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Business News

Enough supply of petroleum for countries to cut oil import from Iran: Trump

Enough supply of petroleum for countries to cut oil import from Iran: Trump

WASHINGTON: President said on Wednesday in a presidential memorandum that he had determined there was sufficient supply of petroleum and petroleum products for countries to “significantly” reduce their purchase of crude oil from Iran, which is going to face US sanctions from November 5. In May, Trump pulled the US […]

Eric Lefkofsky’s Tempus Recently Gained Unicorn Status

Eric Lefkofsky’s Tempus Recently Gained Unicorn Status

The worldwide stock market is essentially a way for businesses to gather money for investments. Public companies list their shares on such stock markets, effectively opening their doors of investment to anybody with money across planet Earth. However, getting a company’s shares listed on stock exchanges costs lots of money paid to […]

Sensex, Nifty turn choppy; erase early gains on profit-booking

Sensex, Nifty turn choppy; erase early gains on profit-booking

MUMBAI: The rose over 100 points Thursday, but turned choppy after investors began booking profits at higher levels. The benchmark indices opened higher led by banking and auto stocks amid sustained buying by domestic institutional investors (DIIs), better-than-expected corporate earnings and positive global cues buoyed sentiment. The 30-share Sensex rallied […]

India, China to undertake joint research on WTO reforms

India, China to undertake joint research on WTO reforms

NEW DELHI: India and China on Thursday agreed to undertake joint research in the areas of WTO reforms, urbanisation and with a view to enhancing economic cooperation between the countries, an official statement said. Both sides also agreed to examine various trade sector related issues, and the need for enhanced […]

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“As a businessman you always have to find a way around”

The business itinerary of Rubén Cherñajovsky is very particular. In 1987 he installed his first plant in Tierra del Fuego to position himself today as the largest group of household appliances in the country, owner of a portfolio of emblematic brands, such as Noblex, Siam, Atma, Sanyo and Philco. “There […]

Honda Operating Profit for Third Quarter Slides on Recalls

Honda Operating Profit for Third Quarter Slides on Recalls

Honda Motor Co posted an operating profit for the third quarter that dropped 22%, which was more than had been expected due to an increase in costs for the massive recall of vehicles worldwide due to air bag problems.