Economy News

Hackers hunt for commercial gains in "Space, the final frontier"

Satellites supporting commercial networks on earth are growing rapidly, making them a ripe target for cyber attacks,

Oct 23, 2015

China: American Auction chief says emerging market perfect for SMEs to enter

Deb Weidenhamer, the CEO of American Auction told IBTimes UK that the consumer market is booming in China.

Oct 22, 2015

Saudi Arabia at risk of exhausting financial assets in 5 years: IMF

Saudi Arabia's net foreign assets declined to more than two-year low of $654.5 billion in August.

Oct 22, 2015

Japan offers loan to India's $15 billion bullet train in edge over China

Tokyo was picked to assess the feasibility of building the 505-kilometre corridor linking Mumbai with Ahmedabad.

Oct 22, 2015

EU orders Netherlands to recover $34m from Starbucks

The European Commission ruled on Wednesday (21 October) that Starbucks and Fiat benefited from illegal tax deals with the Dutch and Luxembourg governments, in cases with major implications for the taxation of multinational companies.

Oct 21, 2015

Xi Jinping hails UK-China friendship at Buckingham Palace banquet

Chinese President Xi Jinping kicked off his first state visit to the UK by hailing the friendship between the two countries, which he expects to hit a new height. At a Buckingham Palace banquet, Xi said China and Britain were partners who had the same goals and vision and paid tribute to their alliance during World War II.

Oct 21, 2015

Modi government pushes ahead with proposal to scrap RBI governor's veto power: Report

In July, the government came under fire when it was reported that it was proposing to clip the central bank governor's veto power.

Oct 21, 2015

Corruption in UPA govt giving bad name to country: BJP

BJP spokesperson Narsimha Rao also alleged that Congress is synonymous with corruption.

Oct 21, 2015

Govt may pay sugarcane farmers directly in part for produce sold to mills

It's an effort to help politically strong growers and companies struggling with a global glut.

Oct 21, 2015

Chinese President protested against in London

Hundreds of activists turned out to protest the official visit of Chinese President Xi Jinping in London on 20 October.

Oct 20, 2015

Four India-designed 700 MW reactors being built at brisk pace

The first such reactor is expected to go on stream by end 2016.

Oct 20, 2015

Edmund Shing: Next and Sports Direct benefit from Rugby World Cups boon to retail sector

Rugby World Cup has boosted Britains high street performance.

Oct 20, 2015

S&P's keeps India's rating, outlook unchanged

S&P's move will "disappoint" Prime Minister Narendra Modi's government as it was looking for higher rating.

Oct 20, 2015

7th pay panel, OROP won't hurt govt's finances: Jayant Sinha

The pay panel recommendations are expected to raise the government's salary estimates to over Rs 1 lakh crore this fiscal.

Oct 19, 2015

Weak dollar boosts India's Forex reserves to $353 billion: RBI

The rupee had closed at 64.74 to a US dollar during the week ended 9 October.

Oct 17, 2015