Fed to cut rates this month for first time in a decade

A quarter-point Federal Reserve interest rate cut in July is almost a done deal, according to economists in a Reuters poll, who expect another later in the year amid rising economic risks from the ongoing US-China trade war.
25 July 2019, 18:00 PM

TikTok parent to open India data centre

The Chinese parent company of popular video app TikTok will set up a data centre in India, as privacy concerns prompt Indian regulators to push for greater domestic storage of information.
22 July 2019, 18:00 PM

Indian panel recommends cryptocurrency ban

An Indian government panel has recommended banning all private cryptocurrencies and a jail term of up to 10 years and heavy fines for anyone dealing in digital currencies, which could signal the end of them in India.
22 July 2019, 18:00 PM

India set for record edible oil imports

India’s edible oil imports are likely to rise 7.3 percent in 2019/20 to a record high as weak monsoon rains curtail yields of summer-sown oilseeds such as soybeans and groundnut, a senior industry official said.
22 July 2019, 18:00 PM

Toshiba Memory sees ‘good chance’ of M&A in push for data centre business

Japan’s Toshiba Memory said there was a “good chance” for acquisitions as it pushes to increase its share of the market for advanced storage products used in data centres.
22 July 2019, 18:00 PM

How China’s US tariff jab choked a cherry import boom

For public relations officer Rachel Li, paying top dollar for “beautiful” cherries imported from the United States was a no-brainer.
22 July 2019, 18:00 PM

Oil outlook sours as sanctions, global tensions fail to bring out bulls

Sentiment in the oil market has shifted dramatically in recent days, with hedge funds, producers and traders all taking a more bearish tack in response to what they see as weakness in worldwide demand.
22 July 2019, 18:00 PM

Funds managing $2t urge cement makers to act on climate impact

European funds managing $2 trillion in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk.
22 July 2019, 18:00 PM

‘Canary in the coal mine’: Singapore woes ring trade alarm bells

A plunge in exports and the worst growth rates for a decade have fuelled concerns about the outlook for Singapore’s economy, with analysts saying the figures offer a warning that Asia is heading for a slowdown as China-US tensions bite.
22 July 2019, 18:00 PM

Abe’s so-so victory is good for Japan’s economy

Shinzo Abe’s so-so victory in Japanese elections over the weekend will keep his focus on the Japanese economy, where it should be. The prime minister’s ruling coalition won a majority in Japan’s upper house, but slack turnout denied him enough seats to scrap the
22 July 2019, 18:00 PM

Shadowed by trade war, Malaysia says 2020 fiscal deficit target a ‘challenge’

MALAYSIA will find it challenging to meet its 3 percent fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview on Monday.
22 July 2019, 18:00 PM

In sluggish Russian economy, halal sees growth

The manager of a sausage factory near Moscow, Arslan Gizatullin says his halal business has been feeling the pinch -- not so much from Russia’s sluggish economy but competitors vying for a piece of a growing Islamic market.
21 July 2019, 18:00 PM

Chinese companies seeking new purchases of US farm products

Some Chinese companies are seeking new purchases of US agricultural products, China’s official Xinhua news agency said on Sunday, citing authorities.
21 July 2019, 18:00 PM

Colors honours women entrepreneurs

Lifestyle magazine Colors has honoured women entrepreneurs in seven categories for their impressive success in the field of business.
21 July 2019, 18:00 PM

Pakistan price squeeze hits middle class as well as poor

Pakistan Prime Minister Imran Khan’s government faces mounting pressure as rising prices and tough austerity policies under Pakistan’s latest bailout from the International Monetary Fund are squeezing the middle class that helped carry it to power.
18 July 2019, 18:32 PM

Samsung asks partners to stockpile Japanese components

South Korea’s Samsung Electronics has sent letters to local partners urging them to stockpile more Japanese components in case Tokyo expands its export restrictions, a source with knowledge of the matter said on Thursday.
18 July 2019, 18:30 PM

Canada is ‘closest transatlantic partner’ of EU, says Tusk

Canadian Prime Minister Justin Trudeau launched the Canada-EU summit Wednesday by praising the “progress” resulting from CETA, their free trade deal, while European Council president Donald Tusk called Ottawa the bloc’s “closest transatlantic partner.” Their mutual
18 July 2019, 18:29 PM

Facing Olympic hotel shortage, Tokyo looks offshore

Tokyo is facing a shortage of accommodation when Olympic fans pour into the Japanese capital for next year’s Games so officials are looking offshore -- to moored cruise ships operating as floating hotels.
18 July 2019, 18:26 PM

Samsung’s Eid campaign offers free electronics

Samsung has launched a “Meet the Eid” campaign marking the upcoming Eid-ul-Azha offering free consumer electronics and cashbacks on purchase of select models of refrigerators, televisions and washing machines till August 11.
18 July 2019, 18:25 PM

G7 ministers reach consensus on taxing digital giants: France

G7 finance ministers meeting in France on Thursday agreed a plan for taxing digital companies such as Facebook and Google that will set a minimum level of taxation for them.
18 July 2019, 18:25 PM