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To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02142019.pdf If you would like to receive this newsletter via email, please register at: http://financial-risk-solutions.thomsonreuters.info/india-morning FACTORS TO WATCH 12:00 pm: Government to release January wholesale price inflation data in New Delhi.
LIVECHAT - BONDS FOCUS Reuters interest rate reporters delve into government bond markets at 6:00 pm IST. To join the conversation, click on the link: https://financial-risk-solutions.thomsonreuters.info/india-morning INDIA TOP NEWS • Indian auditor says Rafale jet deal cheaper than original India's federal auditor said on Wednesday that 36 fighter jets bought from France's Dassault Aviation were cheaper than an earlier local deal, offering respite for Prime Minister Narendra Modi.
• Thyssenkrupp employees will not support Tata JV at any price Labour leaders, who hold half the seats on Thyssenkrupp's supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said.
• IndiGo to cut number of flights in February, March IndiGo Airlines, the country's largest domestic carrier, said on Wednesday it would cut the number of flights it operates by 2 percent in February due to bad weather.
• Venezuela turns to India for oil exports as U.S. sanctions bite Venezuelan oil company PDVSA is looking to double exports to India as U.S. sanctions hobble deliveries to the United States and Europe.
• U.S. Commerce Secretary Ross cancels India trip -spokesman U.S. Commerce Secretary Wilbur Ross has canceled plans to visit India this week for a business forum due to "inclement weather" and other logistical issues, a spokesman for the agency said in a statement on Wednesday.
• India high court overturns 2017 arbitration award to HPCL for $113 million An Indian high court has set aside an arbitration award of more than 8 billion rupees ($113.19 million) owed to India's Hindustan Petroleum by Malaysia’s M3nergy, according to a court document reviewed by Reuters.
GLOBAL TOP NEWS • Trump: China trade talks going 'very well' before high-level parley U.S. President Donald Trump said on Wednesday trade talks with China were "going along very well" as the world's two largest economies try to resolve their seven-month tariff war ahead of a March 1 deadline for a deal.
• Japan Q4 GDP rebounds but trade frictions remain a concern Japan's economy expanded in the fourth quarter as business and consumer spending recovered from natural disasters, however global trade protectionism remained a concern for the country.