Page 823 - Business Finance
How China's BBK is giving the jitters to Samsung and Xiaomi in India
The moment you aspire to buy a Chinese smartphone with high-end specifications, brands like OnePlus, OPPO, Vivo or Realme immediately cross your mind -- devices which have gained tremendous popularity and substantial market share in the Indian market within no time.
Land, as vital as ever (Column: Behind Infra Lines)
The availability and usability of land to many investment sectors are essential, and yet these are areas that do not get the attention they deserve while making investment decisions and formulating policies. In the Indian context, this issue assumes greater importance, given the problems related to land that businesses and investors have faced in the past. Regardless, some fundamental questions must be answered regarding usability and relevant "land availability".
China's Xi: financial sector must serve the real economy
BEIJING (Reuters) - China's financial sector must serve the real economy, President Xi Jinping told a study session for senior Communist Party officials, state news agency Xinhua said on Saturday.
PM sees India as USD 10-trillion economy with countless startups
Prime Minister Narendra Modi Sunday laid out his vision for making India a USD 10-trillion economy, and the third-largest in the world, saying he wants the nation to have countless startups, and be a global leader in electric vehicles. Speaking at the Global Business Summit here, he said his government inherited an economy in complete policy paralysis, plagued by runaway inflation and rising current account deficit. Reforms in the last four and half years have changed the picture. "Change is clearly visible today," he said. BJP-led NDA rule witnessed highest post-liberalisation growth rate of 7.4 per cent, and lowest inflation of less than 4.5 per cent, he said adding that reforms like goods and services tax (GST) have laid solid foundation for higher gross domestic product (GDP) growth.
ZTE Wins GTI's Innovative Breakthrough in Mobile Technology Award 2018
/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet today won Innovative Breakthrough in Mobile Technology Award 2018 at Global TD-LTE Initiative (GTI) Award Ceremony held in Barcelona. This award was given in recognition of ZTE's achievements in 5G technology innovation, end-to-end product development, and network architecture verification. ZTE has made significant contributions to the research, testing, industrial cooperation and commercialization of SA architecture. In 2018, ZTE took the lead to launch a commercial-oriented SA solution with full-band, full-scenario serialized products that support 5G large-scale deployment and early commercialization of 5G SA. In collaboration with global operators, ZTE built the first 5G SA pilot networks both in China and Europe, made the world's first 3GPP-compliant 5G SA First Call at 2.6GHz and 3.5GHz, and completed the world's ...
Twitter co-founder Evan Williams leaving board
Twitter co-founder and one-time chief executive Evan Williams is stepping down from the board, leaving the one-to-many messaging service to focus on "other projects." Williams will depart the Twitter board at the end of this month, according to a filing with the US Securities and Exchange Commission on Friday. "It's been an incredible 13 years, and I'm proud of what Twitter has accomplished during my time with the company," Williams said in the filing. "I will continue rooting for the team as I focus my time on other projects." Williams throttled back his role in the San Francisco-based startup eight years ago, turning his attention to a new endeavors including creating popular online publishing platform Medium. Williams ceded his role as Twitter chief executive to Dick Costolo in 2010. Co-founder Jack Dorsey returned as Twitter chief in 2015, having held the position when the startup was nascent. Dorsey said in a Tweet that Williams was the reason he joined startup Odeo, an endeavor .
Trump says he's inclined to extend China trade deadline and meet Xi soon
WASHINGTON (Reuters) - President Donald Trump said on Friday there was "a very good chance" the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 tariff deadline and meet soon with Chinese President Xi Jinping.
US, China start Washington meeting with soybean deal
The meeting between US President Donald Trump and China's Vice Premier Liu He is underway in Washington, with China committing to buy an additional 10 million metric tons of US soybeans during the Oval office meet.Officials on both sides have indicated that a trade deal - which would put an end to the bilateral trade war - is a likely outcome of Friday's Oval Office meeting."BREAKING: In Oval Office meeting today, the Chinese committed to buying an additional 10 million metric tons of U.S. soybeans. Hats off to @POTUS for bringing China to the table. Strategy is working. Show of good faith by the Chinese. Also indications of more good news to come," Sonny Perdue, the Secretary of the US Department of Agriculture, tweeted on Friday (local time).The previous round of talks took place in Beijing last week.It is important for these talks to reach certain agreements as the truce period of 90 days, mutually decided by Trump and his Chinese counterpart Xi Jinping, is about to end on March ...
Citgo Petroleum confirms new board, begins CEO search - statement
HOUSTON (Reuters) - U.S. refiner Citgo Petroleum Corp on Friday said it accepted a new board of independent directors and launched a search for a chief executive, in a split with its Venezuelan state-run parent PDVSA.
Citgo Petroleum confirms new board, begins CEO search: statement
HOUSTON (Reuters) - U.S. refiner Citgo Petroleum Corp on Friday said it accepted a new board of independent directors and launched a search for a chief executive, in a split with its Venezuelan state-run parent PDVSA.
US, China extend trade talks into the weekend
Negotiators representing the US and China agreed on Friday to extend trade talks into the weekend, media reported.
Trump says inclined to extend China trade deadline, to meet Xi soon
WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday there was "a very good chance" the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 deadline to reach an agreement.
Canada's Barrick considers buyout of rival Newmont Mining
MELBOURNE/HOUSTON (Reuters) - Canada's Barrick Gold Corp said on Friday it considered making an all-stock bid for U.S. rival Newmont Mining Corp, a deal that would create a monolith in the global gold sector and likely push smaller peers to start buying each other.
Fed's policy pause sets stage for broad overhaul
NEW YORK/SAN FRANCISCO (Reuters) - When Federal Reserve policymakers last month put a three-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4 trillion balance sheet, they cited increased risks to U.S. economic growth and the need for more time to sort through the data.
Twitter co-founder Evan Williams steps down from board
(Reuters) - Twitter Inc said on Friday one of its co-founders, Evan Williams, will be stepping down as a member of its board at the end of the month.
Global Markets: U.S.-China trade hopes lift stocks; oil hits three-month high
NEW YORK (Reuters) - Stocks rose in major markets across the world on Friday on bets of progress in trade talks between China and the United States, while crude futures hit their highest level in more than three months supported by ongoing supply cuts.
S&P 500 posts highest close since November 8 on trade optimism
NEW YORK (Reuters) - The S&P 500 posted its highest closing level since Nov. 8 on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China.
Trump says inclined to extend trade deadline, to meet China's Xi soon
WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday that there was a very good chance the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 deadline to reach an agreement.
U.S. seeks to recover $38 million in assets from 1MDB case
WASHINGTON (Reuters) - The U.S. Justice Department on Friday said it had filed complaints seeking forfeiture and recovery of approximately $38 million in assets associated with its 1Malaysia Development Berhard - or 1MDB - case, bringing the assets now subject to forfeiture to a total of about $1.7 billion (1.3 billion pounds).
Trade hopes push Wall Street forward
NEW YORK (Reuters) - U.S. stocks climbed and the Dow and Nasdaq posted a ninth straight week of gains on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China.