Rolls-Royce sells loss-making commercial marine unit

British engine maker Rolls-Royce announced Friday it has agreed to sell its loss-making commercial marine business to Norwegian industrial group Kongsberg for £500 million.
7 July 2018, 18:00 PM

As Trump heads for Europe, trade strains start to show

The global economy is starting to show signs of strain from the “America First” push of US President Donald Trump who will hear renewed pleas to step back from a broader trade war when he visits Europe in the coming week.
7 July 2018, 18:00 PM

Weapons of trade war: What might China have up its sleeve?

The first shots have been fired in a trade war between China and the United States that experts say could be damaging for the world economy.
7 July 2018, 18:00 PM

Samsung Electronics flags 5.2pc rise in second quarter profit

South Korean telecom giant Samsung Electronics on Friday flagged a 5.2 percent rise in its second quarter operating profit from a year earlier, missing analyst estimates.
7 July 2018, 18:00 PM

Russia will defend its interests in trade war: Kremlin

The Kremlin warned Friday that a trade war between the US and China will have consequences for the world economy, saying Russia is ready to protect its interests amid economic uncertainty.
7 July 2018, 18:00 PM

World aircraft market to get boost from low-cost: Airbus

Rising demand in emerging economies and the soaring success of low-cost airlines is set to raise the market's need for passenger jets over the next two decades, Airbus said Friday.
7 July 2018, 18:00 PM

China moves to spur consumption amid trade war headwinds

China on Friday approved new guidelines to further stimulate household consumption, in a bid to stabilize the economy as it braces for a full-blown trade war with the United States.
7 July 2018, 18:00 PM

US 'opening fire' on world with tariff threats, China says

The United States is “opening fire” on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant US measures go into effect as Beijing ramped up the rhetoric in the heated dispute.
5 July 2018, 18:00 PM

UK slowdown was temporary

Bank of England Governor Mark Carney said on Thursday that he now had more confidence the British economy's weak start to the year reflected bad weather, comments that are likely to spur expectations of an interest rate hike next month.
5 July 2018, 18:00 PM

Malaysia probes China-backed project links with 1MDB

Malaysia is investigating whether part of a loan from a Chinese state-owned bank for projects worth $2.3 billion was used to help repay dues of a scandal-ridden state fund, a finance ministry official told Reuters.
5 July 2018, 18:00 PM

Ford says no plans for now to hike China prices

US car maker Ford Motor Co said on Thursday it has no plans currently to hike retail prices of its imported Ford and Lincoln models in China, despite steep additional tariffs on imported US vehicles set to come into play on Friday.
5 July 2018, 18:00 PM

Debt curbs likely hit China's second quarter GDP growth

China's second-quarter economic growth is expected to have slowed slightly from the previous quarter, a Reuters poll showed, as the government's efforts to tackle debt risks crimp activity and a looming US trade war threatens exports.
5 July 2018, 18:00 PM

Nafta talks on track

The renegotiation of the Nafta trade agreement is still on track and could "accelerate" after the US mid-term elections in November, Mexico's next finance minister, Carlos Urzua, said Wednesday.
5 July 2018, 18:00 PM

Modi's bonanza to farmers hit by funds, storage

Indian Prime Minister Narendra Modi's pre-election gambit to sharply hike state-mandated prices for summer crops, including rice, may mean little to millions of farmers, as the government lacks the storage and funds needed to buy most of the produce.
5 July 2018, 18:00 PM

India's richest man unveils broadband plan

India's richest man Mukesh Ambani, who turned the country's mobile market upside down by offering free voice calls for life, is zeroing in on a new market -- broadband internet.
5 July 2018, 18:00 PM

German industrial orders bounce back in May

Industrial orders in Germany bounced back in May after a string of setbacks, official data showed Thursday, suggesting Europe's largest economy may not face the sharp slowdown some observers feared.
5 July 2018, 18:00 PM

Singapore watchdog says Grab-Uber deal hurts competition

Singapore's anti-trust body proposed fines on Grab and Uber Technologies and warned it may have to unwind the two ride-hailing firms' merger as the deal substantially lessened competition.
5 July 2018, 18:00 PM

Hello Kitty bullet train debuts in Japan

A sleek "Hello Kitty" bullet train festooned with images of the global icon from Japan began services on Saturday, drawing hundreds of fans to its opening ceremony.
1 July 2018, 18:00 PM

Opportunities for Afghan money traders as Iran sanctions loom

Aziz Ahmad is one of the unlikely winners of the stand-off between the United States and Iran, turning his modest transport service into an international foreign exchange operation that is providing much-needed dollars to the stricken Iranian economy.
1 July 2018, 18:00 PM

US workers fear steel tariffs could be nail in the coffin

The mood is tense at a nail factory in rural Missouri, where workers fear that steel tariffs imposed by President Donald Trump's administration could cost them their jobs.
1 July 2018, 18:00 PM