Bangladesh again denied GSP

Bangladesh's trade privilege in US markets has been again denied as President Donald Trump's administration goes on to enforce the trade preference programme's eligibility this week.
27 December 2017, 18:00 PM

Brazil to suspend fish exports to EU

Brazil said it was suspending fish exports to the European Union in response to concerns raised by Brussels' veterinary inspectors.
27 December 2017, 18:00 PM

In Pakistan, questions raised over GE's flagship power turbines

General Electric's flagship gas turbines ran into problems in Pakistan earlier this year, leading to delays and lengthy outages at three newly built power stations, according to several senior Pakistani officials and power executives.
27 December 2017, 18:00 PM

India may borrow extra Rs 500b in 2017/18

India's government is likely to borrow additional 500 billion rupees ($7.79 billion) in 2017/18 fiscal year that ends in March, the finance
27 December 2017, 18:00 PM

Oil remains near 2015 highs on tight market outlook

Oil prices on Wednesday remained near two-and-a-half year highs from the previous session as the market outlook for 2018 is relatively tight, although the gradual resumption of flows through a major North Sea pipeline prevented crude from rising.
27 December 2017, 18:00 PM

India challenges China as world's biggest LPG importer

India is set to surpass China as the biggest importer of liquefied petroleum gas (LPG) this month as a drive to replace wood and animal dung fires for cooking boosts consumption.
27 December 2017, 18:00 PM

German firms optimistic for 2018, worker shortage main brake

More than half of Germany's industry associations have shrugged off worries about U.S. protectionist policies and Brexit, and are more positive about their situation than they were a year ago, a survey showed on Wednesday.
27 December 2017, 18:00 PM

Cambodia sends maids to HK to plug gap after abuse scandals

Cambodia sent its first batch of maids to work in Hong Kong on Wednesday as the Asian financial hub scrambles to meet growing demand for domestic helpers after a series of abuse scandals.
27 December 2017, 18:00 PM

Apple faces lawsuits after saying it slows down aging iPhones

APPLE Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change.
27 December 2017, 18:00 PM

Vietnam's economy grows at fastest rate in a decade

Vietnam's economy grew 6.81 percent this year -- its strongest rate for a decade -- thanks in part to surging exports, data showed Wednesday.
27 December 2017, 18:00 PM

China Inc braces for testing 2018 as profit growth slows to seven-month low

Earnings at China's industrial firms grew at their slowest pace in seven months in November, as demand and producer price gains eased in further confirmation of ebbing growth in the world's second-largest economy.
27 December 2017, 18:00 PM

Bitcoin falls 30pc, posts worst week since 2013

Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise to a peak close to $20,000 prompted warnings by experts of a bubble.
23 December 2017, 18:00 PM

US tax reform promises big income boost for German carmakers

German carmakers Daimler and BMW said Friday a new sweeping US tax reform giving major breaks to corporations will add hundreds of millions of euros to their 2017 earnings.
23 December 2017, 18:00 PM

Trump signs tax, govt spending bills into law

US President Donald Trump signed Republicans' massive $1.5 trillion tax overhaul into law on Friday, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown.
23 December 2017, 18:00 PM

Singapore firm to pay $422m in corruption fines

Singapore's Keppel Offshore & Marine Ltd (KOM) has agreed to pay $422 million in fines to the US, Brazil and Singapore to settle bribery cases involving Brazilian contracts, US officials said Friday.
23 December 2017, 18:00 PM

German consumers to start new year in high spirits

German consumers' festive mood will continue into the new year, a closely-watched survey said Friday, as shoppers remain unfazed by a political impasse in Europe's purring top economy.
23 December 2017, 18:00 PM

Energy prices bump key US inflation index up in Nov

Rising prices for energy and other goods nudged a closely watched measure of US inflation a little higher in November, according to new data published Thursday.
23 December 2017, 18:00 PM

China's trade with North Korea edges up in November

China's trade with North Korea edged up to $388 million in November but remained around its lowest levels this year, data showed on Saturday, as tough sanctions continue to slow business with its isolated neighbour.
23 December 2017, 18:00 PM

Ukraine, Russia both claim win in gas dispute

Ukraine and Russia on Friday both claimed victory after arbitration aimed at settling a ferocious dispute over a 2009 energy contract.
23 December 2017, 18:00 PM

Runner eyes more of Nepalese bike market

Runner Automobiles has beefed up its marketing efforts in Nepal in a bid to capture 15 percent of the growing motorcycle market in
19 December 2017, 18:00 PM