International News - Page 18

Pizza Hut, KFC remain optimistic about India despite sales falling 2% in three months

The parent company, Yum Brands has 714 total units in the country at the end of the second quarter, including KFC, Pizza Hut and Taco Bell restaurants.

What Fox-Time Warner deal could mean for the sports television world

Twenty-First Century Fox's plan to buy Time Warner could create an upheaval in the sports television world, creating the first meaningful challenge to Walt Disney Co's ESPN.

Audacious offer? Fox buying Time Warner could make Rupert Murdoch US media king

Murdoch's proposal, fresh on the heels of his high-profile divorce and a damaging phone-hacking scandal that involved his British tabloids, is aggressively bold

CNN could be worth $5 bn if put up for sale, claims analyst

The valuation comes after Rupert Murdoch's Twenty-First Century Fox Inc said on Wednesday it made an offer to buy Time Warner for about $80 billion.

Nadella shows off Skype translator, will it be a game changer in India?

Skype translator is likely to break the language barriers for people across the globe and thus increase productivity.

Rupert Murdoch to pursue Time Warner after $80 bn buyout offer rejected

Fox first approached Time Warner in early June and delivered a formal takeover proposal later that month, the newspaper reported, citing people familiar with the matter.

After poor show of Galaxy S5, Samsung has a new problem: Apple's new iPhone 6

Samsung Electronics Co Ltd is losing smartphone ground not only to cheaper Chinese rivals but also at the high end to Apple Inc, a survey showed

AirAsia X inks deal to buy 500 units of the Airbus A330neo

Malaysian-based AirAsia X said in a statement late Tuesday that deliveries will take place between 2018 and 2024.

Insider trading case: Rajat Gupta expected to be released from prison in March 2016

India-born former Goldman Sachs director Rajat Gupta is expected to be released from a US prison in March 2016 when his two-year term on insider trading charges will end, according to his prison records.

BRICS bank to be headquartered in China but its first president will be an Indian

The new development bank of the group of BRICS countries will be headquartered in Shanghai, China, with the presidency initially held by India

China's GDP in Q2 beats expectations at 7.5%, raises hopes of recovery

China's economy, the world's second-largest, got off to a weak start this year as unsteady foreign and domestic demand dragged on exports, investment and industrial output.

Warren Buffett donates $2.8 bn, breaks his own giving record

Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth.

BRICS summit: Member nations likely to have equal shareholding in new bank

Indian sources said that there was an understanding that each country would have a shareholding of $10 billion.

BRICS summit: Chinese President Xi says differences should not impede growth

The Fortaleza summit has great significance in advancing BRICS cooperation as it will take stock of past progress and plan for the future.

India, China, South Africa's spat over of BRICS bank HQ could delay launch

The disagreement has also delayed a decision on which of the countries will hold the first 5-year presidency of the bank.

Rajat Gupta fails to persuade federal court to overturn insider trading conviction

Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction.

New Development Bank, BRICS' answer to Western dominance, to be launched next week

The BRICS will pool an initial $50 billion in the bank, with each country contributing an equal amount, and seek to gain international clout by offering developing nations alternative financing to the World Bank and International Monetary Fund, long dominated by the United States and Europe.

Manchester United tops sponsor's league despite miserable football season

United, majority owned by the American Glazer family and listed on the New York Stock Exchange, are determined to ensure that last season was a one-off failure and have replaced manager David Moyes after a short and unhappy tenure.

Brazil bandits rob Samsung smartphones, tablets worth $36 mn

Bandits attacked a Samsung Electronics Co Ltd factory near Sao Paulo late Sunday and held workers hostage while they robbed truckloads of smartphones, tablets and notebook computers that police valued at $36 million.

M&A activity expected to pick-up as SE Asia e-commerce market soars

In Southeast Asia, there is no one company with the number one position in two markets. Therefore the region is ripe for M&A activity and we expect to see market developments in the near future, says Frost & Sullivan.

China's top graft-buster says ruling Communist Party not off limits in probes

The party this week announced that Xu Caihou, who retired as vice chairman of the powerful Central Military Commission last year, had been expelled from the party and will be court-martialled after being accused of corruption.

As iWatch launch nears, Apple poaches senior exec from luxury watch brand Tag Heuer

Tag Heuer, part of luxury goods group LVMH, said on Friday its vice president for sales, Patrick Pruniaux, who had been with the brand for seven years, was leaving on Monday to join Apple. It did not say what his new job would be.

Banks shouldn't offer customers bitcoin accounts: EU banking authority

Bitcoin, the best known of the 200 or so computer-generated currencies, started circulating in 2009, and acceptance has been growing as more merchants allow customers to pay for goods and services in the currency.

Facebook buys LiveRail in bid to boost video ads

Facebook Inc is acquiring video advertising company LiveRail in the Internet social network's latest step to make video ads a bigger part of its business.

Two counts dismissed in Rajaratnam brother's insider trading trial

Rengan Rajaratnam, a former Galleon fund manager, still faces a conspiracy count, after U.S. District Judge Naomi Reice Buchwald at a hearing in Manhattan dismissed other counts related to improper trading in technology company Clearwire Corp.

Google buys music streaming service Songza for $15 mn

Google said on Tuesday it would explore ways to incorporate aspects of Songza into its existing streaming music service over the coming months. For now the four-year-old Songza service, which creates "expert-curated" music playlists intended to match users' activities and tastes, will remain unchanged for existing users.

Dow, S&P end at record highs on uptick in US manufacturing activity

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