Global trade losing momentum in third quarter, WTO indicator shows

Lower export orders and car sales are likely to slow world trade growth in the third quarter, the WTO said, as a global tariff crusade by US President Donald Trump to protect American jobs begins to bite.
9 August 2018, 18:00 PM

Rice prices in India hold steady; low rainfall may hurt output

Rice prices in India held steady this week as concerns over lower production due to below-normal rainfall offset sluggish demand in the world's top rice exporter.
9 August 2018, 18:00 PM

Petrobras recovers $274m from graft scandal

Brazil's state-owned oil major Petrobras said Thursday that it has recovered 1.034 billion reais ($274 million) in funds embezzled during a giant corruption scandal that badly damaged the company and upended Brazilian politics.
9 August 2018, 18:00 PM

Apple's mettle in India tested in squabble over anti-spam app

In India, the world's second-biggest smartphone market, Apple Inc's normally deft management of government relations is being put to a fresh high-stakes test.
9 August 2018, 18:00 PM

Indian Oil buys US crude to part replace Iran cargoes

Indian Oil Corp has bought 6 million barrels of US crude for delivery in November to January, a company official said, as the nation's top refiner scouts for alternatives to Iranian oil ahead of impending US sanctions.
8 August 2018, 18:00 PM

Indian tea workers strike for 50 cent pay rise

Hundreds of thousands of tea plantation workers in eastern India went on a three-day strike Tuesday demanding a 50 cent increase in their daily wage from the government and estate owners.
8 August 2018, 18:00 PM

Seeking new growth drivers, Samsung plans $22b spending on new tech

Samsung Group will invest 25 trillion won ($22 billion) in artificial intelligence, 5G mobile technology, electronic components for autos, and the biopharmaceutical business in pursuit of new growth areas, Samsung Electronics said on Wednesday.
8 August 2018, 18:00 PM

Brazil inflation slows in July after truckers' strike

Brazilian annual inflation rose 4.48 percent through July, the government statistics office said Wednesday, slowing significantly after a spike caused by a truckers' strike in May.
8 August 2018, 18:00 PM

Indian regulator clears Walmart's $16b acquisition of Flipkart

India's antitrust regulator on Wednesday approved US retail giant Walmart Inc's $16 billion acquisition of Indian ecommerce firm Flipkart, beefing up the competition for rival Amazon.com Inc in the fast growing market.
8 August 2018, 18:00 PM

Coca-Cola brings Fanta Lychee

Coca-Cola Bangladesh has recently launched a new Fanta Lychee marking Eid-ul-Azha.
8 August 2018, 18:00 PM

Pakistan defends its economic partnership with China

Pakistan Wednesday defended its economic partnership with China, amid fears that the terms of opaque multi-billion dollar investments by Beijing could be exacerbating Islamabad's economic woes as it considers a fresh IMF bailout.
8 August 2018, 18:00 PM

China trade surplus with US eases in July

China's trade surplus with the United States eased in July, when President Donald Trump imposed stiff tariffs on billions of dollars worth of Chinese goods in a showdown between the world's two biggest economies.
8 August 2018, 18:00 PM

Apple tells lawmakers iPhones are not listening in on consumers

Apple Inc told US lawmakers on Tuesday that its iPhones do not listen to users without their consent and do not allow third-party apps to do so either, after lawmakers asked the company if its devices were invading users' privacy.
8 August 2018, 18:00 PM

Samsung Galaxy S7 smartphones vulnerable to hacking: researchers

Samsung's Galaxy S7 smartphones contain a microchip security flaw, uncovered earlier this year, that put tens of millions of devices at risk to hackers looking to spy on their users, researchers told Reuters.
8 August 2018, 18:00 PM

India doubles import tax on textile products, may hit China

India doubled the import tax on more than 300 textile products to 20 percent on Tuesday as the world's biggest producer of cotton tries to curb rising imports from China.
7 August 2018, 18:00 PM

Reliance Communications, Sweden's Ericsson reach $80m settlement

Reliance Communications Ltd (RCom) said on Monday it had received approval from the Supreme Court to proceed with the sale of its
6 August 2018, 18:00 PM

Friendship no more: how Russian gas is a problem for Germany

For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War.
6 August 2018, 18:00 PM

China's July exports to maintain solid growth

China's exports are expected to have maintained solid growth in July despite new tariffs on billions of dollars of shipments to the United States, though the outlook has darkened as both sides raised the stakes in a trade conflict that has rattled financial markets.
6 August 2018, 18:00 PM

PepsiCo veteran Ramon Laguarta to replace Indra Nooyi as CEO

PepsiCo Inc said on Monday Indra Nooyi would step down as its longtime chief executive officer, handing over the reins to company veteran Ramon Laguarta, who has vast international experience spanning several continents.
6 August 2018, 18:00 PM

Oil investors are complacent on climate change

Investors in oil majors have a problem. The need to curb carbon emissions means that sometime in the next few decades demand for
6 August 2018, 18:00 PM