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World News

  • Global financial risks have risen, need potent policy mix: IMF

    Global financial risks have risen, need potent policy mix: IMF   

    The situation in markets appears significantly improved since February, according to the IMF, following some better news on the economic front, as well as intensified policy actions by the European Central Bank, and a more cautiou...

    13 Apr 2016, 7.26 pm  |  Source: PTI

  • Trump, Clinton declared winners in Missouri ahead of NY polls

    Trump, Clinton declared winners in Missouri ahead of NY polls  

    In the final tally, Trump pipped Cruz by just 0.2 percentage points 40.9 per cent to Cruz's 40.7. Trump will receive 37 delegates to Cruz's 15. Ohio Governor John Kasich will receive no delegates.

    13 Apr 2016, 7.26 pm  |  Source: PTI

  • Belgium releases Paris attacks suspects without charge

    Belgium releases Paris attacks suspects without charge  

    Yesterday, Belgian police arrested the three people in the Brussels district of Uccle during a raid linked to the investigation into the Paris attacks, which left 130 people dead and hundreds wounded.

    13 Apr 2016, 6.02 pm  |  Source: PTI

  • Peabody, world`s top private coal miner, files for bankruptcy

    Peabody, world's top private coal miner, files for bankruptcy  

    Peabody's Chapter 11 bankruptcy filing ranks among the largest in the commodities sector since energy and metals prices began to fall in the middle of 2014 as once fast-growing markets such as China and Brazil began to slow.

    13 Apr 2016, 12.48 pm  |  Source: Reuters

  • Saudi oil minister rules out crude output cut: Report

    Saudi oil minister rules out crude output cut: Report  

    Leading oil producers, including Saudi Arabia, will meet in Qatar on Sunday to discuss an output freeze to support oil prices.

    13 Apr 2016, 12.05 pm  |  Source: CNBC

  • Did `smart people` avoid the Panama Papers?

    Did 'smart people' avoid the Panama Papers?  

    Offshore accounts are a traditional way for the wealthy to diversify the location of their investments, benefit from lower tax rates or enjoy lower regulatory oversight.

    13 Apr 2016, 11.33 am  |  Source: CNBC

  • US received 236K H-1B applications, completes lottery

    US received 236K H-1B applications, completes lottery  

    This is more than thrice the Congressionally-mandated cap of 65,000 in the general category for the work visas for highly-skilled workers in the general category for Financial Year 2017.

    13 Apr 2016, 10.26 am  |  Source: PTI

  • China`s `moonlight` generation puts tomorrow`s growth on credit

    China's 'moonlight' generation puts tomorrow's growth on credit  

    A young, middle-class and tech-savvy cohort dubbed the 'moonlight generation' - because their banks accounts are light at the end of the month - are turning their backs on the cautious ways of their hard-saving parents and embraci...

    13 Apr 2016, 10.20 am  |  Source: Reuters

  • Panama raids offices of Mossack Fonseca law firm

    Panama raids offices of Mossack Fonseca law firm  

    The Panama-based law firm is at the center of the "Panama Papers" leaks scandal that has embarrassed several world leaders and shone a spotlight on the shadowy world of offshore companies.

    13 Apr 2016, 9.11 am  |  Source: Reuters

  • Fed`s Williams says two or three US rate hikes `reasonable`

    Fed's Williams says two or three US rate hikes 'reasonable'  

    The Fed lifted rates from near zero in December, but deferred any further moves at meetings in January and March, citing the uncertainty over the impact of weak global growth on what's shaping up to be a moderate US economic recov...

    13 Apr 2016, 8.06 am  |  Source: Reuters

  • VW plans bonus cuts after diesel scandal pressure: Sources

    VW plans bonus cuts after diesel scandal pressure: Sources  

    VW's nine executives in 2014 earned about 70 million euros (USD 80 million) in total compensation, including 54 million euros in variable pay, according to company data. That is almost double the 37 million euros rival Daimler pai...

    13 Apr 2016, 8.00 am  |  Source: Reuters

  • China March yuan-denominated exports up 18.7% on year

    China March yuan-denominated exports up 18.7% on year  

    Yuan-denominated imports meanwhile fell an annual 1.7 percent, slower than the previous month's 8 percent decline.

    13 Apr 2016, 7.53 am  |  Source: CNBC

  • Panama warns France of blowback over tax haven listing

    Panama warns France of blowback over tax haven listing  

    Following the Panama Papers reports showing how a Panama law firm helped wealthy people from France and other countries stash their assets in offshore companies, Paris last week put Panama back on its national list of Uncooperativ...

    13 Apr 2016, 7.38 am  |  Source: PTI

  • Worried IMF cuts world growth forecast, warns over Brexit

    Worried IMF cuts world growth forecast, warns over Brexit  

    The Fund cut its global forecast for the third straight quarter, saying economic activity has been "too slow for too long," and stressed the need for immediate action by the world's economic powers to shore up growth.

    13 Apr 2016, 7.38 am  |  Source: PTI

  • Brazil congressional committee votes in favor of impeachment

    Brazil congressional committee votes in favor of impeachment  

    Rio De Janeiro, Apr 12 (AP) A congressional committee voted Monday to recommend that the impeachment process against President Dilma Rousseff move forward, bringing the possible ouster of the embattled leader a step closer.

    12 Apr 2016, 9.46 pm  |  Source: PTI

  • UK may opt for co-investment in Tata`s steel assets: Minister

    UK may opt for co-investment in Tata's steel assets: Minister   

    The government is under pressure to keep Tata's British steel plants open after Tata said last month that it was selling up in Britain.

    12 Apr 2016, 7.35 pm  |  Source: Reuters

  • China Q1 GDP growth seen at 6.7% YoY, slowest since 2009

    China Q1 GDP growth seen at 6.7% YoY, slowest since 2009  

    Growth in first quarter gross domestic product (GDP) likely slowed to 6.7 percent from the same period last year, down from 6.8 percent in the fourth quarter of 2015, according to a Reuters poll of 64 economists.

    12 Apr 2016, 3.16 pm  |  Source: Reuters

  • Nomura to cut 500-600 jobs in Europe cash equities pullback

    Nomura to cut 500-600 jobs in Europe cash equities pullback  

    Some jobs will also go in Nomura's global markets division in the Americas, the people said, and it wasn't immediately clear whether Nomura will shut down its European cash equities operation entirely. The people declined to be id...

    12 Apr 2016, 10.52 am  |  Source: Reuters

  • China steps up crackdown on underground banks, says Regulator

    China steps up crackdown on underground banks, says Regulator  

    Transactions by underground banks topped 1 trillion yuan last year and police, the central bank and SAFE uncovered one case involving transactions totalling USD 64 billion.

    12 Apr 2016, 9.45 am  |  Source: Reuters

  • Investigators visit Panama Papers law firm`s office

    Investigators visit Panama Papers law firm's office  

    Public ministry spokeswoman Sandra Sotillo said the visit to the offices of Mossack Fonseca yesterday was made by investigators from the intellectual property prosecutor's office.

    12 Apr 2016, 9.38 am  |  Source: PTI

  • Clinton threatens action against China on steel production

    Clinton threatens action against China on steel production  

    Clinton said she will take on foreign countries that keep their goods artificially cheap by manipulating their currencies and expand "our toolbox to include effective new remedies to respond, such as duties, tariffs, or other meas...

    12 Apr 2016, 8.54 am  |  Source: PTI

  • US announces final $5.1 bn Goldman deal on mortgage bonds

    US announces final $5.1 bn Goldman deal on mortgage bonds  

    The Justice Department's announcement of a final settlement follows Goldman Sachs's disclosure of preliminary agreement in January. The settlement covers Goldman Sachs's issuance and underwriting of mortgage-backed securities from...

    12 Apr 2016, 7.26 am  |  Source: PTI

  • Venezuela to freeze assets in Panama leaks probe

    Venezuela to freeze assets in Panama leaks probe  

    Public prosecutor Luisa Ortega told the television station Globovision yesterday that prosecutors are considering issuing arrest warrants for people named in the "Panama Papers" leak. She didn't say who might be affected.

    12 Apr 2016, 7.22 am  |  Source: PTI

  • Sparks fly in UK Parliament as it debates Tata Steel pullout

    Sparks fly in UK Parliament as it debates Tata Steel pullout   

    Tata Steel Europe, the largest steel manufacturers in UK, in March had said that it is contemplating selling out entire operations from the country over recurring losses.

    11 Apr 2016, 10.22 pm  |  Source: CNBC-TV18

  • ArcelorMittal launches offer to buy securities worth over $3bn

    ArcelorMittal launches offer to buy securities worth over $3bn  

    The company will fund both the bond purchases through "existing cash resources" as well as from proceeds of the USD 3 billion rights issue that closed last week, the world's biggest steelmaker said in a statement.

    11 Apr 2016, 10.04 pm  |  Source: PTI

  • Volkswagen aiming to return to debt market as early as May: Srcs

    Volkswagen aiming to return to debt market as early as May: Srcs  

    Europe's biggest carmaker has been effectively shut out of the unsecured bond market since September, when it admitted to rigging US diesel emissions tests.

    11 Apr 2016, 9.15 pm  |  Source: Reuters

  • IMF bailout package for Lanka by month-end

    IMF bailout package for Lanka by month-end  

    "The mission made significant progress toward a staff level agreement with the government on an economic programme that could be supported by a 36-month Extended Fund Facility (EFF)" an IMF release said.

    11 Apr 2016, 8.10 pm  |  Source: PTI

  • UK`s Daily Mail in early talks over bid for Yahoo

    UK's Daily Mail in early talks over bid for Yahoo  

    A spokesman for the DailyMail.com said Sunday that, given the success of its site and Elite Daily, it has "been in discussions with a number of parties who are potential bidders."

    11 Apr 2016, 6.50 pm  |  Source: PTI

  • China`s growth to decline to 6.7% this year: World Bank

    China's growth to decline to 6.7% this year: World Bank  

    "China's orderly transition to slower but more sustainable growth has continued despite some volatility in financial markets," said the World Bank's East Asia and Pacific Economic Update, which is published twice a year.

    11 Apr 2016, 6.50 pm  |  Source: PTI

  • China`s oil giant PetroChina reports $162 bn liability

    China's oil giant PetroChina reports $162 bn liability  

    Among all non-financial A-share companies, State-owned PetroChina Co topped the list with 1.05 trillion yuan (USD 162.8 billion) liability, official media reported today.

    11 Apr 2016, 3.18 pm  |  Source: PTI

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