BIZ/FINANCE

Wednesday, Sep. 18, 2019


US China trade talk stalls and may go nowhere soon
Suresh Pravu, Bangalore
There is little chance of any trade deal between US and China this year or next year. The grain markets are showing enough signs for little hope. Crude market may stall and pull back as dollar rises in the rest of the year.
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Opioid OxyContin maker Purdue Pharma moves to resolve law suites but it may be too late
Sonia Joshi, Bangalore
In an apparent move to resolve more than 1500 law suites caused by Opioid OxyContin, the drug maker Purdue Pharma is taking proactive steps in Oklahoma to resolve the issues.
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Lyft IPO to be offered between $62 and $68
Kiran Chaube, New Delhi
In an apparent strength of demand of the initial public offering Lyft is offering the shares above the target price. The stock market mood and sentiment is dictating Lyft's apparent above target pricing.
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Facebook faces criminal data privacy investigation as its senior executives quit
Sunita Agarwal, Pune
Facebook is facing a criminal investigation from Fair Trade Commission (FTC), the premier consumer protection agency for sharing consumers' private data with third parties to earn profit.
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US warns India and other countries against buying sanctioned Venezuelan oil
Balaji Reddy, Mumbai
US Special Representative for Venezuela Elliott Abrams told Reuters that India must not be buying oil from current Maduro regime of Venezuela against the wishes of the people of that country.
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Cash strapped Pakistan waits for World Bank and loans from allies for forex payment needs
Ananya Shorabji, Mumbai
The current inflow of foreign funds is down 61% compared to last year. Foreign funds cash flow situation is in a critical condition in Pakistan.
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Secret links between Nirav Modi and forign accounts of PNB Bank officials in London
Sunita Agarwal, Pune
Indian agencies such as CBI and ED who are trying to get to the bottom of this PNB scandal suspect some employees of the Punjab PNB have bank accounts and assets in London and other international destinations.
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