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Volkswagen US sales plummet after emissions scandal
Chicago, Dec 2: Volkswagen US announced lackluster sales figures, showing a large drop, during the month of November.
Volkswagen sold fewer than 24,000 cars in the month of November, posting a drop of 24.7 percent, Xinhua quoted the…
Road agreement with Myanmar, Thailand soon: Gadkari
Kolkata, Dec 2: Union Road Transport Minister Nitin Gadkari on Wednesday said the central government was working towards inking an agreement with Myanmar and Thailand for seamless flow of traffic across the region.
Addressing…
Indian markets in the red; Sensex trades 55 points down
Mumbai, Dec 2: Negative macro economic data coupled with a bearish outlook by the Reserve Bank of India and impending US rate hike triggered a sell-off in the Indian equity markets during the mid-afternoon trade session on Wednesday.…
Cuba reinstates travel curbs on Medical Professionals
Havana, Dec 2: Cuba has reinstated travel restrictions on medical professionals in a bid to avoid a medical brain drain, the media reported.
As from December 7, Cuban medical professionals are required to apply for a permit from the…
Tata Sons, Industrial and Commercial Bank of China join hands
New Delhi, Dec 2: Tata Sons and Industrial and Commercial Bank of China (ICBC) have formed a long-term partnership, under which ICBC will become a strategic banking partner to the Tata Group, an official statement said here on Wednesday.…
Chinese stocks close mixed
Beijing, Dec 2: China's stocks closed mixed on Wednesday, with the benchmark Shanghai Composite Index up 2.33 percent to close at 3,536.91 points.
The smaller Shenzhen index gained 0.87 percent to close at 12,186.27 points, Xinhua…
US manufacturing contracts to lowest level since 2009
Washington, Dec 2: The US manufacturing Index in November contracted to the lowest level since June 2009 when the economy was caught up in the worst financial crisis in decades.
The manufacturing index, also known as the purchasing…
Facebook CEO pledges to give away 99 percent of Company Shares
San Francisco, Dec 2: Facebook Inc. co-founder and chief executive officer Mark Zuckerberg said on Tuesday he and his wife would give 99 percent of their Facebook shares to charitable purposes, Xinhua reported.
Proceeds of the holdings…
Key Indian equity indices open tad higher, trade flat
Mumbai, Dec 2: Key Indian stock market indices opened marginally higher on Wednesday but the outlook was cautious on the back of weak global macroeconomic data, notably the contraction in US manufacturing sector to its weakest level since…
China’s Yuan becomes Fifth IMF Reserve Currency
Beijing, Dec 1: The IMF has decided to include the Chinese currency yuan in its Special Drawing Rights (SDR) basket that will make it the fifth reserve currency after the US dollar, Euro, British pound sterling and Japanese yen.
During a…