Business

San Francisco: Microsoft plans to cut "thousands" of jobs, with a majority of them outside the United States, a person familiar with the matter...

Tokyo: Embattled Japanese conglomerate Toshiba used shares in its divested flash memory unit to secure a credit of 680 billion yen ($6 billion) from major...

Seoul: South Korea's LG Electronics estimated that its second-quarter operating profit rose 14 per cent from a year ago, but fell short of expectations...

Seoul: Samsung Electronics on Friday said its second-quarter operating profit likely rose 72 per cent from a year earlier to a new record, beating analyst...

Hamburg: Efforts will be made to complete the quota reforms at the International Monetary Fund (IMF) by 2019, the G20 nations said on Saturday as they...

Jakarta: Indonesian state firms are courting foreign pension funds by offering a share in future revenue from toll roads, power stations and other...

Goa: In 28 years in India's pharmaceuticals sector, Rajiv Desai has never been busier. Most of the last six months on his desk calendar is marked green,...

New Delhi: India is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the...

Muscat: Investment Service Centre creation by the Ministry of Commerce and Industry (MoCI) will facilitate procedures for investors, maximise...

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of congratulations to Salva Kiir Mayardit, President of the Republic of South Sudan on the...