Bloomberg

How modern cities can adapt to make themselves friendly for scooters and bikes in place of cars?

If the future of urban transportation places less emphasis on cars, then the amount of space that car lanes need will decrease.

Industry News

Iran oil sanctions: India, 7 others get US waiver

Treasury secretary Steven Mnuchin said the US is “intent on ensuring that global funds stop flowing to the coffers of the Iranian regime”.

Economy News

Google walkout: CEO Sundar Pichai says he’s still the boss amid employee revolts

On Thursday, thousands of Google employees walked out of their offices worldwide to protest the company’s handling of alleged misconduct by some executives.

Industry News

‘Wrath of Markets?’ DEA secy SC Garg’s tweet pokes RBI after Viral speech

An uneasy truce between Prime Minister Narendra Modi’s government and the central bank was tested two days after the administration said it respects the central bank’s autonomy. “Rupee trading at less than 73 to a dolla

G20 meeting, subhash chandra garg, rising oil prices ,finance ministry, GPFI process, global economy, New Development Bank News

RBI’s, other Asia central banks’ pause in interest rate hike not going to last very long

The three Asian central banks leading the region’s tightening cycle have used a spell of relative calm to take a breather on raising interest rates -- but it’s not likely to last.

Economy News

US President Donald Trump’s Xi Jinping tweet gives traders a straw to grasp

October was the worst month for U.S. stocks since 2011, with the S&P 500 Index tumbling 6.94 percent.

Donald Trump, Donald Trump twitter, Xi Jinping, China Xi Jinping, Donald Trump tweet, market news

DLF says IL&FS default crisis, India credit market turmoil will help its home sales; here’s how

The turmoil in India’s credit markets, brought on by defaults at a major infrastructure financier, will benefit the nation’s largest developer, allowing it to sell homes while peers struggle to get money to finish their p

Industry News

A synchronized slowdown is looming in global growth: World economy this week

The risk of synchronized slowdown in global growth as Europe wobbles, China sputters and stock markets around the world keep crumbling dominated the world economy this week.

Economy News

One phone call brings bulls back into Asia stock market; equities rally to best week in 8 months

There’s no shortage of superlatives to describe this equity rally: best four-day gain in more than two years, best week since February, first gain in six weeks and higher trading volume across the board.

Asia stock, Asia stock market, equities rally, higher trading volume, largest economies, market news

Subramanian Swamy backs Governor Urjit Patel in RBI vs Govt spat; slams Arun Jaitley

Subramanian Swamy -- a member of Modi’s ruling party whose criticism of Raghuram Rajan and the absence of any backing from the government contributed to him not seeking a second term as central bank chief in 2016 -- said Pa

Economy News

Kill IL&FS’s toxic culture by dismembering it

The $12.8 billion bankruptcy of shadow lender Infrastructure Leasing & Financial Services Ltd. is starting to offer a glimmer of hope.

Banking & Finance News

Why Australia will struggle to escape the next global economic slowdown

The nation’s vulnerability to increasing external risks was the overriding concern of a panel discussion held Thursday between Heather Ridout, chair of Australia’s largest pension fund

Economy News

China may rely on fiscal stimulus measures: 7 policy tools it can use to pull economy out of slowdown

Economists expect China’s government to rely more on fiscal stimulus to boost the economy out of the current slowdown, due to the limitations faced by the central bank.

china, china economy, china trade war, reserve requirement ratios, China central bank, People's Bank of China, economy news

Asia stocks attempt November rally; Pound jumps: Markets wrap

Most stocks in Asia advanced Thursday, building on a rally in global equities in the final two days of what was still their worst month in more than six years.

Markets News

Jaguar Land Rover needs to get out of this rut

The Indian automaker’s luxury arm dropped into the red in the quarter ended Sept. 30, posting a pretax loss of 90 million pounds, with Ebit margins below breakeven and volumes down.

Industry News

Where to do business in 2019; and where to avoid

In the World Bank’s annual ranking of bureaucracy-busting economies, New Zealand again claimed the top spot after making it cheaper to set up a company.

Economy News

Battered Indian rupee, stocks, bonds could do without this quarrel

In the end, India’s rupee pared losses and stocks surged on Wednesday as the government sought to dampen concerns over its rift with the central bank.

Markets News

RBI-government spat is the latest in central bank fights around the world as easy money ends

India is the latest country to see age-old tensions between governments and central banks flare up as the era of easy money draws to a close.

Economy News

With Donald Trump’s Iran hammer about to fall, who may seek a waiver?

India is the second-biggest importer of Iranian oil is cutting back –- while signaling that it won’t shut down the trade completely. And India isn’t just buying crude from Iran. It’s also preparing to buy missile defe

With Iran sanction kicking in on November 4, the oil prices may, once again, breach $85 a barrel mark again. News

Fortress Facebook suddenly shows vulnerability: Shira Ovide

Facebook disclosed on Tuesday that its third-quarter revenue rose 33 percent from a year earlier — about in line with the rate of slowdown the company warned investors about in July.

Facebook, Facebook Inc, Facebook revenue growth, advertising sales, technology news

Replacing Iran’s lost oil supply a boon for supertanker fleet

Higher OPEC oil production and longer voyages are propelling shipowners back to good times.

oil supply, OPEC oil production, Middle East, Gulf-to-China, Saudi Arabia, Persian Gulf, market News

China’s aversion to big bang stimulus tested by Donald Trump’s US tariffs

China’s attempt to break free from the debt-financed stimulus of the past is being stress tested by Donald Trump.

china, us tariff, trump tariff, Donald Trump, Us president, US imports, investment incentives, monetary binge, economy news

Samsung scales back capital spending as earnings top estimates

Samsung Electronics Co. posted quarterly profit that topped analyst estimates on growth in its memory chip business as it announced a reduction in capital spending for the year.

samsung, Samsung Electronics, memory chip, mobile devices, smartphones, south korea, technology news, industry news

Nintendo’s switch struggles to keep up with Sony’s older PS4

The five-year-old PlayStation 4 is delivering more energy — and profit growth — for Sony Corp.’s business, when compared with Nintendo Co.’s much-newer Switch.

Nintendo, PS4, sony PS4, Sony Corp, sony operating profit, PlayStation, PlayStation 4, Battlefield V, Fallout 76, Just Cause 4, technology news

Asian stocks mixed; treasury yields hold gains: Markets wrap

Asian stocks traded mixed on the last day of a bruising month after a topsy-turvy U.S. session that eventually saw equities rally.

Asian stocks, trade market, South Korea, Hong Kong, S&P 500 Index, Stocks, currencies, bonds, market news

Facebook chief Mark Zuckerberg makes case for shift to video, Instagram

Facebook Inc. CEO Mark Zuckerberg is betting the company’s future on video and disappearing posts called "stories," not the company’s famous news feed. Investors are buying into the vision for now.

facebook, Mark Zuckerberg, Instagram, facebook stories, instagram stories, David Wehner, scandals and privacy, technology news

Chinese spies tried to steal aviation technology, US alleges

Two Chinese spies working for the Jiangsu province arm of the Chinese Ministry of State Security are among those charged in the case.

china, us, chinese spy, aviation technology, steal commercial aviation technology, technology news
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