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Budget 2017

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World News

  • Alibaba`s revenue beats estimates on strong Single Day sales

    Alibaba's revenue beats estimates on strong Single Day sales  

    Chinese e-commerce company Alibaba Group Holding Ltd reported a better-than-expected 54 percent rise in third-quarter revenue, helped mainly by higher sales during its Single's Day shopping event.

    24 Jan 2017, 5.08 pm  |  Source: Reuters

  • Trump calls for more US auto jobs, factories ahead of CEO meet

    Trump calls for more US auto jobs, factories ahead of CEO meet  

    US President Donald Trump on Tuesday will push the chief executives of General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV to increase production in the United States and boost American employment.

    24 Jan 2017, 5.08 pm  |  Source: Reuters

  • Toshiba plans to split off chip business on Friday: Sources

    Toshiba plans to split off chip business on Friday: Sources  

    Toshiba Corp's board will meet on Friday to approve plans to make its chip business a separate company and hopes to raise more than 200 billion yen (USD1.8 billion) by selling a 20 percent stake in it, a person with direct knowled...

    24 Jan 2017, 4.48 pm  |  Source: Reuters

  • UK government loses Brexit legal challenge

    UK government loses Brexit legal challenge   

    The judgement means the British Prime Minister cannot trigger Article 50 of the Lisbon Treaty to officially begin Brexit negotiations with the EU until Britain's MPs and peers give their backing.

    24 Jan 2017, 3.42 pm  |  Source: PTI

  • Trump warns CEOs of huge border tax if they shift jobs abroad

    Trump warns CEOs of huge border tax if they shift jobs abroad  

    During a breakfast meeting with America's top 12 business leaders in the White House on his first full day in office yesterday, Trump said a "wave" of manufacturing is now headed back to the US and warned the CEOs of consequences ...

    24 Jan 2017, 2.52 pm  |  Source: PTI

  • Etihad Airways chief James Hogan to step down: Statement

    Etihad Airways chief James Hogan to step down: Statement  

    The government-owned carrier said the move is part of a "transition process" initiated by its board and Hogan last year.

    24 Jan 2017, 12.56 pm  |  Source: PTI

  • US to pursue bilateral trade deals with allies around globe

    US to pursue bilateral trade deals with allies around globe  

    The White House announcement in this regard came soon after President Donald Trump issued a memorandum withdrawing the US from the Trans-Pacific Partnership, a multilateral agreement that includes the US and 11 other countries.

    24 Jan 2017, 12.38 pm  |  Source: PTI

  • Donald Trump resigns from businesses, leaves sons, CFO in charge

    Donald Trump resigns from businesses, leaves sons, CFO in charge  

    In a statement, the spokesperson, who asked not to be identified, said Trump had transferred title, management and authority of the companies to a trust under the management of his sons Don and Eric and of Allen Weisselberg, chief...

    24 Jan 2017, 12.08 pm  |  Source: CNBC

  • More businesses must work with suppliers to curb climate change

    More businesses must work with suppliers to curb climate change  

    "The supply chain is the new frontier in environmental responsibility – an area rich with opportunity that remains mostly unexplored," non-profit group CDP, formerly known as the Carbon Disclosure Project, wrote in its report pu...

    24 Jan 2017, 10.46 am  |  Source: Reuters

  • Dubai airport remains world`s busiest international airport

    Dubai airport remains world's busiest international airport  

    Annual traffic rose 7.2 percent to 83.6 million passengers in 2016 from a year ago, the operator said in a statement on Tuesday.

    24 Jan 2017, 10.41 am  |  Source: Reuters

  • Takata shares lose nearly half their value in less than a week

    Takata shares lose nearly half their value in less than a week  

    The stock has been hit by a glut of sell orders since the Nikkei business daily said on Thursday that Swedish air bag maker Autoliv Inc and a group led by US auto parts supplier Key Safety Systems, two bidding groups for Takata, w...

    24 Jan 2017, 9.58 am  |  Source: Reuters

  • US judge approves Volkswagen dealers $1.2 billion settlement

    US judge approves Volkswagen dealers $1.2 billion settlement  

    US District Judge Charles Breyer said the 650 US dealers would be paid over 18 months, ruling the settlement "fair, reasonable, and adequate."

    24 Jan 2017, 9.30 am  |  Source: Reuters

  • US warns China over South China Sea dispute

    US warns China over South China Sea dispute  

    "So it's a question of if those islands are in fact in international waters and not part of China proper, then yes, we're gonna make sure that we defend international territories from being taken over by one country," Spicer said.

    24 Jan 2017, 9.28 am  |  Source: PTI

  • Australia opens door to China in push to save TPP

    Australia opens door to China in push to save TPP  

    The deal included a dozen Asia-Pacific nations that together account for 40 per cent of the global economy, but President Donald Trump said yesterday he had "terminated" it in line with election pledges to can the "job killer" pac...

    24 Jan 2017, 9.28 am  |  Source: PTI

  • China`s 2016 fiscal revenue declines by half

    China's 2016 fiscal revenue declines by half  

    This was a sharp drop from 8.4 percent in 2015 and 8.6 percent in 2014, partly because China's business tax was replaced with a value-added tax, the ministry said in an online statement.

    24 Jan 2017, 8.40 am  |  Source: PTI

  • India opposes EU, Canada bid on investment pact at WTO

    India opposes EU, Canada bid on investment pact at WTO  

    The issue was discussed at an "informal meeting" of key WTO members, including India, China, Brazil, Japan and Australia, in Davos last week.

    24 Jan 2017, 8.38 am  |  Source: PTI

  • EU warns Britain against pre-Brexit trade talks

    EU warns Britain against pre-Brexit trade talks  

    The rebuke by the European Commission came ahead of a visit on Friday by British Prime Minister Theresa May to US President Donald Trump, with a possible trade pact on the agenda.

    24 Jan 2017, 8.36 am  |  Source: PTI

  • Donald Trump promises CEOs to slash taxes, regulation

    Donald Trump promises CEOs to slash taxes, regulation  

    He also warned the 12 corporate CEOs gathered at the White House that he would impose a "border tax" on goods imported by companies that move jobs out of the United States.

    24 Jan 2017, 8.20 am  |  Source: PTI

  • AirAsia denies role in Rolls-Royce corruption scandal

    AirAsia denies role in Rolls-Royce corruption scandal  

    After its largest ever graft probe, Britain's Serious Fraud Office (SFO) found Rolls-Royce paid massive bribes over three decades to win contracts in Indonesia, Thailand, India, Russia, Nigeria, China and Malaysia.

    24 Jan 2017, 8.20 am  |  Source: PTI

  • Yahoo beats Wall Street view, sees Verizon deal closing in Q2

    Yahoo beats Wall Street view, sees Verizon deal closing in Q2  

    The USD 4.8 billion Verizon transaction had originally been expected to close in the first quarter but was delayed by the disclosure of two major cyber breaches that exposed information from more than a billion Yahoo accounts.

    24 Jan 2017, 8.08 am  |  Source: Reuters

  • Trump rejects new lawsuit over foreign payments to his firms

    Trump rejects new lawsuit over foreign payments to his firms  

    Trump told reporters at the White House that the lawsuit filed earlier in the day by Citizens for Responsibility and Ethics in Washington was "without merit."

    24 Jan 2017, 8.06 am  |  Source: Reuters

  • UK`s May to defend free trade and Iran deal in talks with Trump

    UK's May to defend free trade and Iran deal in talks with Trump  

    Trump's election has raised questions over the future of the so-called special relationship that has underpinned close British-American ties for decades, but the new US leader has praised last year's vote to leave the EU and says ...

    24 Jan 2017, 8.04 am  |  Source: Reuters

  • Japan Jan flash mfg PMI shows fastest expansion in almost 3 yrs

    Japan Jan flash mfg PMI shows fastest expansion in almost 3 yrs  

    The Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index (PMI) rose to a seasonally adjusted 52.8 in January from a final 52.4 in the previous month.

    24 Jan 2017, 7.54 am  |  Source: Reuters

  • Donald Trump moves to withdraw from TPP trade pact

    Donald Trump moves to withdraw from TPP trade pact   

    Embarking on his first full week in office, the 45th US president began rolling out his policy agenda after a tumultuous first weekend for his administration by signing a series of executive orders.

    24 Jan 2017, 7.50 am  |  Source: PTI

  • Dollar on defensive, Asia stocks subdued amid US trade unease

    Dollar on defensive, Asia stocks subdued amid US trade unease  

    Sentiment took a fresh knock when US Treasury Secretary nominee Steven Mnuchin told senators that he would work to combat currency manipulation but would not give a clear answer on whether he views China as manipulating its yuan.

    24 Jan 2017, 7.48 am  |  Source: Reuters

  • WTO deal on importing generic medicines comes into force

    WTO deal on importing generic medicines comes into force  

    A World Trade Organization agreement allowing poor countries to import generic medicines came into force on Monday, WTO Director General Roberto Azevedo told Reuters, after the deal reached the required two-thirds support of WTO m...

    23 Jan 2017, 9.36 pm  |  Source: Reuters

  • Struggling UK steel sector needs broad govt support - MPs

    Struggling UK steel sector needs broad govt support - MPs  

    Britain's steel industry needs a comprehensive new strategy from government to boost the sector, which has struggled with red ink, plant closures and job losses in recent years, according to a report released by a parliamentary co...

    23 Jan 2017, 9.34 pm  |  Source: Reuters

  • Donald Trump not to release his tax returns: aide

    Donald Trump not to release his tax returns: aide  

    US President Donald Trump will not release his tax returns, a top aide has said though over 200,000 Americans have signed a petition, calling on him to make public the documents.

    23 Jan 2017, 9.14 pm  |  Source: PTI

  • As growth slows Emirates airline embarks

    As growth slows Emirates airline embarks   

    Emirates, the world's biggest long-haul airline, said on Monday it was in the process of only a "modest restructuring," two months after it reported a 75 percent decline in half-year profits due to slower growth and increased comp...

    23 Jan 2017, 8.24 pm  |  Source: Reuters

  • Trump to company execs: We think we can cut regulations by 75%

    Trump to company execs: We think we can cut regulations by 75%  

    US President Donald Trump told leaders of companies ranging from defense manufacturer Lockheed Martin Corp to sportswear apparel maker Under Armour Inc on Monday that he believed his administration could cut US regulations governi...

    23 Jan 2017, 8.24 pm  |  Source: Reuters

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