Business / World Business

Microsoft's secret weapon for growth in the cloud: email 02 Feb 2016 - 12:00 am

By Sarah McBride SAN FRANCISCO: In reporting better-than-expected fiscal second-quarter earnings on Thursday, Microsoft Corp. CEO Satya Nadella touted his company’s success in...

India finmin Jaitley could squeeze business to balance books 01 Feb 2016 - 05:06 pm

Employees work at the assembly line of Toyota Etios cars inside the manufacturing plant of Toyota Kirloskar Motor in Bidadi, on the outskirts...

Indian mills set to sell 1 mln tonnes more sugar as exports head for China 01 Feb 2016 - 11:53 am

Workers unload sacks containing sugar from a handcart at a wholesale market in Ahmedabad, India, August 5, 2015. REUTERS By Maha El Dahan...

S. Korea's exports record biggest drop since 2009 01 Feb 2016 - 08:48 am

Seoul: South Korea's exports, the main driver of the national economy, suffered their sharpest drop in more than six years in January, extending...

Shares in Sony surge after swing to profit 01 Feb 2016 - 08:46 am

Tokyo: Sony shares surged nearly 16 percent in Tokyo Monday after the electronics giant posted a nine-month net profit of almost $2.0 billion...

China manufacturing index falls to three-year low in Jan: govt 01 Feb 2016 - 08:34 am

Official Purchasing Managers Index (PMI) shows China's key manufacturing sector shrank for the sixth straight month and is now at its weakest since...

Credit Suisse, Barclays to pay $154.3 mln over 'dark pools' 01 Feb 2016 - 08:20 am

Washington: Barclays and Credit Suisse will pay $154.3 million combined to settle charges that they violated federal securities laws over their so-called "dark...

Travelers' delight: Falling oil prices mean cheaper air fares 01 Feb 2016 - 12:00 am

New York: Plummeting oil prices have led to falling plane ticket prices-- and prospects for an even bigger bonanza of consumer-friendly fares in...

As fuel crisis grips Nepal, solar industry eyes growth 31 Jan 2016 - 08:32 am

Kathmandu: After enduring endless blackouts in Nepal's months-long and ongoing national fuel crisis, management consultant Pankaj Shrestha finally splurged on a set of...

Xerox to split into two, give Icahn 3 board seats 30 Jan 2016 - 09:54 am

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. Reuters/Brendan Mcdermid New...

EC sees lower job losses from easing China trade defences - note 29 Jan 2016 - 05:09 pm

By Philip Blenkinsop BRUSSELS: The European Commission has estimated job losses from relaxing trade defences against China well below predictions by opponents of...

James Murdoch returns as Sky boss four years after fall 29 Jan 2016 - 02:24 pm

London: Global media magnate Rupert Murdoch's son James will return as chairman of British broadcaster Sky, the company said on Friday, nearly four...

Microsoft’s secret weapon for growth in the cloud: email 29 Jan 2016 - 01:01 pm

By Sarah McBride SAN FRANCISCO: In reporting better-than-expected fourth quarter earnings Thursday, Microsoft Corp. CEO Satya Nadella touted his company’s success in the...

Bank of Japan helps Asia stocks end painful month with a bang 29 Jan 2016 - 12:50 pm

Hong Kong: The Bank of Japan's shock announcement that it would charge banks to hold their cash sent Asian markets surging and the...

BOJ stuns markets with negative interest rate surprise 29 Jan 2016 - 09:31 am

A man pushes a cart loaded with his belongings outside the Bank of Japan (BOJ) headquarters in Tokyo. (file photo) By Leika Kihara...

Fed keeps rates unchanged and to monitor global cues 29 Jan 2016 - 01:24 am

Washington: US Federal Reserve officials left interest rates unchanged and said they still expect to raise borrowing costs at a “gradual” pace while...

Iran to buy 118 Airbus aircraft worth $25 billion 29 Jan 2016 - 12:00 am

Paris: Iran agreed Wednesday to buy 118 Airbus aircraft worth about $25 billion (22 billion euros), according to a memorandum of understanding signed...

Dutch test first self-drive minibuses 29 Jan 2016 - 12:00 am

Representative image of a self drive trcuk The Hague: The Netherlands started test-driving its first driverless minibuses on Thursday hoping to introduce a...