Business News

New Indian currency - Denominations of Rs. 500 and Rs. 1000

Black money: Deposits of Indians in tax havens fell 62% in 2017

Money deposited in bank accounts in Luxembourg have come down to $11 million in 2017 from $29 million in 2013. In Jersey, the deposits decreased by 17.6 per cent from $261 million in 2013 to $215 million in 2017.

Aug 23, 2018

By Nandita Natrajkumar

Investors in Tesla bonds, options show skepticism on buyout

Convertible bonds give bondholders the right to trade their debt for equity after shares rise over a certain price.

Aug 23, 2018

By Reuters

Elon musk

Asian shares fall as U.S. tariff deadline on China looms

U.S. and Chinese officials met for the first time in over two months to find a way out of their deepening trade conflict.

Aug 23, 2018

By Reuters

Deal-hungry investment bankers walk Tesla tightrope

No company of Tesla's size has ever been taken private by financial investors as Musk has suggested, as opposed to being acquired by a bigger company.

Aug 22, 2018

By Reuters

iPhone parts supplier AAC reports rare fall in quarterly profit

Revenue slipped 14.5 percent to 3.79 billion yuan, the worst decline since 2009.

Aug 22, 2018

By Reuters

Venezuela is battling economic slump amid hyperinflation

The Venezuelan government introduced a series of reforms to further arrest the downfall of the currency including the introduction of new banknotes.

Aug 22, 2018

By Ashish Shukla

Global Markets: Asian shares flat as drop in S&P 500 futures weighs

The yield on benchmark 10-year Treasury notes US10YT=RR fell to 2.8225 percent compared with its U.S. close of 2.844 percent on Tuesday.

Aug 22, 2018

By Reuters

watch-trump-demonstrate-presidential-behavior-on-stage-during-tampa-rally

Business groups urge Trump, Erdogan to meet as dispute hits investments

Brunson has denied Turkey's allegations that he was involved in a plot against Erdogan two years ago.

Aug 22, 2018

By Reuters

U.S. health secretary says agency has power to eliminate drug rebates

The Trump administration has been receptive to that argument.

Aug 20, 2018

By Reuters

Sembcorp says India plant wins Bangladesh tender to supply power

Sembcorp's Gayatri Power Ltd power plant, wholly owned by Sembcorp Energy India Ltd, has received letters of intent from Bangladesh Power Development Board.

Aug 20, 2018

By Reuters

Dominion Cove Point Liquefied Natural Gas (LNG) terminal in Lusby, Maryland

U.S. energy group Hess Corp's SE Asia assets attract bid interest - sources

Thailand's PTTEP PCL was working with a financial adviser for its interest in the assets.

Aug 20, 2018

By Reuters

Global Markets: Asia shares nudge up with yuan, wary on Sino-U.S.talks

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.6 percent, while Shanghai blue chips firmed 0.2 percent.

Aug 20, 2018

By Reuters

Iran says no OPEC member can take over its share of oil exports

In a meeting with OPEC Secretary-General Mohammad Barkindo, a senior Iranian diplomat urged him to keep the group out of politics.

Aug 19, 2018

By Reuters

Temasek hires Goldman executive to ramp up North America business

Temasek-backed Chinese travel site aims to raise up to $300 million: sources

Mafengwo, or "wasps' nest" in Chinese, is an online community for Chinese tourists where they share travel tips and shop for bespoke travel products.

Aug 19, 2018

By Reuters

venezuela-election-nicolas-maduro-set-to-win-amid-socioeconomic-chaos

Maduro orders 96 percent devaluation in hyperinflation-stricken Venezuela

Venezuelans will see their meager salaries further erodedand companies will struggle with major increases to both taxes and the minimum wage.

Aug 19, 2018

By Reuters

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