India nears 200,000 COVID-19 deaths, army pledges help

NEW DELHI (Reuters) -India’s coronavirus death toll neared the bleak milestone of 200,000 with another 2,771 fatalities reported on Tuesday, while its armed forces pledged urgent medical aid to help battle the staggering spike in infections.Family members sit next to the burning funeral pyres of those who died from the coronavirus disease (COVID-19), during a mass cremation, at a crematorium […]

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Indian shares rise ahead of key blue-chip earnings

BENGALURU (Reuters) – Indian shares rose on Tuesday ahead of a slew of earnings reports from blue-chip companies, including Maruti Suzuki India, even as new cases of COVID-19 in the country held above 300,000 for a sixth consecutive day.A bird flies past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File PhotoThe NSE Nifty 50 […]

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UPDATE 1-China Huarong bonds fall on Fitch downgrade as debts repaid

(Recasts, adds market comments, onshore repayment, CDS) SHANGHAI, April 27 (Reuters) – Offshore bonds issued by subsidiaries of Chinese state-owned bad loan giant China Huarong Asset Management Co fell on Tuesday, after Fitch Ratings downgraded the parent company, even as Huarong companies met deadlines on debt repayment. Fitch Ratings said late on Monday that it had downgraded the long-term issuer […]

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J&J execs get pay raises, but only after bruising shareholder 'Vote No' campaign

Fox Business Flash top headlines for April 26 Check out what’s clicking on FoxBusiness.com. Roughly 57% of investor votes cast backed healthcare company Johnson & Johnson's executive pay for 2020, a low level of support for a proposal most shareholders usually rubberstamp. The low support, not including abstentions, for the non-binding proposal comes after the Office of the Illinois State […]

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Brazil's Soma in talks to acquire Cia Hering for $967 million

SAO PAULO (Reuters) – Brazilian apparel retailer Grupo de Moda Soma is in exclusive talks to acquire Cia Hering for 5.3 billion reais ($967 million) in a cash and share deal, according to securities filings by both companies on Monday. The acquisition will involve a cash payment to Hering shareholders of 9.630957 reais per share, plus 1.625107 share of Grupo […]

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Elon Musk’s Tesla reports earnings: What Wall Street is watching

Tesla CEO Elon Musk to host ‘Saturday Night Live’ Tesla and SpaceX CEO Elon Musk will host ‘SNL’ with Miley Cyrus. FOX Business’ Maria Bartiromo, Dagen McDowell and Laffer Tengler Investments CIO Nancy Tengler with more. Tesla Inc. will report a record quarterly profit when it releases first-quarter results after Monday’s closing bell, analysts say.  The Palo Alto, California-based electric-vehicle […]

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India's Modi discussed supply chains of COVID-19 vaccines' raw materials and medicines with U.S. president

FILE PHOTO: India’s Prime Minister Narendra Modi addresses a gathering before flagging off the “Dandi March”, or Salt March, to celebrate the 75th anniversary of India’s Independence, in Ahmedabad, India, March 12, 2021. REUTERS/Amit DaveNEW DELHI (Reuters) – Indian Prime Minister Narendra Modi on Monday discussed the evolving coronavirus situation with U.S. President Joe Biden, the government said in a […]

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