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Joe Biden holds bilateral meeting with Chinese President Xi Jinping in San Francisco

Joe Biden holds bilateral meeting with Chinese President Xi Jinp...

Thu, Nov 16, 2023

US President Joe Biden on November 16 held a bilateral meeting with China President Xi Jinping in San Francisco in the USA. The meeting was held on the sidelines of the Asia-Pacific Economic Cooperation (APEC). The purpose behind the meeting was for both sides to make efforts to increase high-level communication amid continued tensions.

Chinese President Xi Jinping Arrives in San Francisco for Crucial Talks with Biden

Chinese President Xi Jinping Arrives in San Francisco for Crucial...

Wed, Nov 15, 2023

Chinese President Xi Jinping arrived in San Francisco. This marked the commencement of his first visit to the United States in six years. Jinping is due to meet US President Joe Biden at an undisclosed location in the San Francisco Bay Area. He will also attend the annual summit of the Asia Pacific Economic Cooperation (APEC) forum.

US stock market falls drastically, S&P 500 falls by 7%

US stock market falls drastically, S&P 500 falls by 7%

Mon, Mar 09, 2020

Trading was halted this morning on the major stock exchanges after the S&P 500 fell by 7%, one of the so-called circuit breakers to block an absolute market path.

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Verizon says massive Yahoo hack could impact $4.8 billion deal

Verizon says massive Yahoo hack could impact $4.8 billion deal

Fri, Oct 14, 2016

Verizon said on Thursday the massive breach affecting 500 million Yahoo customers could have a "material" effect on the $4.8 billion (nearly Rs 31,933.2 crore) deal to acquire key assets of the Internet group.

Amazon to expand grocery business with quick pickup stores

Wed, Oct 12, 2016

Online retail giant Amazon plans to expand its grocery business with shops that let people quickly pick up milk, vegetables or other perishable foods, the Wall Street Journal reported on Tuesday.

Crude oil edges up before producer talks on output curbs

Crude oil edges up before producer talks on output curbs

Wed, Oct 12, 2016

Crude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.

ITC to sell 100% stake in King Maker Marketing for nearly Rs 160 crore

ITC to sell 100% stake in King Maker Marketing for nearly Rs 160 crore

Mon, Oct 10, 2016

India's multi-business conglomerate ITC has announced divestment of 100% stake in its wholly-owned subsidiary King Maker Marketing to United States' (US) firm Premier Manufacturing for estimated amount of $24 million (nearly Rs 159.7 crore).

IMF chief gives Deutsche Bank tough advice on reform, need for fine deal

IMF chief gives Deutsche Bank tough advice on reform, need for fine deal

Fri, Oct 07, 2016

IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany's biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.

Entire oil futures curve moves above $50 as financial confidence in crude rises

Entire oil futures curve moves above $50 as financial confidence in crude rises

Fri, Oct 07, 2016

US oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above that level in a sign that financial markets have increasing confidence in the sector.

Tesco rings up improving results amid supermarket war

Tesco rings up improving results amid supermarket war

Wed, Oct 05, 2016

Troubled British supermarket giant Tesco, the nation's biggest retailer, rang up improving earnings on Wednesday in the face of fierce competition, particularly from German-owned discounters Aldi and Lidl.

Wells Fargo account scandal extends to small business: US senator

Wells Fargo account scandal extends to small business: US senator

Wed, Oct 05, 2016

The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a US lawmaker, raising questions about the scope the bank's issues with unauthorised accounts.

Yahoo secretly scanned customer emails for US intelligence

Yahoo secretly scanned customer emails for US intelligence

Wed, Oct 05, 2016

Yahoo Inc last year secretly built a custom software program to search all of its customers' incoming emails for specific information provided by US intelligence officials, according to people familiar with the matter.

IMF maintains 3.1% global growth forecast in 2016

IMF maintains 3.1% global growth forecast in 2016

Tue, Oct 04, 2016

The IMF revised down its 2016 growth prospects for advanced economies following a slowdown in the United States and Britain`s vote to leave the European Union

Oil prices dip on surging Iran sales, but looming OPEC deal offers support

Oil prices dip on surging Iran sales, but looming OPEC deal offers support

Tue, Oct 04, 2016

Oil prices dipped early on Tuesday, weighed down by a rise in Iranian exports that adds to a global supply overhang, although a planned OPEC-led supply cut later this year has lent crude some support.

India's Ease of Doing Business rank should improve: Kaushik Basu

India's Ease of Doing Business rank should improve: Kaushik Basu

Sun, Oct 02, 2016

Hoping India will improve its ranking on World Bank's Ease of Doing Business Index, eminent economist Kaushik Basu has said the government also needs to be more active in promoting cohesiveness and diversity in the society, as economic reforms with political and social inclusiveness can help the

RBI policy, macroeconomic data key for markets this week: Experts

RBI policy, macroeconomic data key for markets this week: Experts

Sun, Oct 02, 2016

Outcome of the Reserve Bank of India (RBI) policy meeting on Tuesday and macroeconomic data would set the trading sentiment in the stock market this week, say experts.

Nigeria takes on oil majors over 'illegal exports'

Nigeria takes on oil majors over 'illegal exports'

Fri, Sep 30, 2016

Chevron and Total on Friday failed to have a court throw out a case implicating them in the alleged failure to declare billions of dollars of crude exports from Nigeria.

Around 73% of Indian SMEs expect positive outlook for biz in next 6 months: Survey

Around 73% of Indian SMEs expect positive outlook for biz in next 6 months: Survey

Fri, Sep 30, 2016

Around 73% of small and medium-sized enterprises (SMEs) in India expect positive outlook for their businesses in the next six months, said a latest survey.

Lupin gets USFDA approval for generic Alzheimer treatment capsule

Lupin gets USFDA approval for generic Alzheimer treatment capsule

Thu, Sep 29, 2016

Pharma major Lupin on Thursday said it has received final approval from the US health regulator to market its memantine hydrochloride extended-release capsules, which are used in the treatment of the Alzheimer's disease.

US seeks accused Manila banker's help to crack Bangladesh heist

US seeks accused Manila banker's help to crack Bangladesh heist

Wed, Sep 28, 2016

The FBI is negotiating with a former branch manager of a Philippines bank for information relating to $81 million (nearly Rs 538.9 crore) that she handled after it was stolen from the Bangladesh central bank's account at the New York Federal Reserve, her lawyer said.

Jim Yong Kim gets second term as World Bank's President

Jim Yong Kim gets second term as World Bank's President

Wed, Sep 28, 2016

The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced on Tuesday.

US fines RBS bank $1.1 billion over pre-crisis mortgages

US fines RBS bank $1.1 billion over pre-crisis mortgages

Wed, Sep 28, 2016

Royal Bank of Scotland on Wednesday said it had agreed a fine of $1.1 billion (982 million euros) with US authorities over the alleged mis-selling of mortgage securities ahead of the 2008 financial crisis.

US drugmaker Pfizer abandons plan to split into two companies; stock falls nearly 2%

US drugmaker Pfizer abandons plan to split into two companies; stock falls nearly 2%

Mon, Sep 26, 2016

US drugmaker Pfizer Inc, which has been considering a split into two companies for more than two years, said on Monday it would not do so because the move would not create any shareholder value.

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