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World News

  • So this is what `full employment` looks like?

    So this is what 'full employment' looks like?  

    With Friday's nonfarm payrolls report showing that the goal has been achieved, perhaps the Fed can raise the "Mission Accomplished" banner along with a welcome mat to the world of "full employment."

    06 Feb 2016, 4.50 pm  |  Source: CNBC

  • London garage seen selling for $261,000 or more

    London garage seen selling for $261,000 or more  

    The price of the garage is close to that of the average house in England and Wales, which is euro 188,270, according to the Land Registry House Price Index.

    06 Feb 2016, 4.49 pm  |  Source: CNBC

  • Why US tech giants are buying British AI start-ups

    Why US tech giants are buying British AI start-ups  

    Microsoft announced that it had acquired London-based Swiftkey, an AI start-up that makes a predictive keyboard for smartphones, on Wednesday for USD 250 million, sources close to the deal told CNBC.

    06 Feb 2016, 4.49 pm  |  Source: CNBC

  • PBOC to fine tune policy, keep yuan stable: Q4 monetary report

    PBOC to fine tune policy, keep yuan stable: Q4 monetary report  

    China will also maintain an appropriate level of liquidity and achieve reasonable growth of money and credit, the People's Bank of China (PBOC) said in the report.

    06 Feb 2016, 4.02 pm  |  Source: Reuters

  • Magnitude 6.4 earthquake hits Taiwan: USGS

    Magnitude 6.4 earthquake hits Taiwan: USGS  

    A 17-story building has collapsed in Tainan, a local fire brigade official told Reuters. They added that 123 people have been rescued from the building.

    06 Feb 2016, 2.22 pm  |  Source: Reuters

  • Alibaba denies blame for 20 million hack attempt

    Alibaba denies blame for 20 million hack attempt  

    According to the reports, hackers were using the hacked accounts to place fake orders on Taobao to boost sellers' ratings. They also sold accounts on so they could be used for fraud.

    06 Feb 2016, 1.54 pm  |  Source: CNBC

  • World economy seems trapped in `death spiral`: Citi

    World economy seems trapped in 'death spiral': Citi  

    Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the US.

    06 Feb 2016, 1.53 pm  |  Source: CNBC

  • VW postpones 2015 results, AGM as scandal effects unclear

    VW postpones 2015 results, AGM as scandal effects unclear  

    VW said it expects an operating group result before special items that is "at the level of the prior year within the expected range for fiscal 2015".

    06 Feb 2016, 1.53 pm  |  Source: Reuters

  • Proposed oil tax can be a good thing for US economy: Obama

    Proposed oil tax can be a good thing for US economy: Obama  

    "We're going to impose a tax on a barrel of oil imported, exported, so that some of that revenue can be used for transportation. Some of that revenue can be used for the investments in basic research and technology that's going to...

    06 Feb 2016, 12.53 pm  |  Source: PTI

  • IMF asks Sri Lanka to reduce budget deficit, improve funds

    IMF asks Sri Lanka to reduce budget deficit, improve funds  

    "While Sri Lanka's public debt has risen to over 74 percent of GDP by 2015-end; capital outflows have intensified and the overall balance of payments has deteriorated," the IMF said at the conclusion of its annual review for which...

    06 Feb 2016, 12.52 pm  |  Source: PTI

  • India is our largest market outside US: Domino`s Pizza`s Boss

    India is our largest market outside US: Domino's Pizza's Boss   

    J Patrick Doyle, President and CEO, Domino's Pizza, says the country is the largest market outside US and Jubilant Foodworks and Domino have set out together from a long-term of view.

    05 Feb 2016, 10.06 pm  |  Source: CNBC-TV18

  • Negative rates in US? Here`s why it could happen

    Negative rates in US? Here's why it could happen  

    Intensifying recession fears, volatile financial markets and moves toward negative rates by other central banks have triggered speculation over whether the Fed may have to reverse course on its tightening policy.

    05 Feb 2016, 8.05 pm  |  Source: CNBC

  • Lack of mfg capacity, reliance on India may hurt US API cos: BoA

    Lack of mfg capacity, reliance on India may hurt US API cos: BoA  

    BofA ML, in a report titled ‘Media news: US making API mfg mandatory locally for Govt. supplies; minimal impact’, says that while the main motive behind the move is to promote API industry, it could directly impact the core co...

    05 Feb 2016, 5.44 pm  |  Source: Moneycontrol.com

  • WikiLeaks founder Assange `arbitrarily detained`: UN panel

    WikiLeaks founder Assange 'arbitrarily detained': UN panel  

    "WikiLeaks founder Julian Assange has been arbitrarily detained by Sweden and the United Kingdom since his arrest in London on 7 December 2010," the United Nations Working Group on Arbitrary Detention said today.

    05 Feb 2016, 2.22 pm  |  Source: PTI

  • Barack Obama to seek new tax on oil in Budget proposal

    Barack Obama to seek new tax on oil in Budget proposal  

    The proposed fee, which would be paid by oil companies and phased in over five years, was quickly met with scorn by lawmakers in the Republican-controlled Congress.

    05 Feb 2016, 8.04 am  |  Source: Reuters

  • Foxconn offers to invest around $5.6 billion in Sharp: Sources

    Foxconn offers to invest around $5.6 billion in Sharp: Sources  

    Sharp has chosen Foxconn as its preferred bidder in takeover talks. One source said Sharp's board on Thursday had voted 13-0 to negotiate with Foxconn instead of a state-backed Japanese fund, the Innovation Network Corp of Japan.

    05 Feb 2016, 8.04 am  |  Source: Reuters

  • Automakers to recall 5 mn vehicles for another air bag problem

    Automakers to recall 5 mn vehicles for another air bag problem  

    The documents, posted today on the National Highway Traffic Safety Administration website, said Continental will notify automakers, who will recall cars dating as far back as 2006.

    05 Feb 2016, 7.56 am  |  Source: PTI

  • Pakistan to clock 4.5% growth: IMF

    Pakistan to clock 4.5% growth: IMF  

    "Economic activity remains robust," IMF's mission chief to Pakistan Harald Finger said yesterday after a delegation of the world body led by him met with Pakistani officials in Dubai on the 10th review of Pakistan's economic progr...

    05 Feb 2016, 7.55 am  |  Source: PTI

  • No 'draconian measures' for Greece: IMF's Christine Lagarde  

    Christine Lagarde spoke yesterday as Greece was hit by a general strike that brought tens of thousands of people into the streets in protest over pension reforms, a key part of Greece's latest economic bailout by the European Uni...

    05 Feb 2016, 7.55 am  |  Source: PTI

  • IMF to consider boosting precautionary financing: Lagarde

    IMF to consider boosting precautionary financing: Lagarde  

    In a speech at the University of Maryland, Lagarde said that advanced economies should take steps to support growth through accommodative monetary policy and infrastructure spending

    04 Feb 2016, 10.11 pm  |  Source: Reuters

  • Ex-drug exec Shkreli invokes Fifth Amendment before Congress

    Ex-drug exec Shkreli invokes Fifth Amendment before Congress  

    Shkreli, 32, sparked outrage last year among patients, medical societies and Democratic presidential front-runner Hillary Clinton after Turing raised the price of 62-year-old Daraprim to USD 750 a pill from USD 13.50

    04 Feb 2016, 9.54 pm  |  Source: Reuters

  • UN panel rules in favour of Assange: Report

    UN panel rules in favour of Assange: Report  

    No official announcement has yet been made by the United Nations' Working Group on Arbitrary Detention in Geneva but BBC Radio 4 reported that it understands the decision has been made in Assange's favour.

    04 Feb 2016, 8.04 pm  |  Source: IBNLive.com

  • Blaming low oil prices, Shell to fire 10K employee worldwide

    Blaming low oil prices, Shell to fire 10K employee worldwide  

    Shell is reducing investment, cutting nearly 10,000 jobs and selling assets to cope with the downturn.

    04 Feb 2016, 8.01 pm  |  Source: Reuters

  • China`s Alibaba seeks sporting gold

    China's Alibaba seeks sporting gold  

    The comments by Zhang Dazhong, chief executive of its Alisports unit, come as Chinese football clubs rank second only to English in spending during the winter transfer window and President Xi Jinping harbours dreams of winning a W...

    04 Feb 2016, 3.12 pm  |  Source: PTI

  • TPP deal will give US advantage over other economies: Obama

    TPP deal will give US advantage over other economies: Obama   

    The US-led Trans Pacific Partnership (TPP), which was signed by 12 countries in New Zealand, would bolster American leadership abroad and support good jobs at home, Obama said. "TPP will bolster our leadership abroad and support g...

    04 Feb 2016, 12.16 pm  |  Source: PTI

  • Sharp to accept Foxconn`s over $5.9 bn offer: Sources

    Sharp to accept Foxconn's over $5.9 bn offer: Sources  

    Hon Hai, also known as Foxconn and one of Apple's key iPhone assemblers, offered over 700 billion yen (USD 5.9 billion) for Sharp, more than double the amount of investment proposed by the fund, according to Japanese broadcaster N...

    04 Feb 2016, 10.48 am  |  Source: CNBC

  • Julian Assange to accept arrest, if loses UN case

    Julian Assange to accept arrest, if loses UN case  

    Julian Assange, 44, is wanted in Sweden for questioning over allegations of rape in 2010 which the Australian denies.

    04 Feb 2016, 10.47 am  |  Source: Reuters

  • Honda to recall 2.2 million vehicles for Takata air bag trouble

    Honda to recall 2.2 million vehicles for Takata air bag trouble  

    The recall is a big chunk of the 5 million additional vehicles to be repaired for Takata inflator problems that US safety regulators announced last month.

    04 Feb 2016, 10.46 am  |  Source: PTI

  • China growth to remain weak, deflationary pressure increasing

    China growth to remain weak, deflationary pressure increasing  

    Lu Lei, head of research at the People's Bank of China, said that China's economic stability could face rising risks from financial turbulence.

    04 Feb 2016, 10.19 am  |  Source: Reuters

  • Google expands self-driving car testing to Washington state

    Google expands self-driving car testing to Washington state  

    The company's Google unit has conducted autonomous vehicle testing for six years in Mountain View, California, where it is based, and it expanded testing to Austin, Texas last summer.

    04 Feb 2016, 10.17 am  |  Source: Reuters

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