International Business News

Novartis to buy US gene therapy group AveXis for $8.7 billion

Novartis to buy US gene therapy group AveXis for $8.7 billion

It said the all-cash deal was approved unanimously by the boards of both firms.

Apr 09, 2018, 12:17 PM IST
Deutsche Bank picks retail specialist Christian Sewing as CEO

Deutsche Bank picks retail specialist Christian Sewing as CEO

His promotion comes as the bank and its major shareholders debate the path forward for Deutsche`s investment banking unit, where revenues have slowed and key staff defected.

Apr 09, 2018, 11:27 AM IST
Up to 2.7 million Europeans affected by Facebook data scandal: EU

Up to 2.7 million Europeans affected by Facebook data scandal: EU

The EU wrote to Facebook last week to ask how many Europeans were affected by the growing scandal over the harvesting of personal data which was then shared with British political consultancy

Apr 06, 2018, 16:31 PM IST
Explained: US-China Trade fight and what happens next

Explained: US-China Trade fight and what happens next

The US has voiced willingness to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed US tariffs.

Apr 05, 2018, 11:50 AM IST
Apple hires Google's Artificial Intelligence chief

Apple hires Google's Artificial Intelligence chief

Giannandrea, who took the role of Senior Vice President of Engineering at Google from Amit Singhal in early 2016, will report directly to Cook.

Apr 04, 2018, 16:28 PM IST
China retaliates for US tariffs, slaps duties on soybeans, planes, autos

China retaliates for US tariffs, slaps duties on soybeans, planes, autos

The effective date will depend on when the US action takes effect.

Apr 04, 2018, 15:07 PM IST
Fed watching for financial shocks as risks build: Brainard

Fed watching for financial shocks as risks build: Brainard

US stock markets remain near record highs despite a sharp increase in volatility this year, brought on in part by uncertainty over how the Fed might react to the fiscal boost and an economy that is

Apr 04, 2018, 11:56 AM IST
Wall Street slides on tech rout, Nasdaq erases 2018 gains

Wall Street slides on tech rout, Nasdaq erases 2018 gains

A selloff in technology majors deepened on Monday, wiping out the tech-heavy Nasdaq index`s gains for the year.

Apr 03, 2018, 00:20 AM IST
Amazon shares fall 6 percent on Nasdaq as US President Donald Trump renews attack

Amazon shares fall 6 percent on Nasdaq as US President Donald Trump renews attack

US President Donald Trump Trump has been accusing Amazon of massive tax evasion and causing unspecified financial loss to the US Postal Service. 

Apr 03, 2018, 00:08 AM IST
Toughest ever H-1B visa application process begins amidst unprecedented scrutiny

Toughest ever H-1B visa application process begins amidst unprecedented scrutiny

H-1B is considered as the most sought-after work visa among highly-skilled Indian professionals.

Apr 02, 2018, 12:06 PM IST
SoftBank Vision Fund, Saudi Arabia to create world's biggest solar power firm

SoftBank Vision Fund, Saudi Arabia to create world's biggest solar power firm

Saudi Arabia`s Vision 2030 reform plan, which aims to reduce the country`s economic dependence on oil, was a good match for the fund`s long-term vision for innovation.

Mar 28, 2018, 14:43 PM IST
GSK buys Novartis stake in consumer healthcare venture for $13 billion

GSK buys Novartis stake in consumer healthcare venture for $13 billion

The deal is set to complete in the second quarter subject to the necessary approvals.

Mar 27, 2018, 14:37 PM IST
Wall Street posts biggest one-day gain in 2-1/2 years as trade-war fears ebb

Wall Street posts biggest one-day gain in 2-1/2 years as trade-war fears ebb

Wall Street`s three major indexes jumped to their greatest one-day gain in two-and-a-half years on Monday, led by the tech sector, as trade war fears eased on reports that the United States and China

Mar 27, 2018, 06:24 AM IST
Uber exits SE Asia in new retreat from global markets

Uber exits SE Asia in new retreat from global markets

Grab has long been the dominant force in ride-hailing in Southeast Asia and speculation mounted that a deal with Uber was on the cards after Japanese financial titan Softbank invested huge sums in

Mar 26, 2018, 10:01 AM IST
China launches first ever yuan-denominated oil futures contract; posts more than 6% jump

China launches first ever yuan-denominated oil futures contract; posts more than 6% jump

China launched its first ever yuan-denominated oil futures contract in Shanghai on Monday, marking the first time foreign investors will have access to Chinese commodity futures as the world`s top

Mar 26, 2018, 08:53 AM IST
Elon Musk deletes Facebook pages of Tesla, SpaceX after challenged on Twitter

Elon Musk deletes Facebook pages of Tesla, SpaceX after challenged on Twitter

Facebook pages of SpaceX and Tesla, which had millions of followers, are no longer accessible.

Mar 24, 2018, 00:04 AM IST
Chinese stock markets open down 3% after launch of trade war with US

Chinese stock markets open down 3% after launch of trade war with US

China has announced a list of US goods including pork and aluminium pipe it says may be hit by higher tariffs in response to President Donald Trump's higher import duties on steel and aluminium.

Mar 23, 2018, 07:53 AM IST
China partially wins WTO case over Obama-era US tariffs

China partially wins WTO case over Obama-era US tariffs

China went to the WTO in 2012 to challenge US anti-subsidy tariffs on Chinese exports including solar panels, wind towers, steel cylinders and aluminium extrusions.

Mar 22, 2018, 07:28 AM IST
US bond market signals inflation on slow simmer

US bond market signals inflation on slow simmer

Earlier this month, the five-year, 10-year and 30-year TIPS breakeven rates hit 2.15 percent, 2.13 percent and 2.13 percent, respectively, their highest levels since December 2015.

Mar 22, 2018, 07:27 AM IST
Federal Reserve raises rates, signals confidence in strengthening economy

Federal Reserve raises rates, signals confidence in strengthening economy

The Federal Reserve raised interest rates on Wednesday.

Mar 22, 2018, 00:12 AM IST

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