Regulation

India, France Agree to 'Finalise' Rafael Deal for 126 Fighter Jets

The deal remains stuck over Dassault's reluctance to accept responsibility for the 108 planes to be built by HAL

Dec 2, 2014

'Tax Evading Companies' Beware! China Will Find You and Hunt You Down!

Chinese authorities said on Monday that the administration will be keeping an eye on the finances of foreign companies to clamp down on tax evasion.

Dec 2, 2014

RBI Maintains Key Rates and Hints at Rate Cut in 2015; Growth Pegged at 5.5%

RBI leaves policy rates unchanged but hints at rate cut in 2015; Sensex down 0.60%

Dec 2, 2014

Girl Scouts Cookies Go Online This Holiday Season

Girl Scouts in the US will start selling cookies online through a new platform called the "Digital Cookie" which allows them to track, sell and ship cookies through custom -designed web pages or a mobile application.

Dec 1, 2014

China's Manufacturing Index Slides in November; PBOC Should Introduce More Stimulus

China's manufacturing index fell to new eight-month lows in November highlighting the country's growing economic turmoil. Experts forecast more stimulus from the People's Bank of China in the coming few months.

Dec 1, 2014

Walmart Employees Prepare for Protests on Black Friday

With just hours to go for America's biggest shopping event, Walmart employees and their supporters are preparing to stage one of the biggest protests on Black Friday.

Nov 28, 2014

China's Growth Model Outdated; Will Current Reforms Save the Economy?

Experts say China's development model is "obsolete" and needs to be replaced "immediately".

Nov 27, 2014

Ali al-Naimi, Saudi Arabian oil minister

OPEC Will Not Cut Oil Output – Saudi Arabia Breaks Silence

Just a day before the Organization of the Petroleum Exporting Countries (OPEC) meets to discuss the rampant oversupply of oil in the global market, leader Saudi Arabia's oil minister suggested that the group will probably not cut oil output.

Nov 27, 2014

OPEC Likely To Agree on Production Cuts, But Will it Really Work?

OPEC is poised to meet on Thursday in Vienna, Austria, to decide on an oil supply ceiling or a production cut.

Nov 26, 2014

China Slaps Microsoft with $140 Million Tax Fine

China has levied a massive $140 million fine on Microsoft Corp for tax evasion in the country, according to reports.

Nov 26, 2014

Russia Could Scale Back on Oil Production Ahead of OPEC Meet

Russia mulls limiting its annual oil production to 525 million tons due to falling prices and western sanctions.

Nov 25, 2014

How China's Clever Interest Rate Cut Gets Markets Excited; Will it Help the Economy?

The People's Bank of China (PBOC), the country's central bank, cut long term lending rates by 40 base points on Friday to buoy its faltering economy as a measure to avoid the hard market crash threatening the country. It also reduced its one-year deposit rate by 0.25 percent to 2.75 percent.

Nov 22, 2014