International Business News

GE to spin off its healthcare biz; separate Baker Hughes

GE to spin off its healthcare biz; separate Baker Hughes

The company plans to fully separate its 62.5 percent interest in BHGE, which it bought in July 2017.

Jun 26, 2018, 16:27 PM IST
Allowing women to drive could help Saudi Arabia gain $90 billion

Allowing women to drive could help Saudi Arabia gain $90 billion

Access to wheels means increased mobility which in turn could see more economic participation from women in the country.

Jun 26, 2018, 07:09 AM IST
India hits back at US with higher import duties on farm, steel products

India hits back at US with higher import duties on farm, steel products

India`s move came a day after the EU`s decision to charge higher import duties on a range of US products.

Jun 21, 2018, 13:13 PM IST
Amazon, Berkshire, JPMorgan name Indian-origin Atul Gawande CEO of healthcare venture

Amazon, Berkshire, JPMorgan name Indian-origin Atul Gawande CEO of healthcare venture

Amazon and its partners say they will use big-data analysis and other high-tech tools to improve care and cut wasteful spending.

Jun 21, 2018, 09:51 AM IST
Australian telecom Telstra to axe 8,000 jobs to save $740 mn

Australian telecom Telstra to axe 8,000 jobs to save $740 mn

Telstra shares fell more than 7 percent in early trading on the Australian stock market after the announcement to AUSD2.70, its lowest price since 2011.

Jun 20, 2018, 16:17 PM IST
China's Xiaomi plans to raise up to $6.1 billion in Hong Kong IPO

China's Xiaomi plans to raise up to $6.1 billion in Hong Kong IPO

Xiaomi reportedly plans to sell about 2.18 billion shares at a price range of HK$17 to HK$22 ($2.17-$2.80) each.

Jun 20, 2018, 14:11 PM IST
Dow futures slid 370 points as US-China trade war intensifies

Dow futures slid 370 points as US-China trade war intensifies

Trump on Friday announced tariffs on $50 billion of Chinese imports, starting on July 6.

Jun 19, 2018, 16:46 PM IST
Audi CEO Rupert Stadler arrested over Volkswagen emissions cheating scandal

Audi CEO Rupert Stadler arrested over Volkswagen emissions cheating scandal

VW group's management named Dutchman Bram Schot, who joined VW in 2011, to take over from Stadler as interim CEO.

Jun 19, 2018, 11:32 AM IST
All you need to know about Dhivya Suryadevara –the first woman CFO of General Motors

All you need to know about Dhivya Suryadevara –the first woman CFO of General Motors

India-born Suryadevara will report to Chief Executive Officer (CEO) Mary Barra, who has been head of the automaker since 2014.

Jun 14, 2018, 14:52 PM IST
Indian-origin Dhivya Suryadevara to become first woman CFO of  General Motors

Indian-origin Dhivya Suryadevara to become first woman CFO of General Motors

Suryadevara, currently the vice president of corporate finance, will succeed Chuck Stevens, the GM's present CFO, on September 1.

Jun 14, 2018, 13:36 PM IST
Federal Reserve raises rates amid stronger inflation, drops crisis-era guidance

Federal Reserve raises rates amid stronger inflation, drops crisis-era guidance

The Fed has raised rates seven times since late 2015 on the back of the economy`s continuing expansion and solid job growth, rendering the language of its previous policy statements outdated.

Jun 14, 2018, 10:51 AM IST
Uber hires Facebook's product director as its driver product head

Uber hires Facebook's product director as its driver product head

Uber has been without a head of driver product since Aaron Schildkrout left in December, after a three-year stint with the company.

Jun 14, 2018, 10:29 AM IST
Tesla cutting 9% of jobs across the company, says Elon Musk

Tesla cutting 9% of jobs across the company, says Elon Musk

Tweeting pictures of an email he said had been leaked to media, Musk said that the cuts were part of a simplification of Tesla`s management structure promised last month.

Jun 13, 2018, 12:32 PM IST
HSBC to invest $15-17 billion by 2020 as strategy pivots to growth

HSBC to invest $15-17 billion by 2020 as strategy pivots to growth

The update marks a definitive pivot in HSBC`s post-2008 crisis strategy, from cost-cutting and restructuring to investment and expansion as it seeks to improve returns.

Jun 11, 2018, 14:47 PM IST
Xiaomi logs $1 billion first-quarter loss but record overseas revenue ahead of IPO

Xiaomi logs $1 billion first-quarter loss but record overseas revenue ahead of IPO

Expectations of a highly sought after IPO have grown after Xiaomi, founded only eight years ago, blew past its 100 billion yuan ($15.6 billion) sales target for 2017 with a couple of months to spare.

Jun 11, 2018, 14:43 PM IST
Google faces $11bn fine in second EU anti-trust case

Google faces $11bn fine in second EU anti-trust case

In 2017, EU antitrust investigators fined Google $2.7 billion for violations pertaining to its treatment of comparison shopping services.

Jun 07, 2018, 12:50 PM IST
Goldman Sachs vice president charged with insider trading

Goldman Sachs vice president charged with insider trading

The US Securities and Exchange Commission on Thursday charged a vice president at Goldman Sachs Group Inc with insider trading.

May 31, 2018, 21:59 PM IST
US to slap tariffs on steel, aluminum from EU on Thursday

US to slap tariffs on steel, aluminum from EU on Thursday

The two sources briefed on the matter said the decision would land before a Friday expiration deadline for exemptions to the planned tariffs.

May 31, 2018, 13:04 PM IST
Uber, Waymo in talks about self-driving partnership - Uber CEO

Uber, Waymo in talks about self-driving partnership - Uber CEO

Waymo plans to roll out an app-based service this year offering rides to passengers in a fully self-driving Waymo car with no driver.

May 31, 2018, 11:57 AM IST
Singapore Airlines to launch world's longest commercial flight in October

Singapore Airlines to launch world's longest commercial flight in October

Singapore Airlines is Airbus` first and to date only customer for the A350-900ULR, an ultra-long range version of the fuel-efficient twin-engine A350 jet.

May 30, 2018, 11:46 AM IST

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