Title Description Posted Date
New Yorkers say they'll miss Toys'R'Us

Toys 'R' Us, the iconic toy retailer, is closing or selling its U.S. stores after failing to find a buyer or reach a deal to restructure billions in debt. Aleksandra Michalska reports.

18-Mar-2018
Royal wedding: Bonanza for Meghan's dres

American actress Meghan Markle joins the British royal family in less than two months' time when she marries Prince Harry and who will design her wedding gown is the subject of much debate. As Ciara Lee reports, having apparel seen on a member of Britain's royal family often leads to a spike in sales.

18-Mar-2018
Lufthansa's growth clipped by plane deli

Lufthansa has cut its growth plans for the year citing a lack of planes and crew after reporting a 70-percent jump in profit for 2017.  As Sonia Legg reports, the German airline group plans to increase capacity by 9.5 percent this year, down from plans in January for a 12 percent increase.

18-Mar-2018
Amazon Prime video numbers revealed

Amazon's top TV shows lured more than 5 million people globally to its Prime shopping club, Reuters has learned. Fred Katayama reports.

18-Mar-2018
Britain loses battle for Unilever HQ

Britain's third biggest company Unilever will scrap its London corporate headquarters and make Rotterdam its sole legal home.  As David Pollard reports, the decision by Britain's third largest company is a blow to Prime Minister Theresa May's government almost one year to the day before Brexit.

18-Mar-2018
PNB detects another fraud at Mumbai bran

New Delhi, (ANI): Punjab National Bank (PNB) on Thursday detected another fraud of around Rs 9.9 crore at a Mumbai branch. The new alleged fraud involves officials of a little known company called Chandri Paper and Allied Products Pvt Ltd, the Central Bureau of Investigation said in the complaint posted on its website.

18-Mar-2018
Toys 'R' Us will likely shut all U.S. st

The iconic store chain, Toys 'R' Us, will sell or close all of its U.S. stores in the coming months, which could affect up to 33,000 jobs and more than 700 U.S. locations. Colette Luke has more.

18-Mar-2018
Wall St falls on renwed trade war fears

U.S. stocks fell Wednesday after President Donald Trump sought to impose fresh tariffs on China. Fred Katayama reports.

18-Mar-2018
Dog dies on United Airlines flight

A little dog died on a United Airlines flight after an attendant forced the animal's owner to put the pet in the cabin's overhead bin. Aleksandra Michalska reports.

18-Mar-2018
Broadcom nixes bid for Qualcomm

Singapore-based Broadcom withdrew its $117 billion bid for Qualcomm, two days after U.S. President Donald Trump blocked it citing national security concerns. Aleksandra Michalska reports.

18-Mar-2018
Google to ban cryptocurrency ads

Alphabet Inc's Google has announced it will ban advertisements for cryptocurrencies and related content starting in June.  As Ivor Bennett reports, it comes as a calls for a global regulatory crackdown on cryptocurrencies increase.

18-Mar-2018
Italian bank offers customers cash, coff

Italy's top pastry chef, Iginio Massari, is banking on his latest patisserie to set a new trend.  As Pascale Davies reports, he's a coffee shop inside a bank branch in central Milan.

18-Mar-2018
ECB to end QE when inflation on sustaina

The ECB has tempered market expectations for a speedy exit from asset buys.  As David Pollard reports, ECB President Mario Draghi says further evidence that inflation is rising towards the bank's target is needed first.

18-Mar-2018
Credit disbursal to MSMEs up by 20% year

New Delhi, (ANI): Amid a slew of reforms taken for the empowerment of the Micro Small and Medium Enterprise (MSME) segment, the Centre revealed that loan disbursal to this segment witnessed a 20 percent growth year-on-year (YoY). However, first-time borrowers increased by four lakhs, while loans to small businesses in the Rs. 10 lakh sub-section increased by 32 percent. Out of this, companies in the Rs.10-50 lakh segment saw 17.1 percent growth, while those in the Rs.50 lakh to Rs. 1 crore grew by 15.6 percent. The data also revealed that MSMEs with a loan between Rs.10 lakh and Rs. 5 crores had the lowest crime rate, stable asset quality and limited downside. MSME sector, in this year's Union Budget, was recognised as the engine of growth and employment.

18-Mar-2018
Matrix Partners India invests in Bengalu

New Delhi (ANI): Equity investment firm Matrix Partners's India division has invested in Avail Finance, a Bengaluru-based online lending platform. In addition to Matrix Partners India, Bhavish Aggarwal and Ankit Bhati, Ola's co-founders, Binny Bansal, co-founder and group CEO of Flipkart, Kunal Shah, founder of Freecharge; and Manish Patel, founder and CEO of Mswipe, also participated in the funding round. Avail Finance has raised a total of USD 17.2 million which includes debt and credit lines from multiple NBFCs. Leveraging alternate digital data and the power of the India stack (Aadhaar, eKYC, UPI), Avail aims to create a seamless lending and repayment process to serve this segment.

18-Mar-2018
Walmart expands home delivery service

Walmart is expanding its home delivery service to more than 100 metro areas, stepping up the battle with its rivals like Amazon and Kroger. Fred Katayama reports.

18-Mar-2018
Currency effects squeeze margins at Zara

Double-digit growth in online sales helped Inditex, the fashion house of Zara, despite a squeeze on profit margins due to the currency effect. Pascale Davies reports.

18-Mar-2018
Insect farmers offer food for thought

Farmers in Uganda are being encouraged to use insects as livestock feed to enable them to find more nutritious protein alternatives for their animals. As Ivor Bennett reports, breeding insects like maggots and earthworms also takes up less space.

18-Mar-2018
Trade war concerns hit shares, overshado

U.S. President Donald Trump is reportedly seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors.  As David Pollard reports, the news overshadowed data showing China's industrial output grew much faster than expected at the start of the year.

18-Mar-2018
Adidas shares jump on buyback, profit op

Shares of German sportswear firm Adidas soar after it announces a large buyback, gives an upbeat outlook for 2018 and lifts its 2020 profitability forecast, helped by rapid growth of ecommerce.  Ivor Bennett reports.

18-Mar-2018
US consumer prices slow in February; ren

New Delhi, (ANI): Consumer prices cooled in February which is a sign of relief for inflation-focused investors. Prices at the pump fell nearly 1 percent, and rental costs moderated. That resulted in a 0.2 percent rise in the Consumer Price Index, a slowdown from the 0.5 percent rise in January. Strip out volatile components food and energy, and prices rose 0.2 percent. Both were in line with economists' forecasts. FAO Economics chief economist Robert Brusca called it a "plain vanilla report," saying, "The acceleration stopped. I'm in the camp that inflation is under control. There are a lot of dynamics in place to keep it down." Equity investors celebrated the inflation data, sending stocks up sharply at the market open Tuesday. Treasury yields edged lower.

18-Mar-2018
UK's sluggish economy to grow a bit more

London (England), (ANI): UK Finance Minister Philip Hammond said the country's economy will grow slightly faster than previously thought in the run-up to Brexit. Hammond, delivering a half-yearly update on the public finances, said Britain's budget forecasters expect the economy to grow by 1.5 percent in 2018, up a touch from a forecast of 1.4 percent in November.

18-Mar-2018
Wall St falls on Tillerson exit

The ouster of Secretary of State Rex Tillerson dragged down stocks in the U.S. and Europe. Fred Katayama reports.

18-Mar-2018
Larry Page-backed company unveils pilotl

Alphabet CEO Larry Page-backed firm Kitty Hawk showed its autonomous flying car, Cora, after testing it in New Zealand. Aleksandra Michalska reports.

16-Mar-2018
Broadcom's shopping around

Broadcom will most likely look for its next acquisition target after U.S. President Donald Trump blocked its $117 billion bid for Qualcomm on national security grounds, say analysts. Aleksandra Michalska reports.

16-Mar-2018
Sluggish UK to grow a bit faster - Hammo

Britain's sluggish economy looks set for more weak growth stretching over the next five years, but finance minister Philip Hammond, delivering a half-yearly update on the government finances, says the economy will expand by 1.5 percent in 2018, up from a forecast of 1.4 percent in November.  David Pollard reports.

16-Mar-2018
Trump signals Kudlow as front-runner

President Donald Trump said conservative economic commentator Larry Kudlow has a "good chance" of being named his top economic adviser. Fred Katayama reports.

16-Mar-2018
As dieselgate lingers, VW speeds up push

Volkswagen has selected partners to provide battery cells and related technology worth around 20 billion euros for electric-vehicle projects in Europe and China, pushing ahead with a shift to zero-emission cars. Ivor Bennett reports.

16-Mar-2018
Doubts emerge about Aramco's internation

Saudi Arabia is increasingly looking to float oil giant Saudi Aramco only locally as plans for an initial public offering on an international exchange such as London or New York hang in the balance, sources close to the process say.  Sarah Charlton reports

16-Mar-2018
U.S. consumer prices slow

Price increases at the consumer level cooled in February, rising 0.2 percent. As Fred Katayama reports, inflation-focused investors cheered the data.

16-Mar-2018
Alibaba invests $866mn in Beijing-based

New Delhi, Mar 13 (ANI): Ofo, a station-free bike-sharing platform announced capital infusion to the tune of USD 866 million led by Alibaba Group, thus enabling greater operational efficiency of the bike-sharing system. As a precedent of asset mobilisation in the bike-sharing industry, Ofo uses a combination of debt and equity financing for this round. Ofo's service improves the urban transport environment by reducing traffic congestion, saving energy and promoting better living. It is expected that the global number of shared bike users will increase one billion in the next two years. To date, Ofo has operations in over 250 cities across 21 countries alongside widespread usage by over 200 million global users with more than six billion efficient, convenient and green rides, totaling to 32 million rides per day.

16-Mar-2018
ICICI launches instant online overdraft

New Delhi, Mar 13 (ANI): Private banking major ICICI Bank on Tuesday announced the launch of an instant overdraft facility for the Micro, Small and Medium Enterprises (MSME) customers in a completely online and paperless manner. Titled 'InstaOD', this first-of-its-kind offering in the Indian banking industry enables a few lakhs of pre-qualified current account customers of the bank to instantly avail the facility without visiting a branch and submitting physical documents. This facility significantly improves customers' convenience, as they get an overdraft facility upto Rs. 15 lakh for a year anytime, anywhere, using the bank's internet and mobile banking app. The application procedure incorporates an additional level of authentication in order to make the security of the process robust. ICICI Bank will also offer a facility of instant online sanction of overdraft facility to MSME customers of other banks shortly. The overdraft is renewable on an annual basis, depending on the repayment track records of the overdraft facility.

16-Mar-2018
Trade tensions cloud best global growth

The global economy will see its strongest growth in seven years in 2018 thanks to a rebound in trade and investment.  But, as Sonia Legg reports, the OECD's forecast also warned a trade war could threaten the improved outlook.

16-Mar-2018
China to merge regulators in biggest ove

China will merge its giant banking and insurance regulators.  As David Pollard reports, it's one of a number of proposed changes in the biggest ministry shake-up in years.

16-Mar-2018
Trump halts Broadcom takeover of Qualcom

U.S. President Donald Trump blocks microchip maker Broadcom Ltd's proposed takeover of Qualcomm Inc on national security grounds, ending what would have been the technology industry's biggest deal ever amid concerns that it would give China the upper hand in mobile communications.  Ivor Bennett reports.

16-Mar-2018
SBI slashes charges for non-maintenance

New Delhi, Mar 13 (ANI): The State Bank of India (SBI) announced a substantial reduction of charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts, effective April 1. The charges for non-maintenance of AMB for customers in metro and urban centers have been reduced from a maximum of Rs. 50 to Rs.15 per month, excluding Goods and Services Tax (GST). Similarly, for semi-urban and rural centers, the charges have been reduced from Rs. 40 to Rs. 12 and Rs. 10 per month respectively, excluding GST. The bank contains Rs. 41 crores savings bank accounts, out of which 16 crore accounts under the Prime Minister's Jan Dhan Yojna (PMJDY), and Basic Savings Bank Deposit Account (BSBD) and of pensioners/minors/social security benefit holders were already exempted. In addition, students up to the age of 21 years are also exempted.

16-Mar-2018
Tariff worries drag down Dow

A decline in industrial blue chips like Boeing and Caterpillar pulled down the Dow and S&P 500 Monday. Fred Katayama reports.

16-Mar-2018
Dropbox files for IPO

Data-sharing business Dropbox filed for an initial public offering that values the company at $7.1 billion. Aleksandra Michalska reports.

16-Mar-2018
DowDuPont's Andrew Liveris steps down

DowDuPont chief executive Andrew Liveris is retiring as the company prepares to spin off a number of its businesses. Aleksandra Michalska reports.

16-Mar-2018
EU threatens countermeasures to Trump's

EU finance ministers have said they hope to avoid a trade war with the U.S.  But, as Ivor Bennett reports, the European Commission has vowed to prepare retaliatory measures if necessary.

16-Mar-2018
Melrose raises GKN bid to $11.2 bln in f

Melrose Industries increased its hostile offer for GKN  by around 10 percent to 8.1 billion pounds ($11.2 billion), trying to win over investors after the British engineering firm struck a rival deal of its own last week. Sonia Legg reports

16-Mar-2018
Broadcom to redomicile in U.S.

Singapore-based Broadcom plans to move its base back to the U.S. just before Qualcomm holds its delayed annual meeting. As Fred Katayama reports, this comes as its bid to buy its rival chipmaker is under review.

16-Mar-2018
"No deal" Brexit could cost UK, EU compa

Companies in Britain and the European Union face an extra 58 billion pounds ($80 billion) in annual costs if there is a no-deal Brexit, with Britain's vast financial sector set to be the worst-hit industry, according to a report. Ciara Lee reports

16-Mar-2018
German utility Innogy boosted by energy

Innogy sees its stock jump 16 percent in pre-market trade after parent RWE and rival E.ON announce plans to divide up the operations of Germany's largest energy.  Ivor Bennett reports.

16-Mar-2018
World stocks bask in U.S. jobs data glow

World stocks have surged to a two-week high after strong U.S. jobs data at the end of last week helped take the edge of investors' concerns about the potential outbreak of a trade war between the United States and other major economies. Sonia Legg reports.

16-Mar-2018
Ola officially commences operations in S

New Delhi, Mar 12 (ANI): Following a successful launch in Perth, Indian ridesharing platform Ola announced the official launch of its operations in Sydney, and has hired a local team to build partnerships and support driver-partners. Sydney riders can experience the new service at an introductory offer for free rides from today; customers can download the Ola app from the Android or Apple App Store, register for an Ola account and begin booking rides. Rides can also be booked to and from Sydney Airport, for drop off and pick up in the designated ridesharing area.

16-Mar-2018
Saudi Aramco's IPO is likely delayed unt

British officials have reportedly been informed by their Saudi counterparts that oil giant Saudi Aramco's initial public offering is likely to be delayed until 2019. Sarah Charlton reports.

16-Mar-2018
Prada shares soar as China demand spurs

Shares in Prada surged 14 percent on Monday after the Italian luxury goods maker said it had stemmed a slide in sales in the second half of 2017 and expected to see growth continue this year.  Ciara Lee reports.

16-Mar-2018
Trump steel tariffs threaten American st

President Trump's new steel and aluminum tariffs are aimed at protecting U.S. jobs but some workers at a Pennsylvania steel plant could be sent to the unemployment line as a result.  Conway G. Gittens reports.

16-Mar-2018
Goldman CEO Blankfein prepares to exit -

Lloyd Blankfein could step down as Goldman Sachs chief executive as soon as the end of the year, according to the Wall Street Journal. Aleksandra Michalska reports.

16-Mar-2018
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