UK economy shows steady growth

Britain's economy appears to have kept up most of its steady growth in the July-September period, but uncertainty among companies remained high six months ahead of Brexit, a business survey showed on Wednesday.
3 October 2018, 18:00 PM

India's gold imports to jump as investors seek safer bets

India's gold imports may rise in the fourth quarter as investors seek alternatives to faltering equity markets and a plunging rupee at the same time traditional buying will rise during the festival season, said multiple sources involved in the market.
3 October 2018, 18:00 PM

SAIC-GM to recall 3.3m vehicles

US auto giant General Motors and its Chinese partner SAIC will recall 3.3 million vehicles in China over problems with their suspension system, in a fresh blow to GM as it braces for fallout from the China-US trade war.
2 October 2018, 18:00 PM

Brexit uncertainty weighs on Jaguar's electric car investment decision

Britain's biggest carmaker Jaguar Land Rover has yet to make an imminent decision on whether to build electric cars in its home market partly due to uncertainty over the final Brexit terms, its boss told Reuters on Tuesday.
2 October 2018, 18:00 PM

Australia central bank holds rates with inflation soft

Australia's central bank held interest rates at a record low on Tuesday even as the economy grows strongly, with officials taking into account soft inflation figures and weak wages growth.
2 October 2018, 18:00 PM

Pepsi tops quarterly revenue estimates on LatAm strength

PepsiCo Inc reported quarterly revenue above Wall Street estimates on Tuesday, as investments in marketing and developing new products for Latin America paid off.
2 October 2018, 18:00 PM

Amazon to raise minimum wage to $15 for US employees

Amazon.com Inc said on Tuesday it is raising its minimum wage to $15 per hour for all US employees including full-time, part-time, temporary and seasonal employees, starting Nov. 1.
2 October 2018, 18:00 PM

Samsung Electronics to post record Q3 profit

Samsung Electronics Co Ltd is set to post a hefty jump in third-quarter profit to record levels after its chip unit put in a sterling performance on demand from data centers and improved production yields.
2 October 2018, 18:00 PM

Trudeau sets out to sell Canadians on trade pact

Canada's Justin Trudeau Monday hailed a new continental trade pact with the United States and Mexico as "profoundly beneficial" for Canadians -- but the prime minister must now sell the deal to skeptical dairy farmers, unions and voters.
2 October 2018, 18:00 PM

Japan business confidence down for third straight quarter: BoJ

Confidence among Japan's biggest manufacturers has slipped for the third straight quarter, a key central bank survey showed on Monday, reflecting concern about trade wars and a string of natural disasters.
1 October 2018, 18:00 PM

India pumps in liquidity to ease cash crunch

The Reserve Bank of India (RBI) said on Monday it would pump 360 billion Indian rupees ($4.95 billion) into money markets in October in its latest attempt to stem fears of a cascading credit crunch,
1 October 2018, 18:00 PM

Opec oil output boost in Sep limited by Iran losses

Opec delivered only a limited increase in oil production in September, a Reuters survey has found, as a cut in Iranian shipments due to US sanctions offset higher output in Libya, Saudi Arabia and Angola.
1 October 2018, 18:00 PM

Electric cars cast growing shadow on profits

Electric cars are poised to arrive en masse in European showrooms after years of hyped concept-car launches and billions in investment by automakers and suppliers. Now comes the hard part: selling them at a profit.
1 October 2018, 18:00 PM

EU launches Asia strategy to rival China's 'new Silk Road'

As doubts grow over China's vast "Belt and Road" trade infrastructure project, the EU is launching an alternative plan for Asia that it says will not saddle countries with debt they cannot repay.
26 September 2018, 18:00 PM

Qatar to boost gas production amid regional rift

Qatar announced Wednesday plans to boost natural gas production for the second time since a Gulf diplomatic crisis erupted last year pitting the energy-rich emirate against a rival Saudi-led bloc.
26 September 2018, 18:00 PM

India looking for investors to back strategic oil reserves

India will start international road shows next month seeking potential investors for the second phase of its strategic oil reserves estimated to cost nearly $2 billion, the head of the operator of country's reserves said on Wednesday.
26 September 2018, 18:00 PM

Cinemas and fast fashion: Reforms change Saudi shopping habits

Saudi Arabia's malls and bazaars are changing as retailers embrace a shift in shopping habits brought about by reforms to diversify the economy away from oil.
26 September 2018, 18:00 PM

US would lose out in trade war against the world: ECB

Economic activity in the United States could fall more than two percent within a year if Washington launched a trade war on a wide front, European Central Bank researchers suggested Wednesday.
26 September 2018, 18:00 PM

China to boost $3.8tr digital economy

China on Wednesday pledged to expand its $3.8 trillion digital economy and create jobs in new sectors such as big data and artificial intelligence (AI) as the world's second-biggest economy looks to shift away from a reliance on polluting heavy industries.
26 September 2018, 18:00 PM

Italy budget will include basic income, lower retirement

Economy Minister Giovanni Tria said on Wednesday Italy's 2019 budget would include a basic income for the poor and allow people to retire earlier, meeting demands from the ruling coalition parties.
26 September 2018, 18:00 PM