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Finance News

News Air India cuts fares

Following a reduction in fare by Jet Airways, Air India has cut fares by 20-46% on select domestic routes for travel up to September 18. It will charge an all-inclusive fare of Rs 2,729 for eight flights from Mumbai to Delhi and seven flights from DeMore »

News BlackRock plans global trading platform

According to an internal BlackRock memo, the asset manager plans to establish a "new world-class global trading platform across the firm." The platform will "fully realize the cost efficiencies and trading opportunities across all asset classes asMore »

News Governments, central banks credited with preventing catastrophe

Most financial industry insiders, scholars and other market observers said that looking back over the past 12 months, central banks and governments deserve most of the credit for averting disaster. Few agree, however, on which of the extraordinaryMore »

News Obama to outline plans for financial sector

President Barack Obama will speak today in New York about the government's plan to unwind its involvement in the financial industry and a push on regulatory changes aimed at preventing future crises. Mr. Obama is seeking support from the finanMore »

News Washington becomes America's most important financial center

As the U.S. government takes on an ever-expanding role as lender and investor for the nation's economy, financial firms find themselves watching Washington much more closely than Wall Street. The world's biggest bond fund, Pimco, used to mMore »

News Credit card companies offer more premium cards

While credit card companies are reducing the number of new offers they make to consumers, they sent out 28% more offers of premium cards to consumers with the best credit records this year. Companies such as MasterCard and Visa are targeting the sMore »

News EU looks at bail-out bank bonuses

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The European Union (EU) will take a look at bonuses at banks that received government bail-outs.

The EU's competition commissioner, Neelie Kroes, said EU governments had been advisiMore »

News Brazil's economy leaves recession

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Brazil has come out of recession after its economy grew in the April-to-June quarter.

The largest economy in Latin America expanded by 1.9% in the second quarter from the previous threeMore »

News Kuwait agrees $2.7bn power deal

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US industrial conglomerate General Electric and South Korea's Hyundai Heavy Industries have signed a $2.7bn (1.6bn) power plant deal with Kuwait.

The partners plan to complete the More »

News China and US in new trade dispute

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China has launched an "anti-dumping and anti-subsidy" probe into imports of some US car products and chicken meat.

The Commerce Ministry said there were concerns the US imports had "dealtMore »




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