Business News

Asia shares eke out gains, dollar befuddled by trade doubts

MSCI's broadest index of Asia-Pacific shares outside Japan eked out a rise of 0.26 percent.

Aug 29, 2018

By Reuters

Warren Buffett to invest in Indian company 'Paytm'

If the deal goes through, it will be Buffet's first direct investment in India and also his first investment in a privately-held tech company anywhere in the world.

Aug 27, 2018

By Ramandeep Bajwa

elon-musk-calls-british-diver-who-helped-thai-schoolboys-is-a-pedo-guy-in-twitter-outburst

Musk's U-turn on Tesla deal could intensify his legal, regulatory woes

Musk and Tesla are facing investor lawsuits and a U.S. Securities and Exchange Commission investigation into the truthfulness of the CEO'S Aug.

Aug 27, 2018

By Reuters

Elon musk

Struggling Noble Group faces crucial vote for $3.5 billion restructure

The crisis started in February 2015 after Arnaud Vagner, a former employee, published reports anonymously under the name of Iceberg Research and accused Noble of inflating its assets.

Aug 27, 2018

By Reuters

Emerging market fund managers hunt for bargains after Turkey contagion

MSCI's emerging market equity index is down 9 percent this year while China's main benchmark is off 17 percent.

Aug 27, 2018

By Reuters

Much detail, little progress in U.S.-China talks, sources say

The two days of talks in Washington led by mid-level officials did little to resolve a worsening trade spat.

Aug 26, 2018

By Reuters

trump-still-doesnt-know-the-difference-between-england-britain-and-the-u-k

Trump says Mexico trade deal near; NAFTA hurdles seen easing

Mexico and Canada have adamantly opposed the U.S. sunset demand that would kill the pact unless it is renegotiated every five years.

Aug 26, 2018

By Reuters

Noble Group founder and Chairman Richard Elman poses at his office in Hong Kong, China January 22, 2016.

Fighting to survive: Noble Group's fate hangs on investors restructuring vote

Noble, whose market value has been nearly wiped out from $6 billion in February 2015, is expected to win the required simple majority of voters in attendance at the meeting.

Aug 25, 2018

By Reuters

Tesla CEO Musk drops pursuit of $72 billion take-private deal

Tesla CEO Elon Musk announced on Twitter he was considering taking Tesla private for $420 per share.

Aug 25, 2018

By Reuters

Elon musk

Cyrus Mistry, chairman of Tata Group, smiles during the Tata Consultancy Services Ltd. (TCS) annual general meeting in Mumbai June 27, 2014

India's NCLAT says Tata Sons can't force him to sell shares

The final judgement on the conversion of the company will be taken by the two-judge NCLAT bench, headed by Justice S.J. Mukhopadhyay, after hearing final arguments next month.

Aug 25, 2018

By Ashish Shukla

Chinese smartphone vendors begins losing buyers

China's Huawei slams Australia 5G mobile network ban as 'politically motivated'

Australia said that national security regulations typically applied to telecom carriers would now be extended to equipment suppliers.

Aug 24, 2018

By Reuters

Huawei

Singapore July factory output growth slows on-month, but beats forecast

Pharmaceutical manufacturing output in July grew 14.1 percent from the year earlier after rising 17.4 percent in June.

Aug 24, 2018

By Reuters

US sanctions on Iran starts to show its effect; India's oil imports bill set to increase

India is likely to face an uphill task to look for the options to sustain oil imports from Iran, the third-biggest crude supplier after Iraq and Saudi Arabia.

Aug 24, 2018

By Ashish Shukla

Investors monitor stock market prices in Kuala Lumpur

Global Markets: Asia stocks track Wall Street lower, dollar buoyant; Powell in focus

Asian stocks tracked Wall Street losses and edged down in early trade on Friday, August 24.

Aug 24, 2018

By Reuters

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018.

Singapore's stock and crypto trading app Spiking raises an additional S$1.2 million

After the launch of Spiking as a social stock trading platform, retail investors have been using it to track transactions of significant shareholders of publicly listed companies.

Aug 23, 2018

By Bhaswati Guha Majumder

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