Money

Jet Airways crisis: Bidders in consortium have to submit individual solvency certificates

Earlier this week the lenders, led by State Bank of India, had invited EoIs offering a minimum 31.2% stake in Jet Airways, setting April 10 as the deadline. I...


Troubled Indian carrier Jet Airways suspends all flights to and from Singapore

When contacted, Jet Airways said its Mumbai-Kolkata, Kolkata-Guwahati and Dehradun-Guwahati via Kolkata were cancelled for Friday due to "operational reasons"...


Ride-hailing giant Uber files for USA initial public offering

Documents released Thursday offered the most detailed view of the world's largest ride-hailing service since its inception a decade ago. The breakdown shows ...


Trump wants Fed to keep interest rate low

Trump called Cain an "outstanding person" last week and said he would do "very well" at the Fed. President Donald Trump "stands behind" Stephen Moore and ...


International Monetary Fund upbeat on China's 2019 growth

Gopinath told a news conference Tuesday that monetary policy space varies across different countries, and for many advanced economies it remains limited. As p...


Venezuela production slump ramps up pressure on Opec

But the group said that the market remained oversupplied and warned of slowing demand growth, according to S&P Global Platts. As a result, the 11 OPEC members...


Donald Trump on Releasing Tax Returns: 'Frankly, the People Don't Care'

Speaking to reporters at the White House, Trump said Americans did not care about the issue and that his returns were being audited by the Internal Revenue Serv...


Wynn Resorts scotches potential takeover of Crown Resorts

But it plunged to A$12.55 in early Sydney trading Wednesday, from A$14.05 at the close on Tuesday, after Wynn said overnight it had "terminated all discussions ...


More families Lion Air victims set to sue Boeing

Cowen aerospace analyst Cai von Rumohr said he now believes Boeing won't be able to make deliveries to U.S. airlines - American, Southwest Airlines and Unit...


Save $20-$30 On Your Next Gas Fill Up

An unfortunate series of events - flooding in the Midwest, the shift to summer blend fuel and refinery fires in California - have all contributed to the spike i...


Tusk suggests Brexit delay of up to year

The hope among Labour MPs is that asking the European Union for a Brexit delay - as the Prime Minister has been compelled to do by the Cooper bill - will avoi...


Debenhams, with stores in Stevenage and Welwyn Garden City, goes into administration

Various business pundits are predicting Debenhams will enter a pre-pack administration later this morning, effectively giving control of the entity to the hedge...


Fiat Chrysler to dodge Carbon dioxide fines - by paying Tesla!

There is no indication of the specific amount that FCA has agreed to pay Tesla . According to the FT, the FCA/Tesla open pool was formed on February 25. Pa...


Amazon founder Jeff Bezos, wife settle $36 billion divorce

Bezos current fortune is down from $150 billion to $114 billion after agreeing to let MacKenzie retain 4% of Amazon's outstanding common stock, yet that sti...


Statistics Canada says economy lost 7,200 jobs in March

Job growth in the US has averaged 180,000 new positions a month so far this year, which is a healthy number but below last year's monthly average of 223,000. Co...


New Ford Kuga SUV Unveiled - Will It Come To India?

The flagship is the Kuga Plug-In Hybrid . Ford is looking to have an EPA-estimated all-electric range of at least 30 miles in its plug-in variant. Ford E...


Brexit: Jeremy Corbyn and Theresa May hold 'constructive' talks

Britain is a member of the WTO so tariffs and other terms governing its trade with the European Union would be set under WTO rules. "The ideal outcome of th...


The customs union is a protectionist racket

The latest development comes after Mrs May has been unable to secure backing from the Commons for her withdrawal agreement with Brussels, even though this move ...


Trump recommends 'good friend' Herman Cain for Fed board

Multiple sources had earlier reported Trump wanted Cain to fill one of two vacancies on the seven-member Fed board. The White House declined comment. Prio...


Trump tells immigrants seeking asylum: 'Our country is full'

Meanwhile on Thursday, Trump backed away from his repeated threat to immediately close the southern USA border with Mexico , but raise a new specter of eventua...


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