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British inflation hits record low

Last Updated: Tuesday, February 17, 2015, 16:37

Britain`s annual inflation rate slowed to a record low of 0.3 percent in January on the back of plunging oil prices and lower food costs, official data showed Tuesday.

Google tops ten US tech firms in spending $61mn lobbying Washington

Last Updated: Friday, January 24, 2014, 19:24

Google has yet again topped amongst the ten largest US technology companies in collectively spending more than 61 million dollars lobbying Washington in 2013, a report revealed.

Portugal bond auction heralds eurozone turnaround

Last Updated: Friday, January 10, 2014, 00:25

Portugal`s return to the market coincided with similar success for Spain`s first big debt auction of 2014 and came two days after a popular bond sale by Ireland.

Moody's downgrades Qantas to 'junk' status

Last Updated: Thursday, January 9, 2014, 06:07

Moody`s cited "a sharp deterioration in the company`s core domestic business" following the airline issuing a shock profit warning and slashing jobs in December.

GM to hike vehicle prices by up to Rs 10,000 from January

Last Updated: Friday, December 20, 2013, 12:44

General Motors India on Friday said it will hike prices of its entire range of vehicles by up to Rs 10,000 from next month in order to partially offset impact of rising input costs.

Euro zone to share costs of bank closures gradually: Proposal

Last Updated: Sunday, December 15, 2013, 10:41

The proposal, prepared by Lithuania which holds the rotating presidency of the European Union, will be discussed at an extraordinary meeting of senior EU officials on Monday, December 16.

New Delhi most expensive Indian city for expatriates: Survey

Last Updated: Thursday, December 5, 2013, 20:09

New Delhi is India's most expensive city for expatriates but ranks in the 228th place in the global list, according to the findings of the latest 'Cost of Living' survey by ECA International.

Challenges for India Inc to continue in 2014: Moody's

Last Updated: Thursday, December 5, 2013, 15:31

Reflecting macroeconomic challenges over the next 12 months, Moody's expects challenges for Indian non-financial corporates to continue in 2014.

eBay incurs $26 mn in severance, other costs on restructuring

Last Updated: Tuesday, November 19, 2013, 19:50

The US-based company had implemented a global restructuring plan, which included reducing its global workforce by about 600 employees.

Ashok Leyland announces VRS for staff to cut costs

Last Updated: Friday, November 8, 2013, 14:14

Hinduja flagship firm Ashok Leyland on Friday announced a voluntary retirement scheme for its employees as part of plans to cut manpower costs in the wake of continued slowdown.

Asian shares skid to 3-week lows, euro pummelled by ECB rate cut

Last Updated: Friday, November 8, 2013, 09:16

The euro was under the cosh after slipping to seven-week lows of USD1.3295 on Thursday after the ECB cut borrowing costs to a record low of 0.25 percent in response to a sharp drop in inflation.

Saudis bemoan soaring labour costs after migrant exodus

Last Updated: Thursday, November 7, 2013, 23:57

Saudis have begun complaining of surging labour costs following the exodus of a million foreign workers, although economists insist there will be long-term planning benefits from fully regulating the market.