Thousands of jobs at risk as Tata Steel seeks British exit

Tata Steel is seeking to sell Britain's biggest steelmaking business, putting thousands of jobs at risk in an industry that once dominated Britain but has been brought low by falling prices, high costs and Chinese competition.
30 March 2016, 18:00 PM

China overcapacity darkens Asia's 2016 growth prospects: ADB

Huge industrial overcapacity in China will drag on both the country's and the region's growth this year, the Asian Development Bank said Wednesday, cutting its forecast for the world's second-largest economy.
30 March 2016, 18:00 PM

India approves foreign investment in e-commerce sector

India on Tuesday approved 100 percent foreign investment in marketplace e-commerce companies, formalising rules for the first time for the multi-billion dollar sector.
30 March 2016, 18:00 PM

Indebted Indian tycoon offers to repay $603m of defunct airline loans

Embattled tycoon Vijay Mallya has proposed to repay 40 billion rupees ($603 million), less than half of what his defunct Kingfisher Airlines owes to creditor banks who have approached the nation's highest court to recover their dues.
30 March 2016, 18:00 PM

Japan's century-old Sharp grabs foreign lifeline

It took a century for Sharp to evolve from making pencils into one of the world's top consumer electronics brands, but the Japanese company has now signalled another huge shift: it will become Taiwanese.
30 March 2016, 18:00 PM

Is Japan's plan for more women in the workplace failing?

Until early the 1990s, Japanese girls received homemaking education while boys didn't On paper, Prime Minister Shinzo Abe's plan to get more women into Japan's shrinking workforce - also referred to as "womenomics" - looked great.
30 March 2016, 18:00 PM

Dell nears sale of IT services unit to Japan's NTT Data

Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan's NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday.
28 March 2016, 18:00 PM

ECB loans 7.3b euros to banks at ultra-cheap rates

The European Central Bank had lent 7.3 billion euros ($8.1 billion) in ultra-cheap loans to banks in the latest round of its plan to kick-start lending to households and businesses.
27 March 2016, 18:00 PM

Oil giant PetroChina pumps lowest profit since 1999

Chinese oil giant PetroChina has posted its lowest profit since 1999 with the company citing a struggling global economy and slump in international oil prices last year.
27 March 2016, 18:00 PM

Japan looks to kick-start 'fintech' revolution

A laggard in embracing the 'fintech', or financial technology revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals' cash deposits.
27 March 2016, 18:00 PM

Nigerian businesswoman: A cut above in macho world of diamonds

Nigerian Thelma West is a rare gem in the diamond world as a woman in a male-dominated sector with few Africans, despite the continent being the main source of the precious rocks.
27 March 2016, 18:00 PM

China industrial firms' Jan-Feb profits return to growth

China's industrial profits returned to growth in the first two months of 2016, despite weakening business conditions and slowing economic growth in the world's second-largest economy.
27 March 2016, 18:00 PM

Amazon says its female workers paid equally as men

Amazon.com Inc, under pressure from an activist shareholder to disclose its policies on gender pay equality, said on Wednesday its female employees earned as much as their male counterparts, according to a survey it recently conducted.
24 March 2016, 18:00 PM

Mitsubishi to post first net loss

Japanese trading firm Mitsubishi Corp said on Thursday it would post its first ever annual loss in the year to March 31, totalling 150 billion yen ($1.33 billion), hurt by massive writedowns from a slump in commodities.
24 March 2016, 18:00 PM

European banking supervisor urges banks to re-think business model

Low interest rates and exposure to substantial amounts of bad debt have severely weakened Europe's banks, and should cause them to re-evaluate their business models, the region's banking supervisor said Wednesday.
24 March 2016, 18:00 PM

Turning guerrilla fighters into entrepreneurs

Former guerrilla fighter Gladis Giraldo says she ultimately realised that violence was not the answer.
24 March 2016, 18:00 PM

World's biggest startup? Samsung Electronics to reform corporate culture

Samsung Electronics Co Ltd, the world's biggest maker of smartphones and memory chips, announced on Thursday that it plans to adopt a corporate culture akin to a startup, seeking to become more nimble as growth slows.
24 March 2016, 18:00 PM

Activist fund seeks to replace Yahoo board

An activist hedge fund Thursday launched a bid to replace the entire Yahoo board of directors, saying the struggling Internet firm's management team has "failed to deliver results."
24 March 2016, 18:00 PM

China has enough tools to ensure stable economy: Premier

China has enough policy tools to keep the economy stable despite "deep rooted" structural problems and downward pressure, Premier Li Keqiang said on Thursday, channeling calm amid concerns about the country's slowdown.
24 March 2016, 18:00 PM

More Wall Street banks, investors help write blank checks

An obscure corner of the US IPO market is getting a new lease on life as more Wall Street banks and institutional investors turn to blank-check acquisition vehicles, once the domain of only a few underwriters and hedge funds, for better fortunes.
24 March 2016, 18:00 PM