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Microsoft chief Satya Nadella takes home $17.7 million pay Microsoft chief Satya Nadella takes home $17.7 million pay

Nadella, who is betting on technologies like cloud computing and artificial intelligence to steer the software major's growth, had a compensation of USD 18.3 million in the year ended June 2015.

Sensex rallies 143 points on IMF growth upgrade for India; Nifty reclaims 8,800-mark Sensex rallies 143 points on IMF growth upgrade for India; Nifty reclaims 8,800-mark

The 30-share index was up 143.10 points, or 0.50 percent, at 28,477.65, with all sectoral indices led by metal, realty and banking making headway.

Ericsson to  cut 3,000 jobs in Sweden Ericsson to cut 3,000 jobs in Sweden

The company said however that it also planned to hire 1,000 people in research and development over the next three years, as the company undergoes a "large transformation".

Pound slumps to 31-year low versus dollar on Brexit talk Pound slumps to 31-year low versus dollar on Brexit talk

The pound slumped to a 31-year low against the dollar Tuesday on concerns over the timing of Britain`s planned exit from the European Union, according to traders.

Samsung BioLogics IPO may raise $2 billion in South Korea's third biggest listing

Samsung BioLogics Co Ltd, a contract manufacturer of biotech drugs for global pharmaceutical firms, said on Tuesday its initial public offering is expected to raise as much as $2 billion in what is set to be South Korea`s third-largest IPO.

US factories rebound, resisting global downward pull

US factories ramped up activity in September, shaking off a one-month contraction in a sign America was resisting the downward pull of the sluggish global economy.

Iranian president tells Venezuela essential to raise oil prices

Iran`s President Hassan Rouhani told his Venezuelan counterpart Nicolás Maduro in a phone call that it was essential for oil producing countries to take a decision to raise the price of oil and stabilise the market, Iranian state news agency IRNA said.

Pakistan Stock Exchange says Shanghai bourse interested in buying stake

The Pakistan Stock Exchange Ltd has received interest from the Shanghai Stock Exchange and other foreign companies about buying a stake of up to 40 percent, its managing director said on Monday.

Dutch bank ING cutting 7,000 jobs in digital transformation Dutch bank ING cutting 7,000 jobs in digital transformation

 Dutch bank ING, the country`s biggest lender, Monday announced 7,000 jobs could be lost mainly in Belgium and The Netherlands to save 900 million euros ($1.01 billion) by 2021.

German economy minister slams `irresponsible` Deutsche Bank

German Economy Minister Sigmar Gabriel on Sunday lashed out at Deutsche Bank`s handling of its troubles, saying "irresponsible" managers had put thousands of jobs at risk.

 Italy indicts top ex-bankers over derivatives scandal Italy indicts top ex-bankers over derivatives scandal

Thirteen top officials from Banca Monte dei Paschi di Siena (BMPS), Deutsche Bank and Nomura are to go on trial in Milan for their alleged role in a long-running derivatives scandal, Italian newspapers reported Sunday.

China's Yuan joins elite club of IMF reserve currencies China's Yuan joins elite club of IMF reserve currencies

China`s yuan joins the International Monetary Fund`s basket of reserve currencies on Saturday in a milestone for the government`s campaign for recognition as a global economic power.

Chinese yuan set to be inducted into IMF currency basket Chinese yuan set to be inducted into IMF currency basket

China`s yuan is poised to enter the International Monetary Fund`s elite SDR basket of currencies, raising Beijing`s banknotes to the status of global reserve asset.

Bank of Japan plans measures to meet inflation target Bank of Japan plans measures to meet inflation target

The Bank of Japan is preparing a long-term strategy to achieve its inflation target, according to a report released on Friday.

Oil prices fall as investors cash in on OPEC deal rally Oil prices fall as investors cash in on OPEC deal rally

Oil prices fell on Friday as investors cashed in on a 6-percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide.

Eurozone inflation hits two-year high Eurozone inflation hits two-year high

 Eurozone consumer prices rose to a near two-year high of 0.4 percent in September, data showed Friday, offering hope that a disputed programme by the ECB to stimulate the economy may be delivering.

Pakistan stocks nosedive after surgical strikes by India Pakistan stocks nosedive after surgical strikes by India

Pakistani stock markets on Thursday nosedived following reports that India carried out surgical strikes against terror bases across the LoC.

Apple sets up R&D centre in Beijing

Apple has established its first directly invested research and development centre in China at a total investment of USD 50 million to develop advanced technologies.

Fed's dilemma: Hike or not! Fed's dilemma: Hike or not!

With a potentially volatile US presidential election and two months of economic data still to come, the Fed policymakers are engrossed in a dilemma – whether to go for a rate hike or maintain status quo. As of now, they seem to be hovering anywhere in between in the confused territory.

Global M&A drops to $2.50 tn in Jan-Sep of 2016

After three consecutive yearly increases, global M&A fell to USD 2.50 trillion in January-September of this year, says a report.