Google and Walmart team up to take on Amazon

Walmart, the world's biggest retailer, and Google, the internet's predominant search engine, are teaming up in an attempt to challenge Amazon's growing dominance in online shopping.
23 August 2017, 18:00 PM

US new home sales growth hits 10-month low

New US home sales hit a 10-month low in July as prices forged higher, pointing to a possible slowdown in demand, official figures showed Wednesday.
23 August 2017, 18:00 PM

Verdict for Samsung heir weighs on telecom giant

The heir to the Samsung empire faces the verdict in his corruption trial Friday, which threatens to leave the world's biggest smartphone maker rudderless for more than a decade.
23 August 2017, 18:00 PM

Infosys approves up to $2b buyback of shares

India's second-biggest IT firm Infosys said on Saturday it will buy back shares worth up to 130 billion rupees ($2 billion), a day after Vishal Sikka resigned as chief executive after a long-running feud with the company's founders.
20 August 2017, 18:00 PM

China's solar panels shine spotlight on N Korea trade

Traders from North Korea visit Yuan Huan's shop in the Chinese border city of Dandong several times a month to place orders, bringing their own translators and wads of cash.
20 August 2017, 18:00 PM

Trump disbands business councils after CEOs quit in protest

US President Donald Trump disbanded two high-profile business advisory councils on Wednesday after several chief executives quit in protest over his remarks blaming weekend violence in Virginia not only on white nationalists but also on anti-racism activists who opposed them.
17 August 2017, 18:00 PM

Samsung, Foxconn to back cable-free phone tech

A startup backed by Tony Fadell, one of the fathers of the Apple iPod, plans to announce Wednesday it is working with Samsung Electronics Co Ltd, Foxconn parent Hon Hai Precision Industry Co Ltd and others on a new way for mobile phones to transfer large
17 August 2017, 18:00 PM

Most businesses have not changed strategic planning due to Brexit: Reuters survey

A majority of businesses are yet to change their strategic planning due to Britain's decision to leave the European Union, a survey of chief financial officers by Thomson Reuters showed.
17 August 2017, 18:00 PM

Australia proposes stronger money laundering rules, includes bitcoin

Australia said on Thursday it would strengthen its money laundering laws, including bringing bitcoin providers under the government's financial intelligence unit, days after a fresh scandal at one of the country's biggest banks.
17 August 2017, 18:00 PM

New Nokia 8 phone targets surging demand for video-streaming

HMD Global, the Finnish start-up looking to reinvigorate the Nokia phone brand, unveiled the Nokia 8 on Wednesday, hoping to cash in on rising consumer demand for high-quality audio and video features.
17 August 2017, 18:00 PM

UK exporters' confidence softens, says British Chambers of Commerce

The British Chambers of Commerce said on Thursday that exporters' confidence has softened slightly, due to concerns about currency fluctuations and a shortage of skilled workers.
17 August 2017, 18:00 PM

India bans exports of gold products above 22 carats

India has banned the export of gold products with a purity above 22 carats in a move a trade group said was a bid to curb a practice known as "round tripping".
17 August 2017, 18:00 PM

UK to seek 'temporary customs union' after Brexit

Britain said on Tuesday it would seek a "temporary customs union" with the European Union for one or two years after Brexit in an opening gambit for negotiations that got a cold response from Brussels.
15 August 2017, 18:00 PM

Yuan's strength against dollar fails to snuff out depreciation expectations

China has given those who bet against the yuan a bloody nose this year thanks to policy moves and intervention by the authorities. And yet, many traders and investors are still tipping the Chinese currency to decline against the US dollar in the next year.
15 August 2017, 18:00 PM

Japan economy posts longest expansion in over a decade

Japan has posted its longest economic expansion in over a decade on the back of a pickup in household and company spending, data showed Monday.
15 August 2017, 18:00 PM

Solid German growth gives Merkel election tailwind

Strong household and state spending consolidated Germany's role as the euro zone's growth engine in the second quarter, helping Chancellor Angela Merkel to burnish her economic credentials less than six weeks before an election.
15 August 2017, 18:00 PM

China warns of retaliation as Trump launches trade probe

Trade tensions between the United States and China heated up on Tuesday as Beijing warned that it "will not sit idle" if a US probe into its intellectual property practices leads to sanctions.
15 August 2017, 18:00 PM

Uber settles complaint over data protection

Uber agreed to implement new data protection measures to settle complaints that it failed to prevent improper snooping on driver and customer information, officials said Tuesday.
15 August 2017, 18:00 PM

Dollar climbs

Gains against the yen and a weakened British pound led a broad rise in the US dollar on Tuesday, helped by an easing of the tensions around North Korea that last week drove capital towards Switzerland and Japan.
15 August 2017, 18:00 PM

US sanctions hit Russian hopes of a 'Trump bump' for investment

New US sanctions on Moscow have forced Russian business chiefs to accept that Donald Trump's rise to power is not about to produce a "Trump Bump" in foreign investment.
15 August 2017, 18:00 PM