International Business News

S&P maintains China's A+/A-1 credit rating, stable outlook

S&P maintains China's A+/A-1 credit rating, stable outlook

The rating agency said that China will maintain its headline gross domestic product growth.

Sep 21, 2018, 14:45 PM IST
Walmart warns Trump tariffs may force price hikes

Walmart warns Trump tariffs may force price hikes

The letter comes days after US President Donald Trump slapped tariffs on $200 billion worth of Chinese goods.

Sep 21, 2018, 09:24 AM IST
Adobe to buy marketing software firm Marketo for $4.75 billion

Adobe to buy marketing software firm Marketo for $4.75 billion

Marketo, started in 2006 as an email marketing service, was taken private by Vista for $1.8 billion in 2016.

Sep 21, 2018, 09:07 AM IST
Aston Martin aims for $6.7 billion October IPO

Aston Martin aims for $6.7 billion October IPO

The firm is expecting 25 percent of its stock to be floated, nearly 57 million shares.

Sep 20, 2018, 16:02 PM IST
Danske Bank CEO quits in $234 billion money laundering scandal

Danske Bank CEO quits in $234 billion money laundering scandal

Dutch bank ING this month admitted criminals had been able to launder money through its accounts and agreed to pay 775 million euros ($900 million) to settle the case.

Sep 19, 2018, 15:26 PM IST
UK inflation unexpectedly leaps to six-month high in August

UK inflation unexpectedly leaps to six-month high in August

Consumer price inflation rose at an annual rate of 2.7 percent in August, compared with 2.5 percent in July.

Sep 19, 2018, 15:22 PM IST
Alibaba's Jack Ma says US-China trade friction could last 20 years

Alibaba's Jack Ma says US-China trade friction could last 20 years

Ma was speaking at an Alibaba investor conference hours after Washington said it would impose duties on an extra $200 billion worth of Chinese imports, drawing a warning from Beijing that it would

Sep 19, 2018, 13:59 PM IST
WOW air to to operate from December; ticket from New Delhi to US at just Rs 13,499

WOW air to to operate from December; ticket from New Delhi to US at just Rs 13,499

According to the airline, the offer will be applicable for the bookings between September 18 to 28, and valid for travel between December 2018 to March 2019.

Sep 19, 2018, 11:15 AM IST
Xiaomi to undergo internal restructuring: Report

Xiaomi to undergo internal restructuring: Report

Recently, Chinese e-tailer Alibaba's Executive Chairman Jack Ma announced his plans to resign after a 12-month transition period, handing over the reins to Daniel Zhang, current Chief Executive of

Sep 14, 2018, 17:41 PM IST
ECB has no plan to issue digital currency: Draghi

ECB has no plan to issue digital currency: Draghi

The sudden proliferation of cryptocurrencies such as Bitcoin, essentially a privately created online token, has sparked a global debate over whether central banks should also launch their own digital

Sep 14, 2018, 17:36 PM IST
Fortum hit with $23 million Nasdaq bill after Norwegian trader's default

Fortum hit with $23 million Nasdaq bill after Norwegian trader's default

Norway`s largest firm, Equinor, said it had also received a request to pay its share, but the amount was minimal.

Sep 14, 2018, 17:35 PM IST
Hyundai Motor Group heir apparent named as chief vice chairman

Hyundai Motor Group heir apparent named as chief vice chairman

South Korea`s government has called for reform of the country`s family-owned conglomerates, known as chaebols.

Sep 14, 2018, 14:54 PM IST
Volkswagen to end production of the Beetle next year

Volkswagen to end production of the Beetle next year

The company said two special Beetle models will join the final lineup - Final Edition SE and Final Edition SEL - in the United States and would offer driver-assistance technology.

Sep 14, 2018, 09:30 AM IST
Who is Daniel Zhang? All you want to know about Alibaba's next chairman

Who is Daniel Zhang? All you want to know about Alibaba's next chairman

Zhang will be promoted to the executive chairman on September 10, 2019.

Sep 10, 2018, 16:15 PM IST
Apple products all set to get more expensive amid US-China tariff war

Apple products all set to get more expensive amid US-China tariff war

Apple has said some of its popular products will get hit by the 25 per cent increase in import tax.

Sep 08, 2018, 10:13 AM IST
Alibaba co-founder Jack Ma to retire, focus on philanthropy

Alibaba co-founder Jack Ma to retire, focus on philanthropy

Jack Ma's rags to riches story has inspired many around the world. The billionaire now feels it is time for him to actively give back to society at large.

Sep 08, 2018, 07:20 AM IST
Iran to handover strategic Chabahar port to Indian firm in a month

Iran to handover strategic Chabahar port to Indian firm in a month

The Chabahar port in the Sistan-Balochistan province in the energy-rich nation's southern coast is easily accessible from India's western coast and is increasingly seen as a counter to Pakistan's

Sep 07, 2018, 09:37 AM IST
Coca Cola gets a caffeine high, dives into coffee business with eye on Starbucks

Coca Cola gets a caffeine high, dives into coffee business with eye on Starbucks

Coca Cola has paid big bucks to buy coffee chain Costa in a bid to increase presence in healthy beverage segment.

Aug 31, 2018, 19:05 PM IST
China looking at developing low-energy consuming superconducting computers

China looking at developing low-energy consuming superconducting computers

Predicting a massive surge in global demand for electricity, Chinese scientists have reportedly begun exploring the prospect of extremely energy-efficient computers.

Aug 27, 2018, 10:35 AM IST
US-China trade war escalates as new tariffs kick in

US-China trade war escalates as new tariffs kick in

The world`s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of products since early July.

Aug 23, 2018, 11:49 AM IST