Did Modi fulfil his economic promises?

Indian Prime Minister Narendra Modi swept to power five years ago on a business-friendly manifesto that promised to shake up Asia's third-largest economy and boost employment.
7 April 2019, 18:00 PM

Stake sale in troubled Jet Airways may get delayed

Lenders to India's troubled Jet Airways Ltd may have to wait a little longer to sell a stake in the carrier, as they need more clarity from the Reserve Bank of India (RBI), the Business Standard newspaper reported on Sunday.
7 April 2019, 18:00 PM

Cuba newsprint shortage sounds alarm for economy

The newsprint shortages which forced Cuba's Communist daily to run a trimmed-down edition on Friday would pass off as a simple supply glitch in most other countries, but in Havana they carry chilling memories of the not-so-distant past.
7 April 2019, 18:00 PM

Egypt on track to end fuel subsidies: IMF

Egypt is on track to end subsidies on most fuels by June 15 as part of a reform programme led by the International Monetary Fund, the Washington-based body said Saturday.
7 April 2019, 18:00 PM

Chinese investors snap up Greek 'Golden Visas'

Chinese investors led the so-called Golden Visa boom in Greece, where residence permits issued to non-E.U countries citizens grew 46 percent last year. Other crisis-hit countries like Portugal and Spain have used the scheme for years to lure investors in a bid to stoke an economic recovery. Spending a minimum of 250,000 euros on a home in Greece secures a five-year renewable visa.
7 April 2019, 18:00 PM

Under Donald Trump, Fed faces politicisation

The US Federal Reserve has regularly faced criticism from Donald Trump, but in recent days the president took matters into his own hands -- raising concerns that the Fed is being politicised.
7 April 2019, 18:00 PM

Billionaire jeweller Nirav Modi denied bail in London

Fugitive billionaire jeweller Nirav Modi was denied bail in a London court on Friday, following his arrest last week on charges over his alleged involvement in a $2 billion fraud at India's state-run Punjab National Bank.
30 March 2019, 18:00 PM

India may delay retaliatory tariffs on US goods

India's trade ministry has proposed that the government delays by a month the imposition of retaliatory tariffs on some US goods that were due to go into effect from April 1, a trade ministry spokeswoman told Reuters on Friday.
30 March 2019, 18:00 PM

China banks post profits but warn of instability

Chinese banks have posted profits for 2018 but warned that domestic and global uncertainties could put downward pressure on the sector in the coming year.
30 March 2019, 18:00 PM

Women running the money? Rarely at hedge funds

Generous salary and juicy bonus? Check. Client meetings at private members' club? Check. Swanky Mayfair office? Check. Company maternity scheme? Maybe, we'll get back to you.
30 March 2019, 18:00 PM

Apple, in rare reversal, pulls plug on wireless charging mat

Apple Inc on Friday said it is canceling the AirPower wireless charging mat that the company announced in 2017 on the same day as its iPhone X, a rare public retreat for the gadget maker known for splashy product launches.
30 March 2019, 18:00 PM

Huawei profit soars despite US pressure

China's Huawei's net profit grew 25 percent last year, the telecom giant said Friday, as it vowed to "shake off outside distractions" amid a global US campaign to blacklist the company over espionage fears.
30 March 2019, 18:00 PM

US inflation index slows sharply

A key US inflation measure dropped sharply in January due to plunging energy costs, the Commerce Department reported Friday.
30 March 2019, 18:00 PM

German jobless rate falls to record low since reunification

Germany's unemployment rate fell again in March, striking a new historic low since reunification in 1990, figures showed Friday, as a job boom in Europe's biggest economy extended its run.
30 March 2019, 18:00 PM

EU risks 'trade war' with Malaysia over palm oil: Mahathir

The European Union risks opening up a trade war with Malaysia over its “grossly unfair” policies aimed at reducing the use of palm oil, Prime Minister Mahathir Mohamad said on Thursday.
28 March 2019, 18:00 PM

Sony to close smartphone plant in China to cut costs

Sony Corp is closing its Beijing smartphone plant, a spokesman said on Thursday, as the Japanese electronics giant cuts costs in an attempt to make the money-losing handset business profitable from next year.
28 March 2019, 18:00 PM

Volkswagen in talks to buy stake in Ford's Argo unit

Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility services, the German carmaker said on Thursday.
28 March 2019, 18:00 PM

US, Chinese trade negotiators face 'large amount of work'

Beijing said Thursday US and Chinese negotiators still face a "large amount of work" as they meet for fresh talks aimed at resolving a months-long trade war.
28 March 2019, 18:00 PM

Britain rebukes Huawei over security failings, discloses more flaws

Britain publicly chastised China's Huawei Technologies for failing to fix long-standing security flaws in its mobile network equipment and revealed new “significant technical issues,” increasing pressure on the company as it battles Western allegations that Beijing could use its gear for spying.
28 March 2019, 18:00 PM

Renault aims to restart Nissan merger talks

France's Renault SA intends to restart merger talks with Japan's Nissan Motor Co Ltd within 12 months, after which it will set sight on a bid to buy Fiat Chrysler Automobiles NV, the Financial Times reported on Wednesday.
27 March 2019, 18:00 PM