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  Bloomberg Billionaire Mukesh Ambani’s Reliance Industries Ltd. has been barred from trading futures and options on India’s equity markets for a year after being found guilty of fraudulent activity by the market regulator. The Securities and Exchange Board of India said Reliance, along with 12 unlisted trading houses it used, carried out unlawful transactions in shares of its former ...

  Bloomberg The euro area’s accelerating economy is translating into faster job creation and stronger inflation pressures. A key gauge of activity rose to a near six-year high in March, and employment increased the most since July 2007, with hiring picking up both in services and manufacturing. The jump in the headline IHS Markit Purchasing Managers Index compared with economists’ ...

  Bloomberg Fitbit Inc. is headed toward a trial over claims it stole rival Jawbone Inc.’s trade secrets, after failing to persuade a judge to throw the case out. A California state judge has rejected Fitbit’s argument that the lawsuit is merely an attempt to rehash claims that were already analyzed and rejected by the US International Trade Commission in ...

  Bloomberg Orders for US durable goods increased more than forecast in February, a sign companies are confident about the outlook for the economy. Bookings for goods meant to last at least three years rose 1.7 percent after a 2.3 percent advance the prior month that was larger than previously estimated, Commerce Department data showed. The median forecast of economists ...

  There was bound to be a political commotion when the Trump administration released its 2018 budget. After all, it isn’t every day that the White House proposes deep cuts in agency spending: for 2018, the Environmental Protection Agency would be down 31 percent; the State Department, 29 percent; the Department of Education, 14 percent; and the Department of Transportation, ...

  America, one; Europe, nil. In Asia, at least, US financial institutions are climbing up the investment banking league tables while their euro-area counterparts sink. But Wall Street should not start celebrating now. How long their current reign lasts will depend to a large degree on how long fixed income, currencies and commodities business remains robust. Deutsche Bank AG, weighed ...

  In between tweets last weekend, President Donald Trump took time to talk with Brazilian President Michel Temer and Chilean President Michelle Bachelet. Top of mind in both calls were efforts to encourage “respect for democratic and humanitarian rights in Venezuela.” A worthy goal, but if Trump really wants to restore democracy in Venezuela, he should let Latin America take ...

  Four people were killed when a knife-wielding man went on a killing spree, driving car into the pedestrians before stabbing a police officer on the parliament compound. The assailant was shot dead by police just yards from entrances to the building itself. People from 11 countries were among the victims and more than 40 people inflicted catastrophic injuries. The ...

  As a boy, Barry Goldwater Jr., son of the former senator and 1964 Republican presidential nominee, would step out of his father’s house and shoot at tin cans 50 yards away. Now 78, he says he could fire in any direction and not endanger “anything but a cactus.” His father, born in 1909 in Arizona territory, three years before ...

  Much like a father holding the hand of his anxious son through a dark alleyway, the European Central Bank is striving to give markets guidance over how it will normalize its monetary policy. The ECB has told investors that it intends quantitative easing to continue at a pace of 60 billion euros a month from April until the end ...