Mobile Money Transfer service in India is what Bharti Airtel and Western Union are eyeing. This will allow people to send money to India using mobile phone, though it is still to be approved by regulatory committee.
Gopal Vittal, director marketing...
To take advantage of the emerging Islamic finance products market, Hong Kong will launch the Hang Seng Islamic China Fund. The Securities and Future Commission, the local regulator gave its approval for the new Islamic fund that will be run by Hang...
China on Monday joined a group of policy makers in expressing concern over a weakening dollar - the world's main reserve currency.
Wen Jiabao, the Chinese premier, told a business audience in Singapore that it was becoming difficult to manage...
The Asian markets and its economy that seem to be charging forward today with lightening speed, will soon be reportedly, threatened by an unlikely enemy.
The CHANGING CLIMATE is likely to reverse the current trend of rising success. Adverse climatic...
Despite differences on a number of issues, OPEC members are united over increasing oil prices, which could touch $200 per barrel. Inaugurating the OPEC summit in Riyadh, the Venezuelan President Hugo Chavez gave a chilling warning to the global...
Is the world's totemic currency fast loosing its hegemony? That the dollar is fast loosing its glitter has come forward in a recent online poll by the Wall Street Journal asking people which currency they would prefer to be paid in. The euro came on...
To protect borrowers of home loans from abusive banking industry the US House of Representatives passed a bill ensuring the rights of borrowers on Thursday evening. The bill, which was passed by a 291-127 vote, garnered 64 votes from the Republicans...
Bank of America Corporation will take a $3 billion debt-related write-down in the fourth quarter. A write-down means reducing the book value of an asset, because it is overvalued compared to the market value. This is usually reflected in the...
Wal-Mart has benefited from the credit markets in time of economic tension, but it caused a severe blow for the biggest home improvement chain, Home Depot. Wal-Mart Stores, Inc. is an American public corporation, currently the world's largest public...
The Bank of Japan kept interest rates on hold in the face of market turmoil that has sent both stocks and the dollar sliding. Being a central bank BOJ, is an entity responsible for the monetary policy of Japan. Its primary responsibility is to...
The European Central Bank holds displeasure with the euro's rushed rise against the dollar. The bank's president, Jean-Claude Trichet said,
In the recent period I have observed moves that I would say were undoubtedly sharp and abrupt. And I said...
415 billionaires is what the US has. This is by the last count of Forbes magazine. Who's No. 2 you may ask? China.
A year ago, there were 15 billionaires in China. Now, there are more than 100, according to the widely watched Hurun Report. Forbes has...
With oil futures nearing $97 a barrel, the price of home heating oil is rising this winter, following record gas prices. A fuel service made a residential delivery in Guilderland, N.Y.
But this year, high oil prices are upsetting that seasonal rhythm....
One of three operating units of Verizon Communications Inc, Verizon Business delivers advanced IP, data, voice and wireless solutions and is globally recognised as a telecom giant. With over 32,000 employees and 321 offices in 75 countries across six...
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