Eurozone approves Greek bailout in return for far-reaching reforms

Eurozone finance ministers approved Friday a third bailout worth up to 86 billion euros to keep Greece in the single currency in return
15 August 2015, 18:00 PM

Taiwan hits Uber with $1m in fines

Taiwan has fined Uber a total of US$1 million since September for improper registration, turning up the pressure on the app-based taxi
15 August 2015, 18:00 PM

Philippines' largest airline says profit up strongly

Cebu Pacific saw its half-year net profit soar 63 percent as low fuel costs helped it take full advantage of higher passenger and cargo
15 August 2015, 18:00 PM

BP to appeal US ruling over gas market manipulation

Energy giant BP is set to appeal against a decision by a US judge that it had manipulated gas market prices in 2008, the company said
15 August 2015, 18:00 PM

As yuan falls, China's rich seek safe havens offshore

For many in the ranks of China's wealthy, the shock devaluation in the yuan is a cause of regret - that they hadn't moved more money
13 August 2015, 18:00 PM

Malaysian economy grows at slowest pace in nearly two years

Malaysia's economy grew at its slowest pace in nearly two years in the second quarter, the government said Thursday, the latest
13 August 2015, 18:00 PM

HTC cuts 2,000 jobs after biggest quarterly loss

Taiwanese smartphone maker HTC said Thursday it would cut more than 2,000 jobs, slashing its workforce by 15 percent, after posting
13 August 2015, 18:00 PM

Indian court overturns Nestle noodle ban, orders new tests

An Indian court on Thursday overturned a government ban on Nestle's hugely popular Maggi noodles brand, but ordered further tests
13 August 2015, 18:00 PM

Opec raises oil demand forecast

Opec on Tuesday revised upward its growth forecast for global oil demand in 2015 and maintained projected record levels of world consumption next year, despite turbulent market conditions spurred by financial instability in Greece and China.
11 August 2015, 18:00 PM

Modi makes final push to pass tax reform

The government of Indian Prime Minister Narendra Modi is making a last push before the end of a stormy sitting of parliament to pass a major tax reform aimed at boosting economic growth, but an opposition party has dug in its heels to stop the bill.
11 August 2015, 18:00 PM

Costs of ad blocking rise to nearly $22b

The use of software that blocks online ads is expected to cost websites some $21.8 billion globally in 2015, a study showed Monday.
11 August 2015, 18:00 PM

Pacific trade deal puts profit over people

Labour activists worry that a US-led free-trade deal under negotiation will prioritise corporate profits over workers' rights and pressure governments to bow to the will of investors.
11 August 2015, 18:00 PM

Tata Steel Q1 net sales down 17pc

Tata Steel Ltd on Tuesday posted a 17 percent drop in consolidated net sales for the April-June quarter, as a flood of cheaper imports hit steel prices.
11 August 2015, 18:00 PM

New Google CEO made ascent with low-key style

A low-key style and an unusually firm handle on diplomacy propelled new Google chief executive Sundar Pichai to the top of the search engine giant, former colleagues said, cementing his successes such as creating the Chrome browser.
11 August 2015, 18:00 PM

Greece, lenders clinch bailout deal after marathon talks

Greece and its international lenders clinched a multi-billion-euro bailout agreement on Tuesday after marathon talks through the night, officials said, raising hopes aid can be disbursed in time for a major debt repayment due next week.
11 August 2015, 18:00 PM

Asian central banks hold nerve after China devalues yuan

Some of Asia's most interventionist central banks are for now holding their nerve on currency policy after a major devaluation in the currency of one of their top trading partners, China.
11 August 2015, 18:00 PM

Zimbabwe police bar trade union protests over job losses

Zimbabwe police on Saturday blocked the country's main workers union from protesting against a recent wave of job losses and briefly held union leaders, one of the march organisers said.
9 August 2015, 18:00 PM

Greece, creditors seen closing in on third bailout accord

Greece and its creditors were to resume talks in Athens on Sunday with both sides indicating that the terms of a third bailout will be finalised in short order.
9 August 2015, 18:00 PM

China under mounting pressure to ease policy as economy stumbles

China is under growing pressure to further stimulate its economy after disappointing data over the weekend showed another heavy fall in factory-gate prices and a surprise slump in exports.
9 August 2015, 18:00 PM

Adidas reports higher sales, modest profit rise

German sportswear and equipment maker Adidas on Thursday reported higher sales and a slight profit rise for the second quarter, despite
6 August 2015, 18:00 PM