Starbucks' India unit plans to open dozens of new stores annually to defend market share in the country's fast-growing coffee sector

Citi drops call for two interest-rate hikes by India's central bank through March, citing an interim US-Iran peace deal that reduces oil-driven inflation risk

Economists at Citi dropped their call for two interest-rate hikes by India's central bank through March next year, saying an interim US-Iran peace deal has reduced the risk of higher oil prices fueling inflation.

Volkswagen uses sealed bids to avoid conflicts in $10B engine sale – FT

Volkswagen is resorting to sealed bids to avoid conflicts in the sale of its $10 billion engine business, according to the Financial Times.

Phoenix Tailings gets $500M conditional commitment from Pentagon's Office of Strategic Capital for domestic rare-earth processing facility.

Mining startup Phoenix Tailings received a conditional commitment for $500 million in long-term debt financing from the Pentagon’s Office of Strategic Capital to help build a domestic rare-earth processing facility.

Ares Management nears deal to take control of French football club Olympique Lyonnais alongside businesswoman Michele Kang, sources say.

Ares Management is close to agreeing a deal to take control of financially-stricken French football club Olympique Lyonnais, alongside businesswoman Michele Kang, sources say.