Asia to grow as expected in 2018 and 2019, trade war poses downside risks: ADB

The Asian Development Bank expects developing Asia to meet its growth forecasts for this year and next on strong domestic demand and easing inflation pressures, though it warned of downside risks from a rising tide of trade protectionism.
12 December 2018, 18:00 PM

Modi seen forgiving farm loans as he seeks to win back rural voters

Prime Minister Narendra Modi's government is likely to announce loan waivers worth billions of dollars to woo millions of farmers ahead of a general election, government sources said, after his ruling party suffered a rural drubbing in state polls.
12 December 2018, 18:00 PM

Amazon aims at office workers with compact cashier-less food store

Amazon.com Inc on Wednesday opened a compact version of its cashier-less Amazon Go food stores, broadening its footprint in the bricks-and-mortar world in a move to add shops in places such as office lobbies and hospitals.
12 December 2018, 18:00 PM

Inclusive business models for safe water

How would you feel if you were limited to using 13 gallons of water per day that includes roughly a 90-second shower, eight glasses of drinking water, a few dish-washings, one cooked meal, two hand washings, two teeth brushings and one-toilet flush? Sounds bizarre? Surprisingly,
12 December 2018, 18:00 PM

Volkswagen denies allegations chairman knew early about emissions cheating

Volkswagen has denied allegations that Chairman Hans Dieter Poetsch knew about the carmaker's emissions test cheating almost three months before U.S. authorities made it public in September 2015.
9 December 2018, 18:00 PM

China's factory gate inflation eases

China's factory inflation slowed in November, a sign demand remains weak amid Beijing's ongoing trade war with the United States, while consumer inflation also flagged, official data showed Sunday.
9 December 2018, 18:00 PM

Fed policymakers signal turning point on US rate-hike path

The US central bank is flagging a turning point in monetary policy, as a Federal Reserve policymaker on Friday backed interest rate hikes in the “near term” but nodded to increasingly less certainty ahead.
9 December 2018, 18:00 PM

Qatar says budget for 2019 will project surplus

Qatar's national budget for 2019 will show a forecast for a surplus, its Finance Minister Ali Shareef al-Emadi told a conference on Sunday.
9 December 2018, 18:00 PM

China, India pull back from coal imports, hurting prices

It's not shaping up as a merry Christmas for coal exporters to Asia as the region's top buyers, China and India, pull back from the recent trend of strong imports.
6 December 2018, 18:00 PM

WTO chief warns of economic danger of trade war

All countries will lose in a global trade war, the head of the world's trade referee warned in a speech on Wednesday.
6 December 2018, 18:00 PM

Facebook CEO backed sharing customer data despite second thoughts: documents

Facebook Chief Executive Mark Zuckerberg questioned the business case for giving millions of outside software developers wide access to customer data before endorsing the practice in 2012, according to internal emails published on Wednesday.
6 December 2018, 18:00 PM

Opec eyes output cuts as Trump calls for boost

Opec members and other oil-producing countries mulled cuts in output Thursday to prop up plunging prices, defying repeated calls by US President Donald Trump that they keep the taps open.
6 December 2018, 18:00 PM

India seen holding rates steady as inflation, growth soften

Analysts expect the Reserve Bank of India (RBI) to support an economy that is losing momentum by leaving interest rates unchanged at a policy meeting on Wednesday, when just over a month ago most of them had predicted a hike.
4 December 2018, 18:00 PM

France, Germany move to save EU digital tax proposal

France and Germany jointly agreed a scaled-back version of an EU digital tax Tuesday, that they hoped would break significant opposition to the plan amongst bloc partners.
4 December 2018, 18:00 PM

Opec caught between Trump and falling oil prices

Opec members and other oil-producing countries convene in Vienna this week to discuss lowering their output, as they scramble to buffer their earnings against plunging crude prices, while also coming under heavy US pressure to ensure that the commodity stays cheap.
4 December 2018, 18:00 PM

Australia central bank holds rates as home prices fall

Australia's central bank kept interest rates at a record-low on Tuesday as a drop in house prices accelerated.
4 December 2018, 18:00 PM

White House seeks to end subsidies for electric cars, renewables

White House economic adviser Larry Kudlow said on Monday the Trump administration wants to end subsidies for electric cars and other items, including renewable energy sources.
4 December 2018, 18:00 PM

India economic growth slows to 7.1pc

India's economic growth slowed to 7.1 percent in the second quarter, official data showed Friday, as its banks endure a liquidity crunch that is hampering investment in Asia's third-largest economy.
1 December 2018, 18:00 PM

Does Google harm local search rivals? EU antitrust regulators ask

EU antitrust regulators have asked Google's rivals if the internet search giant unfairly demotes local search competitors, according to a questionnaire seen by Reuters, a move which could lead to a fourth case against the Alphabet unit.
1 December 2018, 18:00 PM

Tesla hits Model 3 production target at 1,000 cars a day

Tesla Inc met its production target of 1,000 Model 3 cars per day, automotive news website Electrek reported on Friday, citing Chief Executive Officer Elon Musk's email to employees.
1 December 2018, 18:00 PM