Brace for quantitative tightening, as China leads FX reserves purge

After six years of quantitative easing, prepare for quantitative tightening.
29 August 2015, 18:00 PM

After Uber, meal-sharing sites under fire in France

First taxis rose up against Uber, then hotels challenged Airbnb and now, restaurants in France are taking on meal-sharing sites they believe create unfair competition and could sap jobs.
29 August 2015, 18:00 PM

China growth targets a fantasy: Chinese billionaire

Chinese billionaire Wang Jianlin, one of the country's best-known businessmen, has said China needs to drop unrealistic official economic growth targets.
27 August 2015, 18:00 PM

China market chaos blamed on exodus of regulatory 'turtles'

At the height of the 2008 financial crisis, as Wall Street slashed jobs, Beijing took advantage of the disarray to poach top Chinese financial talent from overseas to help reform its stock markets.
27 August 2015, 18:00 PM

Philippine economic growth quickens to 5.6pc in Q2

Philippine economic growth quickened in the second quarter, the government said Thursday, placing the country in a better position to weather the global fallout from China's economic woes.
27 August 2015, 18:00 PM

China sets yuan rate at four-year low against dollar

China's central bank on Thursday set its daily reference rate for the yuan currency at a four-year low against the US dollar, but it closed stronger than the previous day.
27 August 2015, 18:00 PM

RBI chief Rajan says not in favour of depreciating rupee

RESERVE Bank of India Governor Raghuram Rajan said he was not in favour of depreciating the rupee and joining a global wave of monetary measures that have weakened currencies, according to a newspaper interview on Wednesday.
26 August 2015, 18:00 PM

Currency volatility upsets Asian growth plans

FACED with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China's abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.
26 August 2015, 18:00 PM

Bangladesh envoy urges US to restore trade privilege

Three members of the US Congress have assured that they will help Bangladesh get back the generalised system of preferences in the American market, according to a statement from the Bangladesh mission in Washington DC.
26 August 2015, 18:00 PM

Nervous markets ride roller-coaster after China rate cut

EUROPEAN markets joined Asia on a roller-coaster session Wednesday, as China's interest rate cut showed no sign of ending a crisis fuelled by fears over stalling growth in the world's number-two economy.
26 August 2015, 18:00 PM

China investigates securities brokerages amid turmoil

Chinese police are investigating four securities brokerage firms for possible stock manipulation amid market turmoil.
26 August 2015, 12:57 PM

Black Monday and Tumble Tuesday: How China reacted

Chinese stocks continue to tumble, a day after "Black Monday" sent markets crashing across the globe.
25 August 2015, 12:28 PM

Etihad discounts air fares by 30pc

Etihad is offering discounts of up to 30 percent to their business and economy-class travellers to some 130 destinations from Dhaka, Sylhet and Chittagong.
23 August 2015, 18:00 PM

Britain wants to work with Iran on trade and investment

Britain said on Sunday that it wanted to work with Iran's central bank to make it easier for UK banks to finance trade and investment in the country after a thaw in diplomatic relations.
23 August 2015, 18:00 PM

IMF official says premature to speak of Chinese crisis

China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday.
23 August 2015, 18:00 PM

Emerging economies let currencies slide to stay competitive

The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the dollar's strength in anticipation of US rate hikes.
23 August 2015, 18:00 PM

Gold industry analysts expect price boost from currency war fears

Gold prices could rise above $1,200 an ounce in the next few months as fears of a currency war following the devaluation of the yuan make equity markets choppy, boosting physical gold and ETF buying, leading industry analysts said at a conference.
23 August 2015, 18:00 PM

Spain's economy to keep growing in third quarter

Spain's economy will grow in the July to September period at a similar pace to previous quarters, boosted by a busy tourism season and consumer spending, the economy minister said in comments published on Sunday.
23 August 2015, 18:00 PM

EU tries to clear "fog of confusion" over US trade pact

The European Commission will publish detailed reports on its negotiations with the United States to forge the world's biggest trade pact, EU trade chief Cecilia Malmstrom said on Friday, responding to criticism that the talks have been shrouded in secrecy.
22 August 2015, 18:00 PM

Disappointing business surveys intensify world growth fears

Signs China's economic slowdown is deepening and weak growth in Europe and the US reported on Friday further damaged the outlook for the global economy, sending stocks and commodity prices reeling.
22 August 2015, 18:00 PM