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

Amazon strikes deal with Apple to sell iPhones, iPads

Amazon.com Inc on Friday said it would carry more Apple Inc products globally in time for the holiday shopping season, as the technology rivals put aside past differences to boost sales.
10 November 2018, 18:00 PM

Thai businessman to buy Fortune magazine

Thai businessman Chatchaval Jiaravanon agreed Friday to buy Fortune magazine for $150 million in the latest deal for titles from the former Time Inc. family.
10 November 2018, 18:00 PM

UK economy picks up but slowdown looms before Brexit

Britain's economy has grown at the fastest pace in nearly two years as strong exports and solid household spending offset slumping business investment, data showed Friday awaiting a Brexit deal.
10 November 2018, 18:00 PM

China's factory gate inflation slips

China's factory inflation eased in October owing to slackening demand and a trade war with the United States, while consumer price inflation held steady, official data showed Friday.
10 November 2018, 18:00 PM

Quality issues hit iPhone X, MacBook

Apple Inc said on Friday it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free of charge.
10 November 2018, 18:00 PM

Russia clashes with Western oil buyers over new deals

Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions.
10 November 2018, 18:00 PM

India to sell 'enemy shares' of people who fled to Pakistan

India's government is to sell more than $400 million worth of shares left behind by people who fled to Pakistan or China after wars with those countries.
10 November 2018, 18:00 PM

Fed to reconsider 'stress capital buffer' plan: official

Randal Quarles, head of supervision at the Federal Reserve, said on Friday the central bank would re-propose aspects of a bank capital rule known as the “stress capital buffer” due to industry concerns.
10 November 2018, 18:00 PM

China's import expo logs $57.8b of deals

Around $57.83 billion worth of deals were agreed for the year ahead at the China International Import Expo (CIIE), the official China Daily said on Saturday.
10 November 2018, 18:00 PM

China launches aviation fuel index

China National Aviation Fuel Group on Saturday launched the country's first aviation fuel consumption index aimed at providing a fresh gauge for the regional and national economic health of the world's second-largest economy.
10 November 2018, 18:00 PM

Italy vows to keep euro despite Brussels standoff

Italy will not leave the eurozone, populist Deputy Prime Minister Luigi Di Maio said on Friday, despite a standoff with Brussels over Rome's big-spending budget.
10 November 2018, 18:00 PM

VW plans to sell electric Tesla rival for less than $23,000

Volkswagen intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla (TSLA.O) rivals, a source familiar with the plans says.
9 November 2018, 04:48 AM

Toshiba cuts 7,000 jobs

Japan's engineering giant Toshiba announced plans Thursday to slash 7,000 jobs and liquidate a unit building a UK nuclear power plant, leaving its fate in doubt.
8 November 2018, 18:08 PM

Mastercard, Visa losing out to local players in India: Jaitley

India's finance minister said on Thursday that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the US government that Prime Minister Narendra Modi was using nationalism to promote a local rival.
8 November 2018, 18:01 PM

US Fed on hold but investors await signals on inflation fears

No US economists believe the Federal Reserve will raise the all-important benchmark interest rate on Thursday but they are watching closely for any signals about how concerned the central bankers are about rising prices.
8 November 2018, 18:01 PM

German trade surplus narrows

Germany said Thursday its trade surplus narrowed in September compared to a month earlier, with exports falling more than imports at a time of high tensions in global commerce.
8 November 2018, 18:01 PM

Flipkart and Amazon not abusing market position in India: CCI

Amazon and its rival in India, the Walmart-owned Flipkart, did not break regulations through their selection of merchants and brands, the Competition Commission of India (CCI) said in a ruling late on Tuesday.
7 November 2018, 18:00 PM

Industrial production shows timid gain in Germany

German industrial production showed a slight gain in September following August's small recovery, official data showed Wednesday.
7 November 2018, 18:00 PM

BOJ policymaker signals chance of future rate hike

Higher long-term interest rates could help financial institutions by widening their margins, Bank of Japan board member Yukitoshi Funo said, signalling a rate hike could be a future option to ease pressure on banks' profits from prolonged policy easing.
7 November 2018, 18:00 PM