Business News

JPMorgan to pay more than $135 million for improper handling of ADRs

The bank did not admit or deny the SEC's findings, but agreed to pay back ill-gotten gains and additional penalties, the SEC said.

Dec 27, 2018

By Reuters

New allegations against Ghosn concern payments to Saudi businessman

Prosecutors arrested Ghosn for a third time on Friday, accusing him of aggravated breach of trust in transferring personal investment losses to the automaker.

Dec 27, 2018

By Reuters

Global Markets: Asian shares ride Wall Street surge, oil rally

In a buying frenzy that was as spectacular as the recent rout, US stocks soared with the Dow Jones Industrial Average rocketing more than 1,000 points for the first time on Wednesday.

Dec 27, 2018

By Reuters

Singapore November factory output rises 7.6 percent, beats forecast

Pharmaceuticals production in November rose 23.9 percent from a year ago, while electronics output increased 11.2 percent.

Dec 26, 2018

By Reuters

Chinese firms come out in support of Huawei, no promotion and incentives to employees using iPhones

Wanzhou's arrest created a furore in China and calling the arrest "unreasonable" Beijing also summoned US ambassador Terry Branstaddemanding her release.

Dec 26, 2018

By Vanilla Sharma

Huawei

Emerging Global Talent Trends for 2019

A global organizational consulting firm Korn Ferry, which is headquartered in California has identified emerging global talent trends for 2019.

Dec 26, 2018

By Staff Reporter

Artificial intelligence

A woman withdraws money from an ATM machine in Nice

SMFG weighs acquiring Asia banks to use some of $12 billion surplus capital

SMFG has been trying to build a bigger presence in emerging Asia economies, which it hopes will become its next major market besides Japan.

Dec 26, 2018

By Reuters

trump-says-government-funding-bill-must-include-money-for-border-wall-we-have-no-choice

Trump praises Treasury Secretary Mnuchin but hits Fed again on rate rises

Mnuchin also spoke on Sunday with the heads of the six largest U.S. banks, who confirmed they have enough liquidity to continue lending.

Dec 26, 2018

By Reuters

Japan's top currency official says govt ready to act to curb yen volatility

Economic fundamentals in Japan and the United States remained firm and they were in a gradual recovery trend, he added.

Dec 26, 2018

By Reuters

Chinese smartphone vendors begins losing buyers

After US, European nations mooting ban on Huawei over data security concern

A series of ban in the European countries could lead to a financial crisis in Huawei as it is the largest market of the company outside China.

Dec 26, 2018

By Ashish Shukla

Huawei

Facebook India posts 52% jump in revenues at Rs 521 crore; profit soars 40% amid low-cost data

Notably, Facebook's total revenue surged 53 per cent in India which also represents the money it earned through Whatsapp.

Dec 26, 2018

By Ashish Shukla

Facebook

UAE: OPEC+ will hold extra meeting if output cuts 'not enough'

The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led allies agreed earlier this month to slash oil production by more than the market had expected.

Dec 24, 2018

By Reuters