Business news

Chinese yuan to become international currency by 2020: Central Bank Governor

Reforms will include improving central bank communications and guiding market expectations to improve monetary policy.

Nov 10, 2015

SeaWorld to phase out theatrical Orca whale shows

SeaWorld announced plans on Monday (9 November) to phase out the signature orca whale show at its San Diego park next year, after long-running criticism of its treatment of the captive marine mammals. The move, which follows a vote by the California Coastal Commission last month barring the park from continuing to breed killer whales, or orcas, in captivity, was announced during a webcast company presentation to investors and the media.

Nov 10, 2015

Inflation climbs up in October, factory output slowed in September

Consumer prices are expected to have risen 4.82 percent in October from a year earlier.

Nov 10, 2015

Australia: Adani coal mine faces legal challenge

On 15 October, Australian Environment Minister reissued an environmental permit for construction of the mine.

Nov 10, 2015

As profit slows down, Indian companies struggle to escape debt burden

963 Indian companies are in a debt of $640 billion, more than 40 percent of India's GDP.

Nov 10, 2015

GE, Alstom win $5.6 billion contract to supply locos to Indian Railways

It is one of the largest awarded contracts to foreign firms since India allowed 100% FDI last year.

Nov 10, 2015

Gold stuck near three-month low as U.S. interest rate hike looms

The metal faces more weakness in the near term, analysts say.

Nov 10, 2015

IndiGo surges 12 per cent from IPO price in market debut

Its IPO was subscribed over six times driven by strong demand.

Nov 10, 2015

Oil prices unlikely to return to $80 by 2020: International Energy Agency

The IEA estimates investment has already fallen by 20% this year.

Nov 10, 2015

60 second Startup guide: How to optimise email campaigns

Nov 9, 2015

GlaxoSmithKline: British pharmaceutical giant marks 300th anniversary

In 300 years GSK has grown from a small pharmacy to a multinational corporation.

Nov 9, 2015

14th Dubai Airshow takes off at World Central airport

The 14th Dubai Airshow opened on Sunday (8 November), attracting over 1,100 exhibitors from more than 60 countries and regions worldwide. Seven fighter jets from the United Arab Emirates Air Force (UAEAF) put on a flying display to kick off the biennial show held at the Dubai World Centrals airport.

Nov 9, 2015