International News

Rosneft says discovers offshore Arctic oil jointly with Exxon

Russia’s top crude oil producer Rosneft said on Saturday it had made an oil discovery jointly with E...

Russia offers stake in 10 exploration blocks to India's ONGC -MinisterBP to buy back $8 bn in shares after sale of Russian venture
Yahoo could use the proceeds from the Alibaba share sale to go on an acquisition spree to help reinvent itself and regain relevance. (AP)
Yahoo confronted by moment of decision, again
Yahoo, more than any other investor, should have benefitted from the public market debut last week o...

Tesco cuts profit outlook again after accounting error

Tesco cut its profit forecast for the third time this year on Monday after finding a fault in its ac...

After China, GlaxoSmithKline faces pressure for change

GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 ...

Short-sellers target China, this time from the shadows

Short-sellers who profit from stock price declines have resumed targeting Chinese companies...

Barack Obama tries Reagan touch on economy, but wages weigh

President Barack Obama, stumping for the Democrats ahead of November's congressional elections...
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Volkswagen seeks higher margins with China-only luxury sedan
Volkswagen will launch a VW-badged luxury sedan designed solely for China next year...
Growth in China’s factory sector seen stalling in Sept
Growth in China's large factory sector probably stalled in September, adding to worries the economy ...
Islamic State calls for attacks on US, French citizens
Islamic State urged its followers on Monday to attack citizens of the United States...
Alibaba IPO world’s biggest at $25 bn
Alibaba, the Chinese e-commerce giant, has officially set the record for the biggest initial public ...
Relief over Scotland gives way to ‘Great Stagnation’ worries
G20 nations say they are close to adding an extra $2 trn to the global economy
Hyundai Motor’s record $10.4-bn bid for trophy property alarms investors
The conglomerate smashed the previous record auction price for a single plot of land in South Korea ...
Ericsson to shut modem business, 1,000 jobs to go
Ericsson, the world's biggest mobile network equipment maker, is winding down its modem business, sh...
Scotland vote to seal United Kingdom’s fate
Scotland began voting in an independence referendum on Thursday that will decide the fate of the Uni...
In China’s biggest privatisation push, Sinopec to sell $17.5-bn retail stake
State-controlled oil giant Sinopec on Sunday unveiled a plan to sell a $17.5 billion stake in its re...
Nissan faces battery plant cuts amid rift with partner Renualt
Nissan’s plan would see US and British production phased out and a reduced output of next-generation...
Fed rate hikes may come sooner than expected
Many economists and traders had expected the US central bank to alter the rate guidance it has provi...
UK govt pledges state funding to Scotland
Britain promised to guarantee Scotland high levels of state funding, granting Scots greater control ...
Scot land scuttled
“The people of Scotland have spoken and it is a clear result,” Prime Minister David Cameron said.
EU relief at Scotland’s ‘no’ tinged with fear of nationalism
But as soon as the Scottish “no” was secure, they voiced satisfaction and drew consequences for thei...
China central bank lends $81.4 billion to 5 biggest banks
The loans were disbursed through the Standing Lending Facility, a policy tool created by the central...
Larry Ellison says he is done as chief at Oracle
Silicon Valley just got a little less colourful.
US regulators faulted in ignition defects at General Motors
Federal regulators had ample information to identify the dangerous ignition defect in General Motors...
With payment service & smartwatch Apple faces privacy challenge
No one has considered Apple a serious data company, until now.
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