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Telefonica Denies Report of $93 Billion Offer From AT&T 17 Jun 2013 | 06:27 pm
Telefonica said on Monday it had not received any indication of interest from AT&T , following a Spanish newspaper report that the government had halted a 70 billion-euro ($93 billion) offer from the ...
Google tests balloons to beam internet from near space 17 Jun 2013 | 06:20 pm
Google is launching balloons into near space to provide internet access to buildings below on the ground. About 30 of the superpressure balloons are being launched from New Zealand from where they wil...
RBI to clarify new banking licence queries 1 Jun 2013 | 11:17 am
Reserve Bank of India (RBI) will issue clarifications on Monday, June 3 against queries sent by different external parties in respect of new private banking licence. Earlier, RBI had issued guidelines...
Europe Looks Sure to Gut Financial Transaction Tax 1 Jun 2013 | 11:11 am
European countries planning a tax on financial transactions are set to drastically scale back the levy, cutting the charge by as much as 90 percent and delaying its full rollout for years, in what wou...
US house prices in biggest rise for nearly seven years 1 Jun 2013 | 10:53 am
US house prices in March were up 10.9% from a year earlier, the biggest rise in nearly seven years, according to a closely-watched survey. The S&P/Case-Shiller index also said all 20 US cities measure...
ECB’s Draghi ‘ready to act if needed’ 4 May 2013 | 01:15 pm
European Central Bank (ECB) said it was “ready to act if needed”, should more be required to boost the eurozone’s economic health. The bank also lowered its benchmark interest rate to 0.50% from 0.75%...
India cuts interest rates for third time this year 4 May 2013 | 01:11 pm
India has cut interest rates for the third time this year in an attempt to revive growth in its sluggish economy. The Reserve Bank of India (RBI) lowered its key rate to 7.25% from 7.5%. India’s growt...
BMW profits fall on tougher European markets 4 May 2013 | 01:09 pm
BMW saw profits fall in the first quarter of 2013 after the carmaker suffered tougher trading in Europe. Net profits at the German company fell 3% to 1.31bn euros ($1.7bn; £1.1bn) on revenues down 4.1...
Alibaba buys stake in China’s Twitter-type Weibo 4 May 2013 | 01:06 pm
Alibaba, China’s biggest e-commerce group, has bought an 18% stake in Weibo, China’s largest Twitter-like service, as it looks to tap into the fast-growing social media sector. Alibaba will pay $586m ...
Indian Court refuses relief to UB Holdings 2 Apr 2013 | 10:25 pm
Giving no respite to Vijay Mallya-owned United Breweries Holdings, the holding company of United Spirits Ltd (USL), the Bombay High Court has rejected a petition filed by USL for a three-week stay on ...
