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Business 14 Jan 2020 | 7:00 AM

Billionaire targeted by activist Thunberg undeterred

MUMBAI: The Indian conglomerate coming under increasing pressure over its controversial coal mine in Australia said it won’t let protests dissuade it from completing the project.MUMBAI: The Indian conglomerate coming under increasing pressure over its controversial coal mine in Australia said it won’t let protests dissuade it from completing the project.

Business 14 Jan 2020 | 7:00 AM

US consumers seen boosting big banks’ profits

NEW YORK: Consumer lending is expected to propel profits for big US banks when they unveil fourth-quarter results this week, though stress in corporate lending and uneven capital markets may cast a shadow over results.

Business 14 Jan 2020 | 7:00 AM

Investors see safety in yuan as trade deal nears

SHANGHAI: China’s yuan, fresh from a second year of weakening against the US dollar, is enjoying an unusual turn as a haven as Washington and Beijing prepare to sign an eagerly awaited Phase 1 trade deal this week.Analysts and traders say that Beijing might also be encouraging a firmer yuan as a concession to US President Donald Trump, who has repeatedly accused China in the past of unfairly devaluing its currency, with some speculating that the trade deal could include a moratorium on currency manipulation.SHANGHAI: China’s yuan, fresh from a second year of weakening against the US dollar, is enjoying an unusual turn as a haven as Washington and Beijing prepare to sign an eagerly awaited Phase 1 trade deal this week.Analysts and traders say that Beijing might also be encouraging a firmer yuan as a concession to US President Donald Trump, who has repeatedly accused China in the past of unfairly devaluing its currency, with some speculating that the trade deal could include a moratorium on currency manipulation.

Business 14 Jan 2020 | 7:00 AM

Travelex restores some electronic services after cyber attack

BENGALURU: Travelex is restoring operations to process foreign exchange orders electronically, it said, almost two weeks after cyber hackers took hold of its systems, leading to a global blackout of its online services.

Business 14 Jan 2020 | 7:00 AM

India warns palm oil buyers against Malaysian imports

MUMBAI: Indian palm oil importers have effectively stopped all purchases from Malaysia after the government privately warned them to shun the product from the country following a diplomatic spat, industry and government sources said.