Business News

India surpasses Japan to become third-largest world economy in terms of PPP

Purchasing power parity (PPP) compares how many goods and services a unit of money can purchase in different countries.

Sep 12, 2018

By Ramandeep Bajwa

BOJ to debate trade woes, bond snags as policy seen on hold

Markets are focusing on Kuroda's post-meeting briefing for his views on why bond yields have remained stagnant since the July decision.

Sep 12, 2018

By Reuters

Russia warns of 'fragile' oil market due to geopolitics, but says it can raise output

Should markets overheat and prices spike, Novak said there was potential for some countries to raise output.

Sep 12, 2018

By Reuters

Paytm bets on local expertise to fend off rivals

Paytm became a household name in the country after a ban on high-value currency notes in late 2016 led to a cash crunch and spurred the use of digital payments.

Sep 12, 2018

By Reuters

World shares face longest losing streak since January 2016

Europe defended its ground early on but it was proving a struggle after a fresh sell-off by Chinese shares pulled Asian and emerging-market equities to 14-month lows.

Sep 10, 2018

By Reuters

China vows to respond if U.S. takes new steps on trade

Trump has criticized China's record trade surplus with the United States, and has demanded that Beijing cut it immediately.

Sep 10, 2018

By Reuters

Alibaba Founder and Chairman Jack Ma (L) talks to CEO Daniel Zhang at NYSE Bell Ringing ceremony during Alibaba Group's 11.11 Global shopping festival in Beijing, China, November 11, 2015. REUTERS/Kim Kyung-Hoon/File Photo

Alibaba's Jack Ma to step down in one year, hand baton to CEO Zhang

But it is still extremely rare for a founder of the big and transformative tech firm, especially one with a cult-like status like Ma, to retire so early.

Sep 10, 2018

By Reuters

Walmart unit asked to explain India business model after Flipkart buy

The order relates to an appeal petition filed by the Confederation of All India Traders against CCI's approval of the Walmart-Flipkart deal last month.

Sep 9, 2018

By Reuters

donald-trump-lashes-out-at-gutless-anonymous-nyt-op-ed

Trump tells Apple to make products in US to avoid China tariffs

The company told trade officials that the proposed tariffs would affect prices for a "wide range" of Apple products, including its Watch, but it did not mention the iPhone.

Sep 9, 2018

By Reuters

Asia Gold: Price dip lends lustre, India buying robust ahead of festivals

Dealers in India were charging a premium of up to $1 an ounce over official domestic prices this week, unchanged from last week.

Sep 9, 2018

By Reuters

donald-trump-struggles-to-say-anonymous-twice

Trump ups ante on China, threatens duties on nearly all its imports

China has threatened retaliation, which could include action against U.S. companies operating there.

Sep 8, 2018

By Reuters

Containers are seen at the Yangshan Deep Water Port in Shanghai, China April 24, 2018. REUTERS/Aly Song/File Photo

China's record trade surplus with U.S. adds fuel to trade war fire

The politically sensitive surplus hit $31.05 billion in August, up from $28.09 billion in July, customs data showed on Saturday, surpassing the previous record set in June.

Sep 8, 2018

By Reuters

Co-founder of Alibaba Group Jack Ma to retire, focus on educational philanthropy

Ma will step down on Monday, September 10 on what will be his 54th birthday.

Sep 8, 2018

By Nandita Natrajkumar

Goldman CFO says story about dropping bitcoin trading plans is fake

Reuters published a story, reported by Business Insider that stated Goldman Sachs Group Inc has decided to drop a plan to launch a platform for Bitcoin trading.

Sep 7, 2018

By Bhaswati Guha Majumder

Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan, U.S. August 29, 2018. REUTERS/Rebecca Cook/File Photo

U.S.-Canada trade talks grind on, but 'final' issues unresolved

It was still unclear whether the two sides could bridge the gaps or whether President Donald Trump will opt for a Mexico-only bilateral trade deal.

Sep 7, 2018

By Reuters

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