Companies

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 works for IT company Webdev - founded here over 10

Feb 9, 2015

Qualcomm likely to pay $1 bln fine

It could be the largest corporate fine ever in China. Reuters has learned Qualcomm will likely pay around $1 billion to settle an antitrust probe. A source said the smartphone chip maker may also have

Feb 9, 2015

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

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

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

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

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

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

Banks Seek EOW Probe into ₹15,000 crore Fake Remittances Scam

The Mumbai customs department wrote to the banks that the documents submitted by the importers were fictitious

Feb 9, 2015

Asia markets wobble on China trade, U.S. jobs

Asian markets start the week on a mixed footing. Strong jobs data out of the U.S. raising hopes while weak economic data out of the China causes worry. That combination led to patchy trade across

Feb 9, 2015

Foodpanda Acquires JustEat India, to Cover More Than 200 Cities

The online food ordering service is now in direct competition with Zomato.

Feb 7, 2015

Sahara India's Troubles Multiply: Enforcement Directorate Files ₹3,600 Cr FEMA Charges over Luxury Hotel Investment

Sahara India suffered another setback, with the Enforcement Directorate issuing a show cause notice to the group, concerning FEMA violations in the purchase of London-based Grosnover House luxury hotel.

Feb 7, 2015