Opec has shown it can reach deal despite splits

Iranian Oil Minister Bijan Zanganeh praised Opec on Saturday for what he said was the producer group's ability to reach agreement despite intense internal political differences.
16 December 2018, 18:00 PM

Shenzhen, China's reform pioneer, leads tech revolution

The southern city of Shenzhen is the symbol of the transformative reforms launched by China 40 years ago: former fishing villages that morphed into a global manufacturing hub.
16 December 2018, 18:00 PM

Fed to hike rates again but hints at pause in 2019

The US Federal Reserve is likely to raise interest rates in the coming week but policymakers have begun to signal they may take it a bit slower in 2019.
16 December 2018, 18:00 PM

India's trade deficit narrows to $16.67b

India's November trade deficit narrowed to $16.67 billion due to a fall in gold imports, the country's trade ministry said in a statement on Friday.
15 December 2018, 18:00 PM

Qatar's private sector grows 6pc amid oil price volatility

Qatar's private sector grew by almost 6 percent in 2018 despite volatile oil prices, its finance minister said on Saturday.
15 December 2018, 18:00 PM

Brexit could wilt huge Dutch flower trade

Every day from dawn, a fleet of forklift trucks carries crates of roses, tulips, chrysanthemums and 22,000 other flower varieties through the world's biggest flower market.
15 December 2018, 18:00 PM

US industrial output surges in November amid cold snap

A cold snap last month drove a surge in gas and electricity use, which pushed total US industrial output up by double the expected amount, according to government data released Friday.
15 December 2018, 18:00 PM

RBI board seeks more discussion on governance under new boss

The board of the Reserve Bank of India (RBI) said on Friday it had deliberated on the central bank's governance framework and decided the matter requires “further examination”.
15 December 2018, 18:00 PM

US sets March 2 for China tariff increases amid talks

THE US Trade Representative's office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property.
15 December 2018, 18:00 PM

Trade worries push eurozone business growth to 4-year low: survey

Worries about a global trade war and disruptions caused by anti-government protests in France pushed business growth in the eurozone to a four-year low in December, an influential survey showed Friday.
15 December 2018, 18:00 PM

Boeing opens first 737 plant in China

Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world's top travel markets that has been overshadowed by the US-China trade war.
15 December 2018, 18:00 PM

US auto sales slow

US sales of autos and gasoline slowed last month, weighing on the retail sector as the crucial year-end shopping period got under way, government data showed Friday.
15 December 2018, 18:00 PM

China's ZTE loses major German mobile contract

Chinese telecoms giant ZTE lost its biggest contract in Germany, network provider Telefonica on Friday told AFP, as resistance mounts across the West to Beijing's infrastructure manufacturers.
15 December 2018, 18:00 PM

T-Mobile, Sprint see Huawei shun clinching US deal

T-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company.
15 December 2018, 18:00 PM

Jet Airways' survival may rest on founder Goyal leaving the cockpit

Jet Airways Ltd's 69-year-old founder Naresh Goyal, who started out as an assistant in a travel agency, wove together charm, persistence and consummate dealmaking to build India's biggest full-service carrier.
15 December 2018, 18:00 PM

Spain to see biggest wage hike since 1977

Spanish Prime Minister Pedro Sanchez said Wednesday his cabinet would approve next week a 22 percent increase in the monthly minimum wage to 1,050 euros ($1,192) in 2019.
12 December 2018, 18:00 PM

Don't contact our board members, Renault tells Nissan

Renault told alliance partner Nissan to stop contacting the French company's directors ahead of a Thursday board meeting as the Japanese automaker tried to share evidence of wrongdoing by its ousted chairman Carlos Ghosn, two sources said.
12 December 2018, 18:00 PM

Global economy in 2019: Growth beginning to fray

American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty.
12 December 2018, 18:00 PM

India names Modi demonetisation backer as central bank head

Ex-finance ministry official Shaktikanta Das took charge of the Reserve Bank of India on Tuesday, in a swift appointment expected to ease a dispute with the government as it pushes for looser credit rules ahead of a general election.
12 December 2018, 18:00 PM

Rolls-Royce to switch work to Germany over Brexit

Rolls-Royce on Wednesday said it was switching to Germany from the UK its design-approval of large aircraft engines after Prime Minister Theresa May delayed parliament's vote on the Brexit deal.
12 December 2018, 18:00 PM