A divided Fed pits world's woes against domestic growth

Federal Reserve policymakers appeared deeply divided on Saturday over how seriously problems in the world economy will effect the US, a fracture that may be difficult for Fed Chair Janet Yellen to mend as she guides the central bank's debate over whether to hike interest rates.
20 September 2015, 18:00 PM

Zelta mobiles hit market

Zelta mobiles, a brand of Sky Telecommunication Ltd, launched a range of smart and bar phones, in Dhaka on Saturday.
20 September 2015, 18:00 PM

British minister upbeat on slowing China economy

British finance minister George Osborne expressed his confidence in the slowing Chinese economy on Sunday, saying the country was going through a necessary transformation and was still a driver of global growth.
20 September 2015, 18:00 PM

Competition for interior designers launched

A nationwide competition has recently been launched for emerging interior designers and architects to display their skills in use of material, space, colour, texture, lighting and graphics.
14 September 2015, 18:00 PM

China unveils details of state-firm reforms as growth sputters

China unveiled details on Sunday of how it would restructure its state-owned enterprises (SOEs), including partial privatisation, as data pointed to a cooling in the world's second-largest economy.
14 September 2015, 18:00 PM

Malaysia to pump in $4.6b to bolster stockmarket

Malaysia will inject up to $4.6 billion to bolster its stock market and will spend tens of millions of dollars on infrastructure projects to try to stimulate the slowing economy, Prime Minister Najib Razak said Monday.
14 September 2015, 18:00 PM

Airbus to open US jet production plant in a first

European jetmaker Airbus is taking its fight for a bigger market share to rival Boeing's backyard on Monday, as it inaugurates its first production plant in the United States.
14 September 2015, 18:00 PM

Utility debts threaten Modi's power-for-all drive

With a three-year government rescue package coming to a close, the highly indebted state of Rajasthan is getting tough - it's demanding farmers start paying for their electricity.
14 September 2015, 18:00 PM

Toshiba reports $102m quarterly net loss

Toshiba on Monday reported a first-quarter loss of $102 million after sales fell to a two-and-half-year low, in a fresh blow to the Japanese conglomerate after a huge accounting scandal.
14 September 2015, 18:00 PM

Rich world struggles to resolve row over coal subsidies

Rich nations are stubbornly divided ahead of talks in Paris on Thursday to seek a deal to phase out coal subsidies in a foretaste of the difficulty of agreeing on action to curb global warming at a UN summit later this year.
14 September 2015, 18:00 PM

Nintendo names new president after sudden death of CEO

Japanese videogame giant Nintendo said on Monday it has appointed Tatsumi Kimishima as its new president.
14 September 2015, 07:31 AM

India escapes the worst of emerging markets misery

Three years ago India was the weakling of the emerging markets clan, politically stagnant and struggling to grow -- but as gloom engulfs other developing economies, the subcontinent is enjoying a moment in the sun.
13 September 2015, 18:00 PM

German carmakers party under China cloud

Flush with cash and confidence after years of rising sales, German carmakers are used to reaping industry-leading returns. But with Chinese demand abruptly slowing, the profit engine has begun to sputter, overshadowing the glitz of the Frankfurt auto show which
13 September 2015, 18:00 PM

German finance minister warns of market bubble

The global economy faces a financial bubble from central banks pumping cash into economies, Germany's finance minister warns.
11 September 2015, 15:43 PM

World food prices post largest drop in 7 years

The price of international food commodities registered their largest monthly drop in seven years in August, the UN food agency said on Thursday.
10 September 2015, 13:26 PM

Facebook business pages becoming online shops

Facebook pages moved closer to replacing small business websites Tuesday, announcing features designed to make it easier for shops to hawk their wares.
9 September 2015, 18:00 PM

India approves mobile airwaves trading in connectivity boost

India on Wednesday allowed telecom carriers to trade unused mobile airwaves, a move aimed at improving services in the world's second-biggest market by number of mobile customers.
9 September 2015, 18:00 PM

Tech world waits for iPhone news and hopes for magic

The tech world on Wednesday will have its eyes on Apple, expecting new versions of the company's coveted iPhone but hoping for magic in the form of unexpected innovation.
9 September 2015, 18:00 PM

China to step up fiscal incentives to boost growth

China will adopt "stronger" fiscal policies to support growth, Beijing said as it seeks to sooth increasing fears about the world's second-largest economy following turmoil in domestic and overseas markets.
9 September 2015, 18:00 PM

Nikkei sees biggest one-day jump since 2008 financial crisis

Tokyo stocks rocketed 7.71 percent Wednesday, leading an Asian equities rally as investors scooped up shares on the cheap, while a weak yen and hopes that China's wild market volatility was ending also boosted buying.
9 September 2015, 18:00 PM