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Chinese yuan weakens to against US dollar (13 minutes ago)
Beijing, May 21 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 89 basis points to 6.3852 against the US dollar on Monday, according to the China Foreign Exchange Trade System.

US temporarily suspends tariffs on Chinese products (Lead) (06:32)
Washington, May 21 (IANS) US Treasury Secretary Steven Mnuchin has said the US was temporarily suspending tariffs on Chinese goods after an agreement was reached to reduce the bilateral trade deficit.

'US, China reach important framework deal on trade' (02:48)
Washington, May 21 (IANS) US Treasury Secretary Steven Mnuchin has said the US and China have reached a deal on a "very important" framework concerning their economic and trade ties, and the two sides have agreed to put a possible trade war on hold.

CSCs in 2.5 lakh digitised villages by end-2018: Prasad (23:22)IANS Photo Service
New Delhi, May 20 (IANS) The network of Common Service Centres (CSCs) is to be expanded to 2.5 lakh gram panchayats by the end of 2018, IT and Electronics Minister Ravi Shankar Prasad said on Sunday.

Pakistan to hold expo on agricultural products in Lahore (21:06)
Islamabad, May 20 (IANS) The agriculture department of Pakistan's Punjab province will hold a two-day Agri Expo 2018 at the Expo Centre in the eastern city of Lahore on June 23.

Congress accuses Modi of using petrol price as political tool, demands cut (20:18)IANS Photo Service
New Delhi, May 20 (IANS) The Congress on Sunday alleged that prices of petroleum products were being used by Prime Minister Narendra Modi "as a tool" to benefit BJP during elections and demanded that the prices should stay at least at the level that prevailed during the Karnataka assembly elections.

Bangladesh plans floating rate bonds (17:30)
Dhaka, May 20 (IANS) Bangladesh has planned to issue floating rate bonds, the first of its kind in the country.

Apple sued over alleged keyboard problem in MacBooks (16:50)
San Francisco, May 20 (IANS) A law firm has filed a class-action lawsuit against Apple alleging that MacBook and MacBook Pro's "butterfly" keyboard design is "prone to fail".

'Benefits will outweigh costs of extended trading in equity derivatives' (14:08)
By Rituraj Baruah and Rohit Vaid
Mumbai, May 20 (IANS) Even as the equity brokers are trying to figure out a way to cope with the longer trading hours on equity derivatives, many feel the benefit of "real-time" alignment with global markets would outweigh infrastructure challenges.

Petrol, diesel in Delhi hit record highs (13:06)IANS Photo Service
New Delhi, May 20 (IANS) State-run Indian Oil Corp on Sunday raised transport fuel to record highs in Delhi on the seventh day of resuming the daily price change system, following a temporary suspension that lasted 20 days.

India's ICT ranking could see big jump if smartphones are taken into account (12:24)
By Faisal Kawoosa
The new draft telecom policy released by the Department of Telecom is a lucid, comprehensive attempt that balances the present hard realities with the aspirations of the future. There is a wide base of population that needs to connect while the already connected want to climb up the technology ladder to stand at par with global advances.

Oil prices, rupee value to influence equity indices (Market Outlook) (12:24)
By Rohit VaidIANS Photo Service
Mumbai, May 20 (IANS) Persistently high global crude oil prices, along with the rupee's movement against the US dollar and the ongoing quarterly results season are expected to drive the trajectory of the key Indian equity indices in the coming week.

Explore British Columbia first if you're a techie from India: Minister (11:46)
By V.S. Chandrasekar
Vancouver, May 20 (IANS) British Columbia, a major global hub for tech companies, is looking to woo more and more global capital and is keen on inviting Indian tech giants and talent into the Canadian province, says a senior minister of the province.

China's Meitu, British Museum launch smartphone for women (11:26)
Beijing, May 20 (IANS) Chinese technology company Meitu and the British Museum have launched a limited edition smartphone specifically for women that comes with Artificial Intelligence (AI) beautification technology.

Few hundred Tripura tribals went to Bangladesh for livelihood, claims CPI-M MP (11:22)
By Sujit ChakrabortyIANS Photo Service
Agartala, May 20 (IANS) In search of livelihood, around 600 tribals of northern Tripura went to Bangladesh as they were unable to survive in the northeastern state in view of the huge crisis on the foods and rural jobs fronts, CPI-M Chief Whip in Lok Sabha Jitendra Chowdhury has said.

We need two quarters to fully take off in India: Chinese smartphone Honor (11:02)
By Manish GuptaIANS Photo Service
London, May 20 (IANS) China's top-selling smartphone Honor, which aims to expand aggressively in India this year, will be ready to take off in the next two quarters, the company's president believes.

Border tourism booms since meeting of two Korean leaders (09:38)
Seoul, May 20 (IANS) Tourism to security-related sights near the border between North and South Korea has boomed since the leaders of the two countries met last month, media reports said on Sunday.

China, US issue joint statement on economic, trade consultations (03:14)
Washington, May 20 (IANS) China and the US have issued a joint statement on economic and trade consultations, vowing not to launch a trade war against each other.

Karnataka politics, oil prices to exert pressure on rupee: Experts (23:28)
Mumbai, May 19 (IANS) The prospects of a non-BJP government in Karnataka, along with persistently high global crude oil prices are expected to further weaken the Indian rupee, say experts.

Congress government protecting sugar mill owners: Akali Dal (22:14)IANS Photo Service
Chandigarh, May 19 (IANS) The Shiromani Akali Dal (SAD) on Saturday said that the Amarinder Singh-led Congress government in Punjab was protecting the owners of a sugar mill, who were close to the ruling dispensation, even after discharge from the mill had left thousands of fish dead and contaminated water in Beas river.

Drugs Controller to come out with vaccine specific regulatory policy (21:30)
Hyderabad, May 19 (IANS) The Drugs Controller General of India plans to come out with vaccine specific regulatory policy and a manual for regulatory requirements for commercialization of new drug and on how to conduct clinical trials in India, it was announced on Saturday.

NYSE listed nVent Electric launches in India (21:02)IANS Photo Service
New Delhi, May 19 (IANS) New York stock exchange listed electrical solutions provider nVent Electric on Saturday announced the launch of its India operations as an independent, publicly traded company.

EESL distributes 30 cr LED bulbs, to save Rs 15,000 cr per year (19:44)IANS Photo Service
New Delhi, May 19 (IANS) Energy Efficiency Services Ltd (EESL) said on Saturday that it has distributed over 30 crore light emitting diode (LED) bulbs across the country under the Unnat Jyoti by Affordable LEDs for All (UJALA) programme.

KMP expressway to be completed in June: Khattar (19:26)IANS Photo Service
Chandigarh, May 19 (IANS) Haryana Chief Minister Manohar Lal Khattar said on Saturday that the Kundli-Manesar-Palwal (KMP) Expressway will be inaugurated soon after the construction work is completed in June.

BOI expects 8-10% business growth this fiscal (19:20)IANS Photo Service
Kolkata, May 19 (IANS) State-run lender Bank of India (BOI) is expecting its business to grow 8-10 per cent in the current fiscal, an official said here on Saturday.

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