Indian bank says it has ability to recover funds

Punjab National Bank, India's second-largest state-run lender, said on Thursday it has the capability and capacity to recover after
15 February 2018, 18:00 PM

Iran raises rates to shore up rial

Iran has raised bank deposit rates and frozen the accounts of hundreds of foreign exchange dealers in a bid to shore up the value of
15 February 2018, 18:00 PM

App delivery boom shakes up China food sector

Guo Bonan has opened several new branches of his "8Peppers" spicy Sichuan-style restaurants across Shanghai since last year, and not
14 February 2018, 19:37 PM

Japan economy grows for 8th straight quarter

Japan's economy grew for the eighth straight quarter at the end of 2017, government data showed Wednesday, its longest period of
14 February 2018, 19:33 PM

Toshiba tips return to black

Troubled Japanese conglomerate Toshiba said on Wednesday it would swing into the black for the full fiscal year as it completes the
14 February 2018, 19:33 PM

Indian bank reports $1.8b fraud at single branch

India's second-largest state-run bank said Wednesday it had detected fraud of almost $1.8 billion at one of its branches, sending its
14 February 2018, 19:26 PM

ThyssenKrupp profits up on steel restructuring

German industrial conglomerate ThyssenKrupp confirmed its forecasts for the full year Wednesday, saying a new strategy for its long-
14 February 2018, 19:26 PM

India-Asean trade on the rise

India-Asean trade relations have been growing steadily, with Asean being India’s fourth largest trading partner. Both sides have set a target of at least US$200 billion in two-way trade by 2022 compared to US$ 71 billion in 2016-17.
3 February 2018, 06:01 AM

ECB seeks balance to keep low-inflation recovery on rails

European Central Bank president Mario Draghi will paper over discord among colleagues at a press conference Thursday, analysts predict, with policymakers divided on their response to heftier economic growth unaccompanied by higher inflation.
23 January 2018, 18:00 PM

Trump angers China, South Korea with new trade tariffs

President Donald Trump has approved steep tariffs on imports of solar panels and washing machines to protect US producers, triggering an outcry in China and South Korea and even protests at home.
23 January 2018, 18:00 PM

IMF raises global growth forecast

The International Monetary Fund on Monday revised up its forecast for world economic growth in 2018 and 2019, saying sweeping US tax cuts were likely to boost investment in the world's largest economy and help its main trading partners.
23 January 2018, 18:00 PM

German investor confidence surges in January

Confidence among investors in Germany surged in January, a closely-watched survey showed Tuesday, in a further sign that a growth streak in Europe's powerhouse could have much further to run.
23 January 2018, 18:00 PM

Carrefour revamps operations with job cuts, China deal

France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China.
23 January 2018, 18:00 PM

EU takes Panama, seven others off tax haven list

The EU removed eight countries including Panama from its new tax haven blacklist on Tuesday after they pledged to address its concerns, in a move swiftly condemned by activists.
23 January 2018, 18:00 PM

India sends tax notices to cryptocurrency investors as trading hits $3.5b

India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5
20 January 2018, 18:00 PM

It's a mistake to allow China, Russia to join WTO, says US

China and Russia have shown no intention of living up to World Trade Organization rules and Washington should not have supported
20 January 2018, 18:00 PM

Xiaomi to expand store network in Indian tussle with Samsung

China's Xiaomi plans to expand its Indian store network as it attempts to grab the lead in a smartphone market which Korea's
20 January 2018, 18:00 PM

UK retail sales slide in Dec after Black Friday boost

British retail sales slid 1.5 percent in December from the previous month after consumers had brought forward their Christmas shopping,
20 January 2018, 18:00 PM

France to host 140 foreign CEOs for pre-Davos summit

Nearly 140 chief executives from companies around the world will gather at the Versailles Palace outside Paris on Monday, as the
20 January 2018, 18:00 PM

Europe brings on charm and blue skies to lure Chinese tourists

Chinese tourists are big spenders and with the numbers visiting Europe set to soar by nearly 70 percent over the next five years, the
20 January 2018, 18:00 PM