Bringing in some relief to the world markets, top oil exporters Russia and Saudi Arabia agreed on a deal to put a freeze on the levels of output. However the deal is still dicey as it was contingent on other producers joining in – especially Iran, which was absent from the talks. Iran, recently...

Indian online retailer Snapdeal has raised another $200 million or Rs 1,367.6 crore, just seven months after it raised $500 million even as signs emerge of a drying up of funds for Indian startups.   Media reports say that the organizations that invested this time in the Indian company...

After 10 months of heated debate, HSBC's board of directors unanimously decided to keep its headquarters in London. Earlier, Britain's largest bank seriously thought about moving to Hong Kong. After the global crisis of 2008-2009, the reputation of London as a global financial center was severely...

In what is the biggest repurchase ever, Japan’s SoftBank Group Corp. announced it would buy back up to ¥500 billion ($4.4 billion) of shares on Monday. This move helped to bolster a share price beaten down by worries about U.S. mobile subsidiary Sprint Corp.   14.2% of the Japanese...

Even as slumping oil prices cast a shadow on the upcoming years of transition, Royal Dutch Shell sealed the $53 billion (36 billion pounds) acquisition of British rival BG Group. The new company thus formed becomes the world's top liquefied natural gas company.   Shell Chief Executive Ben...

As Boeing Co waits for the U.S. government to approve a delayed order by Kuwait for 28 jets, it is nearing a decision to invest "a significant amount" to keep a F/A-18E/F fighter jet production line in St. Louis running, reports Reuters.   The company would decide in coming weeks whether to...

The Japanese auto supplier has insisted that the propellant in its airbags is safe as the safety crisis surrounding Takata’s airbags that are prone to rupture has mushroomed.   However as long as 16 years ago Takata’s own engineers discarded evidence that may have shown otherwise, testimony...

Despite the fact that there are differences between the two over prices, Japan's NTT Data Corp is in exclusive negotiations to acquire Perot Systems, the information technology consulting division of Dell Inc, reports news agency Reuters quoting sources.   As NTT Data seeks to expand in the...

For the first time in almost 25 years Rollls-Royce has cut its dividend payment to shareholders and has warned of further job cuts to come.     While analysts had expected a 30% reduction, the final dividend payment to investors has been slashed by 50%, to 7.1p a share.   There...