FRANKFURT: The European Central Bank delved deep into its remaining arsenal of stimulus options on Thursday, cutting all three of its interest rates and expanding asset-buying to boost the economy and prevent ultra-low inflation becoming entrenched. In moves that initially pushed the euro 1 per cent down against the dollar ... Read More »
The head of Volkswagen in the US resigned “effective immediately” on Wednesday night as the company struggles to agree on a settlement with the US government over its emissions cheating scandal. Michael Horn, who had served as VW’s US president and chief executive since 2014, was not quoted in the ... Read More »
Domestic passenger car sales declined 4.21 per cent to 1,64,469 units in February, from 1,71,703 units in the same month last year. Motorcycle sales last month jumped 11.05 per cent to 8,59,624 units, from 7,74,122 a year earlier, according to the data released by the Society of Indian Automobile Manufacturers ... Read More »
No 10 has conceded that its plans to relax Sunday trading laws are dead in the water, after David Cameron suffered his biggest Commons defeat since the election at the hands of his own Conservative MPs. The government’s attempt to let larger shops trade for longer than six hours each ... Read More »
Snapping the six-session long gaining spree, the S&P BSE Sensex was trading over 150 points lower, while broader CNX Nifty was ruling below its key 7,450-mark. The headline indices traded flat even as Asian stocks edged up after New Zealand surprised markets with a rate cut, keeping investors primed for ... Read More »
