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Yes Bank names Deutsche Bank's Ravneet Gill as CEO after RBI spat

Yes Bank has hired the head of Deutsche Bank India Ravneet Gill as its new chief executive after the Reserve Bank of India demanded Rana Kapoor was replaced, lifting its shares.
Tags: Money, businessNews, Deutsche Bank, Bank, Reserve Bank of India, Rana Kapoor, Deutsche Bank India Ravneet Gill, Ravneet Gill


CBI files case against former ICICI Bank chief Chanda Kochhar

The Central Bureau of Investigation (CBI) has filed a case of criminal conspiracy and fraud against the former chief executive of ICICI Bank Chanda Kochhar and her husband Deepak Kochhar, according to a statement from the agency on Thursday.
Tags: Money, Cbi, businessNews, ICICI Bank, Central Bureau of Investigation CBI, Chanda Kochhar, Deepak Kochhar


Microsoft welcomes regulation on facial recognition technology: Nadella

Microsoft Chief Executive Satya Nadella said on Thursday that with the growth of facial recognition technology, he would "welcome regulation that will help the marketplace not be a race to the bottom."
Tags: Money, Microsoft, Satya Nadella, businessNews, Nadella


Renault names new leaders as scandal-hit Ghosn bows out

Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after Carlos Ghosn was forced to resign in the wake of a financial scandal that has rocked the French carmaker and its alliance with Japan's Nissan.
Tags: Japan, Money, businessNews, Michelin, Renault, Ghosn, Carlos Ghosn, Jean Dominique Senard


France seeks support for minimum corporate tax at world level

France called on Thursday for a new global system of taxation, including a tax on digital giants, as governments look to prevent companies from shopping around for tax havens.
Tags: Money, France, businessNews


ECB keeps policy unchanged but may acknowledge weak growth

The European Central Bank left its policy stance unchanged as expected on Thursday, keeping a rate hike later this year on the table even as the euro zone economy suffers its biggest slowdown in half a decade.
Tags: Money, European Central Bank, businessNews, Ecb


Yes Bank names Deutsche's Gill as CEO after central bank spat

Yes Bank has hired the head of Deutsche Bank India Ravneet Gill as its new chief executive after the Reserve Bank of India demanded Rana Kapoor was replaced, lifting its shares.
Tags: Money, businessNews, Bank, Reserve Bank of India, Gill, Deutsche, Rana Kapoor, Deutsche Bank India Ravneet Gill


Renault confirms Senard as new chairman, Bollore as CEO

French carmaker Renault on Thursday confirmed the appointment of Michelin's Jean-Dominique Senard as its new chairman and Thierry Bollore as new chief executive.
Tags: Money, businessNews, Michelin, Renault, Thierry Bollore, Bollore, Jean Dominique Senard, Senard


Biocon quarterly profit more than doubles, beats estimate

Indian biotechnology firm Biocon Ltd's quarterly profit more than doubled, handily beating analysts' estimates, largely driven by strong performance of its biologics businesses.
Tags: Money, businessNews, Biocon Ltd, Biocon


India rice rates rise, Vietnam prices slip before holiday

Rice export prices rose in India, driven by higher procurement costs for local paddy even as demand was tepid, while rates for the Vietnamese variety slipped as activity slowed before a holiday season.
Tags: Money, India, businessNews, Vietnam


UK finance minister Hammond pulls out of event

British finance minister Philip Hammond will not attend an event with European leaders at the World Economic Forum in Switzerland on Thursday as organisers had billed, the government said.
Tags: UK, Money, businessNews, Switzerland, Philip Hammond, Hammond, World Economic Forum


BJP ministers trumpet jobs growth after study showed 11 million jobs lost

Indian government ministers facing an election in coming months launched a social media campaign on Thursday trumpeting successes in creating jobs just weeks after a leading think tank reported 11 million jobs were lost in the country last year.
Tags: Money, BJP, businessNews


Exclusive: Hedge fund prepares proxy fight to oust board at embattled PG&E

PG&E Corp shareholder Blue Mountain Capital Management LLC is preparing to launch a proxy fight to oust the embattled California utility owner's board, arguing that the company is harming investors with its plan to seek bankruptcy protection in the wake of catastrophic wildfires.
Tags: Money, California, businessNews, E. PG E Corp, Blue Mountain Capital Management LLC


Investors dump Tod's shares after luxury group retail sales dip

A fifth straight year of declining retail sales at Tod's sent shares in the Italian luxury goods group down 6 percent on Thursday.
Tags: Money, businessNews, Tod


STMicro shares jump on prospects for second half of 2019

Shares in chipmaker STMicroelectronics jumped on Thursday after the Franco-Italian company gave an upbeat forecast for the second half of the year, easing market fears about a downturn in the semiconductor industry.
Tags: Money, businessNews, STMicroelectronics


Russia: no OPEC, non-OPEC meeting proposed over Venezuela turmoil

There have been no proposals to convene an emergency meeting of the OPEC and non-OPEC monitoring committee because of the political turmoil in OPEC member Venezuela, Russian Energy Minister Alexander Novak said on Thursday.
Tags: Money, Russia, Opec, businessNews, Venezuela, Alexander Novak, Venezuela Russian Energy


Oil rises after U.S. threat of sanctions on Venezuela crude

Oil rose on Thursday, shaking off persistent concern about the outlook for demand after the U.S. government said it could impose sanctions on OPEC member Venezuela's crude exports.
Tags: Money, Opec, businessNews, Venezuela


Deutsche Bank queried by U.S. House panels on Trump ties

Deutsche Bank has received an inquiry from two important committees of the U.S. House of Representatives on the lender's ties to U.S. President Donald Trump, it said on Thursday.
Tags: Money, businessNews, Deutsche Bank, Donald Trump, Trump, U S House, U S House of Representatives


IndiGo owner InterGlobe appoints Ronojoy Dutta as CEO

InterGlobe Aviation Ltd, owner of India's biggest airline by market share IndiGo, on Thursday appointed Ronojoy Dutta as chief executive officer for five years.
Tags: Money, India, businessNews, InterGlobe Aviation Ltd, InterGlobe, Ronojoy Dutta


Yes Bank names Deutsche Bank's Gill as CEO to replace Kapoor

India's Yes Bank said it won central bank approval to appoint Deutsche Bank India head Ravneet Singh Gill as the successor to controversial incumbent chief executive Rana Kapoor, sending the private sector lender's shares up sharply.
Tags: Money, India, businessNews, Deutsche Bank, Bank, Gill, Kapoor, Rana Kapoor, Ravneet Singh Gill, Deutsche Bank India


Nifty, Sensex rise on Yes Bank surge

Indian shares closed slightly higher on Thursday, helped by gains in Yes Bank Ltd after the lender said it got the central bank's approval to name Ravneet Singh Gill as its new chief executive officer.
Tags: Money, businessNews, Yes Bank, Yes Bank Ltd, Ravneet Singh Gill


Davos: Big food, consumer goods firms join TerraCycle's Loop waste-free shopping platform

Some of the world's largest consumer goods and food and beverage companies have joined a new recycling initiative, to be launched this year, aimed at collecting used plastics bottles and other durable packaging from homes and re-using them.
Tags: Money, Davos, businessNews


Tennis: Osaka says sponsor apologised over controversial commercial

Japanese noodle company Nissin has apologised to Naomi Osaka after controversially depicting her in a commercial which has since been removed, the 21-year-old said on Thursday.
Tags: Money, businessNews, Osaka, Naomi Osaka, Nissin


IMF's Lagarde: China-U.S. trade tension a major risk to global growth

International Monetary Fund Managing Director Christine Lagarde on Thursday reiterated that the major risk facing the global economy was the trade tension between China and the United States.
Tags: Money, China, businessNews, International Monetary Fund, Christine Lagarde, Imf, Lagarde


Davos: UK finance minister Hammond pulls out of event at Davos - FT

British finance minister Philip Hammond has pulled out of an event at the World Economic Forum in Davos, Switzerland, the Financial Times reported on Thursday.
Tags: UK, Money, Davos, businessNews, Philip Hammond, Hammond, World Economic Forum, Davos Switzerland


Global Markets: Gloomy data shoves euro lower ahead of ECB meeting

The euro retreated while stocks and bonds rallied on Thursday, as painful data from France and only modestly better readings from Germany set the tone for the European Central Bank's first meeting of the year.
Tags: Money, France, Germany, European Central Bank, businessNews, Ecb


Davos: Microsoft welcomes regulation on facial recognition technology - Nadella

Microsoft Chief Executive Satya Nadella said on Thursday that with the growth of facial recognition technology, he would "welcome regulation that will help the marketplace not be a race to the bottom."
Tags: Money, Microsoft, Satya Nadella, Davos, businessNews, Nadella


UK Brexit minister Barclay says takes Airbus 'no deal' warning seriously

British Brexit minister Stephen Barclay said on Thursday he took a warning from Airbus chief executive Tom Enders over the risks of a 'no deal' Brexit very seriously.
Tags: UK, Money, businessNews, Airbus, Brexit, Tom Enders, Barclay, Stephen Barclay


Yes Bank gets RBI nod for Ravneet Singh Gill to be CEO

India's Yes Bank said on Thursday it got the central bank's approval to name Ravneet Singh Gill as its new chief executive officer.
Tags: Money, India, businessNews, Bank, Ravneet Singh Gill


Jardine Matheson briefly loses $41 billion in market value after suspected 'fat finger'

Shares in Singapore-listed conglomerate Jardine Matheson Holdings Ltd briefly plunged 83 percent, or nearly $41 billion in market value, before recovering on Thursday in what traders said was likely a "fat finger" error.
Tags: Money, Singapore, businessNews, Jardine Matheson Holdings Ltd, Jardine Matheson