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World News

  • Microsoft to shut MSN China portal on June 7

    Microsoft to shut MSN China portal on June 7  

    "Microsoft will be shutting down the MSN portal in China on June 7. Microsoft is deeply committed to China, offering a range of products including Windows 10, cloud services to customers, and hosting the largest research and devel...

    10 May 2016, 11.30 am  |  Source: Reuters

  • China April CPI up 2.3% on-year, PPI down 3.4% on-year

    China April CPI up 2.3% on-year, PPI down 3.4% on-year  

    The consumer price index (CPI) rose 2.3 percent on-year in April, compared with a 2.4 percent forecast by a Reuters poll and in line with March's 2.3 percent on-year reading, Reuters data showed.

    10 May 2016, 8.35 am  |  Source: CNBC

  • Takata, automakers to report airbag recall plans next week: Govt

    Takata, automakers to report airbag recall plans next week: Govt  

    The Nikkei newspaper reported that the Japanese government had notified domestic automakers to recall an additional 7 million vehicles installed with Takata air bags, which can inflate violently and have been blamed for 11 deaths ...

    10 May 2016, 8.07 am  |  Source: Reuters

  • Developing countries` renewables markets more attractive: Report

    Developing countries' renewables markets more attractive: Report  

    In an annual ranking of the 40 most attractive renewable energy markets worldwide, emerging markets such as Argentina, Brazil, China, Chile, India and Mexico represented half of the countries listed. That compares to just China an...

    10 May 2016, 8.07 am  |  Source: Reuters

  • China group buys DR Congo copper mine for $2.65 billion

    China group buys DR Congo copper mine for $2.65 billion  

    Freeport-McMoRan will offload its 70 percent stake in TF Holdings, which in turn has 80 percent of Tenke Fungurume Mining SA, for USD 2.6 billion, giving China Molybdenum an effective 56 percent stake in the Congolese mine.

    10 May 2016, 7.30 am  |  Source: PTI

  • US credit should not be subject to negotiations: White House

    US credit should not be subject to negotiations: White House  

    "The United States of America is a global leader when it comes to our economic strength because the world has confidence in the 'full faith and credit' of the US," White House Press Secretary Josh Earnest said.

    10 May 2016, 7.28 am  |  Source: PTI

  • Trump`s economic policies are reckless, most risky: Clinton

    Trump's economic policies are reckless, most risky: Clinton  

    "This is the most risky, reckless and regressive tax proposal ever put forward by a major presidential candidate, and there is not even much disagreement on these basic numbers," former director of the National Economic Council Ge...

    10 May 2016, 7.28 am  |  Source: PTI

  • ECB not contemplating any more monetary easing: Constancio

    ECB not contemplating any more monetary easing: Constancio  

    The ECB in March launched a package of measures including an expansion of its asset purchase scheme. But falling inflation expectations have fuelled hopes of more easing, possibly as early as June when the bank's staff present new...

    09 May 2016, 5.41 pm  |  Source: Reuters

  • Facebook wins major trademark case in China

    Facebook wins major trademark case in China  

    The Beijing Municipal High People's Court said the local firm Zhongshan-based Zhujiang Beverage had "violated moral principles" with "obvious intention to duplicate and copy from another high-profile trademark", BBC reported.

    09 May 2016, 4.58 pm  |  Source: PTI

  • Facebook wins trademark case in China

    Facebook wins trademark case in China  

    Zhongshan-based Zhujiang Beverage, which sells products like milk-flavored drinks and porridge, said it registered its trademark "face book" in 2011. The company faced objections from Facebook, but gained approval from the Tradema...

    09 May 2016, 2.36 pm  |  Source: PTI

  • Greece adopts controversial reforms ahead of Eurogroup talks

    Greece adopts controversial reforms ahead of Eurogroup talks  

    The ministers are expected to complete a long-stalled first review of Greece's massive EU-IMF bailout and discuss new debt relief measures at the crunch meeting today in Brussels, which follows mass public opposition to the newly ...

    09 May 2016, 2.10 pm  |  Source: PTI

  • China data may sway US Fed`s rate decision

    China data may sway US Fed's rate decision  

    A run of Chinese data is expected to show activity moderated in April after a strong showing in March. It started on Sunday with a greater-than-expected fall in China's April exports and imports.

    09 May 2016, 2.01 pm  |  Source: Reuters

  • Panama braces for online release of Panama Papers

    Panama braces for online release of Panama Papers  

    The International Consortium of Investigative Journalists (ICIJ) is to release the documents in a searchable database at 1800 GMT today accessible to the public at offshoreleaks.icij.org.

    09 May 2016, 12.36 pm  |  Source: PTI

  • Panama Papers report alleges NZ key place for rich to hide money

    Panama Papers report alleges NZ key place for rich to hide money  

    Pressure is mounting on Prime Minister John Key to take action after local media analysed more than 61,000 documents relating to New Zealand that are part of the massive leak of data from Mossack Fonseca, a Panama-based law firm. ...

    09 May 2016, 12.07 pm  |  Source: Reuters

  • Greek parliament approves controversial pension, tax reforms

    Greek parliament approves controversial pension, tax reforms  

    The unpopular reforms, which saw thousands take to the streets in protest, passed thanks to the Syriza-led coalition government's slim majority in parliament, according to an AFP count.

    09 May 2016, 7.26 am  |  Source: PTI

  • N Korea congress adopts policy to improve, expand nuclear arms

    N Korea congress adopts policy to improve, expand nuclear arms  

    The congress, which opened on Friday, has largely been seen as an elaborate coronation for the 33-year-old Kim, securing his status as supreme leader and confirming his legacy "byungjin" doctrine of twin economic and nuclear devel...

    09 May 2016, 7.26 am  |  Source: PTI

  • Saudi to maintain `stable` oil policies: Energy minister

    Saudi to maintain 'stable' oil policies: Energy minister  

    Riyadh, May 8 (AFP) The new energy minister of Saudi Arabia, the world's biggest oil exporter, today pledged continuity in the kingdom's oil policy, after being named in a major government overhaul.

    08 May 2016, 9.10 pm  |  Source: PTI

  • Bitcoin has a governance problem, no matter who created it

    Bitcoin has a governance problem, no matter who created it  

    The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin - which allows users to move money across the world quickly and anonymously - but then said on Thur...

    07 May 2016, 1.05 pm  |  Source: Reuters

  • German paper publishes `manifesto` from Panama leak source

    German paper publishes 'manifesto' from Panama leak source  

    The document says "a new global debate has started, which is encouraging." Its author says: "I do not work for any government or intelligence agency, directly or as a contractor, and I never have.

    07 May 2016, 12.08 pm  |  Source: PTI

  • Brazil Senate committee recommends Rousseff impeachment

    Brazil Senate committee recommends Rousseff impeachment  

    Dilma Rousseff is accused of illegally manipulating government budget accounts.

    07 May 2016, 12.08 pm  |  Source: PTI

  • Ensuring foreigners don`t hide behind shell companies: Obama

    Ensuring foreigners don't hide behind shell companies: Obama  

    Facing flak globally in the wake of Panama Papers leak, President Barack Obama today said his administration is taking steps to ensure that foreigners don't dump their illegitimate money behind shell firms in the US.

    07 May 2016, 12.08 pm  |  Source: PTI

  • Colombia to extradite Panama drug-money suspect to US

    Colombia to extradite Panama drug-money suspect to US  

    Colombia will extradite a leader of a prominent Panamanian business family to the US, where he is charged with laundering money for ruthless drug gangs, authorities have said.

    07 May 2016, 12.08 pm  |  Source: PTI

  • Canada fires: Copters lead convoy through fire-ravaged oil town

    Canada fires: Copters lead convoy through fire-ravaged oil town  

    With helicopters overhead and police roadblocks at every turnoff through on the road, the convoy did not stop until vehicles passed the mandatory evacuation zone, south of Fort McMurray, a Royal Canadian Mounted Police spokesman s...

    06 May 2016, 9.46 pm  |  Source: Reuters

  • London could be getting its first Muslim mayor: But who is he?

    London could be getting its first Muslim mayor: But who is he?  

    Prior to becoming an MP, Khan was a Human Rights lawyer who acted in actions against the police, employment and discrimination law, judicial reviews as well as inquests and crime.

    06 May 2016, 8.55 pm  |  Source: CNBC

  • US employment gains hit seven-month low, labor force shrinks

    US employment gains hit seven-month low, labor force shrinks  

    Nonfarm payrolls increased by 160,000 jobs last month as construction employment barely rose and the retail sector shed jobs, the Labor Department said on Friday.

    06 May 2016, 8.26 pm  |  Source: Reuters

  • Suzuki may invest $460 mn into Pak if new auto policy revised

    Suzuki may invest $460 mn into Pak if new auto policy revised  

    Pakistan in March announced a new auto policy that favours potential new entrants over existing manufacturers by offering them lower duties, part of a strategy to attract foreign car makers and loosen the dominance of Suzuki, Toyo...

    06 May 2016, 4.09 pm  |  Source: Reuters

  • China`s HNA in talks to acquire Singapore`s CWT for $1bn:Sources

    China's HNA in talks to acquire Singapore's CWT for $1bn:Sources  

    CWT's controlling shareholder flagged a potential sale of the business last year. It had attracted interest from major private equity firms, Reuters reported in August, quoting sources.

    06 May 2016, 2.36 pm  |  Source: Reuters

  • Top reason Americans will vote for Trump: `To stop Clinton`:Poll

    Top reason Americans will vote for Trump: 'To stop Clinton':Poll  

    Nearly half of American voters who support either Democrat Hillary Clinton or Republican Donald Trump for the White House said they will mainly be trying to block the other side from winning, according to a Reuters/Ipsos poll rele...

    06 May 2016, 2.09 pm  |  Source: Reuters

  • US launches crackdown on tax evasion after Panama Papers leak

    US launches crackdown on tax evasion after Panama Papers leak  

    The announcement follows a month of intense scrutiny after the release to media organisations of more than 11 million leaked documents detailing the global offshore industry.

    06 May 2016, 11.22 am  |  Source: PTI

  •  Tesla plans to make half-a-million all-electric cars in 2018

    Tesla plans to make half-a-million all-electric cars in 2018  

    The company, which three months ago aimed to make a net profit in the final quarter of this year, gave no profit target on Wednesday and said capital spending would rise about 50 per cent more than previously forecast this year, t...

    06 May 2016, 11.06 am  |  Source: Reuters

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