International Business News

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
WhatsApp co-founder asks everyone to delete Facebook over privacy scandal

WhatsApp co-founder asks everyone to delete Facebook over privacy scandal

In 2014, Facebook bought WhatsApp for a whopping USD 19 billion, making it the company's largest acquisition.

Mar 21, 2018, 12:15 PM IST
Amazon is now second most valuable US listed company, tops Alphabet

Amazon is now second most valuable US listed company, tops Alphabet

Together, Alphabet and Facebook dominate online advertising.

Mar 21, 2018, 07:42 AM IST
Federal Reserve set to raise rates as Powell era begins

Federal Reserve set to raise rates as Powell era begins

The Fed also will update its forecasts for the economy and how aggressively officials think the central bank will have to act in coming years.

Mar 21, 2018, 07:12 AM IST
Global Markets: Caution creeps into Asian trading ahead of Fed decision

Global Markets: Caution creeps into Asian trading ahead of Fed decision

Global shares rallied for all of 2017 but have started this year on the back foot, hit by a combination of factors including the risk of faster rate rises in the United States and alarm over

Mar 21, 2018, 06:57 AM IST
Facebook data breach scandal: Mark Zuckerberg's net worth drops by $5.1 billion in less than a day

Facebook data breach scandal: Mark Zuckerberg's net worth drops by $5.1 billion in less than a day

Zuckerberg, who owns about 16 percent of Facebook's shares, is now worth an estimated USD 69.6 billion.

Mar 20, 2018, 11:33 AM IST
MG Motor India to invest Rs 5,000 cr over 5-6 years

MG Motor India to invest Rs 5,000 cr over 5-6 years

The first product that MG Motor will roll out in India next year will be an SUV.

Mar 20, 2018, 10:16 AM IST
When Dell founder convinced his parents to let him drop out of college using a financial statement

When Dell founder convinced his parents to let him drop out of college using a financial statement

Michael Dell shared the first financial statement of his company dated July 31, 1984.

Mar 20, 2018, 08:36 AM IST
Global stocks on longest slide since November as Fed caution hits

Global stocks on longest slide since November as Fed caution hits

Facebook shares slumped 3.7 percent in premarket trading after reports that 50 million of its users` data had been misused by a political consultancy firm ahead of the 2016 U.S. election and Brexit

Mar 20, 2018, 07:20 AM IST
Protectionism could harm G20 economic growth, must be avoided: EU

Protectionism could harm G20 economic growth, must be avoided: EU

Moscovici said protectionism could damage growth and the principles of free trade of the World Trade Organisation.

Mar 20, 2018, 06:58 AM IST
IMF chief Christine Lagarde warns 'no winners' in trade wars

IMF chief Christine Lagarde warns 'no winners' in trade wars

She said the global economy is in good shape, with 3.9 per cent growth projected this year as well as higher levels of investor confidence.

Mar 19, 2018, 09:52 AM IST
Guard against trade protectionism: IMF chief Christine Lagarde to policymakers

Guard against trade protectionism: IMF chief Christine Lagarde to policymakers

IMF chief warning comes as finance ministers and central bank governors from the G20 prepare to meet in Buenos Aires, Argentina.

Mar 16, 2018, 08:40 AM IST
White House indicates more US actions against Chinese imports

White House indicates more US actions against Chinese imports

The US has some USD 500 billion trade deficit with China.

Mar 15, 2018, 22:01 PM IST

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