Mumbai: Investors in rupee corporate bonds are waiting to see whether a major Indian shadow lender will repay 1.25 billion rupees ($18 million) of bond payments due this month, and help avoid a further worsening in sentiment in the nation’s credit markets. Dewan Housing Finance Corp is already behind schedule in meeting debt obligations as […]

Dubai: The Russian Direct Investment Fund, an investment fund of the Russian Federation, together with foreign investors in Russian assets, ROSATOM, the infrastructure operator of the Northern Sea Routes (NSR), Norilsk Nickel, the world leader in the production of palladium and high-quality nickel, and DP World, one of the largest global port and logistics operators, […]

Madrid, Berlin: European Union leaders could push their decision on the next European Central Bank president into July or later as they instead focus on appointing the bloc’s top political positions. The negotiations over who gets the most powerful posts are especially tricky as they’ve never come up at the same time before. With a June […]

Las Vegas: Amazon said Wednesday it expects to begin large-scale deliveries by drone in the coming months as it unveiled its newest design for its “Prime Air” fleet. Jeff Wilke, head of Amazon’s consumer operations, told the company’s Machine Learning, Automation, Robotics and Space conference in Las Vegas that drones would play a role in […]

Washington: US employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and likely boosting calls for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth. Payrolls rose 75,000 in May after a downwardly revised 224,000 advance the prior month, according to a Labor […]

R&B singer R. Kelly pleaded not guilty to 11 additional sex-related charges on Thursday, including four counts that More…

Andrew Hardy was crossing the street on an electric scooter in downtown Los Angeles when a car struck him at 50 miles More…

Afghanistan opener Mohammad Shahzad will miss the rest of the World Cup after suffering a knee injury, tournament More…

Tiger Woods will play alongside past US Open winner Justin Rose of England and three-time major winner Jordan Spieth in More…

Unlikely batting hero Nathan Coulter-Nile won’t be surprised if he is dropped by Australia for their next World Cup More…