Saudi Arabia pledges $3b to Pakistan amid BoP crisis

Saudi Arabia on Tuesday pledged $3 billion to Pakistan as the South Asian country battles a balance of payment crisis, a statement from Islamabad said.
24 October 2018, 18:00 PM

Euro zone businesses hit brakes as trade war stalls growth

Euro zone business growth slowed much faster than expected this month, dragged down by waning orders that put a big dent in confidence, adding to evidence the bloc's halcyon days are behind it for now, a survey showed.
24 October 2018, 18:00 PM

A banker's woe: Chinese wealth may get harder to snag for global bankers

News of a foreign wealth manager being denied exit from China last week is raising concerns for global private banks, as they seek to tap trillions of dollars of wealth offshore in the face of Beijing's growing curbs on overseas investments and outflows.
24 October 2018, 18:00 PM

UK traders 'out of time' to cope with no-deal Brexit: govt audit

UK businesses have run out of time to prepare for the consequences of Britain leaving the European Union in March without an exit deal, a government audit showed on Wednesday.
24 October 2018, 18:00 PM

Boeing profits surge after tax settlement

Boeing's profits surged in the third quarter after a favorable US tax settlement, and the company raised some key annual projections on Wednesday as its order book stayed robust.
24 October 2018, 18:00 PM

Oil falls

Oil prices dropped on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of US sanctions on Iran's crude exports that start next month.
23 October 2018, 18:00 PM

Pakistan PM seeks loans to reservice debts, investments

Pakistan is seeking loans from the International Monetary Fund (IMF) and friendly countries to reservice debt and shore up its economy, prime minister Imran Khan said on Tuesday.
23 October 2018, 18:00 PM

Wall Street greets bitcoin with interest and worry

Bitcoin may be the fraud of the century, depending on whom you believe, or it could be a gold mine for early adopters.
23 October 2018, 18:00 PM

Japan PM heads to China looking for economic common ground

Japan's Prime Minister Shinzo Abe makes a rare trip to China this week hoping improved relations will lead to new economic partnerships, as the two countries come under US pressure on trade.
23 October 2018, 18:00 PM

Saudi signs $50b deals in oil, gas and infrastructure

Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said.
23 October 2018, 18:00 PM

European banks report easier lending

Banks in the 19-nation eurozone reported easing access to credit between July and September, European Central Bank data showed Tuesday as it nears the end of a massive economic stimulus programme.
23 October 2018, 18:00 PM

Bullish City of London stays confident as Brexit nears

London's powerhouse financial district fretted over a brain drain when the country voted for Brexit, but its leading players are now convinced of one thing: the City will win.
22 October 2018, 18:00 PM

Global growth outlook for 2019 dims for first time

The outlook for global growth in 2019 has dimmed for the first time, according to Reuters polls of economists who said the US-China trade war and tightening financial conditions would trigger the next downturn.
22 October 2018, 18:00 PM

Gold prices dip

Gold fell on Monday as rising stock markets pointed to improved investor appetite for risk, with a slightly firmer dollar also sapping bullion's appeal.
22 October 2018, 18:00 PM

German growth could rebound after weak Q3

Germany's economy struggled in the third quarter on a dip in car manufacturing but the drivers of its recent expansion remain in place, so growth should rebound in the final three months of the year, the Bundesbank said on Monday.
22 October 2018, 18:00 PM

Philips posts mixed results in Q3

Dutch electronics giant Philips, which is focusing its business on medical equipment and services, on Monday posted higher third quarter sales but profits dipped due to currency headwinds.
22 October 2018, 18:00 PM

Japan firms fined $3.4m over maglev bid-rigging

Two major construction companies were Monday ordered to pay fines totalling more than $3 million for colluding to win contracts on Japan's multi-billion-dollar maglev project.
22 October 2018, 18:00 PM

New trade pact leaves most US industry at mercy of Mexico's courts

The new North American trade agreement ends key legal protections for many US businesses operating in Mexico, leaving their operations exposed to a risk they had avoided under the old trade deal: Mexico's court system.
22 October 2018, 18:00 PM

Audi's electric SUV faces four-week delay

Audi's first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for the German luxury car brand said on Sunday.
21 October 2018, 18:00 PM

China says it must balance stable growth and risk prevention

China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country's cabinet, said on Sunday following a meeting of top economic and financial policymakers.
21 October 2018, 18:00 PM