German unemployment hits fresh record low

Joblessness in Germany fell to a new historic low in November, official data showed Thursday, as employers shrugged off a darkening economic outlook to keep hiring.
29 November 2018, 18:00 PM

Deutsche searched in money laundering probe over Panama Papers

Around 170 police officers, prosecutors and tax inspectors searched six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations, the Frankfurt public prosecutor's office said in a statement.
29 November 2018, 18:00 PM

Ghosn arrest lays bare frustration at Nissan

With Carlos Ghosn's arrest, frustrations over the tycoon's management style have burst into the open within Nissan, with some staff also weary of playing second fiddle to Renault and its French-state backers.
29 November 2018, 18:00 PM

Swiss economy stumbles in third quarter

Switzerland's economy abruptly went into reverse in the third quarter, contracting by 0.2 percent, with exports tumbling and even the country's vaunted financial sector seeing growth halt.
29 November 2018, 18:00 PM

Microsoft's stock market value pulls ahead of Apple's

Microsoft Corp's stock market value surpassed Apple Inc's, pulling ahead by as much as $3 billion on Wednesday as the Windows software maker benefited from optimism about demand for cloud computing services.
29 November 2018, 18:00 PM

German consumer confidence clouds over in December

The mood among German consumers is tipped to pall slightly in December, suffering a hangover from weaker third-quarter growth, a forward-looking survey predicted Wednesday.
28 November 2018, 18:00 PM

US consumer confidence dips in Nov but still strong: survey

American consumers remain very upbeat about the US economy and prospects for employment into 2019, despite dipping from a record level in October, according to a survey released Tuesday.
28 November 2018, 18:00 PM

Loan growth to eurozone businesses slows in Oct

Growth in lending to businesses in the 19-nation euro area slowed in October, European Central Bank data showed Wednesday, in a further sign of stuttering expansion in the bloc.
28 November 2018, 18:00 PM

China to widen market access for foreign investors: Xi

China will widen market access for foreign investors and step up protection of intellectual property rights, China's President Xi Jinping said on Wednesday ahead of the G20 meeting of world leaders in Argentina.
28 November 2018, 18:00 PM

Indian govt to run power play at next RBI board meeting

For all the cordiality on show at the end of Reserve Bank of India's last board meeting, tensions could re-surface when it next gathers on Dec. 14 as the government aims to ramp up pressure for changes in the way the central bank operates.
28 November 2018, 18:00 PM

UK govt, Bank of England to spell out no-deal Brexit risks for economy

The British government and the Bank of England are set to step up their warnings on Wednesday of a big hit to the economy from a no-deal Brexit, potentially helping Prime Minister Theresa May tackle deep opposition to her plan.
28 November 2018, 18:00 PM

Trade war raises questions for US sports in China

Senior executives of American sports trying to grow their businesses in China said they are keeping a close eye on developments as a trade war brews between the two superpowers.
28 November 2018, 18:00 PM

Dutch to tighten tax rules for multinationals

The Netherlands said it will tighten rules on tax breaks for foreign firms after facing criticism from the EU for offering complicated schemes for multinationals.
28 November 2018, 18:00 PM

Bitcoin gains

Bitcoin bounced more than 6 percent on Wednesday, climbing above $4,000 and heading for its biggest daily jump since July as it clawed back ground after recent heavy selling.
28 November 2018, 18:00 PM

Unilever to bid for GSK's Indian Horlicks business

Unilever PLC has emerged as the leading bidder in a tight contest for GlaxoSmithKline PLC's Indian Horlicks nutrition business, two people familiar with the situation told Reuters on Wednesday.
28 November 2018, 18:00 PM

S Arabia nabs new China oil demand, challenges Russia's top spot

SAUDI Arabia is set to expand its market share in China this year for the first time since 2012, with demand stirred up by new Chinese refiners pushing the kingdom back into contention with Russia as top supplier to the world's largest oil buyer.
28 November 2018, 18:00 PM

Auditor had questioned payments to Ghosn

Nissan Motor Co's auditor had repeatedly questioned transactions at the heart of allegations of financial misconduct by former chief Carlos Ghosn but Nissan said they were proper, a person with direct knowledge of the matter said on Wednesday.
28 November 2018, 18:00 PM

Trump open to deal with Xi but with conditions

US President Donald Trump is open to reaching a deal on US-China trade irritants over dinner on Saturday with Chinese leader Xi Jinping but is ready to hike tariffs on Chinese imports if there is no breakthrough, White House economic adviser Larry Kudlow said on Tuesday.
28 November 2018, 18:00 PM

Citibank NA celebrates 30th anniversary

Citibank NA recently celebrated its 30th anniversary of providing financial services and product solutions across an Institutional Clients Group in Bangladesh, says a press release.
27 November 2018, 18:00 PM

H&M to close down struggling Cheap Monday brand

H&M, the world's second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday.
27 November 2018, 18:00 PM