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China says economy improving, capital outflows cooling

China’s economy is showing signs of improvement while capital outflows from the country are moderating, top Chinese officials said on Sunday, seeking to shore up fragile investor confidence after recent market volatility.Chinese leaders have repeatedly tried to reassure jittery financial…

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Lafarge India begins Rs 10,000-cr sell-off

Lafarge India begins its sale process this week after receiving approval from the Competition Commission of India. The French cement giant has appointed Arpwood Capital and Citi as investment bankers to sell the entire India operations, which has an annual…

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Starwood plans to accept Anbang's bid

Starwood Hotels & Resorts Worldwide, owner of brands such as Westin, Sheraton and W, said it plans to accept a $13.2 billion takeover bid by China’s Anbang Insurance Group Co. and gave suitor Marriott International Inc a deadline to make…

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Bullard says Fed's goals largely met, rates should edge up

The U.S. central bank’s inflation and employment goals have essentially been met and it would be “prudent” to edge interest rates higher, St. Louis Fed President James Bullard said on Friday. “Prudent policy suggests edging the policy rate and the…

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Online shopping set to rise 78% this year: study

Online buying is set to witness a boost this year on the back of attractive deals and aggressive marketing with average online purchases expected to increase by 78 per cent in 2016 from 66 per cent in 2015, a study…

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Bullard says Fed's goals largely met, rates should edge up

The U.S. central bank’s inflation and employment goals have essentially been met and it would be “prudent” to edge interest rates higher, St. Louis Fed President James Bullard said on Friday. “Prudent policy suggests edging the policy rate and the…

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