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Inflation-mauled Venezuela to put its currency on free float
13 Feb 2015 4:22 AM ISTVenezuelan officials announced on Tuesday that they will allow a free-floating exchange rate for the country’s battered currency. The socialist South...
Samsung shows potential for smart TVs to eavesdrop
11 Feb 2015 7:01 AM ISTWatch what you say in your living room. Samsung’s smart TV could be listening. And sharing. Voice recognition technology in the South Korean company’s...
Ageing Tiger now cuts sorry figure
6 Feb 2015 4:24 AM ISTPerhaps even more telling was an observation from Padraig Harrington. “Did you ever think you would hear a professional golfer genuinely and sincerely...
2008 crisis: S&P reaches $1.38-bn settlement for its inflated ratings
4 Feb 2015 6:59 AM ISTThe McGraw Hill Financial subsidiary Standard & Poor's Financial Services LLC reached a settlement with the Justice Department over ratings issued...
Alibaba settles dispute with China regulator
2 Feb 2015 5:25 AM ISTE-commerce giant Alibaba has pledged to do more to fight online sales of counterfeit goods, quickly settling a public dispute with a Chinese regulator...
IBM does badly... CEO gets fat pay hike
2 Feb 2015 5:25 AM ISTRometty and other top executives did not take bonuses for 2013, after International Business Machines Corp turned in disappointing results for that...
Meanwhile, Nokia recovers from loss to profit in Oct-Dec
30 Jan 2015 6:37 AM ISTNokia made a net profit of 443 million euros ($502 million) in the fourth quarter and sales grew nearly 10 per cent, but its share price fell on...
China’s Alibaba gets rap from its own Govt
29 Jan 2015 6:32 AM ISTChinese regulators have accused e-commerce giant Alibaba of allowing sales of fake and shoddy goods and other mismanagement in a report that was...
Russia unmoved by US puppet S&P’s downgrade to ‘junk’
28 Jan 2015 5:46 AM ISTAfter a top ratings agency cut Russia’s credit grade to “junk” status, the government in Moscow on Tuesday announced a plan that will see the economy...
Chinese coal output dips after 14 years
25 Jan 2015 5:34 AM ISTChina recorded its first drop in coal production since 2000 last year, as the world’s biggest greenhouse gas emitter pulls back on its use of the...
South Korean Hyundai’s income stutters 22% in Oct-Dec quarter
24 Jan 2015 6:32 AM ISTSouth Korea’s largest automaker said on Thursday its October-December net income dropped 22 per cent from a year earlier to 1.66 trillion won ($1.53...
US McDonald’s Japan special: Meals with teeth and plastic
9 Jan 2015 5:04 AM ISTThe hubbub over objects turning up in the food comes on the heels of a different kind of problem at the popular chain — a lack of fries, stemming from...