Ambani towers pact sets up Indian telco comeback

Anil Ambani's telecom ambitions are almost credible again. The Indian tycoon's Reliance Communications is in exclusive talks to sell
7 December 2015, 18:00 PM

Wave of young Afghan migrants seen hurting economy they leave behind

AFGHAN software entrepreneur Farshid Ghyasi, chief executive of the Netlinks company, is struggling to keep his best employees, as more plan to join a wave of migrants leaving for Europe that risks causing long-term damage to the country and its economy.
7 December 2015, 18:00 PM

Recession deepens in Brazil

Brazil's economy contracted 4.5 percent year-on-year in the third quarter, officials said Tuesday, reflecting a steeper than expected recession in the world's seventh largest economy.
2 December 2015, 18:00 PM

US business plans for investment hit 3-year low

US businesses are increasingly pessimistic about the US economy and are slashing plans for investment that is vital for growth, a private
2 December 2015, 18:00 PM

India eyes steady steps, not big bang, towards freer rupee

India is taking steady steps towards an increasingly free currency, Reserve Bank of India governor Raghuram Rajan said on Tuesday, but it will avoid a "big bang" liberalisation.
2 December 2015, 18:00 PM

Australia economy expands with shift away from resource boom

Australia's economy is on track for healthy growth this year, new figures showed Wednesday, with a bounce in exports helping accelerate its shift from an unprecedented resources boom.
2 December 2015, 18:00 PM

Qatar rejects rights group report on 'rampant' labour abuse

QATAR'S government has rejected a report by Amnesty International which said abuse of migrant labourers in the Gulf Arab state remains "rampant" five years after it won the right to host the World Cup.
2 December 2015, 18:00 PM

Investors flee fossil fuels, even as some banks back coal

Institutional investors are fleeing fossil fuels even as some major banks continue to pour money into coal, according to reports released at a UN climate conference Wednesday.
2 December 2015, 18:00 PM

SE Asia needs to do more to open markets: study

DESPITE numerous pledges and years of effort to transform Southeast Asia into a single market, the 10-nation region remains resistant
2 December 2015, 18:00 PM

Yahoo board to discuss sale of core business

Yahoo's board will meet to discuss whether it should sell its core business instead of its Alibaba stake, according to a report Tuesday in The Wall Street Journal.
2 December 2015, 18:00 PM

Danone weans itself from Dumex infant formula brand in China

French dairy giant Danone said Wednesday it had reached a final agreement to sell its Dumex baby-milk business in China, which had been tarnished by bribery claims and a safety scare.
2 December 2015, 18:00 PM

India govt official floats idea of national gold exchange

A senior government official floated the idea this week of setting up a national gold exchange to overhaul physical trade in the world's second-biggest bullion market.
2 December 2015, 18:00 PM

Income tax deadline ends

The extended deadline to submit tax returns ended yesterday.
30 November 2015, 18:00 PM

Fed to take up emergency lending curb

The Federal Reserve Board will consider a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG, Citigroup and others in 2008.
30 November 2015, 18:00 PM

Black Friday online shopping rivals stores: US survey

As many Americans bought online as they did in physical stores during the Thanksgiving weekend shopping splurge, the National Retail Federation said Sunday, highlighting a growing trend away from the traditional Black Friday consumer assault.
30 November 2015, 18:00 PM

New York reassures tourists after terror threat

NEW York is reassuring tourists that America's biggest city is safe as it prepares to welcome more than five million visitors for the busy holiday season after the Paris attacks.
30 November 2015, 18:00 PM

India's economy grows 7.4pc, outperforms China

INDIA'S economy grew by 7.4 percent year-on-year in the last quarter, official figures showed Monday, outperforming China and giving Prime Minister Narendra Modi a boost following a recent election drubbing.
30 November 2015, 18:00 PM

MasterCard steps up its game

FINANCIAL inclusion, riding on the back of a predominantly youth population, will take the economy of Bangladesh forward, said a top official of MasterCard.
30 November 2015, 18:00 PM

Asian imports of Iran oil plunge 8.5pc in Oct

Asian imports of Iranian oil fell to the lowest level in two years in October, as Iran's biggest crude buyers held off from increasing purchases following a landmark agreement on Tehran's disputed nuclear programme in July.
30 November 2015, 18:00 PM

Amazon releases video showcasing unmanned delivery drones

Amazon has unveiled what its unmanned drones for package delivery would look like with a video launched on Sunday on the prototype
30 November 2015, 18:00 PM