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Asia shares at five-month highs as rate bets pile up

Asia shares at five-month highs as rate bets pile up

Thu, Dec 28, 2023

MSCI's broadest index of Asia-Pacific shares outside Japan has also gained 10 per cent in two months and added another 0.3 per cent on Thursday to its highest since August.

Toyota recalling 1.12 million vehicles over potential air bag issue

Toyota recalling 1.12 million vehicles over potential air bag issue

Thu, Dec 21, 2023

Toyota in July 2022 issued a recall for 3,500 RAV4 vehicles in the United states that because of potential interference between internal parts that could cause the OCS sensor to incorrectly detect the occupant.

Giant batteries drain economics of gas power plants

Giant batteries drain economics of gas power plants

Tue, Nov 21, 2023

Banks are focused on financing plants that have guaranteed revenues, three bankers involved in energy project finance said, asking not to be named because they were not authorised to speak to the press.

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Amazon plans to open first physical food-only outlets in India; to sell local products on offline & online platforms

Thu, Feb 16, 2017

Amazon is planning to open first physical food-only oultets in India to sell locally produced food items on offline as well as online platforms.

BofA Merrill Lynch, UBS, others fight for $40 million fee pot in advising on Vodafone India merger with Idea Cellular

BofA Merrill Lynch, UBS, others fight for $40 million fee pot in advising on Vodafone India merger with Idea Cellular

Wed, Feb 15, 2017

BofA Merrill Lynch, UBS and Standard Chartered are among banks who are scrambling to win advisory roles in a potential merger of Vodafone India and Idea Cellular.

Infosys CEO Vishal Sikka attempts to quell tensions with company founders

Infosys CEO Vishal Sikka attempts to quell tensions with company founders

Mon, Feb 13, 2017

Infosys chief executive officer Vishal Sikka on Monday attempted to allay concerns over a corporate governance row between the software services firm and its founders stating that his relations with N R Narayana Murthy and co-founders were excellent.

Reckitt Benckiser to buy Mead Johnson Nutrition for $16.6 billion

Reckitt Benckiser to buy Mead Johnson Nutrition for $16.6 billion

Fri, Feb 10, 2017

Reckitt Benckiser has agreed to buy US baby formula maker Mead Johnson Nutrition for $16.6 billion which will help the company to increase its presence in developing markets

Action taken against Amazon for sale of tricolour doormats: Govt

Action taken against Amazon for sale of tricolour doormats: Govt

Thu, Feb 02, 2017

The issue of tricolour doormats and slippers sold by online shopping portal Amazon had its echo in the Rajya Sabha today with members raising concern over the matter and the government saying that action has been taken and these have had their desired effect.

US president Donald Trump should analyse skill shortage in US before signing bill on immigration: Nasscom

US president Donald Trump should analyse skill shortage in US before signing bill on immigration: Nasscom

Tue, Jan 31, 2017

India's software industry body Nasscom has suggested US president Donald Trump to calibrate the conditions keeping in mind the skill shortage in the US.

Thai Airways to probe jet engine maker Rolls-Royce corruption

Thai Airways to probe jet engine maker Rolls-Royce corruption

Thu, Jan 19, 2017

Thailand`s flagship airline on Thursday said it had launched a probe into revelations that Rolls-Royce paid millions of dollars in bribes to win contracts, including to airline employees and government officials.

US sues JPMorgan for alleged mortgage discrimination

US sues JPMorgan for alleged mortgage discrimination

Wed, Jan 18, 2017

The United States (US) on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.

OPEC oil output inches down after November deal

OPEC oil output inches down after November deal

Wed, Jan 18, 2017

OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel`s new monthly report showed on Wednesday.

Donald Trump tax cuts could mean more Novartis investment in US

Donald Trump tax cuts could mean more Novartis investment in US

Wed, Jan 18, 2017

Donald Trump`s plans to cut US corporate tax rates could trigger increased investment in the United States (US) by Novartis, its chief executive told Reuters, despite the president-elect`s recent harsh words on drug prices.

General Motors says to invest additional $1 billion in US

General Motors says to invest additional $1 billion in US

Tue, Jan 17, 2017

General Motors Co said on Tuesday it would invest an additional $1 billion (nearly Rs 6,652.8 crore) in its US factories, moving some production from Mexico.

Wal-Mart to create 10,000 US jobs in 2017

Wal-Mart to create 10,000 US jobs in 2017

Tue, Jan 17, 2017

Wal-Mart Stores Inc said it would create about 10,000 jobs in the United States (US) this year, adding to its near 1.5 million workforce in the country, by opening or remodeling stores and investing in its e-commerce business.

Economic globalisation has become a 'Pandora's Box' for many: Xi Jinping

Economic globalisation has become a 'Pandora's Box' for many: Xi Jinping

Tue, Jan 17, 2017

While Xi did not mention Donald Trump in his speech of nearly an hour but many of the messages he sent seemed directed at the US president-elect.

Investor worries over Donald Trump, US policy on the rise: BAML

Investor worries over Donald Trump, US policy on the rise: BAML

Tue, Jan 17, 2017

Worries over Donald Trump`s economic policies and the potential for US policy errors rose sharply this month, according to a survey of fund managers released on Tuesday, prompting them to hold more cash even though they expect growth and inflation to rise further.

Brexit worries push gold prices to highest in over 7 weeks

Brexit worries push gold prices to highest in over 7 weeks

Tue, Jan 17, 2017

Gold prices hit their highest in more than seven weeks on Tuesday, boosted by safe-haven buying ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a "hard Brexit".

India's fuel consumption to hit 200 million tonnes in 2016-17: Oil Ministry

India's fuel consumption to hit 200 million tonnes in 2016-17: Oil Ministry

Mon, Jan 16, 2017

India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.

Toyota adds 543,000 vehicles to Takata air bag recalls in United States

Toyota adds 543,000 vehicles to Takata air bag recalls in United States

Fri, Jan 13, 2017

Toyota Motor Corp says it is recalling another 543,000 vehicles in the United States (US) for defective front passenger air bag inflators made by Japan's Takata Corp.

China posts worst export fall since 2009 as fears of US trade war loom

China posts worst export fall since 2009 as fears of US trade war loom

Fri, Jan 13, 2017

China`s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States (US) that is clouding the outlook for 2017.

Volkswagen to keep Mexico factories, executive says

Volkswagen to keep Mexico factories, executive says

Mon, Jan 09, 2017

The head of the Volkswagen (VW) brand of cars said his company would continue to manufacture in Mexico and pledged to produce electrified vehicles in the United States (US).

India to suffer damage due to US-China trade war: Assocham

India to suffer damage due to US-China trade war: Assocham

Sun, Jan 08, 2017

India may suffer collateral damage to its economy if it finds itself in the crossfire in the escalating trade war triggered by US President-elect Donald Trump with Mexico and China, industry chamber Assocham said on Sunday.

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