EU, China vow to uphold global trade order despite divisions

The European Union and China pledged on Monday to uphold a rules-based international trade system, making an oblique criticism of growing protectionism in Washington despite their own disagreements.
25 June 2018, 18:00 PM

India hits back at US with higher import tariff

India has increased the customs duty on several goods, including Bengal gram, lentils and artemia—a kind of shrimp—imported from the United States with effect from August 4.
21 June 2018, 18:00 PM

Asia business sentiment slips from 7-year high: survey

Business confidence among Asian companies slipped for the first time in three quarters, on mounting worries that U.S. President Donald Trump's protectionist policies would trigger tit-for-tat reprisals and undermine the global trading system.
21 June 2018, 18:00 PM

Trade tensions build as Daimler warns on sales

Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions were hitting sales, while fears of a “tit-for-tat” trade war grew as Europe readied retaliatory tariffs against the United States.
21 June 2018, 18:00 PM

Deutsche Bank fined $205m in US for forex manipulation

US officials fined embattled German banking giant Deutsche Bank $205 million in a settlement to resolve foreign exchange market manipulation violations, New York's top banking regulator announced Wednesday.
21 June 2018, 18:00 PM

IMF okays $50b aid package for Argentina

The International Monetary Fund on Wednesday formally approved a $50 billion aid package intended to help Argentina confront inflation, budget deficits and a weakening currency.
21 June 2018, 18:00 PM

EU ready to open talks with US to fix trade row

The European Union is ready to engage with the United States to solve a trade row triggered by its decision to impose tariffs on European metals, EU Trade Commissioner Cecilia Malmstrom said on Thursday.
21 June 2018, 18:00 PM

New Zealand economy cools

New Zealand's economy grew at a slower pace in the first three months of the year amid a fall in construction activity, official data released Thursday showed, with economists tipping no near-term interest rate hikes.
21 June 2018, 18:00 PM

Washington's 'capricious' trade actions will hurt US workers, China warns

China's commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of US workers and farmers ultimately will be hurt by Washington's penchant for brandishing “big sticks”.
21 June 2018, 18:00 PM

Dollar scales 11-month peak

Simmering trade and political tensions and a pumped-up dollar weighed on world shares on Thursday, while oil prices were under pressure before an Opec meeting expected to increase the world's supply of crude.
21 June 2018, 18:00 PM

Bosch to invest $250m in India over next 3yrs

German auto parts maker Bosch Group plans to invest 17 billion rupees ($250 million) in India over the next three years to meet growing demand in the domestic automotive market, Chief Executive Officer Volkmar Denner said on Wednesday.
21 June 2018, 18:00 PM

Turkish Airlines may expand operations

Turkish Airlines is planning to raise the number of flights from Dhaka, drawn by Bangladesh's growing number of upwardly mobile population, said a top official of the airline.
13 June 2018, 18:40 PM

Brexit could make UK car sector 'extinct': business lobby

The president of Britain's main business lobby on Wednesday warned that the country's car industry risked "becoming extinct" outside the EU's customs union.
13 June 2018, 18:39 PM

India airlines spread their wings to escape airfare war at home

Indian airlines are turning to the international market in search of better returns as the intensifying fight for a bigger share of the world's fastest growing domestic market - where price is king - drives down profits.
13 June 2018, 18:37 PM

World Cup set to be lean for sportswear makers

Although World Cup teams will be as boldly emblazoned with logos as ever, sportswear makers see little hope this year of repeating sales leaps that greeted past tournaments in iconic football nations like Germany and Brazil.
13 June 2018, 18:34 PM

Growing Islamic finance firms lobby Britain for tax relief

Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant structures is hindering their growth.
13 June 2018, 18:29 PM

India sells new season cotton crop to China in rare advance deals

India's cotton exporters have signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China as the world's biggest consumer of the fibre looks to raise its imports in the next crop year, industry officials told Reuters.
13 June 2018, 18:28 PM

Italy, trade worries bite into German growth forecast

The DIW economic institute has slashed its growth forecast for Germany due to an unexpectedly weak start to 2018 and risks from abroad including concerns about Italy's new government and the escalating trade conflict with the United States.
13 June 2018, 18:26 PM

Bitcoin sinks to two-month low as downtrend persists

Bitcoin fell to a two-month low on Tuesday, sliding in three of the last four sessions on nagging regulatory and security concerns after the weekend hacking of South Korean cryptocurrency exchange Coinrail.
13 June 2018, 18:26 PM

Toyota to invest $1b in Southeast Asian ride-hailing firm Grab

Toyota Motor Corp has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company's ongoing financing round, which was launched after it bought the regional business of Uber Technologies Inc.
13 June 2018, 18:00 PM