Investors get lost in Big Oil’s carbon accounting maze

Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, senior fund managers say.
9 October 2019, 18:00 PM

New IMF chief Georgieva says world suffering ‘synchronised slowdown’

Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said Tuesday.
9 October 2019, 18:00 PM

H&M’s outlet brand Afound tweaks strategy towards online

Fashion retailer H&M’s newest independent business, outlet brand Afound, will focus more on online expansion and less on physical store expansion than previously planned, it said on Tuesday.
9 October 2019, 18:00 PM

Gold holds firm

Gold prices yesterday held on to the previous session’s gains, as fading hopes for progress in US-China trade talks hit risk appetite, while markets also awaited clues on monetary easing by the US Fed.
9 October 2019, 18:00 PM

Now tomato prices go up in India

After onion, retail price of tomatoes shot up across India on Tuesday due to supply disruptions caused by heavy rains in key growing states.
9 October 2019, 18:00 PM

Multinationals face heftier tax hit in biggest overhaul for decades

Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules.
9 October 2019, 18:00 PM

UK debt burden to rocket under no-deal Brexit: think-tank

Britain's debt burden would jump to its highest level in 50 years if it leaves the EU without a deal, a leading think-tank warned Tuesday.
9 October 2019, 18:00 PM

Samsung flags 56pc fall in profit

Samsung Electronics said Tuesday it expected operating profits to drop more than 50 percent in the third quarter amid a continued slump in the global chip market.
9 October 2019, 18:00 PM

British firm Arm joins GM, Toyota for car chips

Arm Holdings, the British chip technology firm owned by Japan’s Softbank Group Corp, is joining with automakers General Motors Co and Toyota Motor Corp to establish common computing systems for self-driving cars, an effort the companies hope will speed development of the technology.
9 October 2019, 18:00 PM

Growth of global value chains stalls amid trade conflicts: WB

The growth of global value chains, a key driver of trade and poverty reduction in emerging market countries, has largely stalled in the past decade and is under threat from trade conflicts and emerging new technologies, the World Bank said on Tuesday.
9 October 2019, 18:00 PM

US economy likely to keep growing: Fed’s Powell

The American economy should continue its expansion, with strong jobs markets but with price pressures in check and inflation approaching the central bank’s target, Federal Reserve Chairman Jerome Powell said Tuesday.
9 October 2019, 18:00 PM

HK bourse pulls plug on $39b play for London Stock Exchange

Hong Kong’s bourse has scrapped its unsolicited $39 billion approach for London Stock Exchange Group after failing to convince LSE management and investors to back a move that could have transformed both global financial services giants.
8 October 2019, 18:00 PM

Most Asian currencies edge higher ahead of Sino-US trade talks

Most Asian currencies edged higher on Tuesday with the Chinese yuan firming the most after reopening from a week long holiday while investors held positions ahead of the high level Sino-US trade talks on Thursday and Friday.
8 October 2019, 18:00 PM

Japan’s household spending rises for ninth month

Japan’s household spending rose for the ninth straight month in August, offering some relief for the export-dependent economy amid the US-China trade war, but a fall in wages points to further strains on consumers after a sales tax hike this month.
8 October 2019, 18:00 PM

EU finance commissioner pledges to regulate digital currencies

The European Union’s finance commissioner pledged on Tuesday, if he is reappointed, to propose new rules to regulate virtual currencies such as Libra, the currency Facebook plans to launch.
8 October 2019, 18:00 PM

Oracle to hire 2,000 workers to expand cloud business

Oracle Corp plans to hire nearly 2,000 additional workers as part of an aggressive plan to roll out its cloud computing services to more locations around the world, its cloud chief told Reuters on Monday.
8 October 2019, 18:00 PM

China services sector growth falls to seven-month low

China’s services sector grew at its slowest pace in seven months in September despite a strong increase in new orders, as operating expenses continued to rise at the end of the third quarter, a private survey showed on Tuesday.
8 October 2019, 18:00 PM

Civil aviation aims for long-term CO2 cuts

International aviation officials meeting in Montreal pledged on Monday to step up their efforts to limit carbon emissions over the long-term, despite pushback from China and Russia, the ICAO announced.
8 October 2019, 18:00 PM

End of Libor: biggest banking challenge you’ve never heard of

On June 30, British bank NatWest sent out an arcane-sounding press release - bus operator National Express had become the first company to take out a loan based on Sonia, a replacement for scandal-hit interest rate benchmark Libor.
8 October 2019, 18:00 PM

India’s services sector contracts in Sept

India’s dominant services sector slipped into contraction in September as new business orders fell for the first time since early 2018, according to a private survey which also found business optimism at its lowest in 2-1/2 years.
6 October 2019, 18:00 PM