Swiss watchdog probes banks over alleged payments system boycott

Switzerland's competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS, to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay.
15 November 2018, 18:00 PM

UK business breathes sigh of relief at draft Brexit deal

British businesses breathed a sigh of relief after the cabinet on Wednesday gave its backing to a draft Brexit deal that still faces numerous hurdles in Brussels and London.
15 November 2018, 18:00 PM

China sends written response to US trade reform demands

China has delivered a written response to US demands for wide-ranging trade reforms, three US government sources said on Wednesday, a move that could trigger more formal negotiations to resolve a withering trade war between the world's top economies.
15 November 2018, 18:00 PM

Indonesia surprises with rate hike after weak trade data

Indonesia hiked interest rates again Thursday as weak trade data and a slumping currency prompted the central bank to boost borrowing costs for the sixth time this year.
15 November 2018, 18:00 PM

Italy wants EU 'flexibility' over budget

Italy's populist government said the EU must show flexibility over its big-spending budget because the country had to cope with a series of natural disasters, including floods and a deadly bridge collapse in Genoa.
14 November 2018, 18:00 PM

IMF's Lagarde sees case for central bank digital currency

With growing innovation in the financial sector and a move towards a cash-less society, there is a role for central banks to enter the world of digital currencies, IMF chief Christine Lagarde said Wednesday.
14 November 2018, 18:00 PM

Labour woes force Japan to prise open door to migrant workers

Ageing Japan is reluctantly attempting to prise open its doors to migrant workers as it battles serious labour shortages, raising the hackles of conservatives worried about mass immigration.
14 November 2018, 18:00 PM

28-year-old Malaysian listed on Forbes 30 under 30

A 28-year-old Malaysian entrepreneur has been listed under the Forbes 30 under 30 for her achievements in developing a non-toxic skincare line for children.
14 November 2018, 05:11 AM

German investors gloomy in November

German investor confidence remained gloomy in November, a closely watched survey found Tuesday, as headwinds from trade tensions and Brexit fuel concern of a "weak" outlook for Europe's powerhouse economy.
13 November 2018, 18:00 PM

China October loan data disappoints

China's credit growth slowed sharply in October, despite pressure by regulators on banks to help keep cash-starved companies afloat, pointing to further weakening in the economy in coming months.
13 November 2018, 18:00 PM

Opec warns of 2019 oil glut

Opec warned on Tuesday that an oil supply glut could emerge in 2019 as the world economy slows and supply from rival producers rises more quickly than expected, building a case for cutting output at a meeting next month.
13 November 2018, 18:00 PM

Tata in active talks to buy majority stake in Jet Airways

Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier.
13 November 2018, 18:00 PM

Gas to overtake coal as second largest energy source by 2030: IEA

Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.
13 November 2018, 18:00 PM

Alibaba Singles' Day sales hit $10b in first hour

Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles' Day on Sunday, up roughly 21 percent from last year's early haul of 57 billion yuan.
11 November 2018, 18:00 PM

China-backed trade deal takes centre stage at summit as US retreats

World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda.
11 November 2018, 18:00 PM

Quality issues hit iPhone X, MacBook

Apple Inc said on Friday it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free of charge.
10 November 2018, 18:00 PM

Russia clashes with Western oil buyers over new deals

Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions.
10 November 2018, 18:00 PM

India to sell 'enemy shares' of people who fled to Pakistan

India's government is to sell more than $400 million worth of shares left behind by people who fled to Pakistan or China after wars with those countries.
10 November 2018, 18:00 PM

Fed to reconsider 'stress capital buffer' plan: official

Randal Quarles, head of supervision at the Federal Reserve, said on Friday the central bank would re-propose aspects of a bank capital rule known as the “stress capital buffer” due to industry concerns.
10 November 2018, 18:00 PM

China's import expo logs $57.8b of deals

Around $57.83 billion worth of deals were agreed for the year ahead at the China International Import Expo (CIIE), the official China Daily said on Saturday.
10 November 2018, 18:00 PM