Tax cuts to support economic stability: China premier

China's plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country's tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
12 January 2019, 18:00 PM

US government shutdown may depress job growth

A partial shutdown of the US government could slash job growth by as much as 500,000 in January and lift the unemployment rate above 4.0 percent unless the impasse in Washington is resolved before next Friday, economists warned.
12 January 2019, 18:00 PM

Huawei Canada executive leaves post as scrutiny of company grows

One of Huawei Canada's top executives on Friday disclosed he was leaving his post after more than seven years with the Chinese telecommunications equipment maker, which is facing heightened scrutiny over security issues from Canada and its allies.
12 January 2019, 18:00 PM

Japan forced to amend budget over faulty jobs data scandal

Japan said Friday it will have to amend its upcoming budget to fund compensation for people whose benefits were underpaid for years because of a scandal involving erroneous labour data.
12 January 2019, 18:00 PM

Dubai budget to slow spending growth

Dubai expects to slow the growth of state spending this year but continue spending heavily on infrastructure as it prepares to host the Expo 2020 world's fair, a statement by the emirate's ruler Sheikh Mohammed bin Rashid al-Maktoum said on Tuesday.
1 January 2019, 18:00 PM

Saudi Aramco buys remaining 50pc of rubber JV from Lanxess

Saudi Aramco has completed its acquisition of a 50 percent stake in Arlanxeo, its Netherlands-based joint venture with chemicals firm Lanxess, to become the full owner of the company, it said in a statement on Monday.
1 January 2019, 18:00 PM

China's manufacturing activity contracts in Dec

China's manufacturing activity in December contracted for the first time in over two years, official data showed Monday, amid a bruising trade war with the United States and a slowing domestic economy.
1 January 2019, 18:00 PM

Oil posts first year of losses since 2015

Oil prices ended with full-year losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed US sanctions on Iran.
1 January 2019, 18:00 PM

Wall Street stocks end worst year since 2008

The US stock market concluded its worst year since the global financial crisis on Monday following a late-season collapse that also raised doubts about the prospects for 2019.
1 January 2019, 18:00 PM

Indian banks' bad loans may decline further by March

India's central bank on Monday said the proportion of commercial lenders' non-performing assets (NPAs) may fall slightly to 10.3 percent by March, thanks to measures including the creation of a bankruptcy code.
1 January 2019, 18:00 PM

US firms repatriated over half a trillion dollars last year, but pace slows

US companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street.
1 January 2019, 18:00 PM

French new car sales up: manufacturers

The sale of new cars in France increased nearly three percent last year, but the market for diesels was markedly down, the French automakers' association (CCFA) said Tuesday. A total of 2,173,481 private cars were first registered last year, in line with automakers' expectations.
1 January 2019, 18:00 PM

Ghosn's detention extended to Jan 11

Former Nissan boss Carlos Ghosn will be spending the beginning of 2019 behind bars after a Tokyo court on Monday extended his detention through to January 11.
1 January 2019, 18:00 PM

Malaysia to gain as India cuts tax on palm oil imports

India has cut import taxes on crude and refined palm oil from Southeast Asian (Asean) countries after a request from suppliers, a government notification said.
1 January 2019, 18:00 PM

India exempts rupee payments for Iran oil from hefty taxes

India's finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.
1 January 2019, 18:00 PM

Netflix poaches CFO from Activision Blizzard

Netflix Inc is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer, a source familiar with the matter told Reuters.
1 January 2019, 18:00 PM

China, US trade negotiators plan 'to meet in January'

Trade negotiators from China and the United States are planning to meet in January for talks, Beijing said Thursday, but stopped short of confirming the exact date or location.
27 December 2018, 18:00 PM

Foxconn to assemble top-end iPhones in India

Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter.
27 December 2018, 18:00 PM

Vietnam posts decade-high growth of 7.1pc

Vietnam's growth soared to more than 7 percent this year, its highest in a decade, helped by a surge in its manufacturing sector.
27 December 2018, 18:00 PM

Amazon, Walmart face hit from new India e-commerce rules

Traditional traders and local players rejoiced Thursday at new e-commerce rules imposed by the Indian government on global giants such as Amazon and Walmart which analysts said could force them to rethink their Indian operations.
27 December 2018, 18:00 PM