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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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Trump has economic grace period, despite uncertainties

Trump has economic grace period, despite uncertainties

Sun, Jan 08, 2017

Donald Trump has not yet taken office, but he is already boasting that his election has restored confidence in the American economy, and saved jobs.

Citi India reduces home loan rates by 0.7% to 8.80%; effective January 9

Citi India reduces home loan rates by 0.7% to 8.80%; effective January 9

Fri, Jan 06, 2017

In a bid to provide competitive housing loan interest rates to home buyers, Citi India announced revision of its home loan rate by 0.7% on Friday.

South Korea regulator fines Qualcomm $854 million for violating competition laws

South Korea regulator fines Qualcomm $854 million for violating competition laws

Wed, Dec 28, 2016

South Korea`s antitrust regulator fined Qualcomm Inc 1.03 trillion won ($854 million) for what it called unfair business practices in patent licensing and modem chip sales, a decision the US firm said it will challenge in court.

YouTube signs up 'The Rock' for new pay channel

YouTube signs up 'The Rock' for new pay channel

Tue, Oct 18, 2016

YouTube has signed up the world's highest paid actor Dwayne "The Rock" Johnson and Doug Liman, the director of "The Bourne Identity", to make shows for its subscription service, it said late on Monday.

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.

Intel Corporation raises Q3 revenue forecast as PC market improves

Intel Corporation raises Q3 revenue forecast as PC market improves

Sat, Sep 17, 2016

Intel Corporation raised its quarterly revenue forecast for the first time in more than two years as suppliers of parts used in personal computers replenish their inventory amid improving PC demand.

India loses WTO appeal in solar power dispute against US

India loses WTO appeal in solar power dispute against US

Sat, Sep 17, 2016

India lost its appeal at the World Trade Organisation (WTO) in a dispute over solar power on Friday, failing to overturn a US complaint that New Delhi had discriminated against importers in the Indian solar power sector.

Hope India will continue to prioritise low inflation, says Raghuram Rajan

Hope India will continue to prioritise low inflation, says Raghuram Rajan

Tue, Sep 06, 2016

Raghuram Rajan, whose tenure as the RBI Governor ended this week, hopes the process of cleaning up Indian banks will be finished and the government will continue to prioritise "low inflation".

China signals growth, not political disputes, should dominate G20

China signals growth, not political disputes, should dominate G20

Mon, Aug 15, 2016

China expects next month's summit of the G20 which it is hosting will focus on boosting economic growth and other financial issues rather than disputes like the South China Sea, senior officials said on Monday.

Oil prices edge up on potential producer action to prop up market

Oil prices edge up on potential producer action to prop up market

Mon, Aug 15, 2016

Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11% since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.

Raghuram Rajan's 'Three-Year' Journey

Raghuram Rajan's 'Three-Year' Journey

Tue, Aug 09, 2016

RBI Governor Raghuram Rajan on Tuesday presented his last monetary policy whereby he kept the key interest rates unchanged. Rajan assumed charge as the 23rd Governor of the Reserve Bank of India (RBI) on September 4, 2013, and will complete his tenure on September 4 this year.

Obscene Inequality: 19 million people control $79 trillion of wealth

Obscene Inequality: 19 million people control $79 trillion of wealth

Wed, Jun 08, 2016

1% of the world’s population controls almost half of the world’s wealth, Boston Consulting Group's annual report on global private wealth said. This means that nearly 19 million households around the globe control assets worth nearly $79 trillion.

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