Bloomberg

Alibaba chalks up $1.44 billion of singles’ day sales in minutes

Alibaba Group Holding Ltd. logged 10 billion yuan ($1.44 billion) of sales volume in the opening minutes of its annual Singles’ Day extravaganza, outpacing last year’s start as shoppers around the world swarmed the e-comm

Industry News

Shale cash gusher sees EOG join oil’s $1 billion-a-quarter club

The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans.

Industry News

China touts success of import fair with $58 billion in deals

Chinese companies signed a combined $57.83 billion worth of intended one-year deals at the country’s first import fair this week, China Central Television reported, as the government seeks to boost demand for foreign goods

Economy News

Saudi Arabia, Iraq agree on coordination ahead of OPEC+ Talks

Al-Falih flew into Baghdad for a meeting with Iraqi Prime Minister Adel Abdul Mahdi ahead of talks between OPEC and its allies in Abu Dhabi Sunday to discuss whether to cut production amid a drop in crude prices.

Markets News

Oil’s rapid run of declines kicks up pressure as OPEC gathers

Futures in New York slid 0.8 percent to settle at $60.19 a barrel on Friday, a day after falling into a bear market on concerns growing supplies will overwhelm the market, as the U.S. offered nations waivers to continue buyin

Markets News

Alibaba Singles’ Day: No spurt seen in Jack Ma fortune

Singles’ Day is set to break all kinds of international sales records this year. But don’t expect the frenzy to lift Alibaba chairman Jack Ma’s net worth.

Money News

Apple, Amazon strike deal; iPhone, iPad, Mac computer to be sold on e-commerce platform soon

Apple Inc. and Amazon.com Inc., two of the world’s most valuable technology companies, struck a deal to get the newest iPhones into the hands of Amazon customers.

Industry News

Crude oil short-sellers make a comeback as OPEC moves to center stage

While money managers slashed bets on rising West Texas Intermediate crude prices for a ninth week in their longest retreat on record, short-selling jumped to the highest in more than a year.

Markets News

Asian Markets: $4.3 trillion wipeout is getting deeper

It was looking like a week of wound-licking for Asian stocks. Then crude oil entered a bear market and alarm bells rang on China’s slowdown as tech stocks plunged.

Markets News

Fastest growing yet difficult-to-predict Indian economy inspires new measuring tools

The world’s fastest-growing economy is also one of the most difficult to decipher. A change in the methodology to calculate gross domestic product is partly why India’s data is puzzling and is prompting economists to find

agriculture, agriculture sector,agriculture industry News

Delhi air pollution: NCR’s air is a water crisis in disguise

Weaning Punjab’s farmers off rice is next to impossible, and given the primacy of food security, politicians won’t even seriously try.

pollution, delhi pollution News

Volkswagen is planning a small e-car to challenge Tesla; sales of entry-level vehicle to start sometime after 2020

Sales of this entry-level vehicle could start sometime after 2020; it would be far cheaper than Tesla Model 3

volksvogen, automobile sector, automobile industry News

Volvo Cars rips up production plans: The Swedish brand cancels export to US-made S60 sedans to China

Volvo Cars is shredding production plans drawn up for much of its line-up in an effort to dodge tariffs the US and China have slapped on auto imports.

volvo, auto sector, auto industry News

Saudi Arabia’s think-tank studying hypothetical world sans OPEC

The study is the second in a series, after an earlier report found that OPEC’s spare capacity reduces oil price volatility and generates as much as $200 bn of annual economic benefits for the world economy.

opec, saudi arabia News

US vs China: Internet is splitting into two as trade war rages

Western bigwigs were a no-show at China’s biggest web conference.

china, us, internet News

Government’s demand for surplus reserves may escalate standoff with RBI

The matter is pending before the board of the Reserve Bank of India and may be taken up at its next meeting likely on Nov. 19, a government official told reporters in New Delhi, asking not to be identified citing rules.

Economy News

Morgan Stanley sues Morgan Stanley for wrongful use of name

Goldman Sachs Group Inc. had a similar issue in 2015, when it insisted it had no relation to a Chinese firm using a nearly identical English and Chinese name.

Industry News

Difficult-to-predict India economy inspires new measuring tools

The world’s fastest-growing economy is also one of the most difficult to decipher. A change in the methodology to calculate gross domestic product is partly why India’s data is puzzling and is prompting economists to find

Economy News

Narendra Modi is still fighting demonetisation damage two years later

Two years after India’s Prime Minister Narendra Modi shocked the nation by banning high-value cash notes, the opposition is still trying to score political points from the damage done to the economy.

narendra modi, modi news, latest news, important news, trending news, news today, news updates News

Bitcoin Battle: Winklevosses’ foe wins end to asset freeze

The Winklevoss brothers lost a round in a court against the disgraced former head of a New York cryptocurrency exchange.

bitcoin, bitcoin news, latest news, important news, trending news, news today, news update News

Alibaba goes global to hit new single day record

Alibaba Group Holding Ltd. is looking beyond borders to turn its annual Singles’ Day shopping celebration into a global phenomenon.

Industry News

Samsung unveils foldable phone, here’s what we know so far

Samsung Electronics showed off a new phone with a foldable screen in a bid to shake up a smartphone business awash with black, shiny rectangles that look increasingly similar.

samsung, south korea News

Traffic situation: Why big cities are running out of road space

Take Beijing. If any city should be able to meet the demands of transporting a fast-growing urban population, it is Beijing, but yet, the city is still bursting at the seams, despite road-space rationing; vehicle quotas.

highway sector, highway industry News

China’s power play in south pacific gets Australian rebuttal

Prime Minister Scott Morrison vowed to increase Australia’s military and diplomatic engagement in the South Pacific amid concerns the nation’s influence is waning as China thrusts into the region.

Defence News

Amazon Go has a real rival in Japan and its shares are soaring

Amazon.com Inc. is betting that stores of the future won’t have any clerks or registers. A company in Japan thinks it can get there first.

amazon, amazon news, amazon latest news, amazon news today News

Russia looks to hydrogen as way to make gas greener for Europe

Gazprom PJSC, the Russian company that’s the dominant exporter of natural gas into Europe, is exploring ways to produce emissions-free hydrogen from its fuel and create a 153 billion-euro ($175 billion) a year market by 205

Industry News
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