Business


Dollar retreats from 13 1/2-year high, pauses after rally

US Treasury yields, which have risen since Republican Donald Trump won the US presidential election on a platform seen likely to raise US growth and inflation and lead to higher interest rates, fell from 2016 highs hit on Friday. "By then this Trump-inspired market may come to an end for now", said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.


Nigeria's recession worsens as GDP drops in third quarters - NBS Report

Nigeria's recession worsens as GDP drops in third quarters - NBS Report

Crude production fell for the fourth consecutive quarter to 1.63 million barrels per day, from 1.69 million barrels in the three months through June, the statistics office said. President Muhammadu Buhari has been fighting an uphill battle to stabilize the national currency. That was lower by 5.08 per cent points from growth recorded in the corresponding quarter of 2015.


Xi, Obama meet on China-US ties during APEC

Xi, Obama meet on China-US ties during APEC

The annual Apec summit got under way in Lima just over a week after Donald Trump won the U.S. presidential election, casting doubt that the largest-ever US-proposed trade deal, the Trans-Pacific Partnership (TPP), will come to fruition. The world leaders have spent much of Mr. Obama's presidency at odds over a host of issues, and Putin spent the 2016 presidential campaign cheering for Obama's political rival, Donald Trump, who will take the Oval Office on January 20.


Markets snap 6-day losing streak; Sensex still below 26K-mark

Markets snap 6-day losing streak; Sensex still below 26K-mark

Japan's Nikkei also gained 0.04 percent. The benchmark Sensex failed to hold the 26,000-mark in early trade Tuesday. Mumbai: BSE Sensex pared its initial gains to dip below the psychological 26,000-level but was trading higher by about 105 points on buying in metal, energy, IT, teck, oil & gas and auto sectors amid higher Asian cues.


Union: Lufthansa pilots to strike on Wednesday

Union: Lufthansa pilots to strike on Wednesday

Budget airlines Germanwings and Eurowings and other Lufthansa carriers, such as Austrian Airlines, SWISS and Brussels Airlines, are not affected, Lufthansa said. On Tuesday, Eurowings flights to and from Dusseldorf and Hamburg were canceled due to strikes called by the flights attendants' union Ver.di, according to the Lufthansa unit's website.


Demonetisation: IT Notices To Those Depositing Huge Cash

Demonetisation: IT Notices To Those Depositing Huge Cash

Cautioning Jan Dhan account holders, housewives, artisans and others against allowing parking of black money in their bank accounts during the 50-day window till December 30, the Government on Friday said that the person letting his or her account to be misused is also liable for prosecution under the I-T Act.