How JPMorgan's CFO became the top prospect to succeed longtime CEO

As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime chief executive of JPMorgan Chase & Co, known for his bravado, quips and occasional profanity-laced outbursts.
15 September 2018, 18:00 PM

G20 trade ministers say WTO reform urgent as new US tariffs loom

Trade and investment ministers from G20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organisation, a joint statement said on Friday.
15 September 2018, 18:00 PM

Trump readies tariffs on $200b more Chinese goods despite talks

US President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin's attempts to restart trade talks with China, a source familiar with the matter said on Friday.
15 September 2018, 18:00 PM

Gold prices: India shifts to discount

Physical gold buying waned in major Asian centres this week as bullion prices rebounded from recent lows, with dealers in India offering the metal at a discount for the first time in over a month as an uptick in local rates moderated demand.
15 September 2018, 18:00 PM

US retail sales slow, but exhibit underlying strength

US retail sales recorded their smallest gain in six months in August as consumers cut back on purchases of motor vehicles and clothing, but upward revisions to July data kept intact expectations of strong economic growth in the third quarter.
15 September 2018, 18:00 PM

Let Accord operate till task ends

Some 153 global investors representing $2.8 trillion in assets have called for the continuation of the Bangladesh Accord for Fire and Building Safety (Accord) until it completes its mandate and government agencies are able to assume its responsibilities.
15 September 2018, 18:00 PM

New York sues US to stop fintech bank charters

New York state's top banking regulator on Friday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and put vulnerable consumers at risk.
15 September 2018, 18:00 PM

French central bank trims 2018 growth forecast

The French economy is expected to expand by 1.6 percent this year, the country's central bank said Friday, well short of the 2 percent goal originally set by the government for this year.
15 September 2018, 18:00 PM

New Apple watch could take bite out of Swiss market

The Swiss watch industry faces an increased threat from a new Apple Watch able to detect heart problems that is likely to appeal to older shoppers, industry experts said on Thursday.
15 September 2018, 18:00 PM

Bank of England holds rates steady

The Bank of England kept interest rates on hold on Thursday and highlighted greater financial market concerns about Brexit, a month after raising borrowing costs for only the second time in more than a decade.
13 September 2018, 18:00 PM

Turkey lira plunges as Erdogan slams central bank

Turkish President Recep Tayyip Erdogan on Thursday launched a blistering attack on Turkey's central bank, causing a sharp fall in the value of the lira just ahead of a crucial rate decision.
13 September 2018, 18:00 PM

ECB to scale back crisis measures despite tense outlook: analysts

The European Central Bank will not shirk from scaling back its crisis-fighting stimulus Thursday, analysts expect, even as trade tensions, emerging market woes and Italy bucking budget rules shade the economic outlook.
13 September 2018, 18:00 PM

Oil slips from four-month highs

Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.
13 September 2018, 18:00 PM

India bans 328 combination drugs in setback for pharma companies

The Indian government has banned 328 combination drugs in a blow to both domestic and foreign pharmaceutical firms, but the ban has been cheered by health activists worried about growing antibiotic resistance due to the misuse of medicines.
13 September 2018, 18:00 PM

GM to recall more than one million vehicles in the US

General Motors Co is recalling more than 1 million pickup trucks and sport utility vehicles in the United States due to issues with a temporary loss of power steering, the National Highway Traffic Safety Administration said.
13 September 2018, 18:00 PM

Brazil, Australia to fight any Indian sugar export subsidy

Brazilian and Australian sugar industry groups are working together with their respective governments to prepare a formal complaint to the World Trade Organization (WTO) over any possible sugar export subsidy by India, a top Brazilian sugar official told Reuters.
13 September 2018, 18:00 PM

Amid scarce US labour, jobless claims hit new 48-year low

New US claims for jobless benefits fell last week to their lowest level in nearly 49 years as employers struggled to fill open positions, the government reported Thursday.
13 September 2018, 18:00 PM

China welcomes US trade talks offer as new tariffs loom

China welcomed on Thursday a US offer to hold fresh trade talks, adding that the two are discussing the details, providing some hope the world's top two economies could step back from the brink of an all-out trade war.
13 September 2018, 18:00 PM

Samsung doubles down in India, opens its biggest store world-wide

Samsung Electronics Co Ltd opened its biggest mobile store in the world in India on Tuesday as it tries to take pole position in the world's second-biggest smartphone market amid fierce competition from Chinese brands.
11 September 2018, 18:00 PM

India's Paytm bets on local expertise to fend off rivals

India's top digital payments firm, Paytm, is betting on its local expertise and a deep pool of backers to fuel business growth and fight off global rivals in a rapidly growing market, its chief executive said on Tuesday.
11 September 2018, 18:00 PM