Amid scarce US labour, jobless claims hit new 48-year low

New US claims for jobless benefits fell last week to their lowest level in nearly 49 years as employers struggled to fill open positions, the government reported Thursday.
13 September 2018, 18:00 PM

China welcomes US trade talks offer as new tariffs loom

China welcomed on Thursday a US offer to hold fresh trade talks, adding that the two are discussing the details, providing some hope the world's top two economies could step back from the brink of an all-out trade war.
13 September 2018, 18:00 PM

Chinese companies flee overseas to avoid US tariffs

A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump's tariffs: remove the "Made in China" label by shifting production to countries such as Vietnam, Serbia and Mexico.
11 September 2018, 18:00 PM

Samsung doubles down in India, opens its biggest store world-wide

Samsung Electronics Co Ltd opened its biggest mobile store in the world in India on Tuesday as it tries to take pole position in the world's second-biggest smartphone market amid fierce competition from Chinese brands.
11 September 2018, 18:00 PM

India's Paytm bets on local expertise to fend off rivals

India's top digital payments firm, Paytm, is betting on its local expertise and a deep pool of backers to fuel business growth and fight off global rivals in a rapidly growing market, its chief executive said on Tuesday.
11 September 2018, 18:00 PM

Alibaba, Russian tech firm Mail.ru agree joint e-commerce venture

Chinese e-commerce giant Alibaba and Russian technology group Mail.ru on Tuesday said they would launch a joint e-commerce venture in Russia and former Soviet countries.
11 September 2018, 18:00 PM

Oil up as US drilling stalls, Iranian sanctions bite

Oil prices rose on Monday as US drilling stalled and investors anticipated lower supply once new US sanctions against Iran's crude exports kick in from November.
10 September 2018, 18:00 PM

Argentina faces key week for IMF loan negotiations

Argentine President Mauricio Macri's government will continue discussions with the International Monetary Fund this week as efforts to stave off an economic crisis multiply.
10 September 2018, 18:00 PM

Turkey sees growth slow in Q2

Turkey's economic growth slowed to 0.9 percent in the second quarter, official statistics showed on Monday, with further declines expected as the impact of the slide in the value of the lira begins to show up in the data.
10 September 2018, 18:00 PM

India's August inflation seen easing below RBI's mid-term target

India's inflation likely eased below the Reserve Bank of India's medium-term target in August on softer food prices, a Reuters poll showed, raising the probability the central bank will keep interest rates on hold at its next rate review.
10 September 2018, 18:00 PM

Gold edges lower as trade concerns lift the dollar

Gold prices edged lower for a second session on Monday as trade tensions between China and the United States helped to boost the dollar and weaken the yuan.
10 September 2018, 18:00 PM

Capex drives Japan's fastest expansion since 2016, seen backing growth

Heavy capital spending in the second quarter drove Japan's economy to its fastest growth since 2016, underscoring the view that capex continues to back the economy even as trade tensions and a string of natural disasters pose risks to the outlook.
10 September 2018, 18:00 PM

In pursuit of 'Naya Pakistan'

Imran Khan's first speech to the nation after taking office as Pakistan's prime minister was impressive in its range of reforming ambition.
7 September 2018, 18:00 PM

Amazon India unveils Hindi website, app in battle with Flipkart

Amazon.com on Tuesday launched a Hindi version of its mobile website and app for Android smartphones in a bid to make deeper inroads into India's fast-growing e-commerce market, stepping up its battle with Walmart's Flipkart unit.
4 September 2018, 18:00 PM

Indian airline losses could reach $1.9b this year

Indian airlines are expected to post combined losses of up to $1.9 billion this financial year led by full-service carriers like Air India and Jet Airways driven by rising costs and low air fares, aviation consulting firm CAPA India said.
4 September 2018, 18:00 PM

Ten years later, risks lurk to global economy

The US financial system 10 years ago was brought down by toxic investments with mysterious acronyms. Today the risks to global economic stability have familiar names: China, emerging market contagion, Brexit and... Donald Trump.
4 September 2018, 18:00 PM

Australia keeps rates on hold at record low

Weak inflation, sluggish wage growth and high levels of household debt saw Australia's central bank keep interest rates on hold at a record low on Tuesday.
4 September 2018, 18:00 PM

China says its funding helps Africa develop, not stack up debt

China is helping Africa develop, not pile up debt, a top Chinese official said on Tuesday, as the government pushes back against criticism it is loading the continent with an unsustainable burden during a major summit in Beijing.
4 September 2018, 18:00 PM

Qatar Airways rethinks Indian plans due to foreign ownership rules

Qatar Airways is reviewing plans for its own domestic Indian airline due to “confusing” foreign ownership rules and could opt to work with a partner in India or take a stake in IndiGo instead, its chief executive said on Tuesday.
4 September 2018, 18:00 PM

In India, Google races to parry the rise of Facebook

Google retains only a slight lead over Facebook in the competition for digital ad dollars in the crucial India market, sources familiar with the figures say, even though the search giant has been in the country far longer and has avoided the controversies that have dogged its rival.
4 September 2018, 18:00 PM