HSBC warms up to India ahead of general polls

Brokerage firm HSBC upgraded Indian equities to “neutral” from “underweight” on Tuesday, saying valuations were more reasonable, investors' holdings were very low and strong earnings growth would continue next year.
27 November 2018, 18:00 PM

Saudi Aramco aims to become gas exporter with $150b investment drive

Saudi Aramco's gas expansion strategy needs $150 billion worth of investments over the next decade as the company plans to increase output and become an exporter, its chief executive said on Tuesday.
27 November 2018, 18:00 PM

From superstar to suspect: Carlos Ghosn's crazy week

When Carlos Ghosn's private Gulfstream jet touched down at Tokyo's Haneda Airport at around 4:35pm on Monday, November 19, the millionaire auto tycoon had an unexpected welcoming committee: an elite unit of prosecutors.
27 November 2018, 18:00 PM

Financial firms not getting basics right on cyber: UK watchdog

Britain's Financial Conduct Authority will punish firms that are failing to get the basics right on cyber defences, or whose botched IT projects harm consumers, a senior official at the markets watchdog said on Tuesday.
27 November 2018, 18:00 PM

Oil slips on record Saudi output

Oil prices slipped on Tuesday, weighed down by record Saudi Arabian production even as OPEC's top producer pushes for supply cuts ahead of the group's meeting in Austria next week.
27 November 2018, 18:00 PM

Wave of refinery shutdowns may push India into importing fuel

A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels.
27 November 2018, 18:00 PM

Ericsson sees 5G subscriptions hitting 1.5b in 2024

Swedish mobile network telecom gear maker Ericsson sees 5G subscriptions growing by 50 percent in 2024 to 1.5 billion, covering more than 40 percent of the world's population.
27 November 2018, 18:00 PM

Ex-IMF chief Rato in dock again in major Bankia trial

A mega-trial harking back to the dark years of Spain's economic crisis kicks off Monday over the alleged fraudulent 2011 listing of financial giant Bankia, with former IMF leader Rodrigo Rato in the dock.
25 November 2018, 18:00 PM

China's economic growth seen slowing to 6.3pc next year

China's economic growth is expected to hit 6.6 percent this year and slow to 6.3 percent in 2019 as the country struggles with challenges relating to trade and structural reform, economists from Beijing's Renmin University said in a report.
25 November 2018, 18:00 PM

Ex-Nissan chief Ghosn denies allegations

Nissan's former chairman Carlos Ghosn has denied allegations of financial misconduct, claiming he had no intention of making false reports, Japanese media said Sunday.
25 November 2018, 18:00 PM

Malaysia says Najib's office ordered changes to 1MDB audit report

The office of former Malaysian premier Najib Razak ordered changes to a 2016 audit report of scandal-plagued state fund 1MDB, including removing mention of financier Low Taek Jho's presence at a board meeting, authorities said.
25 November 2018, 18:00 PM

Egypt says US oil firms show appetite for offshore projects

Egypt sees increasing interest from US energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due before year-end, Petroleum Minister Tarek El Molla said.
25 November 2018, 18:00 PM

Black Friday: US shoppers choose online shopping over mall

The Thanksgiving Day and Black Friday kickoff of the US holiday shopping season showed the increasing preference for online purchases, as more Americans opted to stay home and use their smartphones while sales and traffic at brick-and-mortar stores declined.
25 November 2018, 18:00 PM

G20, forged in crisis, faces major test next week: Trump

When G20 world leaders met for the first time in 2008 their mission was a desperate one - to rescue the global economy from the worst financial crisis in more than 70 years. They were successful.
24 November 2018, 18:00 PM

Buffett-backed Chinese automaker BYD suspends plan for Canada plant

China's BYD Co Ltd has put plans to open its first Canadian electric truck plant on hold but could revive the project when the electric vehicle maker sees a business case, a company executive said.
24 November 2018, 18:00 PM

Oil prices collapse

Oil prices slumped Friday to lows not seen since last year as concerns over high crude supplies triggered massive selling, dealers said.
24 November 2018, 18:00 PM

Eurozone business growth hits four-year low: Markit

Business growth in the 19-nation eurozone pulled back in November to its slowest rate in nearly four years, as exports weakened, a closely watched survey showed Friday.
24 November 2018, 18:00 PM

Samsung Electronics apologises for factory cancer cases

Samsung Electronics apologised Friday to workers who developed cancer after working at some of its factories, finally ending a decade-long dispute at the world's top chipmaker.
24 November 2018, 18:00 PM

Nissan CEO tells staff he feels 'dismay' at Ghosn scandal

Nissan chief Hiroto Saikawa spoke of his "resentment and dismay" at revelations of misconduct by former company chief Carlos Ghosn in a letter to company employees.
24 November 2018, 18:00 PM

Climate change could cost US 'hundreds of billions' a year: study

Climate change is already hurting the global economy and will cost the US hundreds of billions of dollars annually by century's end unless drastic action is taken to cut carbon emissions, a major US government report warned on Friday.
24 November 2018, 18:00 PM