By Swati Bhat MUMBAI (Reuters) – The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth. “Prior to the outbreak of COVID-19, the outlook for growth for 2020-21 was looking up,” […]
By Julie Zhu, Kane Wu and Zhang Yan HONG KONG/BEIJING (Reuters) – Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. Alibaba affiliate Ant, which had […]
By Diane Bartz and Chris Kirkham WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Wednesday it had filed a complaint aimed at forcing Marlboro maker Altria Group to sell its investment in e-cigarette maker Juul Labs Inc. The FTC has probed Altria’s decision to buy a 35% stake in Juul, announced in December […]
