BMW drives to cut battery costs, share costs on autonomous vehicles

German luxury vehicle maker BMW AG plans more deals with mining companies to secure electric vehicle battery materials, and is open to forming alliances to share the costs of developing autonomous-vehicle systems, the automaker's research and development chief told Reuters.
16 September 2018, 18:00 PM

Turkish central bank raises maximum credit card rates from October

Turkey's central bank said on Sunday it was raising the maximum interest rate credit card lenders can charge each month to 2.25 percent for Turkish lira and 1.80 percent for foreign exchange transactions.
16 September 2018, 18:00 PM

G20 trade ministers say WTO reform urgent as new US tariffs loom

Trade and investment ministers from G20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organisation, a joint statement said on Friday.
15 September 2018, 18:00 PM

Trump readies tariffs on $200b more Chinese goods despite talks

US President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin's attempts to restart trade talks with China, a source familiar with the matter said on Friday.
15 September 2018, 18:00 PM

Gold prices: India shifts to discount

Physical gold buying waned in major Asian centres this week as bullion prices rebounded from recent lows, with dealers in India offering the metal at a discount for the first time in over a month as an uptick in local rates moderated demand.
15 September 2018, 18:00 PM

US retail sales slow, but exhibit underlying strength

US retail sales recorded their smallest gain in six months in August as consumers cut back on purchases of motor vehicles and clothing, but upward revisions to July data kept intact expectations of strong economic growth in the third quarter.
15 September 2018, 18:00 PM

Let Accord operate till task ends

Some 153 global investors representing $2.8 trillion in assets have called for the continuation of the Bangladesh Accord for Fire and Building Safety (Accord) until it completes its mandate and government agencies are able to assume its responsibilities.
15 September 2018, 18:00 PM

New York sues US to stop fintech bank charters

New York state's top banking regulator on Friday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and put vulnerable consumers at risk.
15 September 2018, 18:00 PM

French central bank trims 2018 growth forecast

The French economy is expected to expand by 1.6 percent this year, the country's central bank said Friday, well short of the 2 percent goal originally set by the government for this year.
15 September 2018, 18:00 PM

New Apple watch could take bite out of Swiss market

The Swiss watch industry faces an increased threat from a new Apple Watch able to detect heart problems that is likely to appeal to older shoppers, industry experts said on Thursday.
15 September 2018, 18:00 PM

India outlines series of measures to stem declines in rupee

The Indian government late on Friday announced a slew of steps aimed at stemming a steep decline in the rupee, which has fallen rapidly this year, and it left the door open to announcing more measures.
15 September 2018, 18:00 PM

China economy shows weakness as investment growth hits new low

The Chinese economy revealed fresh signs of softness Friday with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilised.
15 September 2018, 18:00 PM

How JPMorgan's CFO became the top prospect to succeed longtime CEO

As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime chief executive of JPMorgan Chase & Co, known for his bravado, quips and occasional profanity-laced outbursts.
15 September 2018, 18:00 PM

Bank of England holds rates steady

The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising borrowing costs for only the second time in more than a decade.
13 September 2018, 18:00 PM

Turkey lira plunges as Erdogan slams central bank

Turkish President Recep Tayyip Erdogan on Thursday launched a blistering attack on Turkey's central bank, causing a sharp fall in the value of the lira just ahead of a crucial rate decision.
13 September 2018, 18:00 PM

ECB to scale back crisis measures despite tense outlook: analysts

The European Central Bank will not shirk from scaling back its crisis-fighting stimulus Thursday, analysts expect, even as trade tensions, emerging market woes and Italy bucking budget rules shade the economic outlook.
13 September 2018, 18:00 PM

Oil slips from four-month highs

Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.
13 September 2018, 18:00 PM

India bans 328 combination drugs in setback for pharma companies

The Indian government has banned 328 combination drugs in a blow to both domestic and foreign pharmaceutical firms, but the ban has been cheered by health activists worried about growing antibiotic resistance due to the misuse of medicines.
13 September 2018, 18:00 PM

GM to recall more than one million vehicles in the US

General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United States due to issues with a temporary loss of power steering, the National Highway Traffic Safety Administration said.
13 September 2018, 18:00 PM

Brazil, Australia to fight any Indian sugar export subsidy

Brazilian and Australian sugar industry groups are working together with their respective governments to prepare a formal complaint to the World Trade Organization (WTO) over any possible sugar export subsidy by India, a top Brazilian sugar official told Reuters.
13 September 2018, 18:00 PM