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  • Nissan in talks with Panasonic, others to sell battery ops: Srcs

    Nissan in talks with Panasonic, others to sell battery ops: Srcs  

    Two people with knowledge of the matter said that the Japanese automaker wants to sell its 51 percent stake in Automotive Energy Supply Corporation, which makes lithium-ion batteries for electric vehicles. The company is jointly o...

    06 Aug 2016, 3.40 pm  |  Source: Reuters

  • Stiglitz quits Panama Papers probe, cites lack of transparency

    Stiglitz quits Panama Papers probe, cites lack of transparency  

    The leak in April of more than 11.5 million documents from the Panamanian law firm Mossack Fonseca, dubbed the "Panama Papers," detailed financial information from offshore accounts and potential tax evasion by the rich and powerf...

    06 Aug 2016, 3.31 pm  |  Source: Reuters

  • IMF to release final instalment of $6.6 bn loan to Pakistan

    IMF to release final instalment of $6.6 bn loan to Pakistan  

    The decision to release the final tranche worth USD 102 million of the three-year programme came after a review of the country's economic performance that found it was meeting most reform indicators but still needed to broaden the...

    06 Aug 2016, 2.28 pm  |  Source: PTI

  • Apple says it has achieved pay equity in US

    Apple says it has achieved pay equity in US  

    Tim Cook-led company said it is now analysing the salaries, bonuses, and annual stock grants of all its employees worldwide and if a gap exists, the company will address it.

    05 Aug 2016, 12.42 pm  |  Source: PTI

  • Biz groups sue over new US limit on tax-driven foreign buyouts

    Biz groups sue over new US limit on tax-driven foreign buyouts  

    The US Chamber of Commerce and the Texas Association of Business filed a lawsuit in Texas federal court that said a regulation from the US Treasury Department in April exceeded what the law allows the department to do.

    05 Aug 2016, 12.41 pm  |  Source: Reuters

  • Japan June real wages rise the most in 6 yrs,but there`s a catch

    Japan June real wages rise the most in 6 yrs,but there's a catch  

    Prime Minister Shinzo Abe has sought to lift the economy out of two decades of stagnation through a three-pronged mix of big government spending, ultra-loose monetary policy and structural reforms.

    05 Aug 2016, 8.01 am  |  Source: Reuters

  • US industry bodies sue over Obama corporate tax rules

    US industry bodies sue over Obama corporate tax rules  

    In a rule adopted in April, the US Treasury sought to prevent American companies from moving overseas to reduce their tax burdens, often through reverse mergers.

    05 Aug 2016, 8.00 am  |  Source: PTI

  • Obama hits back at Trump, calls his claims as `ridiculous`

    Obama hits back at Trump, calls his claims as 'ridiculous'  

    If we see signs that a voting machine or system is more vulnerable to hacking, then we inform those local authorities who are running the elections that they need to be careful," Obama said.

    05 Aug 2016, 7.34 am  |  Source: PTI

  • China`s Q2 current account surplus rises to USD 59.4 bn

    China's Q2 current account surplus rises to USD 59.4 bn  

    China's current account surplus rose to USD 59.4 billion in Q2, up from USD 48.1 billion in Q1 but capital account recorded deficit of USD 59.4 billion, the government said today.

    04 Aug 2016, 9.42 pm  |  Source: PTI

  • Bank of England cuts rate for 1st time in over 7 years to 0.25%

    Bank of England cuts rate for 1st time in over 7 years to 0.25%   

    The Bank of England has cut rates for the first time in over seven years, slashed growth forecasts and launched a new monetary policy weapon in the battle to stop a post-Brexit slump in the UK.

    04 Aug 2016, 5.51 pm  |  Source: CNBC

  • Bank of England set to cut rates for first time since 2009

    Bank of England set to cut rates for first time since 2009  

    The Bank wrong-footed financial experts three weeks ago by leaving rates unchanged, but it said most of its policymakers were likely to support action in August as post-referendum uncertainty depressed the economy.

    04 Aug 2016, 3.58 pm  |  Source: Reuters

  • AirAsia to launch sale of stake in leasing arm

    AirAsia to launch sale of stake in leasing arm  

    The Malaysia-based carrier, headed by tycoon Tony Fernandes, has hired three investment banks to run the sale of the Asia Aviation Capital stake, the people said. They declined to be identified as the discussions were confidential...

    04 Aug 2016, 1.47 pm  |  Source: Reuters

  • UK banks pin Brexit hopes on financial crisis bailout negotiator

    UK banks pin Brexit hopes on financial crisis bailout negotiator  

    The collapse of Lehman Brothers two weeks earlier – the biggest bankruptcy in history – had caused UK credit markets to seize up and pushed some of Britain's biggest high street lenders, including Royal Bank of Scotland and HB...

    04 Aug 2016, 1.45 pm  |  Source: Reuters

  • Pentagon blocks $300 mn military aid to Pakistan

    Pentagon blocks $300 mn military aid to Pakistan  

    In the absence of Congressional certification, the Pentagon has blocked disbursement of USD 300 million to Pakistan under Coalition Support Fund, which is essentially reimbursement money for the expenses made by Pak Army in suppor...

    04 Aug 2016, 10.48 am  |  Source: PTI

  • Apple reports progress in workforce diversity

    Apple reports progress in workforce diversity  

    Apple also said in its annual diversity and inclusion report that it had closed pay gaps over the last year by analysing salaries, bonuses and annual stock grants. It had also opened up its annual stock grants programme to retail ...

    04 Aug 2016, 9.18 am  |  Source: Reuters

  • London police say knife attack leaves 1 dead, 5 hurt

    London police say knife attack leaves 1 dead, 5 hurt  

    A statement from the London Metropolitan Police early today said the attack happened late yesterday in Russell Square, which is near to the British Museum

    04 Aug 2016, 8.12 am  |  Source: PTI

  • Fed`s Kashkari says low inflation affords `luxury` of low rates

    Fed's Kashkari says low inflation affords 'luxury' of low rates  

    "If we can keep creating jobs while inflation is in check, let's do that," Minneapolis Fed President Neel Kashkari said at a meeting with community activists and members of the black community in Minneapolis who were airing their ...

    04 Aug 2016, 7.56 am  |  Source: Reuters

  • Goldman fined $36.3 mn over leaked Fed documents

    Goldman fined $36.3 mn over leaked Fed documents  

    The Fed faulted Goldman Sachs's oversight of former senior banker Joseph Jiampietro, who improperly used confidential documents obtained from the US central bank to advise small and medium-sized banks in 2014 on Federal Reserve ov...

    04 Aug 2016, 7.40 am  |  Source: PTI

  • Facebook opens hardware lab, in a sign of broader ambitions

    Facebook opens hardware lab, in a sign of broader ambitions  

    Facebook built its fortune on the internet, that non-physical space where people share updates and digital videos with friends. But deep inside its Silicon Valley headquarters, Facebook engineers have stocked a new lab with comput...

    03 Aug 2016, 10.30 pm  |  Source: PTI

  • Time Warner takes 10% stake in streaming group Hulu

    Time Warner takes 10% stake in streaming group Hulu  

    Time Warner announced today it was taking a 10 percent stake in Hulu, a streaming video provider that is ramping up as a competitor to sector leader Netflix.

    03 Aug 2016, 10.30 pm  |  Source: PTI

  • Prachanda Kamal Dahal elected as new Prime Minister of Nepal

    Prachanda Kamal Dahal elected as new Prime Minister of Nepal  

    Pushpa Kamal Dahal, 61, who still uses a nom de guerre that means "Fierce", won 363 votes out of the 573 cast in the 595-member parliament, Speaker Onsari Gharti said.

    03 Aug 2016, 4.13 pm  |  Source: NEWS18.com

  • Euro zone business growth picks up slightly on German lead: PMI

    Euro zone business growth picks up slightly on German lead: PMI  

    But growth remained muted and was led by a surge in Germany, which masked a continued stagnation in France and a slowing pace in Spain and Italy.

    03 Aug 2016, 3.11 pm  |  Source: Reuters

  • Post-Brexit UK economy set to shrink for the first time in 4 yrs

    Post-Brexit UK economy set to shrink for the first time in 4 yrs  

    Following the UK's vote to leave the European Union in June, the economy is seen falling by 0.2 percent in the third quarter, with the risk of further decline into recession, the National Institute of Economic and Social Research ...

    03 Aug 2016, 9.46 am  |  Source: CNBC

  • Pokemon Go creator wants more tie ups like McDonald`s Japan

    Pokemon Go creator wants more tie ups like McDonald's Japan  

    Niantic is talking with several companies interested in partnerships similar to the deal that turned nearly 3,000 McDonald's restaurants in Japan into stops for collecting virtual supplies or "gyms" for on-screen battles, Niantic ...

    03 Aug 2016, 9.25 am  |  Source: Reuters

  • Obama will go down as worst president in US history: Trump

    Obama will go down as worst president in US history: Trump  

    "Don't forget last time he said I would never get the nomination, now he is saying I wouldn't get the election now all of a sudden he said the other day maybe I can win the election, no I guess he probably has to say that kind of ...

    03 Aug 2016, 9.10 am  |  Source: PTI

  • Japan services sector expanded slightly in July as orders steady

    Japan services sector expanded slightly in July as orders steady  

    The IHS Market Japan Services Purchasing Managers Index (PMI) rose to 50.4 in July from 49.4 in June on a seasonally adjusted basis.

    03 Aug 2016, 8.31 am  |  Source: Reuters

  • China July service sect growth eases,employment falls:Caixin PMI

    China July service sect growth eases,employment falls:Caixin PMI  

    The findings contrast with a more upbeat official survey on Monday, raising concerns that China is still facing hurdles to its plans to transform the economy into one more reliant on domestic consumption than heavy industry and ex...

    03 Aug 2016, 8.31 am  |  Source: Reuters

  • Lockhart says he isn`t ruling out a rate hike before year-end

    Lockhart says he isn't ruling out a rate hike before year-end  

    "At this point, I don't rule out a rate increase at the next meeting or later in the year. We just have to wait and see how the data come in. The situation is maybe a little bit ambiguous, but I can imagine conditions in which we ...

    03 Aug 2016, 8.05 am  |  Source: CNBC

  • Obama, Singapore leader push Pacific trade deal in state visit

    Obama, Singapore leader push Pacific trade deal in state visit  

    Aiming to keep alive hopes for a post-election congressional vote in the closing weeks of 2016 in favour of the 12-nation Trans-Pacific Partnership (TPP), Obama said its merits would overcome fierce criticism on the campaign trail...

    03 Aug 2016, 7.55 am  |  Source: Reuters

  • Donald Trump unfit to be president: Barack Obama

    Donald Trump unfit to be president: Barack Obama  

    "The question that I think that they have to ask themselves is, if you are repeatedly having to say in very strong terms that what he has said is unacceptable, why are you still endorsing him? What does this say about your party t...

    03 Aug 2016, 7.26 am  |  Source: PTI

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