Business News

Crisis deepens as Boeing finds debris in fuel tanks of its grounded 737 Max aircrafts

Boeing's troubles seem to be only mounting with the grounded aircraft still awaiting return to service

Feb 20, 2020

By R. Ghosh

General Motors to lay off all 1,500 employees in Thailand following sale of factories

The carmaker on Monday said that it will wind up operations in Australia and New Zealand and sell its plants in Thailand

Feb 20, 2020

By R. Ghosh

Facebook invests in Indian education start-up Unacademy

Facebook invests in the Indian edtech start-up Unacademy, Ajit Mohan, Vice President says the company is an ally for India's economic growth

Feb 19, 2020

By IANS

Facebook Education

Buffett-owned Hathaway sold off 3.7 million Apple shares before latest earnings results announced, how?

Berkshire Hathaway sold off 3.7 million shares during the between between October and December 2019 at a time when Apple's share price was rising at 30% from $219 to $294

Feb 19, 2020

By Soorya Kiran NN

Jaguar Land Rover warns coronavirus could hit its UK output

The British carmaker said that it has enough parts to sustain output for the next two week but production may take a hit from March

Feb 19, 2020

By R. Ghosh

Coronavirus

HSBC to cull 35,000 jobs globally as part of major overhaul

The bank which has operations in 64 countries also plans to shed $100 billion in assets by the end of 2022

Feb 19, 2020

By R. Ghosh

Coronavirus

walmart to sell chinese e commerce business to JD.com

Walmart sees slowing online sales growth after lackluster holiday quarter

Sales at its US stores open at least a year rose by 1.9%, excluding fuel, in the fourth quarter ended January 31, well below the analysts' average estimate of 2.35%

Feb 18, 2020

By Reuters

Oil falls below $57 on Coronavirus hit to demand, OPEC+ delay

Global experts say that it is too early to judge if the outbreak is being contained, despite fall in the new cases registered in mainland China

Feb 18, 2020

By Reuters

Singapore announces financial packages worth $4.5 billion to fight against Coronavirus

The Southeast Asian city-state has reported 77 cases of the virus to date which is one of the highest tallies outside China

Feb 18, 2020

By IBTimes SG Desk

Coronavirus

General Motors to exit Australia, New Zealand, sell off plant in Thailand

The carmaker plans to focus on its profit-making markets and the decision to exit these countries is part of its global restructuring plan

Feb 18, 2020

By R. Ghosh

Cathay Pacific blames coronavirus; warns "significant drop" in first-half profit

Passengers cancelling flight tickets are also demanding refunds which could further increase the airlines' losses

Feb 18, 2020

By R. Ghosh

Coronavirus

Global Recession 2020: From China to Singapore to Japan, Wuhan virus leaves trail of gloom

Nouriel Roubini predicted a global economic recession in 2020 two years ago. The coronavirus outbreak in China is accelerating recession fears.

Feb 17, 2020

By Jacob J

Coronavirus

Global shares edge higher on Chinese support measures

The MSCI All-Country World Index, that tracks the shares across 47 countries in the world, was up 0.04 percent

Feb 17, 2020

By Reuters

Facebook says it will allow political sponsored content

Political campaigns and brands will however have to give a disclaimer that the content is "sponsored content"

Feb 16, 2020

By R. Ghosh

Facebook Us election 2020

Investors bet emerging markets will weather Coronavirus impact

Emerging markets ETFs have seen a steady stream of money pouring in since late October and have not had outflows on a monthly basis, as per the Lipper data

Feb 15, 2020

By Reuters

Coronavirus

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