industry

Troubled carrier Jet Airways said Monday that a forensic audit of specific transactions is being carried out following directions from State Bank of India (SBI).

Gold slides on muted demand, weak global cues Dec 17 2018

Gold prices fell by Rs 190 to Rs 32,000 per 10 gram at the bullion market Monday, owing to slackened demand from local jewellers amid a weak trend overseas.

German union calls strike at Amazon warehouses Dec 17 2018

German trade union Verdi called on workers at two Amazon logistic centres to strike on Monday, part of a long-running campaign for better pay and conditions.

Italy trade surplus narrows year-on-year in October as imports rise more than exports Dec 17 2018

Italy posted a trade surplus with the rest of the world of 3.784 billion euros in October, narrowing from a surplus of 4.914 billion euros in the same month of 2017, data showed on Monday.

Bitcoin climbs above $3,400, headed for biggest daily rise in nearly three weeks Dec 17 2018

Bitcoin rose sharply on Monday, climbing above $3,400 in a move traders ascribed to heavy buying on Japan and Hong Kong-based exchanges.

Italy judge says evidence shows Eni, Shell knew of Nigerian graft Dec 17 2018

An Italian judge said on Monday there was evidence showing oil groups Eni (ENI.MI) and Royal Dutch Shell (RDSa.L) were aware that their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.

Hitachi has not given up yet on UK nuclear project: Executive Dec 17 2018

Hitachi Ltd has not given up yet on its nuclear project in Britain, a senior executive said on Monday, denying recent media reports that it was considering scrapping the 3 trillion yen ($26.61 billion) project.

German construction sector sees 6 per cent revenue growth in 2019 Dec 17 2018

Revenues in the German construction sector will likely grow by 6 percent in nominal terms to hit 128 billion euros ($145 billion) next year, the ZDB and HDB construction associations said on Monday.

StanChart to spin out its private equity business Dec 17 2018

Standard Chartered PLC will separate its private equity business and sell a majority of the arm’s investment portfolio to funds managed by Intermediate Capital Group Plc, the bank said on Monday.