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Economy

US lawmaker seeks an end to Chinese debt trap

Wed, Dec 12, 2018

Asserting that Sri Lanka was forced to surrender the sovereignty of its deep-water port, Hambantota, a powerful US lawmaker on Tuesday sought an end to the Chinese debt trap.

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China, US begin talks to sort out trade differences

Wed, Dec 12, 2018

Top officials from the US and China have begun talks to sort out their trade differences, in particular to identify steps that address the concerns of US President Donald Trump on intellectual property and reduce the balance of trade, a media report said.

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China's Tencent Music raises nearly $1.1 billion in U.S. IPO

Wed, Dec 12, 2018

China-based music streaming company Tencent Music Entertainment Group said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range.

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Global Markets: Asia stocks cautious, pound pummelled by politics

Wed, Dec 12, 2018

Asian markets faced a fraught session on Wednesday as conflicting reports deepened confusion over Sino-U.S. trade, while sterling was battered by talk of an imminent party coup against British Prime Minister Theresa May.

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China's Tencent Music raises nearly $1.1 billion in U.S. IPO

Wed, Dec 12, 2018

China-based music streaming company Tencent Music Entertainment Group`s has raised close to $1.1 billion in its U.S.

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S&P 500, Dow edge lower as U.S. shutdown threat, China trade in focus

Wed, Dec 12, 2018

The S&P 500 and the Dow closed marginally lower after volatile trading on Tuesday as investors swiveled their focus between China-U.S. trade talks, President Donald Trump`s threat to shut down the U.S. government and political uncertainty in Britain.

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Google has no plans to launch search engine in China: Sunder Pichai

Wed, Dec 12, 2018

Google currently has no plans to launch a search engine in China, its Indian-American CEO Sunder Pichai told lawmakers Tuesday as he dodged a series of questions from lawmakers who expressed concern over such a reported move by the internet giant.

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Attempts being made to dilute CBDR principle: India at UN climate talks

Wed, Dec 12, 2018

India and other developing countries have complained at the UN Climate talks in Poland that attempts were being made to do away with the CBDR principle that states that all nations are responsible for addressing the climate change.

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Biased search results can swing undecided voters by 20 per cent: Congressman

Wed, Dec 12, 2018

Citing a recent survey of undecided voters in India and the US, a top American lawmaker on Tuesday told Google's Indian-American CEO Sunder Pichai that a biased search rankings can shift the voting preferences of undecided voters by 20 per cent or more.

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Chana futures fall on muted demand

Wed, Dec 12, 2018

Chana prices declined 0.67 per cent to Rs 4,425 per quintal in futures trade Tuesday after participants reduced their exposure amid subdued demand at spot market. Profit-booking at higher levels also weighed on the sentiment.

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Coriander prices dip 0.73 pc on subdued demand

Wed, Dec 12, 2018

Coriander prices fell 0.73 per cent to Rs 6,624 a quintal in futures market Tuesday as participants cut down positions amid muted domestic as well as export demand against ample stocks position.

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Gold steadies near 5-month peak as U.S. rate hike expectations ease

Tue, Dec 11, 2018

Gold held steady near a five-month peak on Tuesday as expectations for fewer interest rate hikes by the U.S. Federal Reserve next year supported the non-yielding precious metal.

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WTO members applied 137 new trade restrictive measures in 1 year: Report

Tue, Dec 11, 2018

Members of the World Trade Organisation (WTO) have applied as many as 137 new trade restrictive measures, including tariffs hikes and quantitative restrictions, during the one-year period starting October 2017, a report said Tuesday.

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Morrisons shares rise on takeover chatter

Tue, Dec 11, 2018

WM Morrisons shares jumped on Tuesday as traders cited market rumours that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Amazon.com Inc.

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May tours Europe, meets EU leaders to secure last-ditch concessions in Brexit deal

Tue, Dec 11, 2018

British Prime Minister Theresa May on Tuesday embarked on a whistle-stop tour of Europe in a desperate bid to rescue her Brexit deal, trying to convince the EU leaders to offer some concessions so that she could persuade Britain's MPs to support it.

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J-K gets Rs 900 cr under PMDP for health infra

Tue, Dec 11, 2018

Jammu and Kashmir has received a total of Rs 900 crore under the Prime Minister's Development Package (PMDP) in multiple tranches for upgradation of healthcare infrastructure in the state, officials said Tuesday.

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Indian Ports Association launches 'PCS 1x' to increase ease of doing business

Tue, Dec 11, 2018

The Indian Ports Association (IPA) has launched the port community system 'PCS1x', a cloud-based technology that offers services like notification, work-flow and track and trace, the government said Tuesday.

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NCLAT resumes hearing on Mistry camp petition against Tata

Tue, Dec 11, 2018

The National Company Law Appellate Tribunal (NCLAT) Tuesday resumed its hearing over the batch of petitions filed by ousted Tata group Chairman Cyrus Mistry and the two investment firms supporting him.

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Govt names former bureaucrat Shaktikanta Das as new RBI Guv

Tue, Dec 11, 2018

Former bureaucrat Shaktikanta Das was Tuesday named the new governor of the Reserve Bank of India after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank.

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Swarovski opens store in Bengaluru

Tue, Dec 11, 2018

Swarovski, a designer and manufacturer ofcrystals andgem stones in Austria, plans to open two or three stores in India in the coming years.

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