Business International

Indian IT firms turn to outsourcing

Indian IT firms that thrived on the outsourcing boom in the West are themselves headed offshore, from Malaysia to Mexico, to escape the double sting of surging salaries and a rising rupee.

Biz People

Tough task for Jordan's successor

IN BRIEF (Page 16)

Business International

Japanese shares fall on Abe's resignation

Japanese stocks ended in negative territory yesterday after the shock resignation of Prime Minister Shinzo Abe, with the Nikkei average down 0.5 percent as thin trade and political uncertainty took their toll.

Wheat tops $9 as stock shrinks

Wheat prices surpassed $9 a bushel for the first time as a drought in Australia cut production, pushing global stockpiles toward a 26-year low.

Porsche's auto business takes back seat

Porsche AG's automaking business is taking a back seat to its holding in Volkswagen AG, which Chief Executive Officer Wendelin Wiedeking said on Tuesday he wants to raise "significantly" by exercising options.

DBS Islamic banking wing eyes $1 trillion global market

DBS Group Holdings Ltd's Islamic banking unit plans to expand from its Singapore base into the Persian Gulf this year to target the $1 trillion global market for services that comply with the religion's Shariah law.

Biz people

Jenkins favorite to be bank chief

IN BRIEF (Page 16)

Deloitte to help Oz racing industry

Deloitte Touche Tohmatsu set up a taskforce to help Australia's horseracing industry cope with the equine flu outbreak that prompted the government to cancel races and ban the movement of horses in some states.