Business news

Xiaomi takes its first steps into Apple's turf

Watch your home turf, Apple! China's largest smartphone company Xiaomi is about to begin selling its accessories online in the United States. The company's colorful wrist bands - called mi bands -

Feb 13, 2015

Asia Week Ahead: Shaky China data before Lunar New Year

EDITORS' NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIALS (SOUNDBITE) (English) REUTERS REPORTER, PAMELA AMBLER, SAYING: "Hundreds of millions of Chinese will be traveling home for the Lunar New

Feb 13, 2015

Nasdaq hits 15-year high

Thursday's after hours earnings report included: CBS, owner of the most watched TV network, reporting better-than-expected earnings results including higher revenue thanks to its Thursday night

Feb 13, 2015

Gas savings stay in consumers' pockets

It should have been a slam dunk for retailers - massive savings at the pump - gas prices are down almost 40 percent since June setting up what many thought would be a rebound after a weak December for

Feb 13, 2015

Swedens negative interest rate shock

It's not often Sweden shocks markets but the central bank's decision to introduce negative interest rates wasn't expected. Neither was the launch of a bond buying programme. The moves are a response

Feb 12, 2015

Valentines gift for flower powers

It's the size of Monaco and sends flowers around the world. But FloraHolland doesn't own any of the flowers in its warehouses in the Dutch town of Aalsmeer - it simply manages their distribution.

Feb 12, 2015

Tesla reports fourth-quarter loss, operating expenses soar

Tesla released fourth quarter earnings late Wednesday that put the brakes on the luxury electric car maker. Costs from expanding its global sales network and developing the Model X crossover nearly

Feb 12, 2015

No way forward yet for Greece

Seven hours of talks in Brussels on the future of Greece's debts, and the only outcome - a statement about not being able to reach a statement. (SOUNDBITE) (English) EUROGROUP CHAIRMAN, JEROEN

Feb 12, 2015

UK close to deflation

Deflation is close - but don't worry. That was the message from Bank of England governor Mark Carney, as he explained why UK inflation is at its lowest level in nearly 15 years. (SOUNDBITE) (English

Feb 12, 2015

Putin, Poroshenko shake on ceasefire

Could this be the handshake that clinches peace in eastern Ukraine? Hopes are certainly higher after a marathon night of talks between President Petro Poroshenko - and Vladimir Putin. SOUNDBITE (

Feb 12, 2015

Pipavav Defence Denies Plans to Sell Stake to Mahindra

A report had claimed that it is planning to sell stake for ₹3,500 crore

Feb 12, 2015

BSE closes points 271.13 up on Feb 12

New Delhi, Feb 12 (ANI): Trading at the Bombay Stock Exchange today closed 271.13 points up to stand at 28,805.10. At the National Stock Exchange the Nifty closed 84.15 points up to stand at 8,711.55. BF UTILITIES LTD. and INDIA CEMENTS were among the top gainers of Group A with an increase of 12.36% and 12.11% along with SPARC and MRF with an increase of 10.00% and 10.00% respectively, while the top losers of Group A include BANK INDIA and PMCFIN with a decrease of 5.92% and 4.97% along with RASOYA PROTEINS LTD. and FRL with a decrease of 4.76% and 4.54% at the close of the markets. The Auto sector is up 280.59 points at 19,378.28 while the banking sector is up 208.23 points at 21,897.77 and the reality sector is up 22.00 points at 1,737.53. The Indian currency is up 0.03% at Rs 62.27 per dollar.

Feb 12, 2015