International Business News

LG Electronics reports highest first-quarter profit since 2009

LG Electronics reports highest first-quarter profit since 2009

Revenue rose 3.2 percent from a year ago to 15.1 trillion won.

Apr 26, 2018, 13:09 PM IST
Nintendo annual profits soar 36% to $1.27bn on Switch sales

Nintendo annual profits soar 36% to $1.27bn on Switch sales

Nintendo said its net profit for the year to March reached 139.6 billion yen ($1.27 billion), beating its own expectations after it has repeatedly raised annual targets.

Apr 26, 2018, 13:06 PM IST
Profits up at Facebook, with no impact from privacy scandal

Profits up at Facebook, with no impact from privacy scandal

The number of people using Facebook monthly climbed 13 percent from last year to 2.2 billion as of the end of March.

Apr 26, 2018, 10:12 AM IST
Amazon, Google trading suspended on NYSE

Amazon, Google trading suspended on NYSE

The other companies are Booking Holdings, Zion Oil and Gas Equity Warrants.

Apr 26, 2018, 09:40 AM IST
Xiaomi promises to cap hardware income margin ahead of IPO

Xiaomi promises to cap hardware income margin ahead of IPO

The promise comes as the company is looking to market its internet services business to investors ahead of an IPO that could potentially value the smartphone maker at $100 billion.

Apr 25, 2018, 15:02 PM IST
Trump administration plans to end work permits for H-1B visa spouses

Trump administration plans to end work permits for H-1B visa spouses

The move to end the Obama-era rule could have an impact on more than 70,000 H-4 visas holders, who have work permits.

Apr 24, 2018, 16:14 PM IST
Google CEO Sundar Pichai to get stock award of over Rs 2,524 crore this week

Google CEO Sundar Pichai to get stock award of over Rs 2,524 crore this week

This stock award is touted to be one of the largest single payouts to a public company executive in recent years.

Apr 24, 2018, 10:46 AM IST
Raghuram Rajan named by FT as possible candidate for Bank of England top job

Raghuram Rajan named by FT as possible candidate for Bank of England top job

It said that UK Chancellor and Exchequer Philip Hammond is starting the process to select the next Governor of the Bank of England to replace Mark Carney in 2019.

Apr 23, 2018, 18:13 PM IST
ComScore appoints Bryan Wiener as new CEO

ComScore appoints Bryan Wiener as new CEO

Bill Livek, comScore’s current executive vice chairman and president, has been promoted as vice chairman of the board and special advisor to the CEO.

Apr 23, 2018, 17:45 PM IST
Woman fined $500 for taking an apple in carry-on baggage

Woman fined $500 for taking an apple in carry-on baggage

As per US Customs and Border Protection rules, passengers must declare agriculture items at the port of entry in Minneapolis, including fresh fruits.

Apr 23, 2018, 11:15 AM IST
P&G to buy German Merck's consumer health unit for $4.2 billion

P&G to buy German Merck's consumer health unit for $4.2 billion

About 3,300 Merck employees, mainly from the consumer health unit, could move to P&G upon completion of the transaction.

Apr 19, 2018, 12:29 PM IST
Qualcomm begins layoffs to cut annual costs by $1 billion

Qualcomm begins layoffs to cut annual costs by $1 billion

Qualcomm said it offered affected employees severance packages.

Apr 19, 2018, 09:51 AM IST
Amazon launches international shopping from United States

Amazon launches international shopping from United States

It will allow customers to shop in 25 currencies, with more languages and currencies to be added in 2018.

Apr 18, 2018, 17:26 PM IST
Global growth expected be 3.9 percent in 2018 and 2019: IMF

Global growth expected be 3.9 percent in 2018 and 2019: IMF

The IMF on Tuesday projected a global growth of 3.9 percent in the next two years.

Apr 17, 2018, 20:02 PM IST
Jaguar Land Rover to cut UK staff, output as diesel sales slump

Jaguar Land Rover to cut UK staff, output as diesel sales slump

The company, which builds nearly one in three of Britain`s 1.7 million cars, will lay off some of its agency workers at its central English Solihull site and move just over 360 people to the location

Apr 16, 2018, 16:51 PM IST
ECB asks Deutsche Bank to gauge investment banking exit costs: Source

ECB asks Deutsche Bank to gauge investment banking exit costs: Source

Germany`s biggest lender has been calculating the financial effects of a potential move to quit investment banking for some time, and the move is not related to the switch in Deutsche Bank`s top

Apr 16, 2018, 16:45 PM IST
IMF head warns China on exporting debt through 'Silk Road'

IMF head warns China on exporting debt through 'Silk Road'

Lagarde made the comments at a Beijing forum on Chinese President Xi Jinping's signature Belt and Road initiative, a USD 1 trillion road, rail and construction project spanning dozens of countries

Apr 12, 2018, 17:31 PM IST
Apple asked to pay $500mn in patent suit

Apple asked to pay $500mn in patent suit

The original suit was filed in 2010 by VirnetX.

Apr 12, 2018, 15:31 PM IST
Twitter CEO Jack Dorsey takes zero salary in 2017

Twitter CEO Jack Dorsey takes zero salary in 2017

Dorsey, however, has shares whose value went up 20 percent since the beginning of 2018.

Apr 12, 2018, 12:10 PM IST
IMF's Lagarde: Trade protectionism threatens economic growth

IMF's Lagarde: Trade protectionism threatens economic growth

Trump last month imposed steep tariffs on steel and aluminum imports, and announced pending tariffs on $50 billion in Chinese goods in retaliation for alleged theft of intellectual property.

Apr 11, 2018, 13:35 PM IST

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