US Fed leaves rates unchanged in January meeting

Washington, Feb 2 (IANS) US Federal Reserve on Wednesday left the benchmark interest rates unchanged and offered no hint on when it might move. The central bank painted a relatively upbeat picture for the economy. "Labour market continued to strengthen and... economic activity has continued to expand at a moderate ...

Facebook's net income soars 177% in 2016

Los Angeles, Feb 2 (IANS) Facebook reported net income of $10.2 billion in 2016, up 177 per cent from the previous year's total of $3.7 billion. The online social media giant headed by Mark Zuckerberg, whose businesses include its signature social networking service and apps such as Messenger, Instagram and ...

Nintendo net profits rise to over $900 mn

Tokyo, Jan 31 (IANS) Japanese videogaming giant Nintendo on Tuesday said it made a net profit of 102.96 billion yen ($900 million) from April to December 2016 mainly due to the augmented reality game "Pokemon GO". ...

After Paytm, Alibaba's financial arm enters US with MoneyGram

​Beijing, Jan 27 (IANS) In a bid to expand online payment business in the US after a successful run in India with Paytm, Chinese e-commerce giant Alibaba's digital payments arm Ant Financial has bought global money-transfer service MoneyGram for nearly $880 million. ...

Japan's consumer prices decline first time in four years

​Tokyo, Jan 27 (IANS) Japan's consumer prices dropped for the first time in four years in 2016 by 0.3 per cent from a year earlier, the government said on Friday. It shows the country is still grappling with deflationary pressure despite the Bank of Japan (BOJ)'s numerous monetary easing measures, Xinhua news agency cited the Ministry...

Shares of Japanese auto firms fall after US's TPP exit

​Tokyo, Jan 24 (IANS) Shares of Japanese automobile firms fell at the Tokyo Stock Exchange on Tuesday after the US exited from the Trans Pacific Partnership (TPP) deal, the media reported. ...

China pumps $36 bn liquidity into market via MLF

​Beijing, Jan 24 (IANS) China's central bank on Tuesday announced that it had lent 245.5 billion yuan ($36 billion) to 22 financial institutions through medium-term lending facility (MLF) to keep liquidity basically stable. ...

Samsung Electronics' operating profit increases by 10.7%

​Seoul, Jan 24 (IANS) Samsung Electronics on Tuesday posted an operating profit of 29.2 trillion won ($25 billion) in 2016, up 10.7 per cent from the previous year, despite losses suffered by its mobile division due to the Galaxy Note 7 fiasco. ...

S.Korean currency's volatility to $ hit 6-year high in 2016

​Seoul, Jan 19 (IANS) South Korean currency's volatility to the US dollar hit the highest in six years in 2016 on external uncertainties including the presidential election and the expected rate hike in the US, central bank data showed on Thursday. ...

China to grant easier access for foreign capital

Beijing , Jan 17 (IANS) China on Tuesday announced more measures to attract foreign investment, promising easier access and better environment. Foreign firms will face fewer restrictions when entering service, manufacturing and mining sectors, said a State Council document, according to Xinhua news agency. ...

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