German consumers more positive in April: survey

German consumers' outlook is brighter for April after wavering in March, a regular survey published Wednesday found, regaining confidence in the country's economic strength.
28 March 2018, 18:00 PM

Oracle's big-money case against Google gets new life

An appeals court on Tuesday gave Oracle another shot at wringing billions of dollars from Google in a keenly watched legal battle over the use of freely available Java software code.
28 March 2018, 18:00 PM

Japan passes record $926b budget

Japan's parliament approved a record $926 billion state budget on Wednesday for the next fiscal year, starting on April 1, with analysts wary about Prime Minister Shinzo Abe's ability to push fiscal reform as he faces a crisis over suspected cronyism.
28 March 2018, 18:00 PM

Amazon targets French grocery market with Monoprix deal

US e-commerce giant Amazon has made further inroads into food retail in France as Casino's upmarket Monoprix chain became the first local retailer to agree to sell groceries via Amazon.
27 March 2018, 18:00 PM

AkzoNobel to sell chemicals arm for 10.1b euros

Dutch chemical giant AkzoNobel announced Tuesday it was selling its chemicals arm to US-based investors Carlyle Group and Singapore's GIC for 10.1 billion euros ($12.6 billion), as part of its strategy to bolster the company.
27 March 2018, 18:00 PM

India, China agree to address trade imbalance

India and China have agreed on a roadmap for addressing the imbalance in bilateral trade, heavily tilted in the latter's favour.
27 March 2018, 18:00 PM

Saudi Aramco chief says IPO on track for 2018

The head of Saudi oil giant Aramco has said a much-anticipated IPO is on track for 2018, but declined to give a fixed date -- or venue.
27 March 2018, 18:00 PM

Lending to euro zone companies slows

Lending to euro zone companies slowed last month and a measure of money circulating in the region dipped unexpectedly, data showed on Tuesday, in a fresh sign the euro zone's economic expansion may be losing momentum.
27 March 2018, 18:00 PM

Cyber-attacks biggest risk for Swiss banks: watchdog

Cyber-attacks pose the biggest threat to the Swiss financial system with risks from hacking incursions on the rise, watchdog FINMA warned on Tuesday, calling on Switzerland to step up its national defenses against the menace.
27 March 2018, 18:00 PM

Novartis sells stake in joint venture to GSK for $13b

bSwiss pharmaceuticals giant Novartis announced Tuesday it will sell its stake its in its consumer healthcare joint venture to Britain's GlaxoSmithKline for $13 billion (10.4 billion euros).
27 March 2018, 18:00 PM

No spring in H&M's profits after cold snap

Hennes and Mauritz (H&M) saw its profits plummet once again after unusually cold weather in key European markets brought sales of spring garments down, the Swedish retail giant said Tuesday as it released first quarter results.
27 March 2018, 18:00 PM

US seeks China trade moves on autos, financials, chips

Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more US-made semiconductors in negotiations to avoid plans to slap tariffs on a host of Chinese goods and a potential trade war.
27 March 2018, 18:00 PM

Americans less likely to trust Facebook than rivals on personal data

Opinion polls published on Sunday in the United States and Germany cast doubt over the level of trust people have in Facebook over privacy, as the firm ran advertisements in British and US newspapers apologizing to users.
26 March 2018, 18:00 PM

IMF head tells euro zone time right to set up rainy day fund

International Monetary Fund (IMF) head Christine Lagarde said on Monday euro zone leaders should set up a “rainy day fund” to help cushion member states in economic downturns.
26 March 2018, 18:00 PM

Apple, IBM chiefs call for more data oversight after Facebook breach

Executives from Apple Inc and IBM Corp have called for more oversight on how personal data is used following the Facebook Inc breach that saw roughly 50 million users' data misused by consultancy Cambridge Analytica.
26 March 2018, 18:00 PM

China urges WTO members: put US tariff 'beast back in the cage'

China called on World Trade Organization members on Monday to unite to prevent the United States “wrecking” the WTO and urged them to oppose US tariffs targeting China's alleged theft of intellectual property.
26 March 2018, 18:00 PM

Myanmar improving but still 'super challenging' for business: study

Family-run firms, a lack of transparency and murky money networks in the former junta-led country continue to make doing business in Myanmar "super challenging", a new study mapping the country's top companies said on Monday.
26 March 2018, 18:00 PM

S Korea makes concessions to preserve US trade deal

Seoul has agreed to a quota for steel exports to the US 30 percent below current sales and accepted extended tariffs on pick-up trucks to secure a revised trade deal with Washington and escape its steel duties, the government admitted Monday.
26 March 2018, 18:00 PM

France beats EU deficit, growth targets in win for Macron

France on Monday reported a budget deficit equivalent to 2.6 percent of the economy in 2017, below the EU limit of 3.0 percent for the first time in a decade.
26 March 2018, 18:00 PM

Once hot favourite, India bonds lose their charm for foreign investors

After betting strongly on Indian bonds last year, foreign investors are cutting their holdings as a tumbling rupee erodes their returns and economic risks cloud the outlook of a once-hot emerging market play.
26 March 2018, 18:00 PM