16 Oct 2014
New York: Wal-Mart Stores Inc. is scaling back its growth in US stores next year, while investing more in e-commerce.
13 Oct 2014
Washington: RBI Governor Raghuram Rajan has said there would be some volatility in emerging markets once US Federal Reserve decided to raise interest rates, but India is well prepared to deal with market volatility.
11 Oct 2014
Washington: Discount retailer Kmart said a data breach of its systems had compromised some customers' debit and credit card numbers, in the latest cybersecurity attack against a major US store.
04 Oct 2014
Washington: The unemployment rate in US has dropped to 5.9 percent, the lowest since July 2008, with as many as 248,000 new jobs added in the last month, latest official statistics said. According to Bureau of Labor Statistics, the unemployment rate declined by 0.2 percentage point to 5.9 percent in September. The number of unemployed persons decreased by 329,000 to 9.3 million.
10 Oct 2014
Washington: Frustrated with US Congress's refusal to vote through crucial reforms at the International Monetary Fund, IMF chief Christine Lagarde has promised a show if they do a belly dance.
03 Oct 2014
Singapore: The cost of oil rose in Asia on Friday ahead of the latest US jobs report and after hitting multi-month lows a day earlier in response to key exporter Saudi Arabia cutting prices.
11 Oct 2014
Mumbai: Continuing their downward trend for the fifth consecutive week, India's foreign exchange reserves plunged by $2.754 billion to $311.427 billion in the week to October 3, led by a major fall in non-US currency assets, data from the Reserve Bank of India showed.
01 Oct 2014
Washington: Asserting that India is on the move to becoming a country with a business-friendly environment, Prime Minister Narendra Modi has exhorted top US corporates to establish and expand their base in India before it is too late.
06 Oct 2014
Hong Kong: Crude prices slipped on Monday to multi-year lows owing to a build-up in supplies while the dollar rallied in response to a strong US jobs report, as analysts warned of further losses.
04 Oct 2014
New Delhi: Prime Minister Narendra Modi's "extremely successful" US visit, especially his meeting with top business leaders there, has seen a US-India business body committing to $42 billion investment in India with many lauding the "Gujarat model" of development.