Business / World Business

India's Tata removes Mistry as beverage giant chairman 15 Nov 2016 - 05:40 pm

New Delhi: Indian conglomerate Tata removed Cyrus Mistry as the chairman of the tea giant Tata Global Beverages Limited Tuesday, weeks after dumping...

Dirty linen: a bed sheets scandal is roiling the cotton industry 15 Nov 2016 - 04:40 pm

Huddled inside Target Corp.’s headquarters in downtown Minneapolis, a team of investigators spent the summer trying to answer what should have been a...

Insight: Multinational firms dumping Venezuela operations in fire sales 15 Nov 2016 - 04:33 pm

CARACAS: Multinational companies are selling their Venezuelan operations at hefty discounts - or even giving them away - as they to seek to...

Interview: Hard or soft Trump? Ex-WTO head Lamy sees trade realities 15 Nov 2016 - 04:23 pm

PARIS: U.S. President-elect Donald Trump will have little choice but to adopt a softer line on trade than the one he has flagged...

Trump plan to boost oil, coal could send prices lower 15 Nov 2016 - 10:01 am

Washington: President-elect Donald Trump has pledged to boost the oil and gas sector and bring back coal, reversing President Barack Obama's efforts to...

Greek economy grows for first time in two years 14 Nov 2016 - 06:41 pm

Athens: The Greek economy posted quarterly growth for the first time since 2014 in the three months to September, figures released Monday showed....

Brexit throws £65bn of investment into doubt: study 14 Nov 2016 - 03:24 pm

London: Britain's shock vote to leave the European Union has persuaded many British businesses to cancel or postpone investments worth more than £65...

China says retail sales growth slows in October 14 Nov 2016 - 11:49 am

Beijing: China's retail sales growth slowed last month, government data showed Monday, in a worrying sign for domestic demand in the world's second-largest...

Key week for Tata tussle as Mistry faces Tata Motors board 14 Nov 2016 - 09:52 am

MUMBAI: Tata Motors, owner of Jaguar Land Rover and makers of India's cheapest car, will on Monday become the latest piece of the...

Toyota agrees to $3.4 bn rust dispute settlement 13 Nov 2016 - 01:38 pm

San Francisco: Toyota has agreed to settle a class-action lawsuit and pay approximately $3.4 billion to owners of trucks and SUVs in the...

Samsung, Hyundai bosses quizzed in S. Korea scandal probe 13 Nov 2016 - 11:30 am

Seoul: South Korean prosecutors investigating a corruption scandal engulfing President Park-Geun Hye have quizzed Samsung group scion and the chairman of Hyundai Motor,...

Mexico's peso plummets to new low on Trump effect 12 Nov 2016 - 08:59 am

Mexico City: The Mexican peso endured one of its worst week in two decades, falling to a new record low on Friday over...

From avocados to autos, Mexican businesses fear tough times with Trump 10 Nov 2016 - 09:52 pm

TIJUANA, Mexico/MEXICO CITY: From avocado orchards to border factories, Mexican exporters who have prospered under two decades of NAFTA face the prospect of...

Analysis: Investors, economists brace for new dangerous game: parsing Trump’s words 10 Nov 2016 - 09:43 pm

NEW YORK: Move over, Janet Yellen. The Federal Reserve chief has a challenger for the title of speaker most scrutinized by Wall Street,...

Tough reality check for Trump’s pledge of better heartland jobs, wages 10 Nov 2016 - 03:39 pm

CHARLOTTE, North Carolina: Donald Trump’s promise to revive small town America faces a tough challenge in an economy that for decades has been...

Gold surges on investor flight 10 Nov 2016 - 12:45 am

London: Gold prices jumped nearly 5 percent yesterday. Prices cut gains to dip below $1,300 an ounce as wider markets stabilised after a...

Stock market 'Trump slump' turns into rally 09 Nov 2016 - 08:37 pm

London: World stock markets recovered from a sharp initial downturn to maverick Republican Donald Trump's shock election win on Wednesday, quickly regaining their...