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World News

  • Nestle to collaborate with Samsung to explore nutrition science

    Nestle to collaborate with Samsung to explore nutrition science  

    The companies said they are developing a new digital health platform to provide individuals with more personalised recommendations around nutrition, lifestyle and fitness.

    29 Jul 2016, 3.39 pm  |  Source: Reuters

  • Trump cannot be trusted with nuclear weapons: Hillary Clinton

    Trump cannot be trusted with nuclear weapons: Hillary Clinton  

    Presenting her vision of inclusive growth for America that maintains its global leadership and military power, Clinton, 68, she warned voters the nation is facing a serious "moment of reckoning" from economic pain, violence and te...

    29 Jul 2016, 2.10 pm  |  Source: PTI

  • Consumers seen powering US economic growth in second quarter

    Consumers seen powering US economic growth in second quarter  

    Gross domestic product probably increased at a 2.6 percent annual rate, which would be the fastest in a year, according to a Reuters survey of economists. The economy grew at a 1.1 percent pace in the first quarter.

    29 Jul 2016, 11.55 am  |  Source: Reuters

  • US faces `moment of reckoning`: Hillary Clinton

    US faces 'moment of reckoning': Hillary Clinton  

    "It is with humility, determination and boundless confidence in America's promise that I accept your nomination for president," Clinton said as thousands of party delegates, leaders and supporters at the Wells Fargo Center erupted...

    29 Jul 2016, 10.28 am  |  Source: PTI

  • Foreign capital flow into emerging market climbs to $25 bn

    Foreign capital flow into emerging market climbs to $25 bn  

    Equity flows were the dominant driver this month, with an estimated USD 14.6 billion in inflows, while debt flows were more moderate at USD 10.2 billion, according to the report by Institute of International Finance.

    29 Jul 2016, 9.42 am  |  Source: PTI

  • Bank of Japan ups ETF purchases, keeps interest rates steady

    Bank of Japan ups ETF purchases, keeps interest rates steady  

    In an eagerly-awaited decision, the central bank said it would ramp up ETF purchases so that their amount outstanding will rise at an annual pace of 6 trillion yen (USD 56.7 billion), from 3.3 trillion yen previously.

    29 Jul 2016, 9.27 am  |  Source: CNBC

  • Under govt pressure, BOJ mulling specific steps for easing

    Under govt pressure, BOJ mulling specific steps for easing  

    By timing its action with the government's big fiscal spending package, the bank would aim to maximize the boost of its measures on the world's third-biggest economy, which is struggling to escape decades of deflation, the sources...

    29 Jul 2016, 8.19 am  |  Source: CNBC

  • Japan industrial output up in June in sign of recovery

    Japan industrial output up in June in sign of recovery  

    Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 2.4 percent in July and increase by 2.3 percent in August, data showed.

    29 Jul 2016, 8.18 am  |  Source: CNBC

  • Uber, Didi hail China’s new taxi app rules

    Uber, Didi hail China’s new taxi app rules  

    Ride-hailing apps have fast become a booming and emerging industry, but often Uber in particular has run into regulatory headwinds in a number of countries around the world.

    29 Jul 2016, 8.18 am  |  Source: CNBC

  • Jeff Bezos passes Buffett, becomes third-richest person: Forbes

    Jeff Bezos passes Buffett, becomes third-richest person: Forbes  

    Bezos' fortune was USD 65.3 billion as of 4:30 p.m. EDT (2030 GMT) on Thursday, compared with Buffett's USD 64.9 billion.

    29 Jul 2016, 8.10 am  |  Source: Reuters

  • Oracle to buy NetSuite for $9.3 bn to gain cloud computing clout

    Oracle to buy NetSuite for $9.3 bn to gain cloud computing clout  

    The deal will bring together two companies linked to high-profile technology billionaire Larry Ellison. In addition to being Oracle's executive chairman, entities he owns hold about 40 percent of NetSuite's shares, according to a ...

    29 Jul 2016, 8.08 am  |  Source: Reuters

  • Japan consumer prices fall, keeps BOJ under pressure

    Japan consumer prices fall, keeps BOJ under pressure  

    Factory output rose 1.9 percent in June and the jobless rate fell to 3.1 percent, marking the lowest reading in nearly 21 years, with job availability at a nearly 25-year high, reflecting labour shortages, other data showed.

    29 Jul 2016, 8.07 am  |  Source: Reuters

  • Microsoft to cut 2,850 more jobs

    Microsoft to cut 2,850 more jobs  

    The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland.

    29 Jul 2016, 8.04 am  |  Source: Reuters

  • South Korea June industrial output slips,sluggishness seen ahead

    South Korea June industrial output slips,sluggishness seen ahead  

    Industrial output fell by a seasonally adjusted 0.2 percent in June from May, lagging a median 0.2 percent gain forecast in a Reuters survey of analysts and sagged far below a revised 2.5 percent rise in May.

    29 Jul 2016, 8.02 am  |  Source: Reuters

  • China banks in alliance to offer free online money transfers

    China banks in alliance to offer free online money transfers  

    The banks are hoping to attract more customers with the move, which is also aimed at helping lenders boost online security and combat fraud as they will be sharing information, Xinhua said.

    29 Jul 2016, 7.59 am  |  Source: Reuters

  • IMF further delays Ukraine bailout

    IMF further delays Ukraine bailout  

    A spokesman for the Fund had earlier this month held out the possibility of a resumption by the end of July.

    29 Jul 2016, 7.42 am  |  Source: PTI

  • Indian-Americans in spotlight during Democratic convention

    Indian-Americans in spotlight during Democratic convention  

    The growing clout of Indian-Americans in US politics came to spotlight as three leaders from the community took the centre stage at the ongoing Democratic National Convention that anointed Hillary Clinton as party's presidential n...

    28 Jul 2016, 8.46 pm  |  Source: PTI

  • Brexit shockwaves hit UK consumers, companies brace for slowdown

    Brexit shockwaves hit UK consumers, companies brace for slowdown  

    Preparing for a Brexit-related slowdown, Lloyds Banking Group said it would cut 3,000 jobs and one of Britain's biggest car dealerships, Inchcape, predicted growth in new car registrations would slow.

    28 Jul 2016, 2.29 pm  |  Source: Reuters

  • Lloyds plans 3,000 jobs cull, fresh branch closures after Brexit

    Lloyds plans 3,000 jobs cull, fresh branch closures after Brexit  

    Britain's largest retail bank announced plans to save 400 million pounds by end-2017 by axing a further 3,000 jobs and closing an additional 200 branches to protect its earnings and ambitious dividend profile against lower-for-lon...

    28 Jul 2016, 2.27 pm  |  Source: Reuters

  • Citi sees `gradual shift towards helicopter money`

    Citi sees 'gradual shift towards helicopter money'  

    The bank's report came as the Bank of Japan started a two-day meeting on Thursday, after which it is widely expected to launch another major stimulus program. Prime Minister Shinzo Abe is seen announcing a fiscal stimulus package ...

    28 Jul 2016, 12.51 pm  |  Source: CNBC

  • Shanghai Fosun Pharma halts share trading

    Shanghai Fosun Pharma halts share trading  

    It is the first injectable drug manufacturer in India which has been approved by the United States Food and Drug Administration and has obtained the Good Manufacturing Practice Certification in various markets in the world.

    28 Jul 2016, 11.28 am  |  Source: PTI

  • How `Pokemon Go` could pave the way for more profits at Nintendo

    How 'Pokemon Go' could pave the way for more profits at Nintendo  

    At heart of the revival could be the success the company has enjoyed through its runaway hit "Pokemon Go," its second ever venture into the mobile gaming space.

    28 Jul 2016, 11.00 am  |  Source: CNBC

  • Obama gives a ringing pitch for Clinton, slams Trump`s claims

    Obama gives a ringing pitch for Clinton, slams Trump's claims  

    The 44th United States president highlighted what he deemed the successes of his nearly eight years in office, saying Americans "fueled (his) dogged faith in our future, even when the odds are great."

    28 Jul 2016, 9.31 am  |  Source: CNBC

  • Shinzo Abe`s fiscal stimulus talk puts onus on BOJ to ease

    Shinzo Abe's fiscal stimulus talk puts onus on BOJ to ease  

    A report by news agency Jiji that Abe had revealed a 28 trillion yen (USD 265 billion) injection, which Reuters estimates at 6 percent of Japan's economy, surprised markets as many anticipated Tokyo would announce a fiscal package...

    28 Jul 2016, 9.31 am  |  Source: CNBC

  • IBM offers its technology to help track spread of Zika

    IBM offers its technology to help track spread of Zika  

    Oswaldo Cruz Foundation (Fiocruz), a leading research institution affiliated with the Brazilian Ministry of Health, plans to use IBM's technology to analyze information from official data about human travel patterns to anecdotal o...

    28 Jul 2016, 9.15 am  |  Source: Reuters

  • Gulf Oil aims at robust growth; to focus on car segment

    Gulf Oil aims at robust growth; to focus on car segment  

    The company had ramped up its first plant at Silvassa to 90,000 MT from 75,000 MT recently at a capital expenditure of Rs 40-45 crore.

    28 Jul 2016, 8.58 am  |  Source: PTI

  • China`s gaming industry rakes up $11.8 bn this year

    China's gaming industry rakes up $11.8 bn this year  

    The country's gaming market expanded 30 percent year on year, in the first half of 2016, with sales revenue hitting 78.8 billion yuan (USD 11.8 billion).

    28 Jul 2016, 8.54 am  |  Source: PTI

  • Teva, Allergan win US antitrust approval for generics deal

    Teva, Allergan win US antitrust approval for generics deal  

    The USD 40.5 billion deal, which was announced in July 2015, solidifies Teva's position as the world's No. 1 maker of generics while freeing Allergan to focus on branded drugs.

    28 Jul 2016, 8.02 am  |  Source: Reuters

  • Fed leaves rates unchanged but says US economy improving

    Fed leaves rates unchanged but says US economy improving  

    Policy makers had not been expected to raise rates, out of concern that a hike could stifle fragile growth.

    28 Jul 2016, 7.36 am  |  Source: PTI

  • Excalibur says still keen to buy Tata`s UK steel business

    Excalibur says still keen to buy Tata's UK steel business  

    "The Excalibur Board has concluded it will continue the development of a series of opportunities that help meet its ambitions and plans to acquire the Tata Steel UK business," an emailed statement said.

    27 Jul 2016, 10.36 pm  |  Source: Reuters

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