Millennials to bring holiday shopping cheer

As the US holiday shopping season kicked off Friday, retailers were looking to an unexpected savior to keep the tills humming: millennials.
24 November 2018, 18:00 PM

UK business breathes sigh of relief at draft Brexit deal

British businesses breathed a sigh of relief after the cabinet on Wednesday gave its backing to a draft Brexit deal that still faces numerous hurdles in Brussels and London.
15 November 2018, 18:00 PM

China sends written response to US trade reform demands

China has delivered a written response to US demands for wide-ranging trade reforms, three US government sources said on Wednesday, a move that could trigger more formal negotiations to resolve a withering trade war between the world's top economies.
15 November 2018, 18:00 PM

Indonesia surprises with rate hike after weak trade data

Indonesia hiked interest rates again Thursday as weak trade data and a slumping currency prompted the central bank to boost borrowing costs for the sixth time this year.
15 November 2018, 18:00 PM

Asia rice: Indian rates up on firmer rupee; Thai harvest to shore up stocks

Rice prices in top-exporter India nudged higher this week as the rupee firmed, while Thai exporters eyed fresh demand from the Philippines amid expectations of an increase in seasonal supply.
15 November 2018, 18:00 PM

Emirates’ half-year profit slides 86pc on oil hike

Emirates Airline on Thursday posted an 86 percent drop in half-year profits as the Middle East's leading carrier was hit by a hike in oil prices and currency devaluations.
15 November 2018, 18:00 PM

Swiss watchdog probes banks over alleged payments system boycott

Switzerland's competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS, to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay.
15 November 2018, 18:00 PM

Italy wants EU 'flexibility' over budget

Italy's populist government said the EU must show flexibility over its big-spending budget because the country had to cope with a series of natural disasters, including floods and a deadly bridge collapse in Genoa.
14 November 2018, 18:00 PM

IMF's Lagarde sees case for central bank digital currency

With growing innovation in the financial sector and a move towards a cash-less society, there is a role for central banks to enter the world of digital currencies, IMF chief Christine Lagarde said Wednesday.
14 November 2018, 18:00 PM

Labour woes force Japan to prise open door to migrant workers

Ageing Japan is reluctantly attempting to prise open its doors to migrant workers as it battles serious labour shortages, raising the hackles of conservatives worried about mass immigration.
14 November 2018, 18:00 PM

28-year-old Malaysian listed on Forbes 30 under 30

A 28-year-old Malaysian entrepreneur has been listed under the Forbes 30 under 30 for her achievements in developing a non-toxic skincare line for children.
14 November 2018, 05:11 AM

German investors gloomy in November

German investor confidence remained gloomy in November, a closely watched survey found Tuesday, as headwinds from trade tensions and Brexit fuel concern of a "weak" outlook for Europe's powerhouse economy.
13 November 2018, 18:00 PM

China October loan data disappoints

China's credit growth slowed sharply in October, despite pressure by regulators on banks to help keep cash-starved companies afloat, pointing to further weakening in the economy in coming months.
13 November 2018, 18:00 PM

Opec warns of 2019 oil glut

Opec warned on Tuesday that an oil supply glut could emerge in 2019 as the world economy slows and supply from rival producers rises more quickly than expected, building a case for cutting output at a meeting next month.
13 November 2018, 18:00 PM

Tata in active talks to buy majority stake in Jet Airways

Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier.
13 November 2018, 18:00 PM

Gas to overtake coal as second largest energy source by 2030: IEA

Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.
13 November 2018, 18:00 PM

Alibaba Singles' Day sales hit $10b in first hour

Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles' Day on Sunday, up roughly 21 percent from last year's early haul of 57 billion yuan.
11 November 2018, 18:00 PM

China-backed trade deal takes centre stage at summit as US retreats

World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda.
11 November 2018, 18:00 PM

EU envoy heads to US to clarify trade deal plans

The EU's top trade negotiator Cecilia Malmstrom heads to Washington next week in an effort to nail down the parameters of a US trade deal, with both sides at loggerheads over what should be included.
10 November 2018, 18:00 PM

Dollar climbs toward 16-month high

The U.S. dollar rose toward a 16-month high against the euro on Friday after the U.S. Federal Reserve kept interest rates steady and reaffirmed its monetary tightening stance, setting up for a fourth interest rate hike this year in December.
10 November 2018, 18:00 PM