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Budget 2017

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World News

  • `APAC saw slower pace of deals in 2016; India a bright spot`

    'APAC saw slower pace of deals in 2016; India a bright spot'  

    The Asia Pacific, excluding Japan region, saw a slower pace of deal making in 2016 as compared to the previous year, but India was a bright spot with M&A activity at the highest annual total record, a report says.

    05 Jan 2017, 5.50 pm  |  Source: PTI

  • UK car sales hit annual high before bumpy 2017: data

    UK car sales hit annual high before bumpy 2017: data  

    Sales of new cars in Britain reached a record high last year, an industry survey showed today, but 2017 was set to experience a growth slowdown on Brexit

    05 Jan 2017, 4.22 pm  |  Source: PTI

  • UK services sector sees fastest growth since July 2015: PMI

    UK services sector sees fastest growth since July 2015: PMI  

    Britain's economy finished 2016 strongly, growing at the fastest rate since mid-2015, even though companies faced some of the fastest-rising costs of the past five years as sterling weakened after Britain voted to leave the Europe...

    05 Jan 2017, 4.05 pm  |  Source: Reuters

  • China`s Alibaba sues vendors over selling counterfeits

    China's Alibaba sues vendors over selling counterfeits  

    Late last month the office of the US Trade Representative put Alibaba's massive online sales portal Taobao on its annual blacklist, saying it was not doing enough to curb sales of fake and pirated goods.

    05 Jan 2017, 3.40 pm  |  Source: PTI

  • Trump Organisation cancels business talks in 3 countries

    Trump Organisation cancels business talks in 3 countries  

    Trump lawyer Alan Garten said that the company has canceled a "memorandum of understanding" to continue discussions with local partners over possible office towers in Rio de Janeiro. He also said the company won't continue "explor...

    05 Jan 2017, 2.16 pm  |  Source: PTI

  • Bitcoin nears all-time high as it becomes `safe haven` asset

    Bitcoin nears all-time high as it becomes 'safe haven' asset  

    The unit broke the USD 1,100 barrier on the Bitcoin Price Index, an average of major exchanges, to continue a dizzying rise that made it the best performing currency of 2016.

    05 Jan 2017, 1.36 pm  |  Source: PTI

  • Bill targeting H1B visas reintroduced in US Congress

    Bill targeting H1B visas reintroduced in US Congress  

    The 'Protect and Grow American Jobs Act' makes important changes to the eligibility requirements for H1-B Visa exemptions was re-introduced yesterday by Republican Darrell Issa and Scott Peters both from California.

    05 Jan 2017, 12.36 pm  |  Source: PTI

  • China says hit with record retaliatory trade measures in 2016

    China says hit with record retaliatory trade measures in 2016  

    "Trade disputes are becoming increasingly politicised, measures are increasingly extreme and final tariff rates are relatively high," said ministry spokesman Sun Jiwen at a regular briefing, singling out measures taken against Chi...

    05 Jan 2017, 12.07 pm  |  Source: Reuters

  • Banks ready to offer conditional financial support: Toshiba

    Banks ready to offer conditional financial support: Toshiba  

    "At this moment, I have been told that (banks) will continue to provide support," Shigenori Shiga told reporters on Thursday on the sidelines of an industry gathering.

    05 Jan 2017, 12.01 pm  |  Source: Reuters

  • China’s offshore yuan surges most against dollar in a year

    China’s offshore yuan surges most against dollar in a year  

    On Thursday, dollar was fetching 6.8863 yuan at 11:09 a.m. HK/SIN in offshore trade. The pair had fallen as low as 6.8648 around 9:00 a.m. HK/SIN. On Wednesday, the dollar/yuan pair had its largest drop in a year in the offshore m...

    05 Jan 2017, 11.23 am  |  Source: CNBC

  • Amazon, Forever 21 vying for bankrupt American Apparel: Sources

    Amazon, Forever 21 vying for bankrupt American Apparel: Sources  

    The bankruptcy auction of Los Angeles-based American Apparel, which made its branding theme "Made in the USA", will determine the future of a major clothing manufacturing plant in California, one of the most expensive US states in...

    05 Jan 2017, 10.51 am  |  Source: Reuters

  • Russia`s Rosneftegaz closes Rosneft privatisation deal

    Russia's Rosneftegaz closes Rosneft privatisation deal  

    The privatisation deal, which Rosneft Chief Executive Igor Sechin called the largest in Russia's history, was announced by Rosneft in a meeting with President Vladimir Putin in December.

    05 Jan 2017, 9.38 am  |  Source: Reuters

  • Wai Wai noodles sets up plant in Serbia

    Wai Wai noodles sets up plant in Serbia  

    Positioned strategically at Ruma in Serbia in Central Europe, the Wai Wai plant will help the company cater to the neighbouring countries, CG Foods said in a statement.

    05 Jan 2017, 8.54 am  |  Source: PTI

  • China to invest $360 billion in renewable power in 2016-2020

    China to invest $360 billion in renewable power in 2016-2020  

    The investment will create over 13 million jobs in the sector, the NEA said in a blueprint document that lays out its plan to develop the nation's energy sector in a five-year period.

    05 Jan 2017, 8.44 am  |  Source: Reuters

  • Officials were moved by Trump win before Dec hike: Fed minutes

    Officials were moved by Trump win before Dec hike: Fed minutes  

    The FOMC unanimously approved a quarter-point hike that pushed the target range for its short-term lending rate to between 0.5 percent and 0.75 percent, and indicated a somewhat more aggressive path forward.

    05 Jan 2017, 8.43 am  |  Source: CNBC

  • Apple confirms $1 bn investment in SoftBank tech fund

    Apple confirms $1 bn investment in SoftBank tech fund  

    SoftBank has said it is investing at least USD 25 billion in the fund and has been in talks with Saudi Arabia's Public Investment Fund for an investment that could be as much as USD 45 billion.

    05 Jan 2017, 8.30 am  |  Source: Reuters

  • Volkswagen must face US investor lawsuit in emissions scandal

    Volkswagen must face US investor lawsuit in emissions scandal  

    US District Judge Charles Breyer also rejected a request by VW brand chief Herbert Diess to have the proposed securities fraud lawsuits tossed out of a California court. Other defendants include VW's US unit and its Audi of Americ...

    05 Jan 2017, 8.29 am  |  Source: Reuters

  • US December auto sales surprisingly strong, 2016 sets new high

    US December auto sales surprisingly strong, 2016 sets new high  

    Shares of General Motors Co rose 5.5 percent and Ford Motor Co stock rose 4.6 percent, far outpacing the wider Dow Jones Industrial Average, which was up only 0.3 percent.

    05 Jan 2017, 8.23 am  |  Source: Reuters

  • US Labor department sues Google for compensation data

    US Labor department sues Google for compensation data  

    The Office of Federal Contract Compliance Programs (OFCCP) said it had sought the data about the company's equal opportunity program in September 2015. The company failed to submit despite many opportunities, the OFCCP said.

    05 Jan 2017, 8.21 am  |  Source: Reuters

  • Boeing wins $8.8 bn in 737 MAX orders, still short of goal

    Boeing wins $8.8 bn in 737 MAX orders, still short of goal  

    The orders mean the world's biggest plane maker clinched at least 536 net jetliner sales last year compared with its target of selling as many commercial jets as it delivers, a total it puts between 745 and 750. Through November, ...

    05 Jan 2017, 8.19 am  |  Source: Reuters

  • Fed policymakers agree Trump fiscal boost poses inflation risk

    Fed policymakers agree Trump fiscal boost poses inflation risk  

    The minutes, released on Wednesday, showed how broadly views within the Fed are shifting in response to President-elect Donald Trump's promises of tax cuts, infrastructure spending and deregulation.

    05 Jan 2017, 8.18 am  |  Source: Reuters

  • China services sector activity rises to 17-month high in Dec

    China services sector activity rises to 17-month high in Dec  

    The strong pick-up mirrored improvements in manufacturing surveys earlier this week, as market watchers debate whether China's leaders will settle for a more modest growth target this year in order to focus on more pressing issues...

    05 Jan 2017, 8.12 am  |  Source: Reuters

  • Scuttled Ford plant has Mexico fearing more under Trump

    Scuttled Ford plant has Mexico fearing more under Trump  

    Even as the country is being rocked by rowdy nationwide protests against a January 1 gasoline price hike, the Ford news led the front pages of Mexico's most influential newspapers, and they tied the development directly to Preside...

    05 Jan 2017, 7.46 am  |  Source: PTI

  • Deutsche Bank settles New York lawsuit with $95 mn payment

    Deutsche Bank settles New York lawsuit with $95 mn payment  

    The agreement to settle a 2014 lawsuit brought by the US government was approved yesterday by a Manhattan federal court judge.

    05 Jan 2017, 7.46 am  |  Source: PTI

  • Shipment of devices to be flat globally until 2018: Gartner

    Shipment of devices to be flat globally until 2018: Gartner  

    Shipment of devices like PCs, smartphones and tablets is expected to remain flat this year to total 2.32 billion units, according to research firm Gartner.

    04 Jan 2017, 8.56 pm  |  Source: PTI

  • Britain`s Brexit plans rocked by resignation

    Britain's Brexit plans rocked by resignation  

    Britain's Brexit plans were in turmoil today after the UK's ambassador to the EU quit, blasting "ill-founded arguments and muddled thinking" less than three months before the process is due to start.

    04 Jan 2017, 6.40 pm  |  Source: PTI

  • UK consumer credit growth hits fresh 11-year high - BoE

    UK consumer credit growth hits fresh 11-year high - BoE  

    British consumer borrowing picked up pace to grow at its fastest rate in more than 11 years in November, and the mortgage market retained solid momentum, Bank of England figures showed on Wednesday.

    04 Jan 2017, 5.27 pm  |  Source: Reuters

  • Euro zone biz growth fastest in more than five years in Dec: PMI

    Euro zone biz growth fastest in more than five years in Dec: PMI  

    The expansion, which came alongside companies raising prices at the steepest rate since mid-2011, will be welcomed by policymakers at the European Central Bank, who for years have struggled to lift growth and inflation.

    04 Jan 2017, 2.45 pm  |  Source: Reuters

  • China plans to spend $115 billion on railways in 2017: Report

    China plans to spend $115 billion on railways in 2017: Report  

    China plans to add 2,100 kilometres of track this year, mostly in its central and western regions, and electrify 4,000 kilometres of railways, Xinhua reported, citing a statement released by national operator China Railway Corpora...

    04 Jan 2017, 2.33 pm  |  Source: Reuters

  • Japan`s Inpex in running to develop major Iran oilfield: Report

    Japan's Inpex in running to develop major Iran oilfield: Report  

    Japan's top energy developer is a strong candidate for the project after signing a memorandum of understanding (MOU) to look into developing the Azadegan oilfield, Kyodo said, citing Noreddin Shahnazizadeh, managing director of Ir...

    04 Jan 2017, 2.15 pm  |  Source: Reuters

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