Japan's economy sees output exceed capacity the most in 9yrs

Japan's economy saw output exceed full capacity by the most in nine years in the April-June quarter, a Bank of Japan estimate showed, a positive sign for the central bank as it seeks to accelerate inflation to its elusive 2 percent target.
4 October 2017, 18:00 PM

Bank of England talking up sterling to fight inflation: S&P

Ratings agency Standard & Poor's said it was “a bit skeptical” that Britain's economy needed an interest rate increase soon and comments from the Bank of England that a hike might be nearing seemed designed to push up sterling and cool inflation.
4 October 2017, 18:00 PM

RBI keeps repo rate unchanged but frees up more liquidity

The Reserve Bank of India (RBI) kept its policy rate steady at a near seven-year low of 6 percent on Wednesday despite a sharp slowdown in economic growth, after a surge in inflation that threatened the central bank's target.
4 October 2017, 18:00 PM

Reliance Industries makes first purchase of US crude

Reliance Industries Ltd has purchased crude oil cargoes from the United States for the first time, drawn by the lower price for US oil versus global benchmarks, three trade sources said on Tuesday.
3 October 2017, 18:00 PM

Tesla deliveries rise in Q3

Luxury electric vehicle maker Tesla Inc said on Monday its deliveries rose 4.5 percent in the third quarter from the prior-year period, but said “production bottlenecks” had left the company behind its planned ramp-up for the new Model 3 mass-market sedan.
3 October 2017, 18:00 PM

Bank of England sees Brexit risks to EU bank lending in UK

Brexit poses risks to the ability of British companies to borrow from European banks and to some clearing activity which might have to relocate from London once Britain leaves the EU, the Bank of England said on Tuesday.
3 October 2017, 18:00 PM

Dollar U-turn could call time on 2017's emerging market boom

Developing countries have been on a borrowing binge this year with nine months of bumper investment inflows and record bond sales, but a sharp US dollar bounce into year-end could end the party early.
3 October 2017, 18:00 PM

Last Australian-made Toyota rolls off production line

The last Australian-made Toyota rolled off the production line Tuesday, ending over five decades of manufacturing by the Japanese firm as the once-booming local car-making industry grinds to a halt.
3 October 2017, 18:00 PM

Toshiba $18b sale of chip unit finally signed, legal challenges remain

Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting.
28 September 2017, 18:00 PM

Bitcoin blow as fund drops US exchange application

An effort to allow investors to trade digital currencies as easily as stocks in the United States stumbled when the backer of a bitcoin fund said an application to list on an exchange had been withdrawn.
28 September 2017, 18:00 PM

Canada blasts Boeing, warns US jobs at stake in Bombardier trade row

Canada-US trade relations took a nosedive Wednesday after the US Commerce Department announced it would impose steep anti-dumping duties on Canadian manufacturer Bombardier's new CSeries jetliners.
28 September 2017, 18:00 PM

Myanmar's conflict-hit Rakhine a magnet for Chinese cash

Battered by global outrage over an army crackdown on Rohingya Muslims, Myanmar has found comfort in an old friend -- China, an Asian superpower whose unflinching support is tied to the billions it has lavished on ports, gas and oil in violence-hit Rakhine state.
28 September 2017, 18:00 PM

Qatar Airways announces $2b Boeing plane order

Qatar Airways announced Tuesday it has placed an order worth more than $2 billion for six Boeing planes, which it said reflected the airline's continued expansion in the United States.
27 September 2017, 18:00 PM

Gold smuggling may rise in India

Gold smuggling in India, the world's second-biggest consumer of the metal, is likely to rise during the country's peak holiday season as buyers try to avoid paying a new sales tax and to dodge new transparency rules.
27 September 2017, 18:00 PM

IFC to launch 2nd phase of advisory service for green textile production

The International Finance Corporation (IFC) plans to launch the second phase of its advisory service—Partnership for Cleaner Textile (PaCT)—in Dhaka on Saturday, with an aim to achieve sustainable textile production.
27 September 2017, 18:00 PM

Production loss, govt indecision caused rice price spiral: WB

The recent abnormal price rise of rice is the outcome of production loss, policy indecisiveness and rumours, among several reasons, the World Bank said yesterday.
27 September 2017, 18:00 PM

Must be the mountain air: yet again, Swiss have world's most competitive economy

Switzerland is the world's most competitive economy for a ninth straight year, the Geneva-based World Economic Forum said on Wednesday. Since suffering a rare blip in 2008, when it was nudged into second place by the United States, the Swiss economy has
27 September 2017, 18:00 PM

India walks tightrope with 'black money' fight

Narendra Modi is walking a tightrope with his fight against “black money”. India's prime minister has unleashed a wave of bold, and
27 September 2017, 18:00 PM

US sees strong durable goods sales in August

US manufacturers booked strong sales of big-ticket durable goods in August, with orders for aircraft, computers, autos and communications equipment all rising, according to government data released Wednesday.
27 September 2017, 18:00 PM

Uber appeals UK court case on drivers' rights 

Uber appealed before a British employment tribunal on Wednesday against a ruling that would give its drivers official worker status, as the company also battles against a threatened ban in London.
27 September 2017, 18:00 PM