Business news

Obama wants new "rules of the road" overseeing retirement

ROUGH CUT (NO REPORTER NARRATION) STORY: President Barack Obama said on Monday financial advisers deserved to get fair compensation for advising clients on retirement plans but that new rules were

Feb 24, 2015

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Burberry goes live online

Britain's Burberry brings London Fashion Week even closer to home. For the first time its catwalk show has been broadcast live to the world via the internet. CEO Christopher Bailey wants Burberry's

Feb 24, 2015

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Will Greek reform plan secure lifeline?

It's a public holiday in Greece to mark Orthodox Lent. But there's little appetite for celebration after the country's run-in with its lenders. Over the weekend the new Prime Minister was putting a

Feb 23, 2015

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German business morale edges up

It may only be a small increase but improved business morale suggests Germany is starting 2015 on a strong footing. Ifo's business climate index hit 106.8 in February - behind some forecasts but

Feb 23, 2015

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Ergen returns as CEO of Dish

Charlie Ergen is coming back to the driver's seat at Dish Network. The 61-year-old billionaire chairman who co-founded the satellite pay-TV operator will replace 65-year-old Joe Clayton as CEO next

Feb 23, 2015

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How many times can HSBC say sorry?

Can it get any worse for HSBC? On this evidence probably not. Europe's biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in

Feb 23, 2015

Strike Called off as Bankers Settle for 15% Wage Hike

The settlement will be from 1 November 2012 and up to 30 October 2017.

Feb 23, 2015

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Honda shake-up as CEO steps down

A surprise announcement from a Japanese auto giant. Honda Motors CEO Takanobu Ito says he'll step down from the top job at the end of June. His replacement, Takahiro Hachigo, an engineer and

Feb 23, 2015

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Property tax fears fuel UK rental rise

A smart family home in the heart of London. It would cost several million pounds to buy. But this one's not for sale. It's one of a select number of multi-million pound homes up for rent. Louise

Feb 23, 2015

S&P: Low Per Capita Income, High Fiscal Deficit 'Constraints' in India's Rating Upgrade

In a report released on Monday, the ratings agency said that the slow pace of fiscal consolidation will mean an upgrade is 3 to 5 years away

Feb 23, 2015

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BSE closes points 295.97 down on Feb 23

New Delhi, Feb 23 (ANI): Trading at the Bombay Stock Exchange today closed 295.97 points down to stand at 28,930.40. At the National Stock Exchange the Nifty closed 92.35 points down to stand at 8,741.25. OBEROI REALTY LTD and SOBHA were among the top gainers of Group A with an increase of 8.21% and 6.90% along with TATA ELXSI LTD. and WOCKPHARMA with an increase of 5.12% and 5.00% respectively, while the top losers of Group A include HDIL and PIPAVAVDOC with a decrease of 6.39% and 5.28% along with APOLLOTYRE and IFCI with a decrease of 4.92% and 4.91% at the close of the markets. The Auto sector is down 132.11 points at 19,700.59 while the banking sector is down 191.74 points at 21,662.03 and the reality sector is up at 3.54 points at 1,768.72. The Indian currency is down 0.02 % at Rs 62.23 per dollar.

Feb 23, 2015

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What to expect for the year of the goat

Welcome to the year of the goat! Even though markets are still shut across Mainland China, in the freewheeling city of Hong Kong - a densely packed maze of skyscrapers built to cater to Chinese

Feb 23, 2015