BusinessSeptember 1, 2017

India's growth rate slows as new sales tax confuses firms

  India's economy grew at its slowest pace for three years in the April-to-June quarter, official figures show. The economy grew by 5.7% compared with a year earlier, down from a rate of 6.1% in the previous [...]
BusinessAugust 8, 2017

Bank unions call for all-India strike on August 22

  Bank employee unions have called for a nation-wide strike on August 22 to protest against privatisation and merger of public sector banks, among other demands, a union leader said on Monday.   [...]
BusinessAugust 8, 2017

Exclusive: Baker Hughes clinches major integrated services contract

  The Dow edged up to its ninth record closing high in a row while the S&P ended slightly higher on Monday, with consumer and technology sector gains offsetting losses in energy.   [...]
BusinessAugust 8, 2017

German state conservatives seek tougher VW oversight

  Conservatives in Germany's Lower Saxony state called on Tuesday for tougher oversight of carmaker Volkswagen, in which the state owns a fifth of the shares. The Christian Democrats, hoping to gain control of [...]
News / BusinessAugust 8, 2017

Deutsche Bank tumbles down private bank rankings

  Deutsche Bank dropped out of the world's top 15 private banks in 2016, a year marked by negative headlines for Germany's biggest lender, rankings by wealth management researcher Scorpio Partnership showed on [...]
News / BusinessAugust 8, 2017

Oil slides as output rises at Libya's largest oil field

  Oil prices fell as much as 2 percent on Monday on selling triggered by a rebound in production from Libya's largest oil field, along with worries about higher output from OPEC and the United States.   [...]
News / BusinessAugust 8, 2017

World stocks tick up to record high; oil slips

  A measure of equity markets across the world climbed to a record high on Monday, boosted by gains in Asia, while U.S. and European markets were little changed, with U.S. energy shares capping gains on the [...]
News / BusinessAugust 8, 2017

Asia stocks subdued as China trade disappoints

  Asian shares turned mixed on Tuesday as disappointing Chinese trade data clouded an otherwise bright outlook for global growth, leaving currencies and commodities becalmed in summer doldrums.   [...]
News / BusinessAugust 8, 2017

Worldpay granted second deadline extension for Vantiv deal

  British payments firms Worldpay said on Tuesday that the deadline for its long-awaited deal with U.S. suitor Vantiv has been pushed back by yet another four days as the two companies need more time to reach a [...]
News / BusinessAugust 8, 2017

Myth of opposition unity just a chimera: Omar Abdullah

  Myth of opposition unity just a chimera: Omar AbdullahFormer Jammu and Kashmir chief minister Omar Abdullah has hinted at the BJP returning to power in the 2019 general elections, saying the "myth” of opposition [...]