J&J vows to overturn $4.7b talc verdict but experts see hurdles

Johnson & Johnson has vowed to appeal a $4.7 billion verdict awarded to 22 women who claim asbestos-contaminated talc in the
14 July 2018, 18:00 PM

US hedge fund demands $770m from S Korea over Samsung merger

A US hedge fund is demanding almost $800 million from South Korea at an international tribunal over the controversial merger of two units of the giant Samsung conglomerate, officials said Friday.
14 July 2018, 18:00 PM

China fiscal policy has 'ample room' to support economy

China's fiscal policy has “ample room” to support the economy, the central bank's chief researcher said in an opinion column on Friday, adding that the policy has not been active enough.
14 July 2018, 18:00 PM

US lifts ban on suppliers selling to China's ZTE

The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China's second-largest telecommunications equipment maker to resume business.
14 July 2018, 18:00 PM

US banks see mixed profits, little trade war hit so far

Clients of giant US banks are increasingly nervous about growing trade tensions, but are not yet significantly curtailing business activity due to the uncertainty, banks said Friday after reporting mixed earnings.
14 July 2018, 18:00 PM

China's trade surplus with US swells in June

China's surplus with the United States hit a record last month, data showed Friday, adding to brewing tensions between the economic superpowers as they stand on the brink of an all-out trade war that Beijing warned would have a "negative impact" globally.
14 July 2018, 18:00 PM

Beijing urges US firms in China to lobby Washington over trade war

China on Thursday said foreign firms operating in China would suffer in a trade war, urging US companies to lobby their government to protect their interests, and said no talks to end the impasse were currently under way.
12 July 2018, 18:00 PM

India's fuel demand rose 8.7pc in June

India's fuel demand rose 8.7 percent in June compared with the same month last year.
12 July 2018, 18:00 PM

ZTE shares surge 25pc as US sanctions lift moves step closer

Shares in Chinese telecoms equipment maker ZTE surged more than 25 percent in Hong Kong on Thursday after the company moved a step closer to having a painful US purchase ban lifted.
12 July 2018, 18:00 PM

Amid trade war, China plays nice with foreign investors

Long accused of protectionist tactics that make it a difficult place for foreign firms to operate, China is trying to reverse that narrative amid an escalating trade war with the United States, green-lighting huge investments and portraying itself as a champion of openness.
12 July 2018, 18:00 PM

EU slashes eurozone growth forecast

The EU on Thursday slashed its growth forecast for the eurozone in 2018, warning that the rising trade tensions with the United States
12 July 2018, 18:00 PM

Turkey lira slumps to new record lows

Turkey's embattled lira slumped almost five percent to new record lows in value against the US dollar on Wednesday after concern over President Recep Tayyip Erdogan's new cabinet and his latest comments on interest rates.
12 July 2018, 18:00 PM

Canada's central bank raises key interest rate to 1.5pc

The Bank of Canada on Wednesday hiked its benchmark interest rate to 1.5 percent, the first increase since mid-January, as the Group
12 July 2018, 18:00 PM

Vistara places $3.1b order with Airbus, Boeing

India's newest airline Vistara said on Wednesday it had ordered 19 jets from Boeing and Airbus for a combined $3.1 billion as it prepares to launch international flights.
11 July 2018, 18:00 PM

Apple may have breached antitrust rules with iPhone

Japanese regulators said on Wednesday Apple Inc may have breached antitrust rules by forcing mobile service providers to sell its iPhones cheaply and charge higher monthly fees, denying consumers a fair choice.
11 July 2018, 18:00 PM

Britain to fine Facebook over data breach

Britain's data regulator has said it will fine Facebook half a million pounds ($660,000) for failing to protect users' data, in an inquiry into whether personal information had been misused by campaigns on both sides of Britain's 2016 EU referendum.
11 July 2018, 18:00 PM

Australia prepares to ban Huawei from 5G project over security fears

Australia is preparing to ban Huawei Technologies Co Ltd from supplying equipment for its planned 5G broadband network after its intelligence agencies raised concerns that Beijing could force the Chinese telco to hand over sensitive data, two sources said.
11 July 2018, 18:00 PM

Ecuador court upholds $9.5b damages ruling against Chevron

Ecuador's highest court upheld in a ruling released Tuesday a $9.5 billion damages award against oil giant Chevron over decades of pollution that harmed indigenous people.
11 July 2018, 18:00 PM

Fox raises Sky bid in battle with Comcast

Rupert Murdoch's 21st Century Fox on Wednesday increased its takeover offer for Sky, valuing the pan-European TV group at £24.5 billion and trumping Comcast's rival bid.
11 July 2018, 18:00 PM

India now world's sixth biggest economy

India has become the world's sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017.
11 July 2018, 18:00 PM