Can Alibaba's kung fu culture floor its global rivals?
Sep 19, 2014 at 01:46 | Source:
The Chinese e-commerce giant, Alibaba, is expected to raise over $25bn (£15bn) in its forthcoming initial public offering. So what will it do with the money? Will it buckle down against fierce competition at home, or will it set its sights on intern...
Alibaba set to price shares as investors gear up for flotation
Sep 18, 2014 at 23:07 | Source:
Chinese online giant Alibaba is expected to set the price of its shares later in what could be a record-breaking initial public offering (IPO). Alibaba could raise between $22bn (£13.5bn) and $25bn when it lists its shares in New York. The previous ...
US Fed offers no hint on rate rise as stimulus ends
Sep 18, 2014 at 05:56 | Source:
The US Federal Reserve has reiterated that it will raise interest rates once a considerable time has passed after its stimulus programme ends in October. The announcement came at the end of a two-day meeting of the central bank's policy committe...
Has quantitative easing helped the US economy?
Sep 18, 2014 at 05:56 | Source:
Since the end of the financial crisis in 2008-2009, the US Federal Reserve has been, essentially, printing money to boost the US economy. The programme, known as quantitative easing (QE), is about to come to an end in October. At a press conference o...
Cognizant to acquire US-based Trizetto for about $2.7 billion
Sep 16, 2014 at 12:17 | Source:
BANGALORE: Cognizant Technology Solutions, the cheetah-turned-hare of India's software services pack, will buy US-based healthcare software specialist TriZetto for $2.7 billion (around Rs 16,400 crore) in cash, marking the biggest acquisition to date...
Sun Pharma Shares Fall 6% on Reports of FDA Inspection
Sep 11, 2014 at 12:00 | Source:
Sun Pharma shares fell as much as 6 per cent on Thursday on reports of a surprise inspection at the drugmaker's Halol facility in Gujarat. The Food and Drug Administration reportedly inspected the Halol plant, which supplies drug to the US ma...
Apple seeks old magic with new product launches next week
Sep 06, 2014 at 07:45 | Source:
SAN FRANCISCO: With its highly awaited product launch next week, Apple is aiming for a new "big thing" as the iconic gadget-maker finds itself under pressure over a celebrity photo theft scandal. Apple has been customarily tight-lipped ahead of its T...
US economy adds 142,000 jobs in August
Sep 05, 2014 at 19:52 | Source:
The US economy added 142,000 jobs in August, latest figures from the Bureau of Labor Statistics reveal, missing expectations. The unemployment rate dipped to 6.1% from 6.2% in July. The world's largest economy had been averaging a monthly jobs g...
Asian Stocks Dip, Euro Stuck Near One-year Lows
Sep 02, 2014 at 08:00 | Source:
Tokyo: Asian shares drifted lower on Tuesday, with momentum from prior gains fading as investors were left short of cues with the US markets closed on Monday, while the euro continued to probe one-year lows in the uncertainty over the European Centra...
Here's why Alibaba is becoming a huge threat to Amazon and eBay
Aug 30, 2014 at 16:21 | Source:
By Cooper Smith Alibaba is expected to IPO in September and a new financial report from the company reveals that the Chinese e-commerce giant continues to grow at a blistering pace. The company's growth pattern, and its recent entrance into the US ma...
Top six factors that are taking Indian markets to all-time highs
Aug 29, 2014 at 05:07 | Source:
MUMBAI: The Indian benchmark indices on short intervals are hitting all-time high levels. The sentiment among investors has turned bullish and they are expecting the Nifty to rally another 5-10 per cent in the run-up to Diwali. A mix of global and do...
LSE rights issue to raise almost £1bn for US purchase
Aug 22, 2014 at 15:57 | Source:
The London Stock Exchange is raising £938m ($1.55bn) from shareholders in a rights issue to help fund a £1.6bn acquisition. The LSE said in late June it was buying index compiler and asset manager Frank Russell Company, from Northwestern Mutual. Th...
Australian winemaker hit as it destroys excess wine
Aug 21, 2014 at 21:32 | Source:
Australian winemaker Treasury Wine Estates (TWE) has reported its first annual loss due to slower sales in China and oversupply in the US market. TWE posted a net loss of 101m Australian dollars ($94m; £57m) for the year ended June, compared to a ne...
Nifty retreats from record high on profit taking
Aug 21, 2014 at 00:51 | Source:
MUMBAI (Reuters) - The Nifty edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips such as Oil and Natural Gas Corp(ONGC.NS).The falls ended a six-...
Dr.Reddy's Rises on US Market Share Gains
Aug 20, 2014 at 11:29 | Source:
Shares in Dr.Reddy's Laboratories gain 1.58 per cent as against a 0.02 per cent fall in the Nifty. A filing with the US Securities and Exchange Commission on Monday shows market share gains in key drugs in the US market, analysts say. Copyrig...
HTC reveals cut-price One M8 Windows Phone device
Aug 19, 2014 at 23:01 | Source:
The handset maker HTC has unveiled a new smartphone that runs a Windows Phone operating system. The modified One M8 is being sold at roughly half the price of the same handset running Google's Android. This is the first time the struggling manuf...
Asia stocks rise after US gains, Ukraine diplomacy
Aug 19, 2014 at 10:00 | Source:
BEIJING (AP) — Asian stocks were mostly higher Tuesday after U.S. markets rose on news of diplomatic efforts to broker a cease-fire in Ukraine. KEEPING SCORE: Tokyo's Nikkei 225 index rose 0.9 percent to 15,465.61, Hong Kong's Hang ...
Hindalco, Tata Steel, Cipla in Focus
Aug 14, 2014 at 10:00 | Source:
The Nifty is likely to open higher on Thursday tracking positive US markets and Asian markets. Foreign investors increased their buying momentum in Indian shares as they bought shares worth Rs 718 crore on Wednesday in cash segment. Crude oil which&a...