Economy News

Hillary Clinton proposes $12 an hour as minimum wage from current $7.25

Bernie Sanders, her chief challenger, wants it to be $15 from the current $7.25

Nov 4, 2015

PM Modi to launch 3 gold schemes, India gold coin on 5 November

Investors will be paid a fixed rate of interest of 2.75% per annum on gold bonds.

Nov 4, 2015

Indian cotton exports to increase, Bangladesh replaces China as top buyer

Textile commissioner expects higher demand for cotton from Bangladesh, Pakistan and Vietnam.

Nov 4, 2015

Mayor of London: Interview with UKIP candidate Peter Whittle

IBTimes UK sits down with the UKIP London Mayoral candidate Peter Whittle to discuss immigration, housing and the upcoming election.

Nov 3, 2015

Square Inc to decide IPO price band this week, begin trading before Thanksgiving

Once Square goes up on the NYSE, Jack Dorsey would be the CEO of two public offering companies, worried investors said.

Nov 3, 2015

Google plans to start drone delivery services in 2017

Wal-Mart and Amazon have also sought FAA approval for drone delivery services.

Nov 3, 2015

Oil prices drop amid excess supply worries

Iran planned to raise its crude output by 1 million barrels per day by the end of March 2016.

Nov 3, 2015

Adani Ports sees 16% increase in net profit; ready to do Vizhinjam port

The profit increased from Rs.1, 868 crore from last year to Rs. 1,986 crores this year.

Nov 2, 2015

China: First home-made passenger plane rolled off line

The C919, Chinas first homemade large passenger aircraft, was rolled out of the final assembly line in Shanghai on Monday (2 November). The plane designed to have 158 seats and a standard flight range of 4,075km was developed by Commercial Aircraft Corporation of China (COMAC).

Nov 2, 2015

Facebook to help BSNL set up 100 Wi-Fi hotspots in rural India

Facebook is not looking for any revenue share in the sponsorship.

Nov 2, 2015

India's imports of pulses may double this year: Assocham

Supply problems may pose problems for India to fill demand-supply gap.

Nov 2, 2015

Asian markets fall on China slowdown concerns as risk appetite wanes

Global market worries triggered selling while the market was prone to profit-taking from last week's gains.

Nov 2, 2015

Volkswagen faces Australian lawsuit over emission scandal

In October, Volkswagen announced a recall Volkswagen and Audi automobiles that were caught up in the diesel emissions-rigging scandal.

Nov 2, 2015

India is world's 7th most valued 'nation brand'; US remains steady on top

It has shown the biggest surge forward among the top 20 nations, says Brand Finance.

Nov 1, 2015

Mahindra & Mahindra sales up by 20 % on festive season fillip

The advent of the festive season has provided the much needed fillip for the auto industry.

Nov 1, 2015