Business / World Business

Ousted Tata boss's hostile defence takes boardroom battle public 27 Oct 2016 - 08:42 am

NEW DELHI: Days after he was ejected as chairman of Tata Sons, Cyrus Mistry has stunned India with a hostile 5-page letter outlining...

Samsung says Note 7 probe open to 'all possibilities' 27 Oct 2016 - 08:06 am

Seoul: Samsung on Thursday acknowledged technical problems that killed off its Galaxy Note 7 may extend beyond its battery, and vowed an ongoing...

For Apple, surprise hunger for big phones leaves money on table 26 Oct 2016 - 12:37 pm

Apple Inc said it was caught off guard by how many people want to buy its biggest smartphone, the iPhone 7 Plus, and...

One Uruguay fish farm takes on world caviar market 26 Oct 2016 - 12:20 pm

Baygorria, Uruguay: Under the gray waters of a lake in deepest Uruguay lurks a slimy treasure. While many farmers here labor to produce...

India's Tata in race against time to save global image 26 Oct 2016 - 10:46 am

Mumbai: India's largest conglomerate Tata faces one of the most turbulent periods in its long history after its shock decision to sack its...

Europe must delay trade pact summit: Schulz 26 Oct 2016 - 01:57 am

Frankfurt: Europe must delay a summit this week when EU leaders hoped to sign the hotly-contested CETA free-trade deal with Canada, European Parliament...

Samsung takes another hit over lawsuit 26 Oct 2016 - 01:55 am

SEOUL: A South Korean law firm said yesterday that it expected thousands more people to join a class action lawsuit seeking compensation from...

Caterpillar earnings fall 26 Oct 2016 - 01:55 am

NEW YORK: Heavy equipment maker Caterpillar Inc yesterday said its earnings had again fallen sharply in the third quarter as the company grappled...

Thai economy on track for 3.2% growth in 2016 26 Oct 2016 - 01:53 am

BANGKOK: Thailand’s economy is on track to grow 3.2 percent this year and next and there is no need for further monetary policy...

Moscow airport announces $865mn expansion ahead of World Cup 25 Oct 2016 - 05:24 pm

Moscow: Moscow's Sheremetyevo airport, the largest in Russia, has invested $865 million into building a new terminal and expanding its operations ahead of...

Strong electric toothbrush sales boost P&G earnings 25 Oct 2016 - 02:53 pm

New York: Strong sales of electric toothbrushes and other health care products helped Procter & Gamble report better-than-expected quarterly earnings on Tuesday. The...

IBM apologises for Australian e-census bungle, setting off blame game 25 Oct 2016 - 08:33 am

SYDNEY: International Business Machines Corp said on Tuesday it plans to compensate the Australian government for a "malicious" cyber-attack that shut down a...

Wallonia holds out against Canada trade pact 25 Oct 2016 - 12:52 am

Brussels: A small Belgian region refused yesterday to bow to growing pressure to back a key trade deal with Canada, heightening tensions within...

Gold price steadies in line with dollar 25 Oct 2016 - 12:50 am

LONDON: Gold steadied yesterday in line with the dollar as uncertainty over the timing of a US interest rate hike hemmed prices into...

Only AT&T approached with offer: Time Warner CEO 25 Oct 2016 - 12:49 am

Los Angeles: Time Warner Inc Chief Executive Jeff Bewkes said yesterday that AT&T Inc was the only company to make a takeover approach...

Samsung offers upgrade programme for Note 7 customers in South Korea 25 Oct 2016 - 12:47 am

SEOUL: Samsung Electronics is offering an upgrade programme option to Galaxy Note 7 customers in South Korea who trade in their recalled device...

China Oceanwide to buy Genworth for $2.7bn 25 Oct 2016 - 12:42 am

HONG KONG: China Oceanwide Holdings Group Co has agreed to buy US insurer Genworth Financial Inc for $2.7bn in cash, the latest in...

Ratan Tata back in hot seat as Indian giant dumps Mistry 24 Oct 2016 - 08:44 pm

Mumbai: Industrialist Ratan Tata sensationally returned to the helm of India's biggest conglomerate on Monday as Tata Sons dumped Cyrus Mistry as chairman...