BENGALURU (Reuters) – Adani Ports and Special Economic Zone (APSEZ) (APSE.NS) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion). The deal will take its domestic market share to 27% from 22% on a pan-India basis, the company said […]

BERLIN (Reuters) – German employment reached a record high in 2019 as higher labor-market participation and increased immigration of foreign workers more than offset demographic change, the statistics office said on Thursday. The number of people with jobs rose by 402,000, or 0.9%, to 45.3 million despite weaker economic growth last year, the office said. […]

(Reuters) – Ride-hailing company Uber Technologies Inc and courier services provider Postmates Inc asked a U.S. court to block a California labor law set to go into effect on Wednesday, arguing the bill violates the U.S. Constitution. In a lawsuit filed in Los Angeles federal court on Monday, the companies and two app-based drivers said […]

BEIRUT (Reuters) – Nissan ex-boss Carlos Ghosn entered Lebanon legally and will not face any legal consequences, Lebanon’s General Directorate of General Security said on Tuesday, according to the state news agency NNA. Ghosn arrived in Beirut on Monday after slipping out of Japan months before a high-profile trial for financial misconduct, which he said […]

WASHINGTON (Reuters) – Any companies that rush to finish building a Russian natural gas export pipeline to Germany that came under U.S. sanctions this month risk being penalized, senior U.S. officials said on Sunday. President Donald Trump signed a bill late this month imposing sanctions on the Nord Stream 2 gas pipeline project led by […]

MEXICO CITY (Reuters) – The United States is looking at ways to cooperate with Mexico on customs along their border to curb flows of illicit arms, drugs and money, the U.S. ambassador to Mexico said on Friday. Speaking after what he called a fruitful meeting with Mexico’s finance ministry, Ambassador Christopher Landau said that U.S. […]

(Reuters) – TOMS Shoes LLC’s creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt, according to a company letter sent to employees on Friday and people familiar with the matter. Credit ratings agencies had warned that TOMS, which is known for its charitable giving, would not have been […]

SHANGHAI (Reuters) – A Chinese court has lifted restrictions on the only son of Chinese billionaire Wang Jianlin, the chairman of private conglomerate Dalian Wanda, who hit headlines last month after reports that he owed at least $20 million to creditors. Wang Sicong, a well-known name in China thanks to his high-profile social media displays […]

BEIJING (Reuters) – The former chairman of China’s troubled Hengfeng Bank was sentenced to death with a two-year reprieve, a local court said on Thursday. Jiang Xiyun was convicted of corruption, receiving bribes, illegally issuing financial notes, and illegally destroying accounting vouchers and accounting books, according to the Yantai Intermediate People’s Court. The court verdict […]

Saudi ARAMCO said on Wednesday a new agreement between Saudi Arabia and Kuwait paves the way for the resumption of oil production in the Neutral (partitioned) Zone shared by the two countries.