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World News

  • Russia’s central bank criticizes easy money policies of peers

    Russia’s central bank criticizes easy money policies of peers  

    "Whether (other) central banks still have in their possession the types of tools to influence this situation (is the subject of a very broad discussion)," Russia Central Bank Governor Elvira Nabiullina told CNBC in Moscow.

    24 Sep 2016, 2.07 pm  |  Source: CNBC

  • Snapchat to launch video-sharing sunglasses, renames itself

    Snapchat to launch video-sharing sunglasses, renames itself  

    The sunglasses, called Spectacles, can record videos with a length of up to 10 seconds, and will be priced at USD 129.99, The Wall Street Journal Journal reported.

    24 Sep 2016, 2.06 pm  |  Source: CNBC

  • 3 dead in Cascade Mall shooting in Washington, 1 gunman at large

    3 dead in Cascade Mall shooting in Washington, 1 gunman at large   

    Police are searching for at least one shooter and are sweeping stores in the mall, Sgt Mark Francis said about the shooting at the Cascade mall in Burlington, about a 100 km north of Seattle.

    24 Sep 2016, 12.26 pm  |  Source: NEWS18.com

  • Goldman axing nearly 30% of Asia investment banking jobs: Srcs

    Goldman axing nearly 30% of Asia investment banking jobs: Srcs  

    The Wall Street bank is reducing the number of bankers working on mergers and acquisitions (M&A), and equity and debt capital markets deals, the sources said. It will be left with slightly more than 200 bankers across Asia.

    24 Sep 2016, 10.59 am  |  Source: Reuters

  • UK sees slump in finance sector recruitment after Brexit vote

    UK sees slump in finance sector recruitment after Brexit vote  

    Parentlane, an online platform focussed on child development, has received undisclosed funding from Rohit MA, co-founder and Managing Director of Cloudnine Hospitals.

    24 Sep 2016, 10.04 am  |  Source: CNBC

  • Alibaba plans to launch world`s first e-commerce satellite

    Alibaba plans to launch world's first e-commerce satellite  

    Juhuasuan.com, a group shopping website affiliated with Alibaba Group, has announced plans to launch the world's very first e-commerce satellite, a report in the state-run People's Daily said.

    23 Sep 2016, 7.20 pm  |  Source: PTI

  • China to relocate 9 mn people as part of plan to end poverty

    China to relocate 9 mn people as part of plan to end poverty  

    The Chinese government has announced its plan to relocate the 9.81 million people from 22 provinces during the 13th Five-Year Plan period (2016-2020). The plan has been approved by State Council- the chief administrative authority...

    23 Sep 2016, 7.20 pm  |  Source: PTI

  • Twitter may receive formal bid;Salesforce, Google likely suitors

    Twitter may receive formal bid;Salesforce, Google likely suitors   

    The social media company is engaged in conversations with potential suitors that are said to include Google and Salesforce.com, among other technology companies, sources said.

    23 Sep 2016, 6.46 pm  |  Source: CNBC

  • Euro zone September business growth near two-year low: PMI

    Euro zone September business growth near two-year low: PMI  

    Markit's composite survey showed a big split between buoyant manufacturers and struggling service industry firms and a similar divide in growth rates among members of the currency union.

    23 Sep 2016, 2.34 pm  |  Source: Reuters

  • The Fed`s `costly failure` is leading to a 2017 bear market

    The Fed's 'costly failure' is leading to a 2017 bear market  

    "The Fed has put market sentiment before the economy yet again. It is doing US stocks no favors by provoking an unnecessary bubble with its certain subsequent burst," Charles Dumas said in a new research note Thursday, following t...

    23 Sep 2016, 2.23 pm  |  Source: CNBC

  • US tech companies pledge $650 million to aid refugees

    US tech companies pledge $650 million to aid refugees  

    Microsoft, TripAdvisor, HP and Google along with 47 other companies will help more than 80,000 children in refugee camps to get an education under a government initiative, US President Barack Obama said at the UN Leaders Summit on...

    23 Sep 2016, 2.16 pm  |  Source: PTI

  • `Rates near bottom even if recovery is disappointing`

    'Rates near bottom even if recovery is disappointing'  

    With ECB rates now well into negative territory, the potential for detrimental side effects are increasing as they cut into banking profitability and raise the risk of asset bubbles and market distortions, the policymakers said.

    23 Sep 2016, 2.15 pm  |  Source: Reuters

  • Marriott buys Starwood, becoming world`s largest hotel chain

    Marriott buys Starwood, becoming world's largest hotel chain  

    Marriott International closed this morning on its USD 13 billion acquisition of Starwood Hotels and Resorts Worldwide, bringing together its Marriott, Courtyard and Ritz Carlton brands with Starwood's Sheraton, Westin, W and St Re...

    23 Sep 2016, 12.46 pm  |  Source: PTI

  • Fuji Heavy recalls 935,000 Subaru cars over wiper issue

    Fuji Heavy recalls 935,000 Subaru cars over wiper issue  

    The recall affects cars sold in 76 countries, including the United States, where around 592,000 vehicles are affected. The Japanese automaker said it was recalling around 107,000 cars domestically.

    23 Sep 2016, 12.37 pm  |  Source: Reuters

  • Uber rival Grab partners with driverless car firm in Singapore

    Uber rival Grab partners with driverless car firm in Singapore  

    The move comes as technology companies and automakers race to build autonomous vehicles and develop new business plans for what is expected to be a long-term makeover of personal transportation.

    23 Sep 2016, 12.00 pm  |  Source: Reuters

  • Japan Sep flash mfg PMI shows expansion for 1st time in 7 months

    Japan Sep flash mfg PMI shows expansion for 1st time in 7 months  

    The IHS Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index (PMI) rose to 50.3 in September from a final 49.5 in August on a seasonally adjusted basis.

    23 Sep 2016, 11.32 am  |  Source: Reuters

  • China imposes anti-dumping measures on US distiller`s grain

    China imposes anti-dumping measures on US distiller's grain  

    The domestic industry has been "substantially" harmed by the dumping of DDGs, the Ministry of Commerce said in its preliminary ruling following an investigation launched earlier this year.

    23 Sep 2016, 11.14 am  |  Source: PTI

  • Norwegian Tesla owners sue car maker in horsepower dispute

    Norwegian Tesla owners sue car maker in horsepower dispute  

    The lawsuit said the Model S P85D delivers only 469 horsepower, instead of the promised 700 hp.

    23 Sep 2016, 8.10 am  |  Source: PTI

  • World Bank to tap capital mkts to boost loans to poorest nations

    World Bank to tap capital mkts to boost loans to poorest nations  

    The World Bank said on Thursday that its International Development Association unit, funded entirely by donor countries since its founding in 1960, now would be able to leverage its balance sheet and boost lending for clean water ...

    23 Sep 2016, 7.59 am  |  Source: Reuters

  • WTO says EU failed to comply with Airbus subsidy ruling

    WTO says EU failed to comply with Airbus subsidy ruling  

    The ruling is part of a series of tit-for-tat transatlantic complaints about aircraft subsidies that together make up the world's largest trade dispute, still raging after 12 years of bitter arguments over support for Airbus and i...

    23 Sep 2016, 7.57 am  |  Source: Reuters

  • JPMorgan tops investment bank table again, top 5 all US banks

    JPMorgan tops investment bank table again, top 5 all US banks  

    JPMorgan's revenue from trading, mergers and acquisitions and other investment banking activity was USD 12.5 billion in the six months to June, down 5.3 percent from the same period a year ago, according to data compiled by indust...

    23 Sep 2016, 7.55 am  |  Source: Reuters

  • Wal-Mart to face class-action over alleged bribery in Mexico

    Wal-Mart to face class-action over alleged bribery in Mexico  

    The allegations included that Wal-Mart's Mexican unit paid millions of dollars in bribes to speed building permits and gain other favors.

    23 Sep 2016, 7.34 am  |  Source: PTI

  • Yahoo hack hit 500 mn users, likely `state sponsored`

    Yahoo hack hit 500 mn users, likely 'state sponsored'  

    "Yahoo is working closely with law enforcement on this matter." The comments were the first confirmation from Yahoo on the huge data breach, and come after a report earlier this year quoting a security researcher saying some 200 m...

    23 Sep 2016, 7.32 am  |  Source: PTI

  • Lamborghini bets on India, brings in Huracan Avio at Rs 3.71cr

    Lamborghini bets on India, brings in Huracan Avio at Rs 3.71cr  

    Italian super sports car maker Lamborghini expects India to be among its top 15 global markets in five years once it introduces its upcoming SUV Urus.

    22 Sep 2016, 7.24 pm  |  Source: PTI

  • China and Brexit pose risks to global growth, says ECB

    China and Brexit pose risks to global growth, says ECB  

    Global growth will motor along but the recovery will be gradual and uneven with heightened uncertainty, even as the United States, the world's biggest economy, is expected to recover, the ECB said in a regular economic bulletin.

    22 Sep 2016, 4.01 pm  |  Source: Reuters

  • Janet Yellen is afraid of Donald Trump, says strategist

    Janet Yellen is afraid of Donald Trump, says strategist  

    "(Fed Chair Janet Yellen) says that she won't go into politics, she won't go into politics, she won't discuss it. But I think the reality of the situation is she's afraid of Donald Trump," he told CNBC Thursday.

    22 Sep 2016, 3.42 pm  |  Source: CNBC

  • Rocket Internet trims losses, increases debt buyback

    Rocket Internet trims losses, increases debt buyback  

    Rocket Internet shares, which have been hit by concerns about mounting losses and cuts to the valuation of some of its leading start-ups, were up 2.7 percent by 0731 GMT, but were still down 30 percent on the year.

    22 Sep 2016, 2.58 pm  |  Source: Reuters

  • Baosteel takes over Wuhan to create world`s No.2 steelmaker

    Baosteel takes over Wuhan to create world's No.2 steelmaker  

    The new entity will be named China Baowu Steel Group, the Baosteel Group's listed units Bayi Iron & Steel and Baosteel Packaging said in a separate filing on Thursday.

    22 Sep 2016, 2.17 pm  |  Source: Reuters

  • G4 nations demand comprehensive reform of UN Security Council

    G4 nations demand comprehensive reform of UN Security Council  

    Minister of State for External Affairs M J Akbar, Federal Foreign Minister of Germany Frank-Walter Steinmeier, Foreign Minister of Brazil Jose Serra and Foreign Minister of Japan Fumio Kishida met at the G4 meeting here yesterday ...

    22 Sep 2016, 1.20 pm  |  Source: PTI

  • China foreign expenditure tops inward investment for 1st time

    China foreign expenditure tops inward investment for 1st time  

    Overseas direct investment soared more than 18 percent to an all-time high of over USD145 billion last year, exceeding the USD 135.6 billion of foreign direct investment, according to the 2015 Statistical Bulletin of China's Outwa...

    22 Sep 2016, 1.20 pm  |  Source: PTI

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