Crude oil futures up Rs 49 per barrel on overseas cues

Last Updated: Wednesday, May 13, 2015, 11:48

Crude oil for delivery in May gained Rs 49, or 1.26%, to Rs 3,936 per barrel.

US-based DE Shaw plans $200 million investment in Hyderabad

Last Updated: Friday, May 8, 2015, 19:10

New York-headquartered investment management firm DE Shaw has come forward to invest USD 200 million in Hyderabad, Telangana IT Minister K T Rama Rao, who is currently on a visit to the United States, has said.

New York banking regulator grants first charter to bitcoin company

Last Updated: Friday, May 8, 2015, 00:06

ItBit Trust Company, LLC, a bitcoin exchange, has been granted a charter under New York State’s banking law, becoming the first virtual currency company to receive a charter in the state, according to New York’s Department of Financial Services.

Micro-apartments: A new concept in New York

Last Updated: Wednesday, May 6, 2015, 18:08

New York, a city of exorbitant rents with more and more single residents, is about to get a brand new type of apartment: micro-units, for decades prohibited under zoning regulations.

Bitcoin exchange itBit seeks New York banking licence

Last Updated: Friday, April 24, 2015, 06:05

In a little noticed move, bitcoin exchange itBit has filed for a banking licence in New York, according to the state banking authority.

Deutsche Bank to pay $2.5 bn fine for interest rate-rigging

Last Updated: Friday, April 24, 2015, 01:24

Deutsche Bank has agreed to pay a $2.5-billion fine to settle US and British accusations that more than 20 employees engaged in a "widespread effort" to rig benchmark interest rates for profit between 2005 and 2009, officials said on Thursday.

Hong Kong stocks up 0.56% by break

Last Updated: Thursday, April 23, 2015, 11:11

Hong Kong shares ended the morning session 0.56 percent higher Thursday following a positive lead from Wall Street, while another weak Chinese manufacturing report increased hopes of more stimulus from Beijing.

Shanghai surpasses New York, Hong Kong to become new IPO leader

Last Updated: Sunday, April 12, 2015, 18:51

Shanghai Stock Exchange has become the world leader in Initial Public Offerings for the first time, outshining rivals, New York and Hong Kong during the first quarter after raising 5.4 billion dollars, a report said.

McDonald`s to boost wages for 90,000 US employees

Last Updated: Thursday, April 2, 2015, 05:52

Fast-food giant McDonald`s announced Wednesday that it would increase the wages of 90,000 employees in company-owned restaurants in the United States and offer them paid time-off.

GoDaddy IPO values company at $4.5 billion

Last Updated: Wednesday, April 1, 2015, 09:01

At this price, the IPO would raise $440 million. A GoDaddy spokesman did not immediately respond to a request for comment.

Ford to relaunch Lincoln Continental in US, China

Last Updated: Monday, March 30, 2015, 21:49

The revived Continental has Venetian leather seats and door panels.

Late audits halt trading in Morgan Stanley-backed stocks

Last Updated: Monday, March 30, 2015, 21:13

Two major companies in a prominent USD 1.4 billion Asia investment fund managed by New York banking giant Morgan Stanley unexpectedly told securities regulators they will not file their financial statements on time and froze trading in their stocks, actions generally considered to be cause for concern.