German industrial output falls

German industrial output unexpectedly fell in December for the fourth consecutive month, data showed on Thursday, sending another signal that growth in Europe's biggest economy is weakening.
7 February 2019, 18:00 PM

India's central bank cuts key rate

In a surprise move, the Reserve Bank of India yesterday cut the benchmark interest rate by 25 basis points to 6.25 percent on expectation of inflation staying within its target range.
7 February 2019, 18:00 PM

Volvo Cars feels margin pressure from US-China tariff war

Chinese-owned Volvo Cars reported a fall in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its main market China.
7 February 2019, 18:00 PM

ADB gives $50m for development of microenterprise

The government and the Asian Development Bank (ADB) yesterday signed an agreement for a $50 million loan to promote microenterprise development for inclusive economic growth and poverty reduction.
6 February 2019, 18:00 PM

India now world's second largest LPG consumer

India has become the world's second largest liquefied petroleum gas (LPG) consumer following the government's aggressive push to provide clean cooking fuel to every household, Indian Oil Secretary MM Kutty said on Tuesday.
6 February 2019, 18:00 PM

Facing crackdown in Canada, drugmakers offered billions in price cuts

Canadian pharmaceutical industry lobby groups, in an effort to head off a planned crackdown on prescription drug prices, offered to give up C$8.6 billion ($6.6 billion) in revenue over 10 years, freeze prices or reduce the cost of treating rare diseases, according to interviews and documents seen by Reuters.
6 February 2019, 18:00 PM

Rupee the 'whipping boy', but to dodge record low

The Indian rupee is set to underperform against the dollar again this year, weighed down by uncertainty ahead of a national election in May, but is unlikely to retest life-time lows, a Reuters poll showed.
6 February 2019, 18:00 PM

Gold steady as Trump speech stokes fears of govt shutdown

Gold prices held firm on Wednesday after US President Donald Trump, in his State of the Union speech, vowed to build a border wall and gave little clarity over the ongoing trade discussions with China, but a firmer dollar capped bullion's gains.
6 February 2019, 18:00 PM

German industrial orders slip in December

Industrial orders in Germany fell back in December, official data showed Wednesday, in the latest sign of slowdown in Europe's largest economy.
6 February 2019, 18:00 PM

Tesla cuts Model 3 price for second time this year

Tesla Inc said on Wednesday it was lowering the price of its Model 3 sedan for the second time this year, moves that come in the wake of Tesla losing a tax credit that made its cars more affordable for US buyers.
6 February 2019, 18:00 PM

France to tighten 5G security: minister

France will soon make proposals to reinforce the security of mobile telephone networks, Economy Minister Bruno Le Maire said Wednesday after the US stepped up pressure on Europe to block China's Huawei from building 5G networks.
6 February 2019, 18:00 PM

China says US report on its WTO compliance lacks factual basis

China opposes a report by the US Trade Representative's office on its World Trade Organization (WTO) compliance, the commerce ministry said, saying it is inconsistent with the facts.
6 February 2019, 18:00 PM

EU derails train-maker merger, reaping France's fury

The EU's powerful anti-trust sheriff, Margrethe Vestager, vetoed the merger of the Siemens-Alstom rail businesses on Wednesday, in defiance of Germany and France.
6 February 2019, 18:00 PM

Bet everything on electric: Inside Volkswagen's radical strategy shift

If Volkswagen realizes its ambition of becoming the global leader in electric cars, it will be thanks to a radical and risky bet born out of the biggest calamity in its history.
6 February 2019, 18:00 PM

Red ink alert: Hundreds of Chinese firms warn on profits

Hundreds of listed Chinese companies have slashed their forecasts for 2018 earnings this week in a sign that an economic slowdown and worries over US-China trade friction are beginning to bite.
31 January 2019, 18:00 PM

S Korea to combine world's two biggest shipbuilders

Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.
31 January 2019, 18:00 PM

Central banks buy most gold since 1967

A surge in gold purchases by central banks to the highest since 1967 helped push global demand for the metal up 4 percent last year, the World Gold Council (WGC) said on Thursday.
31 January 2019, 18:00 PM

H&M blames online investment for latest profit decline

Sweden's H&M disappointed investors with a 10 percent tumble in quarterly profit, the world's second largest fashion retailer blaming investment aimed at boosting its online business for the decline.
31 January 2019, 18:00 PM

India's jobless rate hit 45-year high in 2017-18

An official survey that has been withheld by the government shows India's unemployment rate rose to a 45-year high during 2017-2018, the Business Standard newspaper reported on Thursday, delivering a blow to Prime Minister Narendra Modi just months before what is expected to be a closely fought general election.
31 January 2019, 18:00 PM

Italy slides into recession

The Italian economy contracted in the fourth quarter of 2018, dragged down by slowing European growth and global trade tensions, plunging the country into a technical recession, official data showed Thursday.
31 January 2019, 18:00 PM