Business news

50 shades sends sex industry sizzling

The raunchy books sent temperatures and sales soaring. Now Fifty Shades of Grey, the movie, is breaking box office records - and it hasn't even been released yet. Tim Richards is CEO of Vue

Feb 9, 2015

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EU warns defiant Greek PM

It was his first major speech to parliament since becoming Prime Minister and Alexis Tsipras's message was the same as before the election. Greece will roll back on austerity and won't accept an

Feb 9, 2015

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HSBC in tax dodge claims

It's been called the biggest banking leak in history - accusations that HSBC helped wealthy clients to dodge tax. Thousands of accounts at the world's second biggest bank reportedly show the lender's

Feb 9, 2015

'Yennai Arindhaal' Opening Weekend Box Office Collection: Ajith Starrer Grosses ₹15 Crore Overseas; Fares Well in US, Australia

Ajith's "Yennai Arindhaal" has grossed ₹3.10 crore in US, ₹90 lakh in Australia/ New Zealand and ₹1 crore in the UK

Feb 9, 2015

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Abbott survives leadership challenge

Australian Prime Minister Tony Abbott survived a leadership challenge on Monday following weeks of infighting in his ruling Liberal Party. In a secret ballot party members voted down a motion to

Feb 9, 2015

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Zimbabwe's internet opportunities

Connectivity is climbing in Zimbabwe. Fibre cables are being rolled out bringing the internet into many homes in the capital Harare. Vusi Ndebele founded his IT company - Webdev here over 10 years

Feb 9, 2015

HSBC Admits Swiss Banking Arm Held Accounts For Tax Evaders

"We acknowledge and are accountable for past compliance and control failures," the bank said

Feb 9, 2015

The Plaza, New York, partly owned by the Sahara Group

Mirach Capital Values Sahara's Overseas Hotels at $1.67 bn, Below Market Value

Its offer is seen as crucial to Sahara's efforts to raise funds to secure Subrata Roy's release from jail

Feb 9, 2015

RBI Deputy Governor Directs Lenders to Improve Asset Quality

Reserve Bank of India's Deputy Governor R Gandhi reiterated the central bank's stand on the need for lenders to improve asset quality.

Feb 9, 2015

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Chinese trade in steep slide

Gearing up to ring in the year of the sheep. But beneath the celebrations, China's economic worries are growing. Foreign trade, one of the key drivers of its mammoth economy, has taken a nosedive.

Feb 9, 2015