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(Reuters) - InterGlobe Aviation Ltd, owner of India’s biggest airline by market share IndiGo, said its third-quarter profit slumped 75 percent, dragged down by higher crude prices and intense competition. Its net profit was 1.91 billion rupees ($26.79 million) in the three months ended Dec. 31, compared with 7.62 billion rupees a year earlier, the company said. Indian airlines had a...
BEIJING (Reuters) - China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. Mounting pressure on the world’s second-biggest economy pushed growth last year to its lowest since 1990 even as Beijing stepped up stimulus measures and spurred banks to lend...
WASHINGTON/DAVOS, Switzerland (Reuters) - The U.S. Justice Department said on Tuesday it will pursue the extradition of the chief financial officer of China’s Huawei Technologies Co Ltd’s, arrested in Canada in December. The United States has accused Meng Wanzhou of misrepresenting the company’s links to a firm that tried to sell equipment to Iran despite U.S. sanctions. The arrest soured...
WASHINGTON (Reuters) - As much as U.S. President Donald Trump wants to boost markets through a trade pact with China, he will not soften his position that Beijing must make real structural reforms, including how it handles intellectual property, to reach a deal, advisers say. Offering to buy more American goods is unlikely by itself to overcome an issue that...
MANAGUA, Nicaragua (Reuters) - One of Nicaragua’s most influential political watchdog reporters said on Sunday he has gone into exile in Costa Rica after receiving threats from the government, which has led a heavy-handed crackdown on protests against President Daniel Ortega. Carlos Fernando Chamorro had accused the government of using increasingly authoritarian tactics to purge Nicaragua of dissent. The famed reporter...
LOS ANGELES (Reuters) - Bargaining teams for striking Los Angeles teachers and the second-largest U.S. school district were back behind closed doors on Sunday as negotiations to end a walkout disrupting classes for some 500,000 students stretched into a fourth day. More than 30,000 teachers walked off the job last Monday in their first strike against the Los Angeles Unified...
SYDNEY (Reuters) - Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade. Investors are also waiting to hear British Prime Minister Theresa May’s ‘Plan B’ for Brexit which is due to be presented...
BEIJING (Reuters) - Germany welcomes progress in cooperation with China, especially in the financial sector, and aims to spur further development, its finance minister, Olaf Scholz, said in Beijing on Friday. Trade between the two nations has softened amid uncertainty caused by the U.S. tariff dispute with China, but both have shown willingness to demonstrate that the world remains multilateral. Germany...
DONGGUAN/HONG KONG (Reuters) - Wang Zhishen was thrilled when Danish shipper A.P. Moller-Maersk gave him two months’ paid leave, relishing the chance to spend time with his wife and daughters in China’s remote northwestern Gansu province. But his euphoria over what he thought was an unexpected bonus quickly turned to despair when Maersk fired Wang on January 3, less than...
TOKYO (Reuters) - The U.S. Navy has not ruled out sending an aircraft carrier through the Taiwan Strait, despite military technology advances by China that pose a greater threat to U.S. warships than ever before, the chief of U.S. naval operations said on Friday. Washington sent ships through the strategic waterway three times last year as it makes more frequent...

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