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Natural calamities in Asia, Pacific threat to infra: ADB Natural calamities in Asia, Pacific threat to infra: ADB

Asia and Pacific countries, including India, Sri Lanka and Bangladesh, need to thwart challenges posed by natural calamities that have been taking toll on their infrastructure, ADB has said.

H-1B visa unlikely to be thorny issue in Modi-Trump talks: USIBC H-1B visa unlikely to be thorny issue in Modi-Trump talks: USIBC

The H-1B visa programme is unlikely to be a thorny issue in the maiden meeting between US President Donald Trump and Prime Minister Narendra Modi and the talks could yield a "win-win formula" for both the sides, a top American business advocacy group group said.

China eases 27 foreign investment restrictions in FTZs

In a bid to arrest its economic slowdown, China has eased restrictions on foreign investment in its free trade zones, removing 27 items across eight sectors including mining, manufacturing and banking, on which foreign investment was barred.

Amazon's Bezos asks for philanthropic ideas, gets plenty Amazon's Bezos asks for philanthropic ideas, gets plenty

Amazon founder Jeff Bezos is asking for ideas to help the world through philanthropy -- and is getting an earful.

BHP names packaging guru MacKenzie as new chairman

Mining giant BHP on Friday named successful packaging executive Ken MacKenzie as its next chairman, handing him the job of tackling calls to dump its oil business and overhaul the board.

Wal-Mart to buy Bonobos, but shares dip on Amazon-Whole Foods deal Wal-Mart to buy Bonobos, but shares dip on Amazon-Whole Foods deal

Wal-Mart Stores Inc said on Friday it would buy online men`s fashion retailer Bonobos Inc for $310 million, in its fourth e-commerce deal in under a year, as it seeks to bridge the gap with e-commerce leader Amazon.com Inc.

Apple hires two top TV executives from Sony Pictures Apple hires two top TV executives from Sony Pictures

Apple Inc said on Friday it hired co-presidents of Sony Pictures Television, Jamie Erlicht and Zack Van Amburg, to lead its video programming efforts.

Amazon to buy Whole Foods Market for $13.7 bn

Amazon reached an agreement to acquire upscale US grocer Whole Foods Market for $13.7 billion, including debt, the companies announced Friday.

Air bag maker Takata to file for bankruptcy this month: Sources Air bag maker Takata to file for bankruptcy this month: Sources

Takata, one of the world`s biggest automotive suppliers, has been working for months to complete a deal with Key Safety.

Angry Birds maker Rovio says IPO possible in future Angry Birds maker Rovio says IPO possible in future

Finnish mobile game and animation studio Rovio, maker of the Angry Birds game, said it could list on the stock exchange in the future, while declining comment on a media report that China`s Tencent Holdings was looking to acquire the company.

European Union scraps mobile phone roaming charges

The European Union (EU) has enacted a legislation ending roaming fees for mobile phone users across the 27-member bloc.

Amazon CEO Bezos asks Twitter followers how to donate his money

The request signalled a shift for Bezos, who has invested in longer-term bets like space exploration and kept quieter about other givings.

Oil sits near half-year lows as global supply overhang weighs Oil sits near half-year lows as global supply overhang weighs

Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.

Oil hits 6-week low as OPEC fails to curb oversupply Oil hits 6-week low as OPEC fails to curb oversupply

Brent crude oil fell 30 cents to USD 46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little to trade around USD 46.90 by 0945 GMT.

US Fed raises rates, unveils balance sheet cuts in sign of confidence US Fed raises rates, unveils balance sheet cuts in sign of confidence

The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing US economy and strengthening job market.

US Fed hikes key rate to 1.0-1.25%, gives details on balance sheet reduction US Fed hikes key rate to 1.0-1.25%, gives details on balance sheet reduction

The Federal Reserve raised interest rates on Wednesday for the second time in three months, citing continued U.S. economic growth and job market strength, and announced it would begin cutting its holdings of bonds and other securities this year.

IMF raises China 2017 growth forecast again, partly due to 'policy support' IMF raises China 2017 growth forecast again, partly due to 'policy support'

The International Monetary Fund on Wednesday raised its forecast for China`s 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment".

Uber director David Bonderman resigns from board following comment about women Uber director David Bonderman resigns from board following comment about women

Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company`s board following a remark he made during an Uber staff meeting that was widely seen as offensive to women.

Uber CEO takes leave of absence amid sweeping changes after scandals Uber CEO takes leave of absence amid sweeping changes after scandals

Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, one of a series of measures the ride-hailing company is taking to claw its way out from under a mountain of controversies.

US oil output hampering market rebalancing: OPEC

Increased oil production in the United States is hampering efforts to balance out market supply and demand, OPEC said on Tuesday.