Biggest German bank mulls selling stake in China, India

Deutsche Bank, Germany's biggest lender, is considering selling its stake in Chinese group Hua Xia Bank and divesting its retail banking activities in India, the business daily Handelsblatt reported on Wednesday.
20 August 2015, 18:00 PM

Google launches Wi-Fi router for home use

Google Inc launched a Wi-Fi router on Tuesday, the latest move in the company's efforts to get ready for the connected home and draw more users to its services.
19 August 2015, 18:00 PM

German lawmakers back third Greek bailout

German lawmakers overwhelmingly voted in favor of a third Greek bailout on Wednesday, heeding a call from Finance Minister Wolfgang Schaeuble to give Greece the chance for a new start, despite his own concerns it might not work.
19 August 2015, 18:00 PM

Uber aims at a million rides a month in India, gets funds from Tata Group

Taxi hailing service Uber Technologies Inc has received fresh investment from Tata Opportunities Fund, a private equity fund advised by Tata Capital, as it expands its business, the companies said.
19 August 2015, 18:00 PM

India's thirst for petrol supports Asian margins

Strong Indian imports of petrol, boosted by a shift towards petrol car sales, are expected to underpin Asian margins for the fuel at least for the rest of the fiscal year to next March, industry sources say.
19 August 2015, 18:00 PM

Facebook leads social pack in US, Twitter sputters: study

Facebook remains the dominant social network for US Internet users, while Twitter has failed to keep apace with rivals like Instagram and Pinterest, a study showed Wednesday.
19 August 2015, 18:00 PM

eBay sells part of stake in India's Snapdeal

EBay said Tuesday it was selling part of its stake in India's ecommerce startup Snapdeal, but said the Asian nation remains an "important market" for the US online giant.
19 August 2015, 18:00 PM

Toyota says factory lines in Tianjin shut until weekend

Toyota on Wednesday said at least 67 employees were injured after giant explosions last week in the Chinese city of Tianjin, where the carmaker's factory lines will remain closed for the next few days.
19 August 2015, 18:00 PM

US consumer prices edge up in July

US consumer prices rose slightly in July, extending a slow year-over-year rise since April as the Federal Reserve plans an interest rate increase this year, official data showed Wednesday.
19 August 2015, 18:00 PM

China's devaluation may be bad news for FX industry

China's currency devaluation should give a shot in the arm to global foreign exchange volumes as traders take advantage of and protect themselves against the surprise surge in volatility, but its longer-term impact on market activity may not be so benign.
19 August 2015, 18:00 PM

Cathay Pacific profit up nearly sixfold

Hong Kong flag carrier Cathay Pacific said Wednesday first-half profit rose almost sixfold from a year earlier, helped by lower fuel prices, but shares fell to a nine-month low as the result missed expectations.
19 August 2015, 18:00 PM

Get used to cheap oil, derivatives markets say

OIL prices will stay low for years to come, derivatives markets say, keeping a lid on inflation and helping boost global growth.
19 August 2015, 18:00 PM

Japan exports stumble on China slowdown

Japan's exports slowed in July, official data showed Wednesday, adding to concerns about the fragile recovery in the world's number three economy as demand falls in neighbouring giant China.
19 August 2015, 18:00 PM

Ghost airports highlight risks as Modi spends to grow

Two-and-a-half years after the completion of a new $17 million terminal building, the airport in Jaisalmer, a small and remote desert city in Rajasthan, stands empty.
19 August 2015, 18:00 PM

China pumps $17b into banks for economic boost

China's central bank has made $17 billion available to more than a dozen financial institutions to help boost the economy, it said Wednesday, a day after injecting nearly $100 billion into two government policy banks.
19 August 2015, 18:00 PM

Wal-Mart earnings miss estimates

Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its full-year forecast on Tuesday, citing investments in staffing and weaker margins in its U.S. pharmacy business. Shares of the world's largest retailer fell 3.1 percent to $69.70 in heavy premarket trading.
18 August 2015, 18:00 PM

Bad debts cloud outlook for India's private sector banks

India's private sector banks have seen their loan books deteriorate at a faster pace than state-owned peers over the past three quarters, raising concerns that a slower economic recovery could mean writedowns estimated at around $1.5 billion.
18 August 2015, 18:00 PM

Bangkok blast threatens renewed pain for Thai economy

A bomb that ripped through a religious shrine in Bangkok's commercial heart, killing 22 people and wounding more than 100, could deal a heavy blow to a tourism sector that has been one of the few recent bright spots for Thailand's struggling economy.
18 August 2015, 18:00 PM

Alibaba, Foxconn, SoftBank invest in Snapdeal

China's Alibaba Group Holding, Japan's SoftBank Group Corp and Foxconn will lead an investment of $500 million in India's Snapdeal, the online marketplace said on Tuesday, as it seeks to expand in the country's fast growing ecommerce sector.
18 August 2015, 18:00 PM

Reduction in corruption can boost growth: BB governor

Bangladesh must reduce corruption and enhance good governance to elevate itself to a higher growth path, said Atiur Rahman, governor of the central bank.
18 August 2015, 18:00 PM