India’s $8b plan to revive state telecom firms

India announced an almost $8 billion plan on Wednesday to help loss-making state telecom providers Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd catch up with private competitors, including a merger of the two companies.
23 October 2019, 18:00 PM

China implementing new rules to make business easier: state planner

China will implement new regulations that aim to make it easier to do business from Jan. 1, 2020, China’s state planner said on Wednesday, amid increasing pressure on the world’s second largest economy.
23 October 2019, 18:00 PM

Baby Powder was safe 13 days before FDA bombshell: Johnson & Johnson CEO

Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the company’s Chief Executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe.
23 October 2019, 18:00 PM

French govt drops 2020 tourism target

The French government has abandoned its goal of welcoming 100 million foreign visitors in 2020, blaming the impacts of months of anti-government protests and Britain’s looming exit from the EU, the finance ministry said Tuesday.
23 October 2019, 18:00 PM

Risk of contagion in India’s financial sector rising: rating agencies

There is rising risk of contagion in India’s banking sector with many finance companies having lost more than half of their equity value in the past year, rating agency Standard & Poor’s said on Wednesday.
23 October 2019, 18:00 PM

Bangladesh close to digital revolution

Bangladesh is on the cusp of digital revolution as both public and private sectors are increasingly embracing informational communication technologies and solutions, said a leading businessman in the sector.
23 October 2019, 18:00 PM

Zuckerberg faces grilling on digital currency plans

Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday.
23 October 2019, 18:00 PM

China offers tariff-free quota for 10m tonnes of US soybean purchases

Beijing on Tuesday offered major Chinese and international soybean processors waivers that would exempt the companies from steep tariffs on imports of up to 10 million tonnes of US soybeans, according to two people briefed on the matter
23 October 2019, 18:00 PM

US existing home sales fall

The short supply of housing in the United States pushed prices up sharply in September, causing sales of existing homes to drop, according to new industry figures released Tuesday.
23 October 2019, 18:00 PM

Japan’s automakers race for super-small electric vehicles

As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese rivals are taking a niche approach and steering towards cheaper, pint-sized runabouts to make costly battery technology more accessible.
23 October 2019, 18:00 PM

India’s $8b plan to revive state telecom firms

India announced an almost $8 billion plan on Wednesday to help loss-making state telecom providers Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd catch up with private competitors, including a merger of the two companies.
23 October 2019, 18:00 PM

Reliance reaps record profit from consumer-facing growth

Indian oil-to-telecoms conglomerate Reliance Industries said strong growth in its consumer-facing businesses lifted second quarter net profit by 18.3 percent year-on-year to a record total.
19 October 2019, 18:00 PM

Fed keeps rate-cut door open

In their last public comments before the Federal Reserve’s next interest-rate decision, US central bankers on Friday left the door open to a further reduction in borrowing costs as they continue to assess how household spending, the main driver of US economic growth, is holding up.
19 October 2019, 18:00 PM

Kashmir apple trade picks up again under shadow of militant attacks

More than 10,000 trucks laden with apples left Indian-ruled Kashmir this week in a sign that the territory is returning to normal, according to officials and government data, after India imposed a clampdown on the region in August.
19 October 2019, 18:00 PM

Ericsson sales rise but earnings hit by corruption provision

Ericsson’s sales were boosted by a 5G takeoff, but it made a net loss as it set aside 12 billion kronor to settle a US corruption investigation.
19 October 2019, 18:00 PM

EU, China, others team up to coordinate ‘green’ investment financing

The European Union, China, India and several other countries teamed up on Friday to coordinate rules and standards for trillions of dollars of private and public “green” investment needed over decades to prevent irreversible climate change.
19 October 2019, 18:00 PM

J&J recalls 33,000 bottles of baby powder

Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online.
19 October 2019, 18:00 PM

China, US make ‘substantial’ trade deal progress: top official

Beijing and Washington have made “substantial progress” towards a partial trade deal, China’s top trade negotiator said Saturday, in his first comments since talks with US president Donald Trump last week.
19 October 2019, 18:00 PM

BOJ could ease monetary policy further: Kuroda

Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank could ease monetary policy further if needed to spur growth, shrugging off views that it has used up ammunition to fight the next economic downturn.
19 October 2019, 18:00 PM

Johnson’s Brexit: a lesser evil for the UK economy?

British Prime Minister Boris Johnson’s Brexit deal, which was welcomed by business with a sigh of relief, could limit the damage of a hard EU departure but still won’t be painless.
19 October 2019, 18:00 PM