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Top US CEOs call for overhaul of corporate tax code

A group of 16 powerful CEOs in the US today called for an overhaul of the corporate tax code and asked lawmakers to accept the controversial proposal that would reduce cost of exports but heavily penalise imports.

Yahoo slashes price of Verizon deal $350 mn after data breaches Yahoo slashes price of Verizon deal $350 mn after data breaches

Yahoo slashed the price of the sale of its core Internet business to Verizon by $350 million following a pair of major data breaches at Yahoo, the two companies announced Tuesday.

HSBC warns of risks to world economic growth as profit dives

In the most recent quarter, HSBC's net loss widened to USD 4.2 billion from USD 1.3 billion in the same period the previous year.

HSBC says 2016 net profit plunged 82% to $2.48billion HSBC says 2016 net profit plunged 82% to $2.48billion

Global banking giant HSBC said Tuesday that net profit for 2016 fell 82 percent from the previous year, calling it a period remembered for its "largely unexpected economic and political events".

Petronas considers $1 billion stake sale in offshore gas project

Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion as it seeks to raise cash and cut development costs, two sources familiar with the matter said.

Amazon plans 5,000 new jobs in UK Amazon plans 5,000 new jobs in UK

Global e-commerce giant Amazon on Monday said it would create 5,000 full-time jobs in the UK this year as part of a new employment drive, demonstrating strong confidence in the British economy ahead of Brexit.

Alibaba partners with state-owned retail conglomerate group Alibaba partners with state-owned retail conglomerate group

Alibaba and a Shanghai-based state-owned retail conglomerate today announced a rare private-public strategic alliance to push forward partnership for creating a new shopping scenario.

Kraft walks away from ''friendly'' bid for Unilever Kraft walks away from ''friendly'' bid for Unilever

U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.

UAE seals deal with China's CNPC for onshore oil project UAE seals deal with China's CNPC for onshore oil project

The Abu Dhabi National Oil Company says CNPC will pay an initial USD 1.77 billion for the concession operated by the Abu Dhabi Company for Onshore Petroleum Operations, also known as ADCO.

China's 4G users reached 770 million by 2016 end China's 4G users reached 770 million by 2016 end

Chinese 4G users reached 770 million by the end of 2016, accounting for 58 percent of all the country`s mobile phone users, an official said here.

Mark Zuckerberg hails Modi for connecting with masses via Facebook Mark Zuckerberg hails Modi for connecting with masses via Facebook

As India conducts assembly elections in five states, Facebook CEO Mark Zuckerberg has applauded Prime Minister Narendra Modi`s style of working using the social networking platform to establish a meaningful dialogue between the people and the government.

No major impact on Indian banks in UK post-Brexit: SBI UK chief

There will be no major impact on Indian banking operations in the UK post-Brexit and the British capital will continue to be the global "financial hub", according to the UK chief of State Bank of India.

Demonetisation drive in India had 'significant impact' on PepsiCo's business in Q4: Indra Nooyi Demonetisation drive in India had 'significant impact' on PepsiCo's business in Q4: Indra Nooyi

The demonetisation drive in India had a "significant impact" on PepsiCo's business in the country in the last quarter of 2016 and there are still "lingering effects" of it, according to the food-and-beverage giant's India-born CEO Indra Nooyi.

Gold turns firm despite strong US data, Yellen rate hike hints Gold turns firm despite strong US data, Yellen rate hike hints

Gold rose as the dollar came off its highs on Wednesday, shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises.

US man who helped Indian call center banned from telemarketing US man who helped Indian call center banned from telemarketing

The US Federal Trade Commission (FTC) on Wednesday announced to ban a Florida man from helping any telemarketers, as he allegedly collected more than USD 1.3 million from about 3,000 consumers in a scheme that helped Indian call center collect money from victims of IRS scam.

US inflation hits fastest pace in 4 years

US consumer prices in January rose at their fastest pace in nearly four years, a fresh sign that a pickup in inflation may be approaching, Labor Department figures showed Wednesday.

Verizon close to Yahoo deal, price cut of $250-350 million Verizon close to Yahoo deal, price cut of $250-350 million

Verizon Communications Inc is close to a revised deal to buy Yahoo Inc`s core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter.

Five reasons the Greek debt crisis is back Five reasons the Greek debt crisis is back

Greece, the eurozone and IMF are in a three-way Mexican stand-off over a review of the country`s 86 billion bailout agreed in July 2015, its third since 2010.

 Oil dips over doubts high OPEC compliance with agreed cuts will last Oil dips over doubts high OPEC compliance with agreed cuts will last

Oil prices dipped on Wednesday over concerns that OPEC producers would not be able to maintain their high compliance so far with output cuts aimed at reining in a global fuel supply overhang.

Inflation in Britain highest since 2014: ONS Inflation in Britain highest since 2014: ONS

Inflation in Britain has reached a record high of 1.8 percent since 2014 in January, on the rising fuel price, the Office for National Statistics (ONS) has said.