Posts From Julie Young

India’s top software services exporter, Tata Consultancy Services Ltd, posted a record quarterly net profit in the June quarter, driven by robust growth in its Banking, Financial Services and Insurance (BFSI) division. TCS, whose first-quarter profit beat analysts’ expectations, had

The Swiss stock exchange is going to open a cryptocurrency exchange, which it claims will be the first of its kind in the world. The plan, unveiled Friday by the Swiss stock exchange operator SIX, is to build a “fully

A hedge fund billionaire wants Rupert Murdoch to keep Comcast in the running for 21st Century Fox. Sir Christopher Hohn, whose funds control about 7% of Fox (FOXA) shares, disagrees with Murdoch’s view that a Comcast (CMCSA) deal presents a

Saudi Arabia wants OPEC to boost oil supply to keep its customers satisfied. And it thinks other producers will agree. Saudi Energy Minister Khalid Al-Falih said Thursday that OPEC members and other countries who agreed in November 2016 to cut

Citibank on Friday reached a settlement with 42 U.S. states to pay a $ 100 million fine for manipulation of LIBOR, a key measure of global interest rates that impacts trillions of dollars worth of loans worldwide, including consumer products.

BUYING and selling shares in India is not for the faint of heart. Its own central-bank governor reckons equity capital is taxed up to five times. Never fear. There is a well-established alternative. Investors can just as easily buy financial

America’s biggest allies and trade partners are promising to fight back against US tariffs that threaten to spark a global trade war. The European Union, Canada and Mexico said Thursday that they will respond to new US tariffs on steel

Xiaomi Corp. aims to seek formal Hong Kong stock exchange approval on June 7 for an initial public offering that could raise about $ 10 billion, people with knowledge of the matter said. The Beijing-based smartphone maker hopes to price

You’re not imagining things: Prices are creeping up. Americans want to buy more stuff, and businesses are rushing to meet demand. Unemployment is below 4% for the first time in 17 years, wages are slowly inching up, and consumers are

 Piyush Goyal will temporarily take additional charge of the finance ministry until Finance Minister Arun Jaitley recovers after undergoing a kidney transplant, President Ram Nath Kovind said in a statement on Monday. Jaitley, who largely worked from home over the