Business / World Business

Billionaire Klarman slams Trump, vows to work for Clinton 04 Aug 2016 - 07:58 am

By Lawrence Delevingne NEW YORK: Billionaire hedge fund manager Seth Klarman said on Wednesday he would work to get Hillary Clinton elected president...

Five things to know about India's radical new tax plan 04 Aug 2016 - 12:00 am

Prospective customers look at LED TVs at a showroom in Siliguri on August 3, 2016. Finance Minister Arun Jaitley said India was on...

EDF boss knew Britain planned to delay $24 bln nuclear deal 04 Aug 2016 - 12:00 am

File photo of Jean-Bernard Levy, Chief Executive Officer of France's state-owned electricity company EDF, attends a visit at the Electricite de France (EDF)...

IMAX to open 160 cinemas with China's Wanda 03 Aug 2016 - 12:00 am

Shanghai: North American entertainment giant IMAX Corp. said Tuesday it plans to open 150 new cinemas in China after reaching agreement with Chinese...

Calvin Klein snaps up ex-Dior designer Simons 03 Aug 2016 - 12:00 am

This file photo taken on January 20, 2016 shows Belgian designer Raf Simons acknowledging the crowd at the end of his fashion show...

BMW powers through second quarter towards record year 02 Aug 2016 - 11:30 am

BMW presents the 'Vision Next 100' concept car during centenary celebrations at the Olympic Hall in Munich, southern Germany March 7, 2016. (REUTERS/Michael...

After bruising China battle, Uber cedes to rival Didi 01 Aug 2016 - 03:44 pm

A taxi passes by an Uber station outside a shopping mall in Beijing on August 1, 2016.(AFP) By Heather Somerville and Denny Thomas...

Uber China to merge with local rival Didi to create $35 billion company 01 Aug 2016 - 11:43 am

A mascot of Didi Chuxing is seen at the company's headquarters in Beijing, China, May 18, 2016. (REUTERS/Kim Kyung-Hoon/File Photo) By Eric Newcomer...

Amazon quarterly profit jumps ninefold to $857m 30 Jul 2016 - 05:27 am

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City. Washington: Online giant Amazon said profit in the...

The TPP is much more than just a free-trade deal 30 Jul 2016 - 05:24 am

Delegates show their opposition to the Trans-Pacific Parternership Agreement (TPP) during Day 1 of the Democratic National Convention at the Wells Fargo Center...

Alphabet revs up advertising, boosts profits 30 Jul 2016 - 05:23 am

Alphabet Chief Financial Officer Ruth Porat San Francisco: Google parent Alphabet beat expectations with robust profit growth for the past quarter, fueled by...

Armani creates foundation as succession issue looms 30 Jul 2016 - 05:21 am

Giorgio Armani appears at the end of a fashion show for Giorgio Armani Prive in Paris. MILAN: Italian fashion designer Giorgio Armani said...

Bank of Japan eases policy by doubling ETF buying, underwhelms expectations 30 Jul 2016 - 05:20 am

Bank of Japan (BOJ) Governor Haruhiko Kuroda (centre) attends a policy board meeting at the BOJ headquarters in Tokyo yesterday. TOKYO: The Bank...

Opinion: Distressed debt diva Lynn Tilton speaks out on ‘unfair’ SEC trial 30 Jul 2016 - 12:00 am

New York financier Lynn Tilton arrives for an appeal hearing at the U.S. District courthouse in New York, September 16, 2015. Reuters/Brendan McDermid...

With eye on China, India doubles down on container hub ports 30 Jul 2016 - 12:00 am

Indian billionaire Gautam Adani speaks during an interview with Reuters at his office in Ahmedabad, India, April 2, 2014. REUTERS/Amit Dave Adani Group...

Amazon revenue beats estimates as cloud sales surge 29 Jul 2016 - 02:03 am

An Amazon Fire tablet is displayed during a media event in San Francisco California, September 16, 2015. Reuters / Beck Diefenbach Amazon.com Inc...

Analysis: EU leniency for Spain, Portugal signals softer economic path 29 Jul 2016 - 12:00 am

Portuguese president Marcelo Rebelo de Sousa makes a statement after the European Commission decided not to sanction Portugal, at Belem Palace in Lisbon...

Nobel economist Joseph Stiglitz calls Apple’s profit reporting in Ireland ‘a fraud’ 29 Jul 2016 - 12:00 am

“Our current tax system encourages companies to keep their money abroad, opens up a vast loophole through what is called the transfer-pricing system...