of taxi-hailing service Uber Inc during a driver recruitment event in Hong Kong

    By Heather Somerville SAN FRANCISCO (Reuters) - Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's [UBER.UL] China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game. On the day the Didi deal was …

  • China, U.S. still in talks on trade pact despite challenges: Chinese commerce official Reuters

    BEIJING (Reuters) - China and the United States are still in frequent discussion about a bilateral trade pact, despite a challenging global trade environment, a Chinese commerce official said on Thursday. …

    A shipping container is unloaded at a port area in Lianyungang

    BEIJING (Reuters) - China and the United States are still in frequent discussion about a bilateral trade pact, despite a challenging global trade environment, a Chinese commerce official said on Thursday. China is keen to maintain open markets for its goods as its economy grows at its slowest pace in 25 years, but it faces …

  • Toshiba: Japan trunk bank sues it for $120 million over accounting scandal Reuters

    TOKYO (Reuters) - Toshiba Corp said on Friday a Japanese trust bank was suing it for 12 billion yen ($119 million) for losses stemming from the company's $1.3 billion accounting scandal last year. …

    A man walks past Toshiba Corp logo displayed on one of its television sets in Tokyo, Japan

    TOKYO (Reuters) - Toshiba Corp said on Friday a Japanese trust bank was suing it for 12 billion yen ($119 million) for losses stemming from the company's $1.3 billion accounting scandal last year. Japan Trustee Services Bank had filed the suit with the Tokyo District Court on Aug. 9, the technology and industrial conglomerate …

  • Oil prices dip as Saudi Arabia dampens prospects of output freeze Reuters

    By Henning Gloystein SINGAPORE (Reuters) - Oil prices dipped in early trading on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next …

    A fuel pump assistant stands next to an old fuel pump during the early hours near the village of Salwa at the Qatari-Saudi border, south of the eastern provience of Khobar

    By Henning Gloystein SINGAPORE (Reuters) - Oil prices dipped in early trading on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month. International benchmark Brent crude oil prices were trading at $49.55 per barrel at 2114 ET, down 12 cents from …

  • China urges Japan to be 'constructive' at G20 summit Reuters

    Japan should play a "constructive" role at the upcoming G20 summit in the Chinese city of Hangzhou because cooperation is in the interests of all parties, China's top diplomat told a visiting Japanese …

    A man rides an electronic bike past a billboard for the upcoming G20 summit in Hangzhou

    Japan should play a "constructive" role at the upcoming G20 summit in the Chinese city of Hangzhou because cooperation is in the interests of all parties, China's top diplomat told a visiting Japanese envoy. Ties between Asia's two largest economies have long been overshadowed by arguments over their painful wartime history …

  • Global markets subdued ahead of Yellen speech, healthcare stocks dip Reuters

    Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, but she may struggle to convince financial markets she can steer a divided U.S. central bank to raise interest rates at least …

    Traders work on the floor of the New York Stock Exchange (NYSE) in New York City

    Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, but she may struggle to convince financial markets she can steer a divided U.S. central bank to raise interest rates at least once in 2016 after it started the year with four hikes on its radar. "We still have got this disconnect between markets …

  • No specific action on OPEC freeze discussed yet: Saudi energy minister Reuters

    By Nichola Groom LOS ANGELES (Reuters) - Saudi Arabian Energy Minister Khalid Al-Falih does not believe it is necessary for any "significant intervention" in oil markets at this time, he told Reuters …

    Gas flame is seen in the desert near the Khurais oilfield

    By Nichola Groom LOS ANGELES (Reuters) - Saudi Arabian Energy Minister Khalid Al-Falih does not believe it is necessary for any "significant intervention" in oil markets at this time, he told Reuters following a speech on Thursday.

  • Exchanges call for regulatory clarity over blockchain use Reuters

    A lack of clarity over regulation is holding back the development of blockchain technology for cutting the cost of share trading, the world's trade body for exchanges said on Thursday. The World Federation …

    Styrofoam bull figurines are pictured at the Frankfurt's stock exchange

    A lack of clarity over regulation is holding back the development of blockchain technology for cutting the cost of share trading, the world's trade body for exchanges said on Thursday. The World Federation of Exchanges (WFE) asked its members about their plans to use blockchain, a tamper-proof shared ledger that can automatically …

  • Deutsche Boerse, LSE submit merger to EU regulators for approval Reuters

    Deutsche Boerse and the London Stock Exchange Group have submitted their $29 billion merger deal to European Union competition regulators ahead of a Sept. 28 deadline for a preliminary review. The European …

    The plaque of the Deutsche Boerse AG is pictured at the entrance of the Frankfurt stock exchange

    Deutsche Boerse and the London Stock Exchange Group have submitted their $29 billion merger deal to European Union competition regulators ahead of a Sept. 28 deadline for a preliminary review. The European Commission's antitrust department, whose approval is needed for the deal to proceed, has set a provisional deadline …

  • Majority of analysts see BOJ easing in September, changing price goal wording Reuters

    By Kaori Kaneko and Sumanta Dey TOKYO/BENGALURU (Reuters) - A majority of economists expects the Bank of Japan will ease policy further next month, a Reuters poll found, while many respondents suspect …

    Businessman walks past the Bank of Japan (BOJ) building in Tokyo

    By Kaori Kaneko and Sumanta Dey TOKYO/BENGALURU (Reuters) - A majority of economists expects the Bank of Japan will ease policy further next month, a Reuters poll found, while many respondents suspect a change in its inflation target terminology is likely. Faced with stubbornly low inflation and new fiscal spending by …

  • Chinese telecom firm ZTE books 9.3 percent rise in first half profit on 4G growth Reuters

    Chinese telecom equipment maker ZTE Corp on Thursday booked a 9.3 percent rise in first-half net profit as China's adoption of fourth-generation (4G) mobile technology offset the impact of restrictions …

    The company name of ZTE is seen outside the ZTE R&D building in Shenzhen

    Chinese telecom equipment maker ZTE Corp on Thursday booked a 9.3 percent rise in first-half net profit as China's adoption of fourth-generation (4G) mobile technology offset the impact of restrictions on its U.S. operations. Profit reached 1.8 billion yuan ($270 million) in January-June, the firm said in a filing at the …

  • Brussels rebuffs U.S. attack on EU tax investigations Reuters

    By Julia Fioretti BRUSSELS (Reuters) - The European Commission rebuffed an attack by the U.S. Treasury on its investigations into alleged sweetheart tax deals between companies such as Apple and McDonald's …

    A sign for the U.S. fast food restaurant chain McDonald's is seen outside one of their restaurants in Sint-Pieters-Leeuw, near Brussels

    By Julia Fioretti BRUSSELS (Reuters) - The European Commission rebuffed an attack by the U.S. Treasury on its investigations into alleged sweetheart tax deals between companies such as Apple and McDonald's and European governments, saying there was no anti-U.S. bias. The U.S. Treasury Department published a white paper …

  • Maybank second quarter profit slides, says closely monitoring oil sector loans Reuters

    By Liz Lee KUALA LUMPUR (Reuters) - Malaysia's biggest lender Malayan Banking Bhd (Maybank) said on Thursday it is keeping a close watch on loans made to the oil and gas sector, after posting a 27 percent …

    Customers leave a branch of Malaysia's Maybank in Putrajaya

    By Liz Lee KUALA LUMPUR (Reuters) - Malaysia's biggest lender Malayan Banking Bhd (Maybank) said on Thursday it is keeping a close watch on loans made to the oil and gas sector, after posting a 27 percent drop in quarterly net profit as allowances for loan impairment losses tripled. Slowing loan growth in Malaysia and …

  • Taiwan tightening anti-money laundering law after New York regulator fine Reuters

    Taiwan’s cabinet said on Thursday it will tighten some of the island's anti-money laundering regulations to conform more closely to international standards. The move comes after New York's state financial …

    A sign of Mega Financial Holding Co is seen outside its headquarters in Taipei

    Taiwan’s cabinet said on Thursday it will tighten some of the island's anti-money laundering regulations to conform more closely to international standards. The move comes after New York's state financial regulator fined state-run Mega Financial’s <2886.TW> banking unit $180 million for violations of anti-money laundering …

  • Japanese seek bargains as economy limps, Abenomics loses shine Reuters

    By Leika Kihara TOKYO (Reuters) - Three years of so-called "Abenomics", Japanese Prime Minister Shinzo Abe's bold stimulus program, has failed to dislodge a deflationary mindset among businesses and consumers. …

    People are reflected in mirrors at an entrance to a department store in Tokyo

    By Leika Kihara TOKYO (Reuters) - Three years of so-called "Abenomics", Japanese Prime Minister Shinzo Abe's bold stimulus program, has failed to dislodge a deflationary mindset among businesses and consumers. As the world's third-largest economy falters again - with a stronger yen gnawing at overseas profits and domestic …

  • Indonesian stocks dally at record peak as investors fear tipping point Reuters

    By Fransiska Nangoy JAKARTA (Reuters) - Indonesian stocks are on a roll - with 18 percent gains this year and a boost from President Joko Widodo's economic reforms - and yet, investors worry about buying …

    An employee walks in front of an electronic board at the Indonesia Stock Exchange in Jakarta

    By Fransiska Nangoy JAKARTA (Reuters) - Indonesian stocks are on a roll - with 18 percent gains this year and a boost from President Joko Widodo's economic reforms - and yet, investors worry about buying more of a market hitting historic peaks. The Jakarta Composite Index <.JKSE> is Asia's second-best performer in dollar …

  • Wall Street stocks retreat, oil tumbles on oversupply concerns Reuters

    By Hilary Russ NEW YORK (Reuters) - Wall Street stocks retreated on Wednesday led by health care and materials stocks, while oil prices tumbled about 3.0 percent on worries about oversupply. Mylan slumped …

    Traders work at their desks in front of the German share price index DAX board in Frankfurt

    By Hilary Russ NEW YORK (Reuters) - Wall Street stocks retreated on Wednesday led by health care and materials stocks, while oil prices tumbled about 3.0 percent on worries about oversupply. Mylan slumped 5.4-percent to $43.15 after U.S. presidential candidate Hillary Clinton joined a Senate committee in asking why the …

  • U.S. banking regulators focused on cyber security after SWIFT attacks Reuters

    U.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known …

    Photo illustration of the Swift bank logo

    U.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT. In a letter responding to questions from Representative Carolyn Maloney, a Democrat from New York, the regulators …