Finance ministry to shortly issue a statement on government-RBI rift

The government will soon issue a statement to address the growing differences between the finance ministry and the country's central bank, Economic Affairs Secretary Subhash Chandra Garg said on Wednesday.

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MUFG leaps to grab CBA asset management unit for $2.9 billion in surprise sale

Commonwealth Bank of Australia will sell its asset management arm to Mitsubishi UFJ Financial Group for $2.9 billion in a surprise sale, the latest business to be sold by an Australian financial giant amid unprecedented regulatory scrutiny.

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Samsung slashes capex, calls end to chip boom after record third quarter

Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fuelled record third-quarter profit.

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China Evergrande units sell $1.8 billion bonds, coupons up to 13.75 percent

China Evergrande Group said on Wednesday it sold $1.8 billion in senior notes with coupons as high as 13.75 percent. Chairman Hui Ka Yan bought $1 billion of the offer.

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Sensex falls, set for worst month since February 2016

Indian shares fell on Wednesday and were set for their worst month since February 2016, as the rupee weakened on speculation that the central bank governor might resign due to a widening rift with the government.

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Global Markets: Asia stocks rise after grim October, set for worst month since 2011

Asian stocks were set to end the month up from 20-month lows on Wednesday amid pledges by China to support its domestic markets, but sentiment was fragile after equity markets bled trillions of dollars in a grim October.

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Baidu's fourth-quarter sales goal misses estimates as regulation, trade fears bite

Chinese search engine operator Baidu Inc on Wednesday forecast fourth-quarter sales below analyst estimates, saying new regulations and uncertainty surrounding a Sino-U.S. trade spat has prompted clients to cut back on advertising.

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RBI Governor Urjit Patel may resign, reports say; rupee down

Reserve Bank of India Governor Urjit Patel may consider resigning from his post given a breakdown in relations with the government, TV channels reported on Wednesday, sparking a sell-off in the rupee and bonds.

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Insight: Musk shakes up SpaceX in race to make satellite launch window - sources

SpaceX Chief Executive Officer Elon Musk flew to the Seattle area in June for meetings with engineers leading a satellite launch project crucial to his space company's growth.

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StanChart beats forecasts with 31 percent third-quarter profit jump

Standard Chartered reported on Wednesday a better than expected 31.3 percent rise in quarterly profit before tax, as the British lender attempts to bring down stubbornly high costs and boost flatlining revenues.

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Oil prices rise for first time in three days, but trade war drags

Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market.

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Japan's central bank holds fire, cuts inflation forecast

The Bank of Japan kept monetary policy steady on Wednesday and slightly trimmed its inflation forecasts as global trade frictions clouded the economic outlook, reinforcing views the central bank is in no rush to trim its massive stimulus.

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China factory growth weakest in over two years, slump in export orders deepens

China's manufacturing sector in October expanded at its weakest pace in over two years, hurt by slowing domestic and external demand, in a sign of deepening cracks in the economy from an intensifying trade war with the United States.

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