Oil slump leads Wall Street to worst week in 2-1/2 years
Dec 14, 2014 at 23:30 | Source:
NEW YORK (Reuters) - U.S. stocks fell sharply on Friday, leaving the benchmark S&P 500 with its worst weekly performance since May 2012, as investors pulled back from the markets in response to oil's free-fall and more weak data out of China.Oil'...
Virgin America shares surge on US stock market debut
Nov 15, 2014 at 02:27 | Source:
Shares in Richard Branson's Virgin America airline surged more than 30% in their first day of trading on the Nasdaq stock exchange in New York. Mr Branson owns nearly 25% of the company, which is an offshoot of his London-based Virgin Group. Vir...
Danish ship fuel supplier OW Bunker goes bankrupt
Nov 08, 2014 at 04:42 | Source:
The world's largest ship fuel supplier, OW Bunker, has filed for bankruptcy after alleged fraud. The company's troubles came to light earlier this week when it discovered suspected fraud by senior employees in a Singapore-based subsidiary. ...
Internet search giant Baidu misses profit forecasts
Oct 30, 2014 at 08:47 | Source:
Profits and revenues from China's dominant internet search giant Baidu have missed analysts' forecasts. In the three months to the end of September, net income rose 27% to 3.88bn yuan (£396m) and revenues jumped 52% to 13.5bn yuan. But tha...
Share prices slide as 'perfect storm' threatens markets
Oct 16, 2014 at 23:17 | Source:
US shares crept lower on Thursday, tracking big losses on European and Asian stock markets. Wall Street's Dow Jones, S P 500 and Nasdaq indexes declined but recovered some ground after falling almost 1% on continuing concerns about global econom...
Asian shares higher despite China data
Oct 15, 2014 at 12:42 | Source:
Asian shares were higher following US gains despite inflation data from China showing the economy is slowing. The S P 500 and Nasdaq closed higher, shrugging off more negative news from Europe. The German government cut its growth forecasts, euro zon...
Global shares fall further on economy fears
Oct 11, 2014 at 09:02 | Source:
European and US stock markets have seen sharp falls as fears have deepened over prospects for the global economy. London's FTSE 100 share index fell 1.4% to 6,339.97, a 12-month low, as did Germany's Dax. France's Cac-40 fell to it low...
Kris bids adieu to Infosys
Oct 09, 2014 at 18:42 | Source:
Calcutta Telegraph News
Bangalore, Oct. 8: Kris Gopalakrishnan, the last among its founders to leave Infosys, was today given a farewell at the company headquarters where co-founder N.R. Narayana Murthy said he had no regrets about his controversial second comeback. “...
Infosys' Nasdaq listing was giant leap for Indian IT, says Narayana Murthy
Oct 09, 2014 at 12:40 | Source:
BANGALORE: Infosys co-founder N R Narayana Murthy on Wednesday said he had no moments of regret during over three decades when he, together with six others, built Infosys into the IT services giant. He said his most memorable moment came when he sat ...
US markets cheer Federal Reserve minutes
Oct 09, 2014 at 01:26 | Source:
US markets rose sharply after minutes from the September meeting of the Federal Reserve were released. The transcript indicated that US central bankers were wary of raising rates too soon. Officials were worried markets were too focused on a rate ris...
NR Narayana Murthy, S Gopalakrishnan bid farewell to Infosys
Oct 08, 2014 at 21:36 | Source:
BANGALORE: Thirty-three years after starting Infosys, its founders NR Narayana Murthy and S Gopalakrishnan today bade farewell to the over USD 8 billion IT firm with the former saying he has no regrets and the latter emphasising that politics is not ...
Mecklai Financial Report: September 25, 2014
Sep 27, 2014 at 13:17 | Source:
DXY Index Greenback on Wednesday marked a high of 85.08 against its rivals on the back of upbeat economic release. Today dollar index marked a fresh 14 month high of 85.16 against basket of currencies. On release front, US came out with New Home sale...
Mecklai Financial Report: September 26, 2014
Sep 27, 2014 at 13:17 | Source:
DXY Index Greenback yesterday marked a fresh 4 year high of 85.48 against its rivals despite of some mixed economic releases. The index closed on a lower note at 85.17 levels. On release front, US came out with Durable and Core durable goods order wh...
US software giant Adobe to shut China research branch
Sep 25, 2014 at 19:16 | Source:
SHANGHAI: US software giant Adobe will shut its research arm in Beijing by the end of the year, laying off 350 people, according to a statement, as foreign technology firms face a worsening business climate in China. US tech firms, including Microso...
Riva's messaging app Flock to compete with Skype, Yammer and Slack
Sep 25, 2014 at 03:11 | Source:
MUMBAI: A little over a year after announcing sale of domain registration firm Directi's web business, its founder Bhavin Turakhia is busy entering the communication market with his new startup Riva. The startup is launching a messaging application ...
Gilead's HIV drug shows potential in two mid-stage studies
Sep 25, 2014 at 01:45 | Source:
(Reuters) - Gilead Sciences Inc said its HIV tablet containing tenofovir alafenamide was found better than its approved drug, Stribild, in two mid-stage studies.The company's shares rose 1.3 percent to $106.77 in early trading on the Nasdaq on Wednes...
BlackBerry launches square-screen smartphone Passport in turnaround push
Sep 24, 2014 at 21:11 | Source:
TORONTO: BlackBerry launched an unconventional new smartphone dubbed the Passport on Wednesday as it embarked on what may be the most critical phase of its long turnaround push. At simultaneous events in Toronto, London and Dubai, BlackBerry showed o...
TKM-Ebola treatment allowed for emergency use by US, Canada govts
Sep 23, 2014 at 08:14 | Source:
Canadian drugmaker Tekmira Pharmaceuticals Corp said on Monday that US and Canadian regulators have authorised the use of its Ebola treatment in patients who have confirmed or suspected infections from the deadly virus.The Vancouver-based company sai...
Mecklai Financial Report: 19 September, 2014
Sep 20, 2014 at 12:22 | Source:
DXY Index Greenback yesterday made a high of 84.78 against basket of major currencies and closed near the day?s high at 84.72 after FED announced that the interest rate would remain near zero but bond buying will be ending soon. It was six year high ...