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Why taking money out of China is getting tougher? Dalian Wanda may have the answer

Billionaire Wang Jianlin’s Dalian Wanda Group Co is facing obstacles in its $1 billion bid to buy Golden Globe Awards producer Dick Clark Productions Inc, according to people familiar with the matter.

Money News

Russia overtakes Saudi Arabia as world’s top crude oil producer

Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades.

World News

Over Twinkies and Tweets, China ponders: What does Trump want?

As a crowd of Midwesterners drank, danced and snacked on deep-fried Twinkies at the Iowa inaugural ball in the capital last month, an aide to Terry Branstad ushered a small group of Chinese dignitaries upstairs to a private r

Donald Trump, Travel ban, Syrian refugees, John Kelly, American Civil Liberties Union News

N Chandrasekaran takes over as chairman of Tata Sons: Here are five challenges he faces

Natarajan Chandrasekaran becomes chairman of Tata Sons Ltd., the holding company of Tata Group, on Tuesday.

Industry News

Foxconn, iPhone assembler, riding a wave of euphoria as Apple could introduce its most advanced and popular device yet

Growing optimism about the next iPhone has propelled Apple Inc. to record highs. Halfway around the globe, a lesser-known Taiwanese company is riding that same wave of euphoria.

Apple, Steve Jobs, Apple Inc., Tim Cook, Steve Jobs Theater News

Despite rising threats and Modi’s ‘Make in India’, here is why India’s defense sector isn’t capable of meeting arms requirement

Global arms sales over the last five years reached their highest level since 1990, with India continuing to top the charts as the world’s largest defense importer, a report from the Stockholm International Peace Research In

India News

Is gold still a safe haven?

What works for gold in practice rarely works in theory. The last three U.S. interest-rate increases that should, all other things being equal, be bad for the metal have seen prices jump in the months that followed.

Markets News

Solar could be cheapest source of energy: Here is how Modi could unleash exponential growth & make clean energy affordable

Record low Indian solar tariffs tendered at a groundbreaking auction may catalyze green investments and help tip the balance of new power to renewables and away from fossil fuels.

Solar could be cheapest source of energy: Here is how Modi could unleash exponential growth & make clean energy affordable

Narendra Modi reluctant to go ahead with key reforms that could lift India’s growth

Chinese President Xi Jinping has been grasping more and more control in his own hands since claiming power in 2012. Two years later, Prime Minister Narendra Modi in India and President Joko Widodo in Indonesia won office by s

Economy News

Malaysia Says four North Korean Suspects in Kim Jong Nam’s death fled country

The cause of death for Kim Jong Nam is still unknown and investigators are awaiting toxicology and pathology test results.

World News

Iran mocks Donald Trump threats, sets sights on Gulf nation deals

The Iranian ballistic missile test that prompted Trump’s Feb. 2 warning on Twitter resulted in renewed US sanctions.

World News

Lawmakers lay into Donald Trump for characterizing media as `The Enemy’

A free and at times adversarial press is essential “if you want to preserve democracy,” Republican Senator John McCain said in response to Donald Trump’s description of the media as the enemy of the American people.

donald trump News

Superbugs, climate chaos have Bill Gates and the UN Worried

Microsoft co-founder Bill Gates joined the United Nations to warn world leaders about a new series of threats shaping up as megatrends, led by global warming, superbugs and artificial intelligence.

World News

Facebook plans to rewire your life, but is turning into an extraterritorial state run by a small, unelected government

Facebook founder Mark Zuckerberg's manifesto, penned clearly in response to accusations leveled at the social network in the wake of the bitter U.S. election campaign, is a scary, dystopian document.

Industry News

General Motors and PSA to evaluate Opel unit buyout

General Motors Co. and PSA Group are discussing a valuation for GM’s Opel unit of roughly $2 billion as the automakers push to reach an agreement as soon as the end of next week, people familiar with the matter said.

Industry News

Warren Buffett, the Oracle of Omaha, is behind Kraft’s ambitious bid to buy Unilever

Buffett backed 3G’s acquisition of HJ Heinz and then the ketchup maker’s tie-up with Kraft.

World News

GST Council To finalise draft model law, meeting being held headed by Arun Jaitley

The GST Council, which is meeting on today, is likely to finalise the draft Model GST Law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers.

Economy News

Hedge funds are in trouble, and billions ride on it

When the first episode of Showtime’s Billions premiered in January of 2016, a Democrat was in the White House, #OscarsSoWhite was trending on Twitter, and the top 10 performing hedge funds with assets of more than $1 billio

Markets News

Fairfax’s Prem Watsa doubles down on Donald Trump bet, cuts stock shorts

Fairfax Financial Holdings Ltd., the holding company run by investor Prem Watsa, unloaded its long-term bond holdings and reduced short positions on stocks, adding to a bet that President Donald Trump will spur U.S. economic

Industry News

Donald Trump and NATO can team up to put Vladimir Putin on notice

US Secretary of Defense James Mattis and NATO Secretary General Jens Stoltenberg have taken a tough line against Russia’s many recent provocations.

Moscow, Ukraine, Vladimir Putin, Russia, Passport, Donetsk People's Republic, Lugansk People's Republic News

US Defense Secretary James Mattis delivers NATO a tough warning: Pay up or US retreats

Defense Secretary James Mattis used his first NATO meeting to warn European governments that the U.S. could scale back its pledge to defend Europe if ally nations don’t increase military spending.

James Mattis, European Union, NATO, Donald Trump, Defence Secretary News

Unforgiving work culture and sleepless nights are costing Japan’s economy billions each year

Sleep deprivation is doing more harm in Japan than just making people grumpy and unhealthy. It is also holding back the world’s third-largest economy.

World News

BlackRock, world’s biggest money manager’s, tips on investing in emerging markets, focus on facts, not Tweets

Here’s a tip from the world’s biggest money manager on investing in emerging markets: avoid knee-jerk reactions to political headlines.

Markets News

Warburg Pincus in advanced talks to buy stake in engineering unit of Tata Motors

Warburg Pincus is in advanced discussions to buy a stake in the engineering unit of Tata Motors Ltd., the manufacturer of Jaguar sports cars and Land Rover sport utility vehicles, people with knowledge of the matter said.

Industry News

Billionaire Warren Buffett’s partner Charles Munger criticises India, says people are burdened by a system that thwarts progress

Billionaire Charles Munger entertained shareholders of a small publishing company with his thoughts on giant financial firms, the new U.S. president and the world’s two most populous nations.

Industry News

Modi revives three-decade-old plan to build India’s first passenger jet, a 14-seat aircraft, called Saras

India is reviving a three-decade-old plan to build its first passenger aircraft as the South Asian country struggles to join an exclusive club of Asian nations that have advanced far ahead in creating their own home-made jets

Industry News

Uber Gives Restless Staff a Way to Cash Out With No IPO in Sight

Many longtime employees of Uber Technologies Inc. are multi-millionaires, at least on paper. But with no initial public offering in sight and a strict policy blocking most private share sales, they’re stuck in limbo.

Uber, Delhi boy, Delhi Technological University, Chetan Kakkar, Google News