World Business

Markets, oil drop in Asia but bitcoin edges towards $50,000

byCT Report

12/02/2021

Asia markets slip as dealers take breath in holiday-thinned trade

11/02/2021

Asian markets push higher as traders focus on recovery outlook

10/02/2021

Asian markets track Wall St records on reopening hopes

09/02/2021

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World Business

A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.

UK’s SSE to cut gas tariffs by 4.1% from April 30

LONDON: British utility SSE (SSE.L) has decided to reduce household gas prices by 4.1 percent on April 30 and extend...

Experts believe Obama, Modi brought fresh vigour to India-US ties

New York: The visit of US President Barack Obama to India is a powerful symbol of the new energy that...

1st new party in 40 yrs: Greece’s new leader to form anti-austerity govt

ATHENS: After winning general elections, Greek left-wing leader Alexis Tsipras is going to form government that can take on international...

In 2014, Indian firms strike 38 deals worth over USD 1.1b in US

New Delhi: Indian firms struck 38 pacts worth over USD 1.1 billion in the US in 2014 after a lull...

Taiwan’s Asia Pacific Telecom suffers NT$10.207b pre-tax loss in 2014

TAIPEI: Asia Pacific Telecom (APT), a CDMA 2000 and a 4G operator in Taiwan, suffered pre-tax losses of NT$10.207 billion...

Coal auction to generate over $100b for states: Coal Minister

Davos: Coal and Power Minister Piyush Goyal asserted that investors have no concern about ordinance route being adopted for coal...

South Africa exports 200MW electricity to Namibia

CAPE TOWN: Namibian power utility NamPower is currently exporting electricity to its South African counterpart Eskom, which is struggling to...

United Spirits Ltd posts 21.58pc hike in net profit from Rs 64.82 crore New Delhi: United Spirits Ltd posted 21.58 percent increase in net profit at Rs 78.81 crore for the third quarter ended December 31. It had posted a net profit of Rs 64.82 crore for the same period of previous fiscal. The company said, “During the quarter, the strategic end of the portfolio comprising the Prestige and Above brands at 9.4 million out of an overall volume of 30.9 million represents a 30 percent saliance of the category to the total.” USL markets various liquor brands including Signature, Bagpiper, Antiquity, Royal Challenge in the country. The firm’s net sales rose to Rs 2,287.89 crore for the third quarter as compared to Rs 2,238.06 crore during the same period of previous fiscal, United Spirits Ltd (USL) said in a filing to the BSE.

byShazad Ahmed

1.3m Aussie households using green energy: Solar panels have to be moved to catch proper sunlight

SYDNEY: The direction of millions of solar panels installed in Australian houses without proper planning will have to be changed...

50% down to under $50/barrel since June 2014: Falling prices dangerous for UK oil industry

LONDON: Britain’s North Sea oilfields are facing survival war as oil prices falling and aging equipment making extraction ever more...

Qatar, Saudi Arab, Iraq losses to reach $300b due to decline in oil exports

DOHA: Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central...

Qatar exports shrink by 10.7% in 2014

DOHA: India appeared to be the fastest export earner for Qatar, while other major Asian trading partners imported less from...

Dilma rejects correction of 6.5% in IR table, plans to edit MP with adjustment of 4.5%

BRASILIA: Dilma Vana Rousseff, President rejected the correction of 6.5 per cent over the table of Income Tax for individuals in...

ECB’s QE plan squeezing margins, plans to spend $1.2 trillion on solutions

FRANKFURT: The World Economic Forum’s (WEF) bank executives said the European Central Bank’s (ECB) plan to spend at least 1.1...

Greenland firm ready to begin ice exports

NUUK: It has taken a year, but Arctic Ice Cap Water has figured out how it can turn the ice...

China’s real estate loans witness rapid growth, reach $926b

BEIJING: Real estate sector loans saw rapid growth in 2014, especially lending for affordable housing developments, the central bank said....

Shares rise by 0.58% to Rs17.29 on announcement: India’s Suzlon sells German unit to raise $1.17b

MUMBAI: In a bid to cut growing debt levels, India’s wind energy giant Suzlon is going to sell its German...

Profit rises to $936m: eBay to slash 2,400 jobs

NEW YORK: The California-based E-commerce giant, eBay, will slash 2,400 jobs - seven percent of its workforce - in the...

Libya oil productin falls as tribes fight in south

TRIPOLI: A ramshackle desert hub hundreds of miles from Libya’s populous cities on the Mediterranean coast, was once a favored...

$2.7b in cash, 44 million shares: Royal Bank Canada to buy City National of US for $5.4b