Business

USA is India's best friend: Biden

Swaraj said India offers big opportunities and asked American companies for a massive investment in the country. And all of you here and to many of our very, very capable - beyond capable - globally recognized, extraordinary CEOs who are here of major companies, and so many of you who are forging this relationship, we thank you.

Business

AB InBev close to sealing SABMiller takeover financing

Previously, after AB InBev's purchase of Grupo Modelo (GM), it pacified the regulators by selling GM's American beer business for $4.75bn. The stock had a trading volume of 1,360,089 shares. SABMiller is the second largest brewing company in the world and one of the world's largest bottlers of Coca-Cola drinks. In the USA, SAB has a 58pc stake in the MillerCoors operation, whose chief brand is Coors Light with a 30 per cent share of the United Statesbeer market.

Business

Banks and merchants prepare for shift to chip-embedded cards

EMV technology adds more support to traditional cards which, for several years, have a lot of issues tied to data breaches and card fraud. After picking out a celebratory bottle of wine for a housewarming recently, the cashier took my debit card and, rather than swiping it, inserted the small chip on the face of the card into the terminal.

Business

Price of life-saving drug increases from $13 to $750 overnight

And what has been the response of Martin Shkreli , the founder and CEO of Turing ? New cancer drugs now cost over $100,000 a year. The reasons behind increasing generic drug prices are not related to research or development costs, as new drugs would be; instead, experts say it's more about economics.

Business

Get ready for the financial crisis, part 3

Global markets have recoiled after the Fed opted on Thursday to hold rates steady, saying it would like to see further improvements in U.S. labour markets and inflation and stressing that the global economic outlook appeared less certain. A pedestrian taking shelter from rain walks past an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo, Japan, September 4, 2015.

Business

US oil sector downturn lifts crude oil prices

Recently, there's been a drop in the nearly s much as it used to", said David Thompson at Powerhouse, a commodities broker in Washington specializing in energy. Exports of refined oil products have grown along with the nation's production. The EIA reduced its forecast of crude oil prices for both short and medium-term to an average of 49 per barrel throughout 2015, and nearly 4 in 2016.