International Business News

Brent oil rises for second day after Middle East tanker attacks

Brent oil rises for second day after Middle East tanker attacks

The attacks near Iran and the Strait of Hormuz pushed oil prices up as much as 4.5% on Thursday, putting the brakes on a slide in prices in recent weeks over concerns about global demand. US crude. 

Jun 14, 2019, 14:53 PM IST
US blames Iran for tanker attacks in Gulf of Oman, Iran rejects assertion

US blames Iran for tanker attacks in Gulf of Oman, Iran rejects assertion

Crude oil prices spiked more than 4% after the attacks near the entrance to the Strait of Hormuz, a crucial shipping artery for Saudi Arabia and other Gulf energy producers.

Jun 14, 2019, 10:07 AM IST
China led AIIB could overtake ADB as major financier of infra projects:Experts

China led AIIB could overtake ADB as major financier of infra projects:Experts

With China continuing its financial assertiveness across the globe through its various infrastructure projects like the One Belt One Road (OBOR) strategic initiative, the AIIB funding is the logical

Jun 13, 2019, 18:06 PM IST
OPEC cuts 2019 oil demand growth forecast, sees more downside risk

OPEC cuts 2019 oil demand growth forecast, sees more downside risk

World oil demand will rise by 1.14 million barrels per day this year, 70,000 bpd less than previously expected, the Organization of the Petroleum Exporting Countries said in a monthly report.

Jun 13, 2019, 17:46 PM IST
China launches Nasdaq-style tech board in Shanghai

China launches Nasdaq-style tech board in Shanghai

China`s top securities regulator Yi Huiman announced the new market at a financial forum in the city.

Jun 13, 2019, 10:09 AM IST
Google earned $4.7 billion in revenue from news in 2018: Study

Google earned $4.7 billion in revenue from news in 2018: Study

Google made this revenue via search and Google News, the study found.

Jun 11, 2019, 13:54 PM IST
Donald Trump targets India for imposing 50% tariff on US motorcycles

Donald Trump targets India for imposing 50% tariff on US motorcycles

Donald Trump claims that his one phone call to PM Narendra Modi got India to reduce tariff from 100% to 50% on Harley Davidson motorcycles. "Even this is not enough."

Jun 11, 2019, 06:39 AM IST
Pakistan to miss all key economic targets: Report

Pakistan to miss all key economic targets: Report

Livestock is the only sector with a positive story. Every other major sector - industrial, manufacturing, agricultural and service - is faring far below the intended targets.

Jun 09, 2019, 13:59 PM IST
Jeff Bezos buying prime Manhattan properties for $80mn

Jeff Bezos buying prime Manhattan properties for $80mn

The recently-divorced 55-year-old multi-billionaire is purchasing the top floors of a NoMad apartment building, the New York Post reported on Tuesday.

Jun 05, 2019, 15:15 PM IST
Nirmala Sitharaman to attend G-20 Finance Ministers' meeting in Japan

Nirmala Sitharaman to attend G-20 Finance Ministers' meeting in Japan

Besides Sitharaman, RBI Governor Shaktikanta Das is also likely to attend the meeting at Fukuoka in Japan.

Jun 05, 2019, 11:41 AM IST
10% drop in H1B visa approvals in 2018: US authorities

10% drop in H1B visa approvals in 2018: US authorities

The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.

Jun 05, 2019, 11:28 AM IST
Oil drops 1%, set for biggest monthly fall since November as trade wars spreads

Oil drops 1%, set for biggest monthly fall since November as trade wars spreads

Front-month Brent crude futures, the international benchmark for oil prices, were at $65.97 at 0639 GMT, down by 90 cents, or 1.4%, from last session`s close.

May 31, 2019, 14:00 PM IST
Will Mark Zuckerberg step down as Facebook CEO? Leadership vote to decide

Will Mark Zuckerberg step down as Facebook CEO? Leadership vote to decide

The chorus is growing against Zuckerberg to step down as Chairman as the company under his leadership has failed to curb privacy violations.

May 30, 2019, 10:55 AM IST
Huawei launches 5G lab in South Korea, but keeps event low-key after US ban

Huawei launches 5G lab in South Korea, but keeps event low-key after US ban

The Chinese tech giant, the world`s top producer of telecoms equipment, said it planned to invest about $5 million in the lab in the Junggu district of Seoul. It did not provide any more details on

May 30, 2019, 10:17 AM IST
MacKenzie Bezos to give half of $37 bn alimony to charity

MacKenzie Bezos to give half of $37 bn alimony to charity

The Bezos couple finalised their divorce in April in what was reported as the biggest divorce settlement in history entitling MacKenzie Bezos to Amazon stocks worth around $36 billion to $37 billion.

May 29, 2019, 16:15 PM IST
Walmart taps ex-Google, Amazon employee Suresh Kumar as new chief technology officer

Walmart taps ex-Google, Amazon employee Suresh Kumar as new chief technology officer

Kumar most recently worked as a vice president and general manager of display, video, app ads and analytics at Google. He will directly report to the retailer`s Chief Executive Doug McMillon, Walmart

May 29, 2019, 14:47 PM IST
Huawei challenges legality of US defence bill as sanctions fight ramps up

Huawei challenges legality of US defence bill as sanctions fight ramps up

The motion, filed late on Tuesday in the U.S. District Court for the Eastern District of Texas, asks to declare the 2019 National Defense Authorization Act (NDAA) unconstitutional in an update to a

May 29, 2019, 12:16 PM IST
Alibaba plans $20 billion blockbuster Hong Kong listing: sources

Alibaba plans $20 billion blockbuster Hong Kong listing: sources

The deal, which would be the sixth-biggest follow-on share sale ever, would give Alibaba a war chest to keep investing in technology - a priority for China as growth flags and as the world`s second-

May 28, 2019, 10:16 AM IST
885 mn bank transactions, social security numbers leaked

885 mn bank transactions, social security numbers leaked

According to KrebsOnSecurity.com, a website that covers computer security and cyber crime, the real estate title insurance giant leaked hundreds of millions of documents related to mortgage deals

May 25, 2019, 13:40 PM IST
Huawei shipments could fall by up to a quarter this year

Huawei shipments could fall by up to a quarter this year

Smartphone shipments at Huawei, the world`s second-largest smartphone maker by volume, could tumble between 4% and 24% in 2019 if the ban stays put, according to Fubon Research and Strategy Analytics

May 25, 2019, 10:07 AM IST