Pakistan gets a boost of confidence but IMF bailout still on the cards

The Pakistani finance minister's bullish comments declaring the end of an economic crisis have bolstered confidence ahead of crunch talks with the International Monetary Fund on Wednesday, but the country is still likely to need a bailout.
7 November 2018, 18:00 PM

Higher prices, lending curbs dim Diwali festival for Indian retailers

Higher prices, lending curbs and a move to online shopping are denting the cheer for Indian retailers at this year's Diwali Hindu festival, with lackluster sales for high-end items ranging from iPhones to cars and even gold.
7 November 2018, 18:00 PM

A tough road ahead for India's battered rupee

There will be little respite for the bruised Indian rupee over the coming year, depressed by an escalating US-China trade war and rising domestic political risks ahead of a general election, a Reuters poll showed.
1 November 2018, 18:00 PM

World food prices fall

World food prices fell 0.9 percent in October from the month before, reflecting lower values for meat, dairy and oils, the United Nations food agency said on Thursday.
1 November 2018, 18:00 PM

UK, EU close to Brexit deal on financial services

A deal giving London, the world's largest centre of international finance, basic access to European Union financial markets after Brexit is nearly done, a British official said.
1 November 2018, 18:00 PM

Bank, govt feud threatens India's economy: analysts

A rift between India's government and central bank threatens to derail Asia's third-largest economy as it grapples with a perfect storm of problems including a plummeting rupee and cripplingly high fuel prices, analysts warn.
1 November 2018, 18:00 PM

Chinese president admits 'uncertainty' in economy

President Xi Jinping sought to reassure Chinese entrepreneurs at a meeting Thursday with promises to prop up private firms with lower taxes and more funding, as he acknowledged uncertainty in China's economy.
1 November 2018, 18:00 PM

Trade war impact deepens across Asia

The economic impact of the intensifying trade war between Washington and Beijing appeared to deepen last month with factory activity and export orders weakening across Asia, but analysts warned the worst was yet to come.
1 November 2018, 18:00 PM

To make more Ram trucks, Fiat Chrysler reconsiders Mexico

Fiat Chrysler Automobiles NV's new CEO is tired of being No. 3 in US pickup truck sales.
29 October 2018, 18:00 PM

HSBC profits up 28pc at $5.9b in Q3

Banking giant HSBC said on Monday that pre-tax profit rose 28 percent to $5.92 billion in the third quarter, boosted by "strong revenue growth" in its main global businesses.
29 October 2018, 18:00 PM

Chinese traders play down impact of new animal feed guidelines on soy demand

Oilseed traders in China on Monday played down the potential impact on soy consumption of new government guidelines to lower the protein content of animal feed, saying that rising soymeal and soybean prices would be a far bigger curb on appetite.
29 October 2018, 18:00 PM

Daimler doesn't rule out future cooperation with Tesla

Daimler AG does not rule out cooperating with Tesla Inc in future even though the German luxury car producer sold its stake in the US electric vehicles company, Daimler's chief executive told a Polish newspaper.
29 October 2018, 18:00 PM

IBM to acquire software company Red Hat for $34b

IBM Corp said on Sunday it had agreed to acquire US software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services.
29 October 2018, 18:00 PM

After years of global success, Reliance Industries faces oil shock at home

Reliance Industries, currently India's second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home market.
29 October 2018, 18:00 PM

US firms face tariff-fuelled price hikes, labour shortages

US firms nationwide complain trade disputes with China and others are boosting the prices of key inputs, while they continue to face widespread labour shortages, the Federal Reserve said Wednesday.
25 October 2018, 18:00 PM

German business confidence slips on global uncertainty

A closely-watched survey of German businesses showed falling confidence Thursday, the Munich-based Ifo institute said, as the eurozone's largest economy faces gathering clouds over the single currency area.
25 October 2018, 18:00 PM

IndiGo posts first loss as costs soar

Leading Indian airline IndiGo reported its first quarterly loss as a listed company Wednesday as rising oil costs and a weak rupee erode the profitability of India's carriers.
24 October 2018, 18:00 PM

Target's holiday shipping option beats Amazon, Walmart

Target Corp, aiming to one-up retail rivals during the upcoming US holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at local stores.
24 October 2018, 18:00 PM

Apple’s CEO takes aim at 'weaponisation' of user data

Apple Chief Executive Tim Cook said on Wednesday customer data was being “weaponized with military efficiency” by companies to increase profit.
24 October 2018, 18:00 PM

Deutsche Bank profits slump in third quarter

Profits at Germany's biggest lender Deutsche Bank tumbled in the third quarter, the group said Wednesday, but its chief executive said the long-troubled institution was on its way back to profitability.
24 October 2018, 18:00 PM