Economy Rss icon

Global crackdown on tax avoidance from 2017: OECD

The OECD today released its first recommendations to combat tax avoidance by multinationals under its joint Base Erosion and Profit Shifting ...

Indonesians, optimistic about new prez, spend freely

According to a global measure of consumer confidence by Nielsen, Indonesia is second in confidence only to India, which also has a new leader

Post-referendum, cost of keeping Scotland in the UK likely to rise

Experts fear that greater fiscal devolution will put greater austerity pressure on England

Markets Rss icon

Alibaba market cap exceeds those of Amazon and eBay combined

Alibaba raised $21.8 billion in its initial public offering, more than any company in the US

Alibaba debuts to roaring demand

The Jack Ma-founded giant, which raised $21.8 billion in its stock sale, instantly became one of the biggest publicly traded technology ...

Alibaba surges on massive demand in trading debut

Alibaba is nearly unknown to most Americans but is ubiquitous in China, where it is responsible for 80 percent of online sales

Companies Rss icon

World's richest add $6.5 bn to kitty as Alibaba surges on IPO

The Chinese e-commerce company rose 38% to $93.89 in New York, raising the fortune of Jack Ma, Alibaba's founder, to $26.5 bn

Chinese internet giant dwarfs Indian biggies

Its market capitalisation tops those of the 3 largest Indian firms combined

'Siemens, GE consider bid for Dresser Rand'

General Electric, which has been in talks with Dresser-Rand, is also considering whether to make a bid, people familiar with the matter

Hyundai directors kept in dark on size of $10 billion land bid

The outsize bid sent shares in three Hyundai firms plunging and wiped out nearly $8 billion in market value

Politics Rss icon

PPP would get entire Kashmir from India: Bilawal

Bilawal, who will contest next general elections in 2018, heads the secular Pakistan People's Party

John Key close to poll victory in New Zealand

Key's seats would increase to 67 if he struck a deal with the minor parties that supported him in his second term

Ukraine signs buffer zone deal with rebels

Forces from both sides are required to retreat 15 kilometres from current frontlines within 24 hour

Ex-French President Nicolas Sarkozy announces return to politics

Move widely seen as a first step towards a presidential bid in 2017

Finance Rss icon

Senior US Fed official expects first rate hike in the spring

Richard Fisher, president of the Dallas Fed, said there are signs of financial excess in markets and that Texas wage-price pressures could ...

UBS in $1.4-billion test of French tax-evasion crackdown

UBS AG, the world's biggest manager of money for the rich, has become the test case for French President Francois Hollande's tax-evasion ...

China joins ECB in adding stimulus as Fed scales back

'People's Bank of China is injecting $81 bn into the nation's largest banks to boost liquidity'

Fed could hint on rate-hike plans as it prepares for policy turn

Speculation is rife the FOMC may change its guidance on how long it is likely to keep rates near zero

General Rss icon

Fortune ranks Indra Nooyi third most powerful woman in business

Nooyi, 58, dropped from the second position she held last year to third

India's GDP to rebound to over 7% in 2-3 years: Mayaram

Says the policies pursued by the Emerging Market Economies have been effective to bring growth back

US diamond market to shine despite China, India growth: De Beers

United States is likely to remain the world's largest market for diamonds for the next 15 years

Lufthansa pilots to strike Tuesday

No flights will take off from Frankfurt, the airline's biggest hub

Quick Links

Global Markets
Indices Last Change (%)
Shanghai Composite 2004.76 12.11 0.61
Nikkei 225 14658.04 68.13 0.47
DJIA 15560.49 16.75 0.11
DAX 8331.06 -0.51 -0.01
FTSE 100 6623.17 -7.50 -0.11