Business

The US lawmakers attacked Facebook's upcoming digital cryptocurrency Libra at a Senate hearing here, calling it "delusional" and "dangerous" and directing the social networking giant to clean up its house first before launching a new business model. David Marcus, Head of Facebook subsidiary Calibra, was grilled at the Senate ...

UN Development Programme Administrator Achim Steiner says that he is "simply in awe" of how India is proceeding on its "fascinating journey" towards meeting its sustainable development goals (SDGs). It was "mind boggling" how India had lifted 271 million people out of poverty ...

U.S. stocks closed lower as investors digested the latest corporate earnings reports and Federal Reserve Chairman Jerome Powell's remarks. The Dow Jones Industrial Average decreased 23.53 points, or 0.09 per cent, to 27,335.63 on Tuesday. The S&P 500 went down 10.26 points, or 0.34 per cent, to ...

Following Christine Lagarde's formal resignation from IMF, the Fund's Executive Board has said it will initiate promptly the process of selecting the next Managing Director. Lagarde on Tuesday announced that she formally submitted her resignation from the IMF position with effect from September 12, 2019, Xinhua reported....

Facebook is not going to launch its digital coin Libra unless regulators are fully satisfied and all necessary approvals are in place. Under Facebook subsidiary Calibra, the social networking giant has planned to introduce a digital wallet for Libra. The wallet will be available on ...

U.S. stocks gained slightly as investors digested a slew of quarterly results and economic data. The Dow Jones Industrial Average rose 27.13 points, or 0.10 per cent, to 27,359.16 on Monday. The S&P 500 eked out 0.53 points, or 0.02 per cent, to 3,014.30. The Nasdaq Composite Index was up 14.04 points, or 0.17 per cent, to...

US President Donald Trump has said that the tariffs imposed by his administration were taking a toll on China's economy, causing the Asian giant's growth rate to slow. "China's 2nd Quarter growth is the slowest it has been in more than 27 years. ...

India's merchandise exports in June declined 9.71 per cent, on a year-on-year basis, to $25.01 billion from $27.70 billion reported for the corresponding month of last year, official data showed on Monday. As per the data furnished by the Ministry of Commerce and Industry, non-...

The Reserve Bank of India on Monday said that it has imposed a penalty of Rs 7 crore on State Bank of India for non-compliance of several norms. "This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered ...