BENGALURU: Shares of Wipro dropped to a three-month low and weighed on other Indian IT companies on Thursday after the country’s fourth-largest IT services provider forecast the slide in IT services revenue would get worse this quarter. Shares of Wipro, which also posted an unexpected drop in revenue in the […]
Business
JAKARTA : Indonesia will seek China’s help for renewable energy and infrastructure projects when President Joko Widodo attends the upcoming Belt and Road Forum in Beijing, a cabinet minister said. Any partnership with China would be parallel with the Just Energy Transition Partnership (JETP) – a $20 billion deal Indonesia […]
SINGAPORE : The dollar was on the front foot on Monday in cautious trade as tensions in the Middle East escalated, while investors awaited a speech by Federal Reserve Chair Jerome Powell later this week for further clues on the U.S. central bank’s rate outlook. The Israeli shekel fell to […]
KUALA LUMPUR : DRB Hicom said on Wednesday it has signed an agreement with Chinese car maker Zhejiang Geely Holding Group Co Ltd for the development of an automotive hub in Malaysia. This comes after Malaysian Prime Minister Anwar Ibrahim said in July that Geely will invest $10 billion to […]
MOSCOW: Russia today indicated it was moving swiftly towards revoking its ratification of the Comprehensive Nuclear Test Ban Treaty after President Vladimir Putin held out the possibility of resuming nuclear testing. Putin yesterday said Russia’s nuclear doctrine — which sets out the conditions under which he would press the nuclear […]
TAIPEI: Taiwan’s government has opened an investigation into four companies named in a media report as conducting business with firms linked to United States-sanctioned Huawei in China, and is considering tighter rules on key technologies. Taiwan Economy Minister Wang Mei-hua said the ministry would be looking into whether the firms’ […]
British media regulator Ofcom on Thursday asked the country’s antitrust regulator to investigate U.S. tech giants Amazon and Microsoft’s dominance of the UK cloud market. Ofcom said its study identified features that make it more difficult for UK businesses to switch to, and use multiple cloud suppliers. “The CMA (Competition […]
SINGAPORE : China’s international trade council has formally asked the United States to “carefully consider” rules that ban or restrict U.S. investments in China’s tech sector, state television reported on Friday. U.S. President Joe Biden signed the executive order last month which prohibits or restricts investments in Chinese entities involved […]
NEW YORK: A key selling point of Donald Trump’s 2016 presidential run was that he was a businessman, not a politician. But his corporate empire, which served as proof to many voters of his economic credibility, is now in jeopardy after a judge ruled on Tuesday (Sep 26) that the […]
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 32 cents, or 0.3 per cent, to $93.59 a barrel by 0434 GMT […]