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Walmart acquires online lingerie retailer
Walmart Inc said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space.
13 October 2018, 18:00 PM
US-China trade row not a threat to world economy: Mnuchin
US Treasury Secretary Steven Mnuchin pushed back Saturday against warnings that Washington's trade fight with China imperils the world economy, saying that pushing Beijing to open up will be good for all.
13 October 2018, 18:00 PM
US senators urge India to soften data localisation stance
Two US senators have called on Prime Minister Narendra Modi to soften India's stance on data localisation, warning that measures requiring it represent “key trade barriers” between the two nations.
13 October 2018, 18:00 PM
Jack Ma to open institute for tech entrepreneurs
Jack Ma, executive chairman of China's Alibaba Group Holding, said on Saturday he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce.
13 October 2018, 18:00 PM
Window of opportunity narrowing on global growth: IMF
The window of opportunity to keep global growth on track is "narrowing" amid trade disputes and emerging markets crises, the IMF said Saturday, and cautioned against currency wars as a US-China spat threatens to boil over.
13 October 2018, 18:00 PM
Facebook now says data breach affected 29m users, details impact
Cyber attackers stole data from 29 million Facebook accounts using an automated program that moved from one friend to the next, Facebook Inc announced on Friday, as the social media company said its largest-ever data theft hit fewer than the 50 million profiles it initially reported.
13 October 2018, 18:00 PM
India's retail inflation picks up
India's retail inflation rose marginally in September, nudged up by food and fuel prices, but short of the Reserve Bank of India's 4 percent medium-term target, strengthening views it could tighten monetary policy in December following unchanged rates last week.
13 October 2018, 18:00 PM
Japan wants to put global imbalances on the map
Japan wants to highlight global imbalances as key topics of debate, and take steps to fix them, when it chairs next year's gatherings of the Group of 20 major economies, government officials said this week.
13 October 2018, 18:00 PM
China to cut reserve requirement ratio for fourth time
China's central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by one percentage point, the fourth time this year the country has sought to free up credit for businesses as they face down $250 billion in US tariffs.
7 October 2018, 18:00 PM
SoftBank to invest $500m in ride-hailing firm Grab
SoftBank Group Corp is closing in on a deal to invest about $500 million in Grab as part of roughly $1 billion that Southeast Asia's biggest ride-hailing firm is seeking in its latest funding, sources with knowledge of the matter said.
7 October 2018, 18:00 PM
India may be forced to delay Axis Bank stake sale
India may be forced to delay selling its stake in Axis Bank Ltd because of a weak stock market, The Economic Times newspaper reported on Saturday, citing unnamed market sources and an investment banker aware of the development.
7 October 2018, 18:00 PM
IMF to gather in Indonesia to focus on global economic tremors
Rising protectionism, vulnerable emerging markets and record debt levels: The IMF holds its annual meeting this week in earthquake-stricken Indonesia, as it shines a light on tremors in the global economy.
7 October 2018, 18:00 PM
Argentina to get 30 cryptocurrency ATMs
Argentina could get up to 30 automated teller machines that buy and sell bitcoin by the end of the year, industry representatives said, an expansion of the cryptocurrency market amid an economic crisis that has seen the peso's value tumble.
4 October 2018, 18:00 PM
Tariffs won't dent US Santa spending this year
Tariffs won't play the Grinch this Christmas, as US stores should have a solid holiday shopping season amid a strong economy, the National Retail Federation said Thursday.
4 October 2018, 18:00 PM
India’s services sector activity drops to four-month low
Activity in India's dominant services sector eased to a four-month low in September on dwindling demand, while intensifying price pressures pointed to a bumpy road ahead, a private survey showed on Thursday.
4 October 2018, 18:00 PM
IMF chief urges 'revamp' of Japan economic policy
The head of the IMF Thursday called for an overhaul of Japan's economic policy, as the world's third-biggest economy battles stubborn low inflation, sluggish growth and a rapidly ageing population.
4 October 2018, 18:00 PM
Cadillac edges Tesla in semi-automated driving test
General Motors Co's Cadillac outscored Tesla Inc in a new ranking of partially automated driving systems tested by Consumer Reports and released on Thursday.
4 October 2018, 18:00 PM
Bangladesh seeks revival of silk industry
Bangladesh's silk industry is one of the oldest in the world, with farmers in the northwestern border district of Rajshahi producing some of the most sought-after silk yarns.
4 October 2018, 18:00 PM
Apple, Amazon deny Bloomberg report on Chinese hardware attack
Apple Inc and Amazon denied a Bloomberg report on Thursday that their systems contained malicious computer chips inserted by Chinese intelligence, statements from the tech companies released separately by Bloomberg showed.
4 October 2018, 18:00 PM
India set to raise support prices for winter crops amid farmer anger
India's cabinet is set to raise the state-mandated prices for winter-sown crops such as wheat later on Wednesday, two government sources said, as Prime Minister Narendra Modi tries to tackle rising discontent among farmers amid a price slump.
3 October 2018, 18:00 PM