Business news

What is next for oil prices after Opec?

Opecs surprise decision to cut oil production by 1.2 million barrels per day has boosted the crude oil price. Financial columnist Edmund Shing asks whats next for the oil industry and whether now is a good time to invest in companies dealing with crude.

Dec 7, 2016

What Christmas dinner looks like around the world

Many countries throughout the world celebrate Christmas, but the food each one eats at Christmas dinner ranges from turkey to roasted reindeer.

Dec 7, 2016

Indian consumption story intact despite demonetisation: Morgan Stanley

According to Ridham Desai of Morgan Stanley, it's time to switch to equities from bonds as equities have potential for huge upside over the medium term.

Dec 7, 2016

Sun Pharma shares slide over USFDA observations on Halol unit

An observation letter is usually issued to a drug manufacturing unit in case of violations of existing US norms.

Dec 7, 2016

Samsung wins US Supreme Court fight with Apple in $399 million patent appeal

The US Supreme Court has sided with Samsung saying the company does not have to pay its entire profit from sales of the disputed products.

Dec 7, 2016

bse nse share price spike fall crash bnp geojit bank shares sensex nifty bank demonetisation parliament modi arvind kejriwal cpi inflation retail parliament session winter opposition congress aap cpm jdu bsp sp aiadmk dmk

Sensex cracks after RBI's status quo on repo rate; Sun Pharma tanks 6%

Indian equities fell sharply after the RBI left the key policy rates unchanged amid ongoing cash crunch after demonetisation.

Dec 7, 2016

Microsoft's $26.2 billion acquisition of LinkedIn cleared by EU commission

Microsoft announced in June this year that it would buy LinkedIn Corp in an all-cash transaction for $26.2 billion

Dec 6, 2016

Russia: The blood of our soldiers is on USA, Britain and France

The Russian Ministry of Defence has strongly condemned a deadly attack on a Russian mobile hospital in Aleppo, blaming the USA, the UK and France. On 5 December a Russian mobile hospital was hit by mortar fire, killing a female Russian medical worker and injuring other workers and civilians. In the video statement a ministry spokesman blames the attack on insurgents of the opposition, not al-Nusra militants encircled by the Syrian army in eastern Aleppo.

Dec 6, 2016

Keep calm and negotiate: EU chief Brexit negotiator Michel Barnier unveils timetable

The EUs chief Brexit negotiator Michel Barnier has said that his team are ready to start negotiations with the UK when Article 50 is triggered. The French politician wants a orderly withdrawal and has so far visited 18 of the 28 EU nations ahead of the talks. He said he expected formal negotiations to last less than 18 months.

Dec 6, 2016

Biocon to maintain margin despite fall in India sales: Kiran Mazumdar Shaw

Despite a dip in domestic sales after demonetisation, Biocon's export realisations have improved on a depreciating rupee.

Dec 6, 2016

Essar Power approaches banks for debt recast for Mahan project: Report

The private power producer is said to have asked banks to dilute its stake in the Mahan project as part of the Rs 6,564 crore debt restructuring proposal.

Dec 6, 2016

Top Indian politician Jayalalithaa Jayaram, Chief Minister of Tamil Nadu, dies aged 68

The Chief Minister of the southern Indian state of Tamil Nadu, Jayalalithaa Jayaram, has died at the age of 68. Also known as Amma (mother), she suffered a cardiac arrest on 4 December. She had been ailing in hospital since September. Jayalalithaa was a controversial figure with a string of corruption scandals throughout her political career. She served as Tamil Nadu Chief Minister three times.

Dec 6, 2016