IMF says Western sanctions could cut 9pc off Russia's GDP

Sanctions linked to the Ukraine crisis could end up costing Russia 9 percent of its gross domestic product, the International Monetary Fund said on Monday.
3 August 2015, 18:00 PM

Factory growth bucks Asia trend, speeds to six- month high

Indian manufacturing activity expanded at its fastest pace in six months in July as new export orders accelerated, a business survey showed on Monday.
3 August 2015, 18:00 PM

Western companies look hard at China as growth slows

THE Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts.
3 August 2015, 18:00 PM

HSBC selling unprofitable Brazil unit to Bradesco for $5.2b

HSBC Holdings Plc agreed to sell its Brazilian unit to Banco Bradesco SA for $5.2 billion, retreating from the second-largest emerging market economy after years of disappointing performance.
3 August 2015, 18:00 PM

Automakers buckle up for more China woe after stock crash saps sales

Automakers in China may be forced to come up with more drastic mitigation measures when July sales results released from this week likely reveal a fourth month of contraction after a stock market crash sapped consumer sentiment.
3 August 2015, 18:00 PM

Stock manipulator jailed for two years

The special tribunal for capital market cases yesterday sentenced a man to two years in prison for illegally influencing the stockmarket through blogs and websites -- a first in Bangladesh.
3 August 2015, 18:00 PM

South Korea posts record current account surplus

South Korea on Monday posted a record current account surplus for the first half of this year as slumping oil prices helped offset the impact of shrinking exports.
3 August 2015, 18:00 PM

Snapdeal to raise $500m from Alibaba, SoftBank, Foxconn

Indian online marketplace Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, a person familiar with the matter said on Monday.
3 August 2015, 18:00 PM

German carmakers buy Nokia maps to fend off digital rivals

German carmakers BMW, Audi and Mercedes, will pay around 2.5 billion euros ($2.8 billion) to buy Nokia's maps business, beating out high-tech rivals for location services seen as key to the future of self-driving cars.
3 August 2015, 18:00 PM

MtGox Bitcoin CEO 'misused customer funds': Japanese media

Mark Karpeles, the head of the collapsed MtGox Bitcoin exchange who was arrested in Tokyo, is facing fresh allegations that he misused $8.9 million in customers' deposits, Japanese media reported Sunday.
2 August 2015, 18:00 PM

BMW CEO hints there is space for more electric models

The chief executive of BMW hinted in a German paper that there was potential for another of its "i" electric car models.
2 August 2015, 18:00 PM

US job market set for more than just "some" attention

Now that US Federal Reserve chief Janet Yellen has made it clear she's looking out for "some" improvement in the job market before voting for the first Fed interest rate rise in nearly a decade, so is everyone else.
2 August 2015, 18:00 PM

Iran wants to buy 90 planes a year to renovate fleet

Iran plans on buying 80 to 90 Airbus and Boeing passenger planes per year until 300 are in place to replace its ageing fleet, media reported Sunday quoting a civil aviation official.
2 August 2015, 18:00 PM

Pakistan's Japanese-dominated car market poised for new entrants

Pakistan's car market has been dominated by Japanese automakers for decades, but a mini-economic revival looks set to attract new players from Europe and Korea into the mix.
2 August 2015, 18:00 PM

Eyes on banks as Greek stock exchange to reopen

Attention will be focused on Greece's embattled banks on Monday when the Athens stock exchange reopens after a six-week shutdown over the country's debt crisis.
2 August 2015, 18:00 PM

Facebook now used by half of world's online users

Half of the world's estimated online population now check in to the social networking giant Facebook at least once a month.
30 July 2015, 13:00 PM

Nokia comes up with virtual reality camera

Finland's Nokia, once the world's largest phone maker, has unveiled a spherical camera designed for making 3D movies and games that can be watched and played with virtual reality headsets.
29 July 2015, 18:00 PM

GM to invest $1b in India, plans to double market share by 2020

General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday.
29 July 2015, 18:00 PM

Microsoft launches much-awaited Windows 10

Microsoft Corp launched its much-awaited Windows 10 operating system at midnight on Wednesday.
29 July 2015, 18:00 PM

Panasonic three-month net profit soars more than 50pc

Japanese electronics giant Panasonic said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change as the electronics giant continues to reshape its business.
29 July 2015, 18:00 PM