Disney invests $1b in Major League Baseball streaming business

Disney said Tuesday that it has invested $1 billion in the BAMTech video streaming service, Major League Baseball's direct-to-consumer broadcast company, as it positions itself in the fast-changing media industry.
10 August 2016, 18:00 PM

Mahindra & Mahindra first quarter profit rises on higher SUV, truck sales

Mahindra & Mahindra on Wednesday reported a 12.35 percent rise in net profit for the fiscal first quarter, meeting expectations, helped by strong sales of its sport utility vehicles and trucks.
10 August 2016, 18:00 PM

Record profits for Australia's Commonwealth Bank

Australia's biggest lender Common-wealth Bank sounded a cautious note about the country's economic outlook Wednesday even as it posted a record Aus$9.23 billion (US$7.08 billion) in annual profit.
10 August 2016, 18:00 PM

Down but not out: fears ease over China's weaker yuan

A year ago on Thursday Chinese authorities stunned global markets by devaluing their yuan currency, raising fears the world's second-largest economy was worse off than thought -- but investors are now more sanguine about a weaker "redback".
10 August 2016, 18:00 PM

Indian cold pills pour over remote border to fuel Myanmar narcotics boom

Five years ago, when cold pills first trickled across Myanmar's untamed border with India, many local officials were baffled. Where was this medicine going, and why were smugglers so interested in it?
10 August 2016, 18:00 PM

Bank of England Brexit plan challenged by world awash with cheap money

The Bank of England's first rate cut since 2009 looks unlikely to be passed in full to borrowers, despite the BoE being ready to lend banks as much as 100 billion pounds ($130 billion) to ensure it happens.
10 August 2016, 18:00 PM

Global security firm G4S gets grip on overhaul, shares soar

Britain's G4S posted strong results on Wednesday, sending its shares soaring on signs the world's largest security group had bounded back after previous scandals helped by more demand for its services and a shift in focus away from the UK.
10 August 2016, 18:00 PM

Health on Wheels in action

In the summer of 2015, I was very lucky to witness Health on Wheels in action, as well as take part in some of the procedures.
10 August 2016, 18:00 PM

Huawei plans big for handset sales

HUAWEI aims to be a vital player in the smartphone market in Bangladesh within a short time.
10 August 2016, 18:00 PM

Global glut of oil products threatens crude recovery

Gasoline and diesel stockpiles have swollen to record highs across the globe, leaving refiners and traders few places to dump excess supplies and threatening large-scale production cuts that could derail an oil price recovery.
10 August 2016, 18:00 PM

France reports 'alarming' output drop

French industrial production dropped for a second straight month in June, statistics bureau Insee said Wednesday, alarming analysts who had been looking for a modest increase.
10 August 2016, 18:00 PM

India's implementation of CPI target to aid inflation fight: Moody's

India's decision to formally implement its central inflation target of 4 percent can help moderate future price rises and support macroeconomic stability, Moody's Investors Service said on Sunday.
7 August 2016, 18:00 PM

China's July foreign currency reserves fall to $3.20tn

China's foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations.
7 August 2016, 18:00 PM

Chilean salmon industry tries to kick antibiotic habit

Chile's salmon industry, the second-largest in the world, is trying to cut back its heavy use of antibiotics, which pollute the environment and could cause new super-bacteria to emerge.
7 August 2016, 18:00 PM

Vedanta Resources aims to close merger with Cairn India in early 2017

Mining and energy group Vedanta Resources expects to complete its merger with Cairn India early next year, a move that would boost the firm's financial strength, Vedanta's CEO said on Friday.
7 August 2016, 18:00 PM

Ukraine sees solar power as Chernobyl's future

Imagine one of the largest solar farms ever at the site of the world's worst man-made nuclear disaster that struck Chernobyl in modern-day Ukraine and sowed panic across Europe.
7 August 2016, 18:00 PM

Kenya Airways: 'Pride of Africa' tries to stop a long fall

When Kenya Airways published the country's worst-ever corporate results last month, the scale of the loss revealed the effects of several disastrous decisions that the national carrier is struggling to reverse.
7 August 2016, 18:00 PM

Beverley Postma joins HarvestPlus as CEO

HarvestPlus has announced the appointment of Beverley Postma as its new CEO.
7 August 2016, 18:00 PM

Nokia to cut deeper as merger spills red ink

Finnish telecom equipment manufacturer Nokia said Thursday it aims to accelerate savings after costs of absorbing former French-American rival Alcatel-Lucent pushed it into a second-quarter loss.
6 August 2016, 18:00 PM

JPMorgan denies having planned to buy Italy's BMPS

US bank JPMorgan Chase denied Friday that it ever intended to buy troubled Italian rival BMPS, as people close to the alleged deal had reported.
6 August 2016, 18:00 PM