Business / World Business

China suspends approval of new internet micro loan firms 21 Nov 2017 - 05:50 pm

BEIJING: A top-level Chinese government body issued an urgent notice on Tuesday to provincial governments urging them to suspend regulatory approval for the...

Prescient messages about Indian companies circulate in WhatsApp groups 21 Nov 2017 - 08:46 am

MUMBAI: Three days before Dr. Reddy's Laboratories Ltd announced quarterly results this summer, a message circulated on a private WhatsApp group saying the...

US sanctions 'network' accused of forging money for Iran 21 Nov 2017 - 12:04 am

Washington: The United States on Monday imposed sanctions on a network individuals and companies accused of forging money to help Iran's Revolutionary Guards,...

EU leaders to push for fair jobs, education and growth at summit 20 Nov 2017 - 07:04 pm

Gothenburg, Sweden: More than 20 leaders from the European Union gathered in the Swedish city of Gothenburg on Friday to discuss social issues...

US stocks rise as market eyes key shopping season 20 Nov 2017 - 05:54 pm

New York: Wall Street stocks rose modestly early Monday to open a holiday-shortened week that will launch the Christmas shopping season, a pivotal...

Volvo Cars to supply Uber with up to 24,000 self-driving cars 20 Nov 2017 - 05:01 pm

STOCKHOLM/SAN FRANCISCO: Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app...

Apple Pay in first deal with major French bank 20 Nov 2017 - 03:09 pm

Paris: Apple has reached its first agreement with a major French bank on Apple Pay, as Societe Generale said Monday it would offer...

Alibaba takes $2.9 billion stake in food retailer 20 Nov 2017 - 09:10 am

Beijing: Alibaba said on Monday it would take a major stake in one of China's top food sellers for $2.9 billion as the...

Euro a haven and much more as Draghi says wage growth is coming 17 Nov 2017 - 10:46 pm

When the going gets tough, traders are increasingly buying the euro these days. Europe’s common currency, which just a few years ago was...

Spain court orders ex-IMF head Rodrigo Rato to be tried for fraud 17 Nov 2017 - 07:22 pm

Madrid: A Spanish court on Friday ordered former IMF head Rodrigo Rato to stand trial for fraud over the failed 2011 listing of...

Twice burned: How Mt. Gox’s bitcoin customers could lose again 16 Nov 2017 - 07:11 pm

TOKYO: When Mt. Gox, the world’s largest bitcoin trading exchange, collapsed in early 2014, more than 24,000 customers around the world lost access...

Manchester United first-quarter revenue up by 17% 16 Nov 2017 - 03:47 pm

London: Manchester United's first-quarter revenue rose by 17 percent year-on-year to £141 million ($185.9 million, 158 million euros), the Premier League giants announced...

Airbus lands biggest-ever contract for 430 A320s 15 Nov 2017 - 04:16 pm

Paris: Airbus announced its biggest-ever order on Wednesday, signing a deal to supply 430 of its medium-range A320 family of aircraft to US...

US approves first pill with digital tracking device 14 Nov 2017 - 06:51 pm

Washington: US regulators have approved the first pill that contains a digital tracking sensor to alert doctors and caregivers as to whether a...

India's Airtel sells $508 million stake amid Jio fight 14 Nov 2017 - 02:01 pm

Mumbai: Indian telecom giant Bharti Airtel sold a half-billion-dollar stake in its mobile tower business Tuesday to help shrink its debts as it...

Nuclear tax refund keeps RWE on track for 2017 14 Nov 2017 - 11:50 am

Frankfurt am Main: German energy giant RWE on Tuesday said it was confident of hitting the upper targets of its 2017 outlook after...

Toshiba sells TV business to China's Hisense 14 Nov 2017 - 11:33 am

Tokyo: Struggling Japanese conglomerate Toshiba said Tuesday it has decided to sell its television business to China's Hisense Group as part of its...