Tag Archives: raise

Huawei Plans to Raise Prices of Phones Available Online Over Customs Duty Increase

Days after the government announced a 10 percent basic customs duty (BCD) on smartphone manufacturers as the Goods and Services Tax (GST) came into practice, Chinese smartphone manufacturer Huawei has said it will marginally hike prices of its smartphones available online. Speaking to IANS on the sidelines of the launch of Honor 8 Pro smartphone, Allen Wang, Director, Product Center, Huawei India Consumer Business… Read More »

Fed set to raise interest rates, give more detail on balance sheet winddown

The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery. The central bank is scheduled to release its decision at 2 p.m EDT (1800 GMT)… Read More »

Peugeot-Vauxhall: UK and Germany raise concerns on deal talks

The UK and German governments are seeking to safeguard jobs in the potential merger of the Vauxhall and Peugeot carmakers. Ministers have raised concerns after PSA Group, maker of Peugeot cars, said it was in talks to buy General Motors’ loss-making European business Opel. Opel has thousands of workers at its plants in Germany and UK arm Vauxhall.… Read More »

Monte dei Paschi races to raise €5bn cash by end of year

Italy’s Monte dei Paschi bank has said it will try to raise €5bn (£4bn; $5.3bn) from investors by year end as it races to avoid a state rescue. In a statement, the world’s oldest bank said it would stick to the recovery plan it outlined on 25 October, which includes issuing new shares. The bank had sought a… Read More »

Telecoms rivals raise alarm on new network for emergency services

It is not often that Britain is truly in the vanguard of shifts in technology in the 21st century. Business and consumers seeking the shape of things to come have grown accustomed to looking west to Silicon Valley or east to South Korea and Japan. If everything goes according to plan, however, there will be no such indignity… Read More »

Telecoms rivals raise alarm on new network for emergency services

It is not often that Britain is truly in the vanguard of shifts in technology in the 21st century. Business and consumers seeking the shape of things to come have grown accustomed to looking west to Silicon Valley or east to South Korea and Japan. If everything goes according to plan, however, there will be no such indignity… Read More »

No rush to raise interest rates, says Fed official

There is no rush to raise interest rates, a Federal Reserve board member has said a week before the US central bank announces its latest decision. Economic weakness “counsels prudence”, said Lael Brainard, a member of the Fed’s Open Market Committee, which decides interest rates. Her comments come after several Fed officials recently suggested a rate rise this… Read More »

Leaked documents raise questions over role played by new Fifa president in TV rights deal

NEW FIFA president Gianni Infantino reportedly signed off on a contract with two businessmen who have since been accused of bribery, leaked documents reveal. Hugo and Mariano Jinkis bought TV rights for Uefa Champions League football and immediately sold them on for almost three times the price, reports the BBC. According to records, Uefa concluded offshore deals with… Read More »