BENGALURU, Sept 27 Reuters Shares of Indian conglomerate Vedanta fell to their lowest in over a year on Wednesday after Moody39;s Investors Service downgraded parent Vedanta Resources39; senior unsecured bonds, citing a high risk of debt restructuring in the coming months. The rating agency also raised concerns about the ability of Vedanta Resources39; operating subsidiaries to […]

ROME, Sept 27 Reuters Italy39;s Treasury could sell an 8 stake in statecontrolled bank Monte dei Paschi di Siena MPS in the first ten days of October, the Il Messaggero newspaper reported on Wednesday. According to the daily, which did not elaborate on its sources, the ministry has already picked Equita SIM as its advisor […]

Sept 26 Reuters Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese ecommerce giant announced its breakup six months ago. Alibaba said on Tuesday it had submitted an application to spin off […]

Sept 24 Reuters Ford Motor said on Sunday that despite progress in some areas, it still has significant gaps to close on key economic issues before it can reach a new labor agreement with the United Auto Workers union. The issues are interconnected and must work within an overall agreement that supports our mutual success, it […]

TORONTO, Sept 26Reuters A recent C4.6 billion capital raise by Enbridge and a raft of new U.S. deals have spurred optimism for a revival in Canadian equity capital markets ECM issuance, bankers and lawyers said. Enbridge39;s jumbo equity sale to finance a portion of its acquisition of three utilities from Dominion Energy propelled Canadian ECM issuance to a twoyear […]

LONDON, Sept 26 Reuters Adidas39; newest running shoes, worn by Ethiopia39;s Tigist Assefa on Sunday to set a new women39;s marathon world record in Berlin, went on sale on Tuesday with an eyewatering price tag that will test the enthusiasm of amateur runners. Adidas, its bigger rival Nike and other sports brands, have been locked […]

Sept 26 Reuters Uber Technologies is partnering with Los Angeles Yellow Cab and its affiliates to increase the supply of taxis on the ridehailing giant39;s platform, the company said on Tuesday. Uber has been securing similar tieups in global markets including Europe and Asia over the last two years, deepening its ties with the private taxi […]