The International Monetary Fund (IMF) on Monday (30 November) admitted Chinas yuan into its benchmark currency basket in a win for Beijings campaign for recognition as a global economic power.

Dec 1, 2015

Morgan Stanley to cut up to 25% of its fixed-income jobs

Workforce reduction to be across all regions, set to take place in next two weeks.

Dec 1, 2015

Myntra does a U-turn, to relaunch its mobile site

Soon after it changed to app-only format, Myntra had noticed a sharp fall in sales.

Dec 1, 2015

More Russian oil drilling shows its resolve to OPEC

According to Eurasia Drilling Company (EDC), Russian drilling measured in metres rose 10% in the first 6 months of this year from a year ago.

Dec 1, 2015

SEBI issues regulatory norms for listing of stock exchanges

A listed stock exchange should maintain 51% of shareholding of public category.

Dec 1, 2015

Brazil: CSN retains 87.52% stake in joint venture with Asian partners

Asian partners will have a 12.48% stake.

Dec 1, 2015

Sensex closes flat in the absence of positive triggers

Initially, both the bellwether indices of the Indian equity markets opened on a positive note.

Dec 1, 2015

Isis bans Syrian banknotes, may be ready to issue its own currency

The move affects businessmen, store owners and employees who put all their savings into the high value notes.

Dec 1, 2015

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