Robyn Denholm replaces Elon Musk as new Tesla chair

Tesla Inc said board member Robyn Denholm will replace Elon Musk as its chair, more than a month after the billionaire had to step down as the electric-car maker's chairman as part of a settlement with U.S. regulators.

Industry News

BMW dented by upfront expenditure for new car launches

Investments to develop electric and self-driving cars, as well as spending to boost production of new X5, X7 and 8-series luxury models weighed on earnings when tariffs between China and the United States and a price war in E

Car News

Alibaba’s on-demand online services unit valued at $30 billion – sources

Alibaba Group's newly formed on-demand online services unit has rocketed in value to as much as $30 billion after raising $4 billion in fresh funds, people with knowledge of the situation told Reuters.

Industry News

Asia stocks cheered by post-election Wall St rally, dollar bounces

Asian stocks rose to a one-month peak on Thursday as investors, relieved to have moved past the U.S. midterm elections without any major political surprises, drove a Wall Street rally, while the dollar bounced and pulled away

Markets News

Behind Sri Lanka’s turmoil, a China-India struggle for investments and influence

Gleaming cranes stretch out on the waterfront in the Sri Lankan capital Colombo as Chinese companies construct a $1.5 billion new commercial district, including hotels, marinas and a motor racing track.

India News

Stocks rise after U.S. vote splits power; dollar slips

Most major stock markets rose on Wednesday, led by a strong rally on Wall Street, after the outcome of the U.S. midterm congressional elections drove expectations of political gridlock in Washington, boosting risk assets and

Markets News

US shares rally midterm elections; technology, healthcare stocks lead

Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S. midterm elections and made bets that a divided Congress would be good news for eq

Markets News

Dollar cuts losses as election jitters settle; focus turns to Fed

The dollar cut its losses on Wednesday as investors further digested the results of the U.S. midterm congressional elections, after an initial sell-off on expectations that the outcome would make further fiscal stimulus measu

Markets News

Oil dips as soaring U.S. production outweighs talk of OPEC output cuts

Oil prices dipped on Thursday as record U.S. crude output heightened concerns of a return of global oversupply, stoking talk from within OPEC that production curbs may become necessary once again to prevent a glut.

Markets News

Netflix plans to introduce 17 new original productions from Asia

Netflix Inc plans to introduce 17 new original productions from Asia as it seeks to boost international subscriber numbers, chief content officer Ted Sarandos said on Thursday.

Entertainment News

As groundwater runs short, water battles grow in parched Chennai

When the thousands of water lorry drivers who shore up parched Chennai's overtaxed water delivery system went on strike for three days last month, to protest a ruling restricting their access to groundwater, a water crisis en

India News

Begging in Beijing? Pakistan sacks state TV chief after broadcast gaffe

Pakistan has removed the acting chief of state-run television after a caption read "Begging" instead "Beijing" during a broadcast of Prime Minister Imran Khan's visit to China, which has promised economic aid to the impoveris

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OnePlus is giving Apple a tough time in India and problems go beyond price!

Apple could lose a third of sales from three million in 2017, according to the company's estimate. More than half of this sale is expected from cheaper old models.

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Urjit Patel could resign as RBI governor on November 19: Report

Reserve Bank of India (RBI) Governor Urjit Patel could resign at the central bank's next board meeting on November 19 due to differences with the Union government.

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Indian government set to turn up heat on central bank governor, say sources

The Indian government intends to keep pressing demands for the country's central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank's governor, three sources famili

Economy News

Democrats pick up US governorships but lose Florida, Ohio

Democrats picked up governorships in Kansas and at least three other U.S. states on Tuesday but failed to win high-profile races in Florida and Ohio, as voters cast ballots in three dozen gubernatorial contests across the cou

World News

Democrats capture U.S. House majority in rebuke to Trump

Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives on Tuesday where they will seek to keep his agenda in check and open his administration to intense scrut

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Facebook, Google tools reveal new political ad tactics

Public databases that shine a light on online political ads - launched by Facebook and Google before Tuesday's U.S. elections - offer the public the first broad view of how quickly the companies yank advertisements that break

Industry News

Democrats strike early in battle for US Congress, many races undecided

Democrats struck early in the battle for the U.S. House of Representatives, but numerous races that will shape the future of Donald Trump's presidency were still too close to call on Tuesday.

World News

UK PM Theresa May sets up business councils to advise on post-Brexit policy

Prime Minister Theresa May has created five new business councils to advise on issues facing core sectors of the economy as Britain leaves the European Union, her office said on Tuesday.

World News

Sri Lanka has suffered a coup without guns, says parliament speaker

Sri Lanka's parliamentary speaker has called the president's sacking of the prime minister to bring a former leader back to power a non-violent coup d'etat.

World News

Donald Trump’s stock market performance best in 64 years

US President Donald Trump has taken credit for the stock market’s gains during his nearly two years in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sent

Markets News

Wall Street opens flat as US elections get underway

U.S. stocks opened flat on Tuesday as investors awaited the outcome of U.S. midterm elections that could shape the future of Donald Trump's presidency and test his tax and trade policies.

Markets News

Urjit Patel faces government heat on lending curbs, forex reserves: Sources

The Indian government intends to keep pressing demands for the country's central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank's governor, three sources famili

Urjit Patel, Indian government, New Delhi, Finance Ministry, New Delhi, RBI governor News

Cathay Pacific Airways faces probe over massive data breach

Hong Kong's privacy commissioner will launch a compliance investigation into Cathay Pacific Airways over a data breach involving 9.4 million passengers, saying the carrier may have violated privacy rules.

World News

Apple suppliers fall on report saying iPhone Xr production is stalled

Apple Inc's Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR.

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Crude oil slips on worries that economic slowdown could weigh on fuel demand

Oil prices slipped on Tuesday as concerns that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran.

Commodities News
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