National & International Financial news and Updates

Business news

Tech world raids Wall Street talent; Uber grabs bankers

The bankers are the latest to leave Wall Street banks for Silicon Valley startups.

Nov 25, 2015

Mudra Bank, Start up India to shore up MSMEs

While loans to larger businesses have increased 4%, small business loans have decreased 20%.

Nov 25, 2015

China: Police crack $4.5 billion worth underground bank network

14 gangs, each of whose daily illegal transactions were more than $100,000, were arrested.

Nov 25, 2015

NY attorney general probes false bids and offers in Forex market

Subpoenas issued to BGC Partners, GFI Group, TFS-ICAP, Tullett Prebon Financial Services

Nov 24, 2015

Virginia state firm signs apple export deal with India

As of September of this year, Virginia has exported $1.2 million in apples to India

Nov 24, 2015

U.S politicians condemn tax-avoiding Pfizer-Allergan deal

Republican front-runner Donald Trump, who has called for a corporate tax overhaul, called the deal disgusting.

Nov 24, 2015

Bupa to invest Rs 191 crore in Max Bupa to boost stake

The deal is expected to come into force once all regulatory clearances have been sought.

Nov 23, 2015

Austrian Finance Minister wants EU to take out migrant costs from Budget calculations

The EU said Austria, Italy, Lithuania and Spain risked breaking European Union rules with their budget plans.

Nov 23, 2015

Play

Robert Powell: Banks need to prepare for European regulation as MiFID II is almost here

MiFID is following the Financial Services Bill by the Bank of England

Nov 20, 2015

U.S. oil prices fall by more than 3% on strong dollar, oversupply

The fall was part of a wider decline in commodities stoked by worries over faltering demand from China.

Nov 23, 2015

Walmart takes Cyber Monday forward to Sunday, expects record industry sales

It will launch 2,000 online-only specials on 29 November, up from 500 such deals last year.

Nov 23, 2015

Takeover deals worth $5 billion-plus touch record number of 128 this year

The week's biggest M&A deal was a $13.4 billion tie-up between France's Air Liquide and U.S. peer Airgas.

Nov 22, 2015

India unveils plans to phase out tax exemptions for companies

Over four years, the government plans to lower corporate tax from 30% to 25%, Arun Jaitley had said

Nov 22, 2015

Monetary policy risks becoming futile in low-growth world, says ECB's Coeure

He calls for academics and policy-makers to address issues at the root of a global economic malaise.

Nov 22, 2015

Nepal tightens controls on Indian rupee exchange as black market expands

The move is aimed to check the misuse of Indian currency as many traders were hoarding it.

Nov 20, 2015

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