India rupee surge exposes FX risk in key Asia elections

As India, Indonesia, the Philippines and Thailand prepare to head to the polls, the Indian rupee's recent sharp rebound is a telling reminder for investors to beware the potential for heightened volatility as they hunt for opportunities around upcoming elections.
19 March 2019, 18:00 PM

Travel fair starts tomorrow

A three-day international tourism fair titled “Novoair Dhaka Travel Mart-2019” begins in Dhaka tomorrow.
19 March 2019, 18:00 PM

Goldman Sachs upgrades India to 'overweight' amid pre-election rally

Goldman Sachs (GS) upgraded its view on India to “overweight” as the country catches up with pre-election rally amid expectations of another majority win for the ruling Bhartiya Janata Party.
19 March 2019, 18:00 PM

UK jobless rate hits 44-year low

The British unemployment rate has struck a 44-year low, official data showed Tuesday, despite a broader economic slowdown as Brexit looms.
19 March 2019, 18:00 PM

Passengers rage over disruptions at embattled Jet Airways

India's embattled Jet Airways put photographs of smiling women employees on social media last week for Women's Day, using the tagline “Standing tall; touching the skies” but few passengers reacted cheerfully.
16 March 2019, 18:00 PM

Apple infringed three Qualcomm patents, jury finds

Mobile phone chip supplier Qualcomm Inc on Friday won a legal victory against iPhone maker Apple Inc, with a jury in federal court in San Diego finding that Apple owes Qualcomm about $31 million for infringing three of its patents.
16 March 2019, 18:00 PM

BMW blames trade headwinds, emissions tests for weaker 2018

Profits at German high-end carmaker BMW tumbled in 2018, the firm said Friday, with trade headwinds and tough new EU emissions tests' drag on performance set to last into this year.
16 March 2019, 18:00 PM

Bank of Japan gloomier on economy but maintains policy

The Bank of Japan issued a more downbeat assessment of the world's third biggest economy Friday, as a broader global slowdown impacts exports and production.
16 March 2019, 18:00 PM

In San Francisco, tech boom has left people priced out of housing

In San Francisco, far from the picturesque, winding streets in the hills, a glistening skyscraper represents how the country's tech titans have transformed the city -- and made it one of the world's most expensive places to live.
16 March 2019, 18:00 PM

Facebook departure is a wake-up call for investors

Mark Zuckerberg's inner circle just got smaller. Chris Cox, the Facebook chief executive's long-time lieutenant and chief product officer, is quitting after Zuckerberg last week outlined a new direction for the $470 billion social network. It's hard to overstate how instrumental Cox has been. His departure is a wake-up call for investors.
16 March 2019, 18:00 PM

Airlines with buyers' remorse may use Boeing 737 MAX ban to revise orders

The grounding of Boeing's global 737 MAX fleet has brought headaches for airlines that need to find alternative aircraft to fly in their place, but it has given some carriers a welcome opportunity to re-evaluate orders for the plane.
16 March 2019, 18:00 PM

China approves foreign investment law, possible US olive branch

China's rubber-stamp parliament approved a foreign investment law on Friday that was fast-tracked and may serve as an olive branch in trade talks with the United States.
16 March 2019, 18:00 PM

Brazil airport auction tests investor confidence in Bolsonaro

Spain's Aena snapped up six airports in Brazil on Friday, in an auction seen as the first major test of foreign investor confidence in President Jair Bolsonaro's market-friendly agenda.
16 March 2019, 18:00 PM

US manufacturing sinks again in February: Fed

US manufacturing dropped sharply for the second consecutive month in February with across-the-board declines in nearly every category of product, the Federal Reserve reported Friday.
16 March 2019, 18:00 PM

IDB is first multilateral lender to recognise envoy of Venezuela's Guaido

The Inter-American Development Bank on Friday officially recognized the representative named by Venezuela's opposition leader Juan Guaido, the first multilateral institution to take that step.
16 March 2019, 18:00 PM

Fed to raise interest rates once more in third quarter, then done

The US Federal Reserve will remain patient for a little longer than thought just last month, waiting until the third quarter before raising rates once more, and then stay on the sidelines, a Reuters poll of economists showed.
16 March 2019, 18:00 PM

Amazon's second headquarters faces new blocks in Virginia funding vote

Amazon.com Inc's plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its first test when local officials vote on Saturday on a proposed financial package worth an estimated $51 million.
16 March 2019, 18:00 PM

Trump says he is in no rush to complete China trade deal

US President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations.
14 March 2019, 18:00 PM

US ups pressure on Europe over 5G infrastructure from China's Huawei

The US upped pressure on Europe Wednesday to avoid turning to Huawei for 5G telecom infrastructure, with a top commander saying NATO forces would cease communicating with their German colleagues if Berlin teams up with the Chinese firm.
14 March 2019, 18:00 PM

Frugal consumers, higher costs take fizz out of Japan's food stocks

Japan's food firms, once seen as a rare group of winners in the country's fight against deflation, are falling out of favor with investors as consumers reject price hikes on many household products.
14 March 2019, 18:00 PM