International Business News

Oil prices reach highest since November 2014 on Venezuela, Iran worries

Oil prices reach highest since November 2014 on Venezuela, Iran worries

The concerns added to worries over a looming decision on whether the United States will walk away from a deal with Iran and instead re-imposes sanctions on Tehran, keeping international oil markets

May 07, 2018, 10:36 AM IST
Ex-Volkswagen CEO Winterkorn charged in US over diesel scandal

Ex-Volkswagen CEO Winterkorn charged in US over diesel scandal

Winterkorn resigned days after the scandal over polluting vehicles in the United States became public in September 2015.

May 04, 2018, 15:59 PM IST
Tesla posts $3.4 bn in revenue, aims 5,000 cars a week

Tesla posts $3.4 bn in revenue, aims 5,000 cars a week

Tesla`s cash balance dropped but the US-based electric vehicle automaker ended with $2.7 billion in cash.

May 03, 2018, 12:25 PM IST
Xiaomi files for mega Hong Kong IPO, lifts lid on financials

Xiaomi files for mega Hong Kong IPO, lifts lid on financials

CLSA, Morgan Stanley and Goldman Sachs Group Inc are sponsoring Xiaomi`s IPO.

May 03, 2018, 09:50 AM IST
Xerox CEO to resign in settlement with top shareholders

Xerox CEO to resign in settlement with top shareholders

According to the Xerox statement CEO Jeff Jacobson is expected to be replaced by Keith Cozza as board chairman and John Visentin as CEO -- candidates supported by the two shareholders.

May 02, 2018, 11:49 AM IST
Apple surprises with solid iPhone sales, announces $100 billion buyback

Apple surprises with solid iPhone sales, announces $100 billion buyback

Apple bought $23.5 billion of stock in the March quarter, and said it planned to hike its dividend 16 percent, compared with a 10.5 percent increase last year.

May 02, 2018, 09:14 AM IST
US delays steel, aluminum tariffs for EU, Canada, Mexico

US delays steel, aluminum tariffs for EU, Canada, Mexico

President Donald Trump has signed a proclamation to delay the implementation of tarriffs.

May 01, 2018, 14:04 PM IST
Alibaba, Baidu under fire for posting gender discriminatory job advertisements

Alibaba, Baidu under fire for posting gender discriminatory job advertisements

These discriminatory hiring practices are linked to a shrinking proportion of women in the labor force.

Apr 26, 2018, 15:13 PM IST
Nokia posts sharp quarterly profit fall, sees 5G accelerating

Nokia posts sharp quarterly profit fall, sees 5G accelerating

Most of the profit was generated by the company`s profitable patent licensing business, which grew 136 percent.

Apr 26, 2018, 13:10 PM IST
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

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