close
This ad will auto close in 10 seconds
OPEC deal a tough task, as oil output freeze expectations rise OPEC deal a tough task, as oil output freeze expectations rise

OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles to a deal.

China begins operating bullet trains at 350 kmph speed China begins operating bullet trains at 350 kmph speed

The trains can touch a speed of 350 kilometers per hour, state-run Xinhua news agency reported. Currently, China's high-speed trains clocks around 280 kmph.

UK employers scale back hiring plans after Brexit vote: Survey UK employers scale back hiring plans after Brexit vote: Survey

British employers have turned more cautious about hiring and are less likely to invest in training for their workers following the decision in June by voters to leave the European Union, a survey showed on Monday.

UK business software company Sage hit by cyber attack UK business software company Sage hit by cyber attack

Sage Group, a provider of accounting, payroll and payments software for businesses, said cyber attackers had used an internal login to access the data of some of its British customers.

Nike's stock falls behind rivals amid Rio Olympics Nike's stock falls behind rivals amid Rio Olympics

Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to Adidas and Under Armour UA.N.

IMF views positive outlook for Chinese economy

China`s near-term growth outlook has improved due to recent policy support but the country needs to rein in fast credit growth to ensure economic transition on a sustainable footing, the International Monetary Fund (IMF) has said.

Oil prices extend gains on Saudi minister's comments Oil prices extend gains on Saudi minister's comments

Oil prices climbed further on Friday as investors were digesting the latest remarks from Saudi Energy Minister.

World Bank to issue SDR bonds in China World Bank to issue SDR bonds in China

China's central bank today permitted a division of the World Bank to issue bonds denominated in special drawing rights (SDR) in the country's interbank bond market.

Global Economy Weekahead: Global monetary taps still open wide, Fed minutes in focus

The glue binding a still-aggressive global monetary policy response to a struggling world economy and almost daily record highs for world stock markets along with record low bond yields is set to remain intact in the coming week. 

Didi's Cheng Wei: Chinese patriot who tamed Uber Didi's Cheng Wei: Chinese patriot who tamed Uber

Cheng Wei, 34, was once assistant to the head of a foot massage firm. Last week, his company Didi Chuxing bagged Uber`s China business in a deal valuing his ride-hailing start-up at $35 billion - a second success in as many years in a gruelling battle with a rival.

US stocks surge to records as retail, oil shares gain

Alibaba, which trades in New York, jumped 5 percent.  

Alibaba's revenue beats estimates with 59% jump; mobile revenue soars

Chinese e-commerce giant Alibaba Group Holding Ltd reported a better-than-expected 59 percent jump in quarterly revenue on Thursday, defying a slowdown in the Chinese economy.

IEA cuts oil demand forecast on Brexit impact IEA cuts oil demand forecast on Brexit impact

The IEA said Thursday it had cut its oil demand growth forecast for 2017 because of a weaker outlook for the world economy following Britain`s vote to leave the European Union.

Azim Premji, Shiv Nadar in Forbes 100 richest tech tycoons list Azim Premji, Shiv Nadar in Forbes 100 richest tech tycoons list

The '100 Richest Tech Billionaires In The World 2016' list has been topped by Microsoft founder Bill Gates with an estimated fortune of USD 78 billion.

HSBC, BofA apply blockchain to trade finance, seek more partners

HSBC and Bank of America Merrill Lynch said on Wednesday they had created the world`s first application using blockchain technology to simplify one of the most cumbersome aspects of trade finance.

World stocks hit 1-year high as US data saps dollar, bond yields World stocks hit 1-year high as US data saps dollar, bond yields

World stocks hit a new one-year high on Wednesday, while the dollar and benchmark government bond yields sank and precious metals rose after weak US productivity data again pushed back expectations of a Federal Reserve rate hike.

First-ever 'Pizza ATM' opens in US First-ever 'Pizza ATM' opens in US

Pizza lovers in the US can now relish their favourite cheesy delicacy by using the first-ever 'Pizza ATM' in the country installed at a university campus.

Wal-Mart buying Jet.com to lift online sales, battle Amazon Wal-Mart buying Jet.com to lift online sales, battle Amazon

Wal-Mart Stores Inc , vying to better challenge Amazon.com Inc , will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup.

Donald Trump unveils economic policy; offers tax sops Donald Trump unveils economic policy; offers tax sops

Republican presidential nominee Donald Trump Monday sought to give a boost to his flagging campaign by unveiling his economic policy which he claimed would spur faster growth and benefit every American.

China's exports, imports decline amid falling global demand China's exports, imports decline amid falling global demand

China's exports and imports declined by about three percent in the first seven months amid falling global and domestic demand, according to data released by a ministry-level administrative agency here.