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Here’s why Donald Trump’s impeachment will not cause a stock market crash
President Trump told Wall Street you’re going to miss me when I’m gone and predicted a market crash if he was impeached.
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US warns Russia, says it will hit Assad if he uses chemical weapons to recapture Syria’s last rebel-held areas
The U.S. has told Russia it is ready to take strong military action against Syria if President Bashar al-Assad uses chemical weapons to recapture one of his country’s last rebel-held areas, according to four people familiar with the discussions.
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Warren Buffett’s unclosed deal: Billionaire investor cuts price on Laguna Beach house to $7.9 million
Warren Buffett can’t seem to close this deal. Now, he’s lowering the price of a vacation home in California by $3.1 million to attract potential buyers and finish the sale.
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Elon Musk takes a U-turn, says Tesla will remain public on shareholders’ request
The decision is a stunning reversal after Musk shocked the financial world Aug. 7, tweeting that he wanted to take the electric-car maker private at $420 a share and had “funding secured.”
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Kerala floods: Coffee production seen crashing to 21-year low as heavy rainfall damage plants
Coffee production in India will slump to the lowest in 21 years next season as heavy showers, flooding and landslides damaged trees in the main growing areas in the south of Asia’s third biggest producer.
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China’s ex-billionaire casino chairman goes missing, delivers shock to investors with record weekly plunge
Landing International Development Ltd. shares headed for a record weekly plunge after the casino operator said Chairman Yang Zhihui was unreachable, delivering another shock to investors just two weeks after the company’s $1.5 billion Philippine project was thrown into doubt.
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Why app developers are so mad at Apple and Google
For the past decade, we’ve come to accept that Google and Apple’s digital stores collect an up to 30 percent slice of the money developers receive when someone purchases their app, pays for a subscription or buys in-game currency.
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Bankruptcy averted? Anil Ambani gets relief from RCom bondholders as deadline looms
Reliance Communications Ltd., the embattled Indian phone company headed by billionaire Anil Ambani, clinched the approval of its overseas bondholders to ease the carrier’s debt burden, putting the company a step closer to averting bankruptcy.
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Apple and Google face growing revolt over app store `Tax’
A backlash against the app stores of Apple Inc. and Google is gaining steam, with a growing number of companies saying the tech giants are collecting too high a tax for connecting consumers to developers’ wares.
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Jack Ma-led Alibaba’s sales surge as free spending bears fruit
Alibaba Group Holding Ltd. reported its fastest pace of growth in more than four years by wringing more revenue from newer arenas such as cloud computing and entertainment, avoiding the disappointments that hit rival tech giants.
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H-1B visa issue: Tim Cook, Jamie Dimon, Indra Nooyi among CEOs fearing ‘harm’ from Trump immigration policy
Dozens of top U.S. business leaders including Apple Inc.’s Tim Cook, JPMorgan Chase & Co.’s Jamie Dimon and Pepsico Inc.’s Indra Nooyi signed a letter expressing “serious concerns” about the Trump administration’s immigration policy changes and their potential to undermine economic growth.
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English Premier League champions Manchester City expands its empire into Barcelona’s backyard
Among the lush green mountains of northern Catalonia, a group of young soccer players dressed top to toe in blue gently jogs up and down a neatly cut sports field rented from a nearby golf club.
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Why Australia can’t hold on to Prime Ministers
With the incumbent Malcolm Turnbull losing power Friday to his own Treasurer Scott Morrison in a three-way vote of the governing Liberal party, the country has its sixth leader in just over eight years.
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Apple CEO Tim Cook heading towards becoming a billionaire; poised to reap $120 million of stock after rally
Apple Inc.’s Tim Cook is set to collect stock worth about $120 million this week thanks to a run-up in shares of the iPhone maker.
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Forget China, Trump might end up a currency manipulator himself
It’s a label more frequently slapped on developing export economies and one that President Donald Trump took up just this week to browbeat China and Europe in his increasingly pitched trade war.
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Biggest IPO in history: Saudi Aramco puts IPO plans on hold, to focus on Sabic deal
The IPO process started in January 2016, when the crown prince said Riyadh was considering selling shares in Aramco, kicking off a deal set to be the world’s largest-ever flotation.
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After Complan, now iconic brand Horlicks for sale: Glaxo seeks bids by mid-September for $4 bn consumer health unit sale
The U.K. drugmaker announced in March that it aims to complete a strategic review of Horlicks and other nutritional products by the end of this year.
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Companies passing on higher costs to customers in India, and it’s a good sign for economy
More than 1,200 manufacturing firms — both small and large — polled by the Reserve Bank of India reported input price pressures and an increase in selling prices.
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LinkedIn will allow economics researchers to mine its data
Once upon a time, Facebook Inc. allowed academic researchers access to its data. We know how that story ends: with the Cambridge Analytica scandal.
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Apple is said to plan revamped low-cost Macs to reignite sales
Apple Inc. will release a new low-cost laptop and a professional-focused upgrade to the Mac mini desktop later this year, ending a drought of Mac computers that has limited sales of the company’s longest-running line of devices, according to people familiar with the plans.
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Why some techies are shunning Silicon Valley for this country
Software engineer Carlos Perez Gutierrez was in the enviable position of being able to choose between job offers. Ride-hailing company Lyft Inc. wanted him for its hip San Francisco office.
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Mid-cap stocks safer bet as price gap with Sensex firms widens amid global concerns, says $10 billion investor
Mid-sized companies whose earnings are tied to the local economy offer better protection against the headwinds from a trade war and the turmoil in Turkey, says Ashburton Investments.
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Indian companies cheap funding run to end? Foreign currency loans may get costlier; here’s why
Indian companies have paid average margins of 118 basis points on five-year dollar syndicated loans, the lowest since 2005, according to data compiled by Bloomberg.
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Billionaire Pallonji Mistry battles to unlock $17 billion of his wealth in India
Billionaire Pallonji Mistry has about 84 percent of his estimated $20 billion fortune locked up in a legal battle with India’s largest conglomerate.
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An unstable Venezuela inches closer to collapse
What happens when the country with the world’s largest oil reserves becomes its latest failed state?
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Greatest currency devaluation in history: Check how many millions Venezuelan bolivars will equal 1 US dollar
To make things more complicated, the new bolivar’s value will be linked to a crypto currency — believed to be the first time a government has ever employed the technique.
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India-listed companies’ earnings may surge to 2006-highs, if government doesn’t play spoilsport: BNP Paribas
The benchmark S&P BSE Sensex Index has rallied 11% this year, boosted by a revival in economic growth and company earnings, according to BNP Paribas’s Indian asset-management unit.
