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NEW YORK: Apple Inc said on Tuesday that retail chief Angela Ahrendts will leave the company in April after five years on the job, the third departure of a retail head brought in from outside the company.
BENGALURU: Foreigners were net buyers of Asian shares in January, data from seven exchanges showed, on hopes the U.S. Federal Reserve would go slow with its monetary tightening measures this year and the trade talks would unwind some tariffs, bolstering world trade.
MUMBAI: India's central bank on Thursday unexpectedly lowered interest rates and, as anticipated, shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy after a sharp fall in the inflation rate.
SYDNEY: Andrew Thorburn has resigned as chief executive officer of National Australia Bank Ltd (NAB), just days after the financial industry misconduct inquiry questioned whether he was capable of leading the lender’s response to a series of scandals.
THE world is flushed with debt – right now nearly US$250 trillion, up 8% from a year ago. This level, according to the Institute of International Finance (IIF), is three times what it was two decades ago and relative to GDP, global debt exceeded 318%.
DUBAI: Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said, and she cautioned against spending money on ”white elephant projects”.
Failure of talks increases likelihood of another government shutdown on Friday