With debt burden mounting to GBP 21.7bn, The world's third largest retailer has been forced to offload its overseas ventures gradually.

Sep 10, 2015 03:35 AM EDT

Alerted by increased market volatility, Chinese government is in the process of implementing circuit breakers that would suspend trading in a stock if it moves over five percent either direction. If index falls or gains 10 percent or more, then trading will be halted for the day, according to draft regulation. Shanghai index unexpectedly rose in the last five minutes of trading following the news that major infrastructure projects have been approved.

Sep 10, 2015 03:30 AM EDT

Thousands of Jeep Renegades had been recalled by Fiat Chrysler due to the possible attacks on drivers which can be done remotely. This imposes great danger to the driver's safety, not only meeting an accident but also forcibly getting his car by unsuspecting attackers.

Sep 10, 2015 07:15 AM EDT

Michael Dell said it in a press briefing in Bengaluru, India, that he sees three top PC makers will consolidate in the desktop market in five years. These are Lenovo, HP and Dell.

Sep 09, 2015 06:25 AM EDT

Switzerland-based commodities giant Glencore has taken up several measures to reduct its debt burden to $10bn level. The company has decided to scrap final and interim dividends in addition to selling a part of equity and other assets to raise funds.

Sep 10, 2015 03:01 AM EDT

Shinzo Abe's coming back to power as Prime Minister of Japan for a second term raising many questions about the reforms in the world's third largest economy. Economists predict that Abe would focus on more regulatory reforms in labor market.

Sep 10, 2015 02:49 AM EDT

Goldman Sachs assures investors that the global markets need not worry over the China's economy slowdown, currency devaluation or drop in manufacturing industry output as it's overdone already. China is growing at seven percent and this is enough to create new jobs and support the transition of economy from infrastructure-based to consumer spending based economy.

Sep 10, 2015 11:42 PM EDT

Pfizer’s patent for a new medicine was rejected by India again. This is another setback for the multinational company who has been trying to penetrate the Indian healthcare market.

Sep 09, 2015 03:51 AM EDT

At a time when the corruption scandal is shaking the Brazil, the government is thinking of raising tax rates. On the other hand, Brazil's economy is projected to shrink by two percent for 2015. The budget deficit is alarmingly widening.

Sep 10, 2015 11:35 PM EDT

The latest data from National Bureau of Statistics confirms slowdown in China's economy. The revised GDP growth for 2014 to 7.3 percent from 7.4 percent raises doubts over the government target of seven percent for 2015.

Sep 09, 2015 05:35 AM EDT

The projections on US growth rate for third quarter are likely to be lower following the adverse conditions in emerging ecnomies, expectations of rate hike by US Fed, currency crisis in developing nations.

Sep 07, 2015 11:23 AM EDT

China's economic turmoil poses great risks to the world's economic growth but they are managing to recover from the troubles with the help from other countries and Fed will not yet increase its interest rates.

Sep 07, 2015 04:54 AM EDT