Economy News

OPEC sees oil supply hole in 2016 as low prices curb rival output

Low prices prompt investment cuts, reducing a global supply glut.

Nov 12, 2015

India, China remain dominant in global gold market; account for 45% of demand

There were significant gains in bar and coin demand in China.

Nov 12, 2015

RBI employees to go on mass leave on 19 November to protest against govt's intervention moves

The protest is likely to disrupt banks' settlement activity.

Nov 12, 2015

Asia shrugs off losses, Australian dollar grabs limelight

US crude futures steadied in Asia after tumbling 3% overnight on worries about higher crude inventories.

Nov 12, 2015

Apple toying with person-to-person mobile pay service, says WSJ

Wall Street Journal was told that Apple could roll it out next year.

Nov 12, 2015

China sends notice to WTO and EU, cheap exports soon to be harder to resist

Dumping complaints are a frequent cause of trade disputes at the World Trade Organisation.

Nov 12, 2015

Facebook working overtime to block new kid on the social network block Tsu.co!

It believes that Tsu is incentivising content that is shared on Facebook and spamming the network.

Nov 11, 2015

CII hails FDI relaxation in 15 sectors as Jaitley's Diwali gift

CII is expecting more such moves in the "times to come".

Nov 11, 2015

Singles' Day: Alibaba sales may surpass last year's $9.3 billion by 50 %

Alibaba believes it might have made sales totaling $13.8 billion this year.

Nov 11, 2015

Foreign exhange earnings from tourism drop in spite of increased arrivals

The Indian government earned Rs.9,611 crore as Foreign Exchange Earning in October 2015.

Nov 11, 2015

BRIC funds find it hard to attract investors on poor returns, weak economic growth

Investors pull out due to underperformance by the bourses of Brazil, Russia, India and China.

Nov 11, 2015

Car safety gear: Autoliv gains in Japan after Takata's damaged airbags fiasco

Autoliv is the world's top maker of equipment such as air bags and seat belts.

Nov 11, 2015

Japan's first commercial jet in 50 years makes successful maiden flight

The Mitsubishi Regional Jet (MRJ) took off on a one-hour return flight from Nagoya Airport.

Nov 11, 2015

VW hopes to fix cars first before finding out who was behind emissions scam

VW's internal investigation is focusing on as many as 40 employees.

Nov 11, 2015

India says foreign investment norms will become more open; 15 sectors listed

The exercise will facilitate further opening up of the economy.

Nov 10, 2015