International Business News

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
Saudi Aramco to buy 50% stake in $44-bn oil refinery in Maharashtra

Saudi Aramco to buy 50% stake in $44-bn oil refinery in Maharashtra

State-owned IOC, BPCL and HPCL will hold the remaining 50 percent stake in the project.

Apr 11, 2018, 13:15 PM IST
Brent crude oil prices near 4-year high

Brent crude oil prices near 4-year high

Brent crude futures rose to $71.09 per barrel at 0104 GMT, up 7 cents from their last close. Brent surged more than 3 percent on Tuesday to hit its highest level since late 2014, at $71.34 a barrel.

Apr 11, 2018, 10:11 AM IST
Mark Zuckerberg testifies before Congress over data scandal: Full text of his testimony

Mark Zuckerberg testifies before Congress over data scandal: Full text of his testimony

Facebook is currently embroiled in a widening scandal that a British data firm called Cambridge Analytica had improperly gathered detailed Facebook information on 87 million users, up from a previous

Apr 11, 2018, 09:58 AM IST
Mark Zuckerberg rules out resigning over Facebook data breach

Mark Zuckerberg rules out resigning over Facebook data breach

In an interview to Atlantic Magazine, Zuckerberg ruled out resigning from the post.

Apr 10, 2018, 15:12 PM IST
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

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