Giant UAE port operator posts rise in 2018 profit

Dubai port and logistics giant DP World said Thursday its net profit for 2018 rose over five percent on increased trade and higher returns from new acquisitions.
14 March 2019, 18:00 PM

China's industrial output slows, unemployment rises

China's industrial output slowed during the first two months of the year as unemployment rose, official data showed Thursday, while some indicators showed a slowdown in the world's second largest economy stabilising.
14 March 2019, 18:00 PM

Philadelphia says no to totally cashless future

With an increasing number of US businesses no longer accepting cash, Philadelphia -- the City of Brotherly Love -- is taking a stand to protect the so-called "unbanked" and will force merchants to accept greenbacks.
10 March 2019, 18:00 PM

Hyundai Motor in talks with investors to develop headquarters project

Hyundai Motor Co is in talks with potential investors to develop its new headquarters planned for the South Korean capital of Seoul to share additional investment costs worth about 3.7 trillion won ($3.27 billion), it said on Sunday.
10 March 2019, 18:00 PM

Northern Ireland firms warn of economic, social risks from no-deal Brexit

Northern Ireland businesses urged British lawmakers on Sunday to seek a compromise over the country's departure from the European Union and avoid the economic and social risks the province faces in crashing out of the bloc without a deal.
10 March 2019, 18:00 PM

US, China driving oil demand; no Opec policy change: Saudi minister

Saudi oil minister Khalid al-Falih said on Sunday that China and the US would lead healthy global demand for oil this year but that it would be too early to change OPEC+ output policy at the group's next meeting in April.
10 March 2019, 18:00 PM

Tesla says working on China import hiccup

Tesla said Wednesday it was working to resume imports of its new Model 3 sedan in China after the company said a labelling hiccup caused problems with customs.
6 March 2019, 18:00 PM

Australia's economy slows ahead of election

Australia's economic growth ground to a near halt in the second-half of 2018, official data showed Wednesday, thrusting the issue to the front and centre of an already contentious general election campaign.
6 March 2019, 18:00 PM

OECD lowers global growth forecast over trade tensions

Global trade tensions and political uncertainty are weighing on the world's economy, the OECD warned Wednesday, cutting its global growth forecast for this year to 3.3 percent, down from the 3.5 percent it predicted in November.
6 March 2019, 18:00 PM

Hyundai Motor may suspend its oldest factory in China

Hyundai Motor Co is considering suspending its oldest plant in China, it said on Wednesday, as the South Korean automaker reels from tumbling sales and massive overcapacity in its biggest market.
6 March 2019, 18:00 PM

Grab eyes more funding after record $4.5bn round

Grab is considering raising more funds from strategic investors, the president of Southeast Asia's top ride-hailing firm said, after raking in over $4.5 billion in the region's largest private financing round that included SoftBank's Vision Fund.
6 March 2019, 18:00 PM

Philip Morris paid for India manufacturing despite ban on foreign investment

Philip Morris International Inc has for years paid manufacturing costs to its Indian partner to make its Marlboro cigarettes,
6 March 2019, 18:00 PM

With Draghi's job eyed, ECB prepares for grand reshuffle

Euro zone leaders will have to pick a new president to lead the European Central Bank in the coming months, reshaping the 19-country currency bloc's most powerful institution.
6 March 2019, 18:00 PM

Japan govt leaves economy view unchanged as data weakens on China

Japan's government kept its assessment of the economy unchanged in February, but a series of weak data on corporate sentiment, capital expenditure and exports shows the US-China trade war is hurting the outlook for the world's third-largest economy.
21 February 2019, 18:00 PM

US, China sketch outlines of deal to end trade war

The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations.
21 February 2019, 18:00 PM

Barclays rebounds into profit in 2018

Barclays rebounded sharply into profit in 2018, as a vast hit from the previous year on the sale of its African business was not repeated, the British bank announced Thursday. The lender's performance came despite vast litigation costs and a new charge on the impact of mounting economic uncertainty over Brexit.
21 February 2019, 18:00 PM

Sony to beef up chip business with new engineers

Sony Corp said on Thursday it will assign 40 percent of its new engineer hires in Japan over the next two years to the chip business which includes imaging sensors, as it looks for growth from new applications in everything from cars to phones.
21 February 2019, 18:00 PM

Euro zone industry slips into contraction

Euro zone manufacturing slipped into contraction in February, as an industrial slump in Germany continued to weigh down on the European economy, a closely watched survey showed Thursday.
21 February 2019, 18:00 PM

Oil hovers near 2019 highs amid Opec cuts

Oil prices hovered around 2019 highs on Thursday, bolstered by Opec-led supply cuts and US sanctions on Venezuela and Iran, but were capped by slowing growth in the global economy.
21 February 2019, 18:00 PM

Remain or leave? Carmakers confront hard Brexit choices

In three cavernous former Royal Air Force hangars at an old airbase in Wales, luxury carmaker Aston Martin is forging ahead with construction of a new vehicle assembly plant.
21 February 2019, 18:00 PM