IMF to gather in Indonesia to focus on global economic tremors

Rising protectionism, vulnerable emerging markets and record debt levels: The IMF holds its annual meeting this week in earthquake-stricken Indonesia, as it shines a light on tremors in the global economy.
7 October 2018, 18:00 PM

China to cut reserve requirement ratio for fourth time

China's central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by one percentage point, the fourth time this year the country has sought to free up credit for businesses as they face down $250 billion in US tariffs.
7 October 2018, 18:00 PM

SoftBank to invest $500m in ride-hailing firm Grab

SoftBank Group Corp is closing in on a deal to invest about $500 million in Grab as part of roughly $1 billion that Southeast Asia's biggest ride-hailing firm is seeking in its latest funding, sources with knowledge of the matter said.
7 October 2018, 18:00 PM

India may be forced to delay Axis Bank stake sale

India may be forced to delay selling its stake in Axis Bank Ltd because of a weak stock market, The Economic Times newspaper reported on Saturday, citing unnamed market sources and an investment banker aware of the development.
7 October 2018, 18:00 PM

Cadillac edges Tesla in semi-automated driving test

General Motors Co's Cadillac outscored Tesla Inc in a new ranking of partially automated driving systems tested by Consumer Reports and released on Thursday.
4 October 2018, 18:00 PM

Bangladesh seeks revival of silk industry

Bangladesh's silk industry is one of the oldest in the world, with farmers in the northwestern border district of Rajshahi producing some of the most sought-after silk yarns.
4 October 2018, 18:00 PM

Apple, Amazon deny Bloomberg report on Chinese hardware attack

Apple Inc and Amazon denied a Bloomberg report on Thursday that their systems contained malicious computer chips inserted by Chinese intelligence, statements from the tech companies released separately by Bloomberg showed.
4 October 2018, 18:00 PM

Argentina to get 30 cryptocurrency ATMs

Argentina could get up to 30 automated teller machines that buy and sell bitcoin by the end of the year, industry representatives said, an expansion of the cryptocurrency market amid an economic crisis that has seen the peso's value tumble.
4 October 2018, 18:00 PM

Tariffs won't dent US Santa spending this year

Tariffs won't play the Grinch this Christmas, as US stores should have a solid holiday shopping season amid a strong economy, the National Retail Federation said Thursday.
4 October 2018, 18:00 PM

India’s services sector activity drops to four-month low

Activity in India's dominant services sector eased to a four-month low in September on dwindling demand, while intensifying price pressures pointed to a bumpy road ahead, a private survey showed on Thursday.
4 October 2018, 18:00 PM

IMF chief urges 'revamp' of Japan economic policy

The head of the IMF Thursday called for an overhaul of Japan's economic policy, as the world's third-biggest economy battles stubborn low inflation, sluggish growth and a rapidly ageing population.
4 October 2018, 18:00 PM

Italy to cut deficit from 2020

Italy's populist government will cut its budget deficit targets from 2020, Economy Minister Giovanni Tria said on Wednesday, after investors sold off Italian assets and European Union ministers criticized its plans to jack up spending next year.
3 October 2018, 18:00 PM

GM, Cruise, Honda to develop autonomous vehicles jointly

General Motors and Honda have joined forces with the tech firm Cruise to develop autonomous vehicles as the race to market self-driving cars continues, the companies announced Wednesday.
3 October 2018, 18:00 PM

After lean years, Big Oil is under pressure to spend

Executives at the world's biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity.
3 October 2018, 18:00 PM

India set to raise support prices for winter crops amid farmer anger

India's cabinet is set to raise the state-mandated prices for winter-sown crops such as wheat later on Wednesday, two government sources said, as Prime Minister Narendra Modi tries to tackle rising discontent among farmers amid a price slump.
3 October 2018, 18:00 PM

Fed braces for next crisis

The Federal Reserve painted a picture of the US economy that was almost too good to be true at its last meeting, with inflation seen contained in the near future despite the lowest unemployment rate in 20 years.
3 October 2018, 18:00 PM

Turkey inflation hits 24.5pc in Sep

The annual inflation rate in Turkey rose to nearly 25 percent in September, official statistics showed on Wednesday, as the Turkish lira remains weak against the US dollar despite a sharp interest rate hike last month.
3 October 2018, 18:00 PM

Aston Martin skids on market debut

Shares in luxury automaker Aston Martin fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over its ability to deliver an ambitious roll-out of new models.
3 October 2018, 18:00 PM

US car sales slump but Fiat Chrysler surges

Almost all major auto makers reported North American sales declines on Tuesday, meeting analyst expectations for a pull-back by consumers in the second half of the year.
3 October 2018, 18:00 PM

Japan's output exceeds capacity

Japan's economic output exceeded its full capacity by the most in more than a decade in the second quarter, a hopeful sign for inflation as policymakers bet a strengthening economic recovery will help accelerate consumer prices to their 2 percent target.
3 October 2018, 18:00 PM