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Search results for: global

Saudi Aramco in race for IPO record with $1.7 trillion top value

-- November 18, 2019 10:23:07

Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2.0 trillion sought by Saudi’s crown prince but putting it in the running to become the wo...

US, S Korea postpone joint exercise criticised by N Korea

-- November 17, 2019 13:52:06

The United States and South Korea on Sunday said they were postponing a joint military air exercise that North Korea has criticised as provocative. US Defence Secretary Mark Esper and his South Korea...

Bushfire conditions worsen in east, west Australia

-- November 17, 2019 11:42:38

Rising temperatures, lightning strikes and gusty winds further raised fire danger on both coasts of Australia on Sunday as the country already battles more than 120 bushfires and firefighters work day...

Untimely rains delay India's rural economy recovery

-- November 17, 2019 11:11:40

Heavy rains in October and November have brought more misery to India’s farmers, after summer-sown crops such as soybean, cotton, rice and vegetables suffered rain and flood damage during the we...

Nissan recalls nearly 40000 vehicles in US over braking system defect

-- November 17, 2019 11:00:37

Japan’s Nissan Motor Co Ltd has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a brake fluid leak could potentially lead to a fire. T...

US import, export prices decrease in Oct

-- November 16, 2019 15:37:14

US import and export prices decreased in October, the US Department of Labor has reported. The price index for US imports fell 0.5 per cent in October, after rising 0.1 per cent in September and decl...

Indian tax officials find Modi's targets too taxing, some quit

-- November 16, 2019 15:03:05

Prime Minister Narendra Modi’s government wants them to collect 17  per cent more in direct taxes this year as New Delhi seeks to shore up revenues amid a sharp economic slowdown. The targe...

South African Airways, unions meet for talks amid damaging strike

-- November 16, 2019 13:54:31

South African Airways (SAA) and unions on Saturday met for talks the troubled state-run carrier hopes can bring an end to a crippling strike that it says could push it to collapse. Unions representin...

Global debt to top record $255 trillion by year's end

-- November 16, 2019 13:27:47

Global debt is on course to end 2019 at a record high of more than $255 trillion, the Institute of International Finance estimated on Friday — nearly $32,500 for each of the 7.7 billion people o...

Hundreds of pro-China protesters rally amid Hong Kong chaos

-- November 16, 2019 11:51:30

Hundreds of pro-China protesters rallied in Hong Kong on Saturday to denounce increasingly violent anti-government unrest in the Chinese-ruled city and support the police who have become a prime targe...

Alibaba starts listing in Hong Kong

Xinhua November 15, 2019 17:34:06

Chinese e-commerce giant Alibaba Group Holding Ltd. started listing on the main board of Hong Kong stock exchange on Friday. The e-commerce giant will issue 12.5 million new shares at a price no high...

Sri Lanka Prosperity Index improves record high

-- November 15, 2019 15:39:22

Sri Lanka's Prosperity Index (PI) saw a 42 per cent rise from 2017 to 2018, local media reports quoting the Central Bank of Sri Lanka (CBSL) said on Friday. The country’s PI grew from 0.548 in...

Chinese shares close lower Friday

-- November 15, 2019 13:40:16

Chinese stocks closed lower Friday, with the benchmark Shanghai Composite Index down 0.64 percent, at 2,891.34 points, Xinhua reports. The Shenzhen Component Index closed 1.01 per cent lower at 9,647...

EU citizens warned over missing Brexit residency deadline

-- November 14, 2019 13:45:28

Britain is threatening to deport European Union citizens if they fail to apply on time for a new immigration status after Brexit and will only grant leniency in exceptional circumstances, according to...

Indian court delays ruling on ban on women entering Hindu temple

-- November 14, 2019 12:59:18

India’s Supreme Court on Thursday referred a decision to lift a centuries-old ban on women of menstruating age entering a Hindu temple to a larger bench of judges, delaying a final verdict in th...

China economy grinds lower as Oct indicators miss forecasts

-- November 14, 2019 12:23:56

China’s factory output growth slowed significantly more than expected in October, as weakness in global and domestic demand and the drawn-out Sino-US trade war weighed on broad segments of the w...

Jobs at risk as China’s services sector feels heat of trade war

-- November 14, 2019 12:05:18

Annual profits at China’s Ningbo S-Power International Logistics Co are down a sharp 40 per cent year-on-year, and export orders have also fallen at a similarly dizzying rate. The firm’s...

Venice mayor declares disaster as city hit by second worst high tide

-- November 13, 2019 14:05:13

Venice was hit by the second highest tide recorded in the lagoon city on Tuesday, which flooded its historic basilica and left many of its squares and alleyways deep underwater. Mayor Luigi Brugnaro...

Bolivian senator declares herself interim president

-- November 13, 2019 11:44:57

Bolivian opposition senator Jeanine Áñez has declared herself interim president of the South American country following Evo Morales' resignation. Lawmakers from Mr Morales' party boycot...

Attack in Damascus kills two, wounds six

-- November 12, 2019 11:20:46

At least two people were killed and six wounded in an attack in the early hours of Tuesday that targeted a building in Damascus, the Syrian capital, state television said. The building, which state m...

Haze wraps New Delhi again as air quality plummets

-- November 11, 2019 14:13:36

Haze shrouded India’s capital city again on Monday, with residents braving dangerous air quality to return to work after a weekend of clearer air and better weather. The air quality index of th...

Alibaba Singles’ Day sales hit $23b in first nine hours

-- November 11, 2019 11:03:57

Chinese e-commerce giant Alibaba Group Holding Inc on Monday said sales for its annual Singles’ Day shopping blitz hit 158.31 billion yuan ($22.63 billion) in its first nine hours, up 25 per cen...

Malaysian court tells ex-PM Najib to defend himself in 1MDB-linked case

-- November 11, 2019 10:46:52

A Malaysian court on Monday ordered former Prime Minister Najib Razak to present his defence against seven counts of criminal breach of trust, money laundering and abuse of power in a case linked to a...

Over 100 Indian CEOs to visit Davos for 50th WEF meet

-- November 10, 2019 19:10:13

Over 100 Indian CEOs, several political leaders and select Bollywood stars including Deepika Padukone will be in the Swiss ski resort town of Davos in January for the 50th anniversary of the WEF Annua...

Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets

-- November 10, 2019 15:44:20

A probe into Goldman Sachs Group Inc’s credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are...

Saudi Aramco gives some details on IPO size

-- November 10, 2019 13:10:17

DUBAI, Nov 10 (Reuters): Saudi state oil giant Aramco will sell 0.5 per cent of its shares to individual retail investors and the government will have a lockup period of a year on further share sales...

‘Bulbul’ triggers heavy rainfall, uproots trees in Odisha

-- November 09, 2019 15:34:38

Heavy rain accompanied by high-velocity winds, trigerred by very severe cyclonic storm 'Bulbul', lashed several parts of coastal Odisha on Saturday, uprooting trees and snapping road links. While no...

Australian bushfires kill two, 150 homes destroyed

-- November 09, 2019 14:07:32

Two people have died, five are missing and at least 150 homes have been destroyed as bushfires rage across eastern Australia, authorities said on Saturday. The New South Wales Rural Fire Service (NSW...

Taiwan's exports drops to $28.99b in Oct

-- November 09, 2019 13:57:09

Taiwan's exports dropped 1.5 per cent year on year to 28.99 billion US dollars in October, falling for two consecutive months, the latest data showed. The decline was mainly due to the falling export...

Brazil ex-president Lula freed from jail

-- November 09, 2019 11:34:00

Former Brazilian president Luiz Inácio Lula da Silva has been freed after more than 18 months in prison. The left-wing former leader, known as Lula, was greeted with rapturous applause from cr...