Business News

Is Jeff Bezos and Amazon set to take over the world?

Amazon strikes deal with Apple to sell iPhones, iPads

In coming weeks, the world's biggest online retailer will sell the latest editions of Apple's iPhone, iPad and other devices in the United States, Europe, Japan and India.

Nov 10, 2018

By Reuters

Singapore scrutinises UBS, DBS, Falcon over 1MDB transactions - sources

US sues UBS, alleges crisis-era mortgage securities fraud

Officials are seeking unspecified fines against UBS under a federal law allowing it to pursue penalties up to the amounts the bank gained or others lost from alleged misconduct.

Nov 9, 2018

By Reuters

Oil in bear market as supply rises, demand outlook weakens

China National Petroleum Corp (CNPC) said on Friday it was still taking oil from Iranian fields in which it has stakes.

Nov 9, 2018

By Reuters

Elon Musk dream closer to reality as Hyperloop One passenger pod peaches 192 mph on latest test run

India's first hyperloop: Here's everything you need to know about this expensive project

In a notification issued on November 2, Maharashtra government's urban development department declared the Pune-Mumbai Hyperloop project as a public infrastructure project

Nov 8, 2018

By Ashish Shukla

U.S. envoy aims to end Iran oil exports without price spike

Hook declined to give details of the confidential bilateral deals with the countries, which include China, India, South Korea, Taiwan, Japan, Greece, Italy and Turkey.

Nov 8, 2018

By Reuters

India suffers WTO setback in Japan's challenge on steel import duty

India fears a WTO ruling on safeguard tariff following a Japanese challenge on steel import duty will have an impact on import from other sources.

Nov 8, 2018

By Prathapan Bhaskaran

Big investors sue 16 banks in US over currency market rigging

Those settlements followed worldwide regulatory probes that have led to more than $10 billion of fines for several banks, and the convictions or indictments of some traders.

Nov 8, 2018

By Reuters

President Xi Jinping aide says China still open to talking with US on trade ties

Jittery Chinese investors lose appetite for US realty amid continuing global uncertainties.

Nov 7, 2018

By Prathapan Bhaskaran

New Zealand is ready for Ola service after UK and Australia

The announcement was made by Ola on Tuesday where it would offer rides across three largest cities of New Zealand viz. Auckland, Wellington, and Christchurch.

Nov 7, 2018

By Ashish Shukla

Hyundai Motor union stages first full strike in 12 years

Hyundai raises Southeast Asia bet with second investment in Grab

It said the project will later be expanded to countries including Malaysia and Vietnam, where markets for traditionally powered cars are dominated by Japanese rivals.

Nov 7, 2018

By Reuters

China's ties with Taiwan chip firms under scrutiny as U.S. trade war heats up

Taiwan firms such as UMC have helped supply China with a steady pipeline of chip expertise in exchange for access to the fast-growing chip market there.

Nov 7, 2018

By Reuters

India may trade with Iran in rupee for oil imports

India is expected to stimulate a previous arrangement of making payments in rupee in an account with UCO Bank.

Nov 5, 2018

By Ashish Shukla

Emirates in-flight theft: man loses RM1mil in cash and valuables

Emirates seeks Rolls-Royce A380 engine deal, nothing finalised

Emirates is unhappy with the performance of Rolls-Royce Trent 900 engines on A380s already in service.

Nov 5, 2018

By Reuters

Vying for Vuitton: China's e-commerce rivals seek luxury stranglehold

From Hugo Boss to La Perla underwear, the online shopping giants have recruited dozens of labels since launching their rival luxury sites in mid-2017

Nov 5, 2018

By Reuters

Oil prices fall as U.S. grants Iran sanction waivers to major importers

Front-month Brent crude futures were at $72.40 per barrel at 0332 GMT on Monday, down 43 cents, or 0.6 percent from their last close.

Nov 5, 2018

By Reuters

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