mumbai

Brexit would cause big problems for German banks: German financial watchdog

A British vote to leave the European Union would hit large German banks, given their heavy exposure to London, the head of German financial watchdog Bafin said in an interview with German newspaper Tagesspiegel. Bafin President Felix Hufeld told the newspaper in an article to be published on Monday that he hoped Britons would vote to remain in the European Union. “They have the most activities

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Brexit would cause big problems for German banks: German financial watchdog

mumbai

Coming wave of gas puts focus on finding new shores

By Ron Bousso and Oleg Vukmanovic LONDON (Reuters) – Energy giants such as Royal Dutch Shell and Total are looking to build terminals and power plants in new markets to soak up the industry's rapidly burgeoning supply. Companies have invested billions in plants to produce liquefied natural gas (LNG) in places such as Australia and the United States. “We are ready to go downstream as much as it takes to unlock gas demand,

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Coming wave of gas puts focus on finding new shores

mumbai

Exiled tycoon Mallya: India wrong to sequester some assets in graft case

Exiled tycoon Vijay Mallya said on Sunday that Indian authorities trying to recover about $1.4 billion from his collapsed Kingfisher Airlines had no legal grounds for sequestering certain assets in a money laundering case. The Enforcement Directorate (ED) tweeted on Saturday that it had “attached” properties worth 14.11 billion Indian rupees ($210.78 million) in the case involving a loan from state-owned IDBI Bank

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Exiled tycoon Mallya: India wrong to sequester some assets in graft case

mumbai

India’s Mallya says willing to reach ‘reasonable’ debt settlement: FT

Mallya, 60, flew first class from Delhi to London on March 2 at a time when the Indian government and mainly state-controlled banks are trying to recover $1.4 billion owed by his collapsed Kingfisher Airlines

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India’s Mallya says willing to reach ‘reasonable’ debt settlement: FT

mumbai

Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times

(Reuters) – British luxury carmaker Jaguar Land Rover (JLR) has launched a secret project to cut costs of 4.5 billion pounds ($6.8 billion) and build 1 million cars per year by the end of the decade, the Sunday

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Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times