world news News
Chinese premier criticises EU move on trade measures
Reuters: Shanghai, May 25, 2013 at 1528 hrs ISTThe European Union is considering whether to impose punitive import duties on solar panels from China.
Billionaire investor apologises for saying women traders inferior
Reuters: New York, May 25, 2013 at 1145 hrs ISTPaul Jones had riled Wall Street when he said women will never quite rival men in investing or trading.
Rich country investors return home for stable cash income
Reuters: London, May 25, 2013 at 1145 hrs ISTInvestors are seeking more stable cash income at home, as aging societies dull risk appetite.
Japanese markets in worst rout in 2 years, Nikkei dives 7.3%, Topix 6.9%
Reuters: Tokyo, May 23, 2013 at 1349 hrs ISTWeak Chinese factory data rattled investors, prompting them to take profits from a recent rally.
Half of investments in emerging markets go via tax havens: study
Reuters: London, May 23, 2013 at 1029 hrs ISTCompanies may also make large internal loans from a tax haven subsidiary to another part of their business.
China May HSBC flash PMI slips to 7-month low on weak demand
Reuters: Beijing, May 23, 2013 at 0940 hrs ISTThe flash HSBC Purchasing Managers' Index for May fell to 49.6, slipping under the 50-point level.
London Heathrow Airport: On-fire British Airways jet makes emergency landing
PTI: London, May 24, 2013 at 1511 hrs ISTHeathrow Airport was closed after a British Airways jet made an emergency landing.Immune system cancer drugs tipped to be a $35 bln market
Reuters: London, May 22, 2013 at 1553 hrs ISTImmunotherapy may be used in 60% of cancers; Bristol-Myers Squibb, Roche shares upgraded to 'buy'.Beijing to offer private players larger role in economy
New York Times: SHANGHAI, May 25, 2013 at 0233 hrs ISTChina's new PM has said that the central govt would reduce state’s role in economic matters
EU leaders look to end Apple-style tax avoidance schemes
Reuters: Brussels/Paris, May 22, 2013 at 1303 hrs ISTFrance and Britain in particular have grown concerned by the sheer scale of the legal tax schemes.
Sony cuts sales target for cameras, smartphones for 2014-15
Reuters: May 22, 2013 at 1215 hrsJapan's Sony Corp lowered its sales target for digital cameras to $12.7 billion.
Apple CEO Tim Cook makes no apology for company's tax strategy
Reuters: May 22, 2013 at 1006 hrsApple in 2012 alone avoided paying $9 billion in U.S. taxes.
Pullback on UK's FTSE deepens as HSBC declines
Reuters: London, May 25, 2013 at 0442 hrs ISTFTSE 100 fell by 0.6 percent, or 42.45 points, to 6,654.34 points
Wall Street posts 1st weekly loss since mid-April on Fed angst
Reuters: New York, May 25, 2013 at 0415 hrs ISTDow Jones industrial average gained 8.60 points, or 0.06 percent, to 15,303.10 at the close
- Contain uncontrolled passion for gold: Chidambaram to countrymen
- Rich country investors return home for stable cash income
- Nitaqat law fall-out: 75,000 Indian workers and still counting
- Aided by high seat factor, IndiGo tops in capacity addition
- Billionaire investor apologises for saying women traders inferior
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