Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China's Xiaomi Corp in February as part of an investigation into alleged tax evasion, according to two sources and a court filing reviewed by Reuters.
Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears mounted that fast-rising inflation will drive interest rates higher and bring the global economy to a standstill.
MADRID (Reuters) -Spanish telecom company Telefonica posted a smaller-than-expected fall in first-quarter net profit on Thursday helped by inflation-matching price rises, operating efficiencies and its cloud and cybersecurity business.
, LONDON (Reuters) -Oil prices fell on Thursday in a volatile week as recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe.
Campari plans to open several flagship bars for its best-selling spirits in Europe and beyond to help tap into a taste for the Italian aperitif culture, its chief executive said.
Ukraine will not reopen the suspended Sokhranovka gas transit route from Russia to European customers until Kyiv obtains control over its gas transit system, the head of the system's operator GTSOU told Reuters on Thursday.
For banks in Canada, one of the world's largest oil producers, it's not easy being green.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
