Paritosh Kapasi

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China Cuts Interest Rates as Economic Growth Slows

People’s Bank of China cuts the benchmark lending and deposit rates by 0.25 percentage point<p>BEIJING—China cut interest rates for the third time in six months amid a worse-than-expected economic slowdown, as authorities scramble to ease the heavy debt burdens of companies and governments.<p>The …

Interest Rates

China Has Become the World's Biggest Crude Oil Importer for the First Time

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Renewable Energy

India's No.2 Offline Retailer, Future Group, Battles Booming Online Rivals

Kishore Biyani, founder & CEO of large Indian retailer Future Group, has a plan. He wants to crush online competition with a carefully thought-out strategy that includes several if-you-can’t-beat-them-join-them moves. Yet he continues to ask, “Who’s afraid of e-commerce?”<p>Biyani who owns several …

Nasdaq is experimenting with the revolutionary technology behind bitcoin

The Wall Street Journal reports that the Nasdaq is experimenting with blockchain technology in a pilot project, a move that could — if successful — transform the financial industry.<p>So what is the blockchain?<p>First of all, bitcoin is a decentralised currency — there is no central bank, no mint …

Oil prices have been soaring—now look for them to plunge again

After falling roughly 60% from July through March, oil prices are now up around 44% from their bottom. The chatter among many investors and industry players is that the worst is over. The only questions remaining, they say, are how high prices will go from here and how soon oil drillers can resume …

Oil