Category Archives: WORLD BUSINESS

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Deutsche Bank profit hit by legal costs

Net income for the first three months of the year was €559m, down by a half on a year earlier. Revenue rose by almost a quarter to €10.4bn. The bank…


India under pressure to deliver on ‘Modinomics’ in budget

Indian Prime Minister Narendra Modi’s government unveils its first full budget Saturday under intense pressure to bring about promised reforms to grow India’s economy after winning the biggest mandate in…


Obama vetoes oil pipeline bill

US President Barack Obama has vetoed a bill that would have approved construction of the Keystone XL oil pipeline. The Republican-led Congress sent the bill to the president on Tuesday….


Business leaders to seek remedy from court

The business community will go to court next week, seeking a remedy from the ongoing political impasse that has severely affected day-to-day businesses activities. “We are losing money, losing business,”…


Sony to spin off video and audio units

Sony has said it will spin off its video-and-audio business into a separate company as part of a three-year plan to return to profit. The loss making Japanese electronics giant…


Global dividend income hits new record of $1.167tn

The total dividend income paid to shareholders around the world rose by 11% last year to $1.167 trillion, according to investment firm Henderson Global Investors. The biggest increase in cash…


Japan’s economy exits recession

Japan came out of recession in the fourth quarter of last year, but the world’s third largest economy grew at a slower than expected pace. The economy expanded by an…

Oil tops $60 for first time in 2015

Oil closed up for a second straight week on Friday after another drop in the US rig count, and Brent crude hit a 2015 high above $60 a barrel, but…


IMF agrees $17.5bn plan for Ukraine

The IMF has agreed a $17.5bn (£11.5bn) loan to Ukraine as part of a new economic reform programme. The Extended Fund Facility is designed to stabilise Ukraine’s economy, restore growth…

US India

Delhi, Washington tighten cooperation against illicit money flows

India and the United States vowed on Thursday to step up joint efforts to halt illicit money flows after revelations that Iranian oil export revenues had been siphoned out of…