A year after cash ban, India's black money market is thriving

When India declared most bank notes unusable a year ago in an effort to flush out tax cheats, one steel manufacturer was so spooked he resolved to do business by the book in future.
8 November 2017, 18:00 PM

Sri Lanka cuts food taxes

Sri Lanka drastically cut import taxes on essential foods Wednesday to curb record high inflation before its annual budget presentation.
8 November 2017, 18:00 PM

Alibaba says profit up 132pc in outstanding quarter

Chinese e-commerce giant Alibaba said on Thursday that its net profit soared 132 percent percent in an "outstanding" latest quarter, prompting it to raise its projection for full-year revenue growth.
2 November 2017, 18:00 PM

Credit Suisse CEO sceptical about Bitcoin bubble

Credit Suisse Chief Executive Tidjane Thiam on Thursday expressed caution about Bitcoin, saying the current interest in the crypto-currency could eventually subside.
2 November 2017, 18:00 PM

Dubai positions self as Africa investment hub

African officials, including four heads of state, convened with international CEOs at a summit Wednesday in Dubai, part of its push to position itself as a link for huge potential investments on the continent.
2 November 2017, 18:00 PM

Pizza Hut sales help Yum Brands beat estimates

Pizza Hut broke a five-quarter streak of declining sales, helping owner Yum Brands Inc report profit and revenue for the third quarter above Wall Street expectations on Thursday.
2 November 2017, 18:00 PM

World food prices fall 1.3pc: FAO

World food prices fell slightly in October from the previous month, as valuations dropped for all food commodities apart from cereals, the United Nations food agency said on Thursday.
2 November 2017, 18:00 PM

Facebook profits leap on booming ad revenue

Facebook on Wednesday reported that profits leapt on booming revenue from online ads in the third quarter, topping investor forecasts and buoying shares already at record highs.
2 November 2017, 18:00 PM

Fujitsu, Lenovo agree to PC merger

Japan's Fujitsu said on Thursday it had agreed to merge its struggling PC business with Lenovo, giving the Chinese computer giant a controlling share of the business.
2 November 2017, 18:00 PM

Cryptocurrencies' total value hits record high

The aggregate value of all cryptocurrencies hit a record high of around $184 billion on Wednesday, according to industry website
1 November 2017, 18:00 PM

TPP talks without US near final stretch ahead of Apec

The 11 remaining nations in the Trans-Pacific Partnership (TPP) without the United States edged towards sealing a comprehensive free
1 November 2017, 18:00 PM

Oil hits highest since mid-2015

Oil rose to its highest since mid-2015 on Wednesday as data showed Opec has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal.
1 November 2017, 18:00 PM

Banks prepare to defend against N Korean cyber threat: experts

Global banks are preparing to defend themselves against North Korea potentially intensifying a years-long hacking spree by seeking to cripple financial networks as Pyongyang weighs the threat of US military action over its nuclear program, cyber security experts said.
1 November 2017, 18:00 PM

Rising expenses take shine off StanChart profit rise

Higher expenses and flat revenues overshadowed better than expected quarterly profit for Standard Chartered on Wednesday, sending shares in the Asia-focused bank more than 5 percent lower.
1 November 2017, 18:00 PM

IMF tells Gulf states to speed up switch from oil

The IMF on Tuesday advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial crisis.
1 November 2017, 18:00 PM

No target will be there to double GDP from 2021: China

China will not set a goal of doubling its gross domestic product starting in 2021 so it can focus more on higher-quality, long-term growth, a senior Communist Party official said, in a break from past practice.
26 October 2017, 18:00 PM

India bank recap bonds unlikely to reflect in fiscal deficit

The Indian government's 2.11 trillion-rupee ($32.53 billion) plan to infuse capital into its banks, bulk of which will be funded via
26 October 2017, 18:00 PM

Spain jobless queue shortens thanks to tourism

Spain's jobless queue shortened once more in the third quarter, official figures showed Thursday, as seasonal work boomed during the country's thriving tourist summer.
26 October 2017, 18:00 PM

EU launches probe into UK tax scheme for multinationals

The EU on Thursday announced a major probe into a British scheme protecting multinationals from tax avoidance rules, in the latest move in the bloc's campaign to get international companies to pay their share.
26 October 2017, 18:00 PM

Oil slips

Oil steadied on Thursday, pressured by an unexpected increase in US crude inventories, high US production and exports, but was supported near multi-month highs by tighter crude markets.
26 October 2017, 18:00 PM