China's commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of US workers and farmers ultimately will be hurt by Washington's penchant for brandishing “big sticks”.

Simmering trade and political tensions and a pumped-up dollar weighed on world shares on Thursday, while oil prices were under pressure before an Opec meeting expected to increase the world's supply of crude.

German auto parts maker Bosch Group plans to invest 17 billion rupees ($250 million) in India over the next three years to meet growing demand in the domestic automotive market, Chief Executive Officer Volkmar Denner said on Wednesday.

India has increased the customs duty on several goods, including Bengal gram, lentils and artemia—a kind of shrimp—imported from the United States with effect from August 4.

Business confidence among Asian companies slipped for the first time in three quarters, on mounting worries that U.S. President Donald Trump's protectionist policies would trigger tit-for-tat reprisals and undermine the global trading system.

Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions were hitting sales, while fears of a “tit-for-tat” trade war grew as Europe readied retaliatory tariffs against the United States.

US officials fined embattled German banking giant Deutsche Bank $205 million in a settlement to resolve foreign exchange market manipulation violations, New York's top banking regulator announced Wednesday.

The International Monetary Fund on Wednesday formally approved a $50 billion aid package intended to help Argentina confront inflation, budget deficits and a weakening currency.

The European Union is ready to engage with the United States to solve a trade row triggered by its decision to impose tariffs on European metals, EU Trade Commissioner Cecilia Malmstrom said on Thursday.

Turkish Airlines is planning to raise the number of flights from Dhaka, drawn by Bangladesh's growing number of upwardly mobile population, said a top official of the airline.

The president of Britain's main business lobby on Wednesday warned that the country's car industry risked "becoming extinct" outside the EU's customs union.

Indian airlines are turning to the international market in search of better returns as the intensifying fight for a bigger share of the world's fastest growing domestic market - where price is king - drives down profits.

Although World Cup teams will be as boldly emblazoned with logos as ever, sportswear makers see little hope this year of repeating sales leaps that greeted past tournaments in iconic football nations like Germany and Brazil.

Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant structures is hindering their growth.

India's cotton exporters have signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China as the world's biggest consumer of the fibre looks to raise its imports in the next crop year, industry officials told Reuters.

The DIW economic institute has slashed its growth forecast for Germany due to an unexpectedly weak start to 2018 and risks from abroad including concerns about Italy's new government and the escalating trade conflict with the United States.

Bitcoin fell to a two-month low on Tuesday, sliding in three of the last four sessions on nagging regulatory and security concerns after the weekend hacking of South Korean cryptocurrency exchange Coinrail.

Electric car maker Tesla Inc is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan.

Oil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer group Opec could relax voluntary output cuts.

The Indian rupee will erase some of this year's losses against the dollar over the coming 12 months but high volatility in the run up to general elections in 2019 could send it off-piste, a Reuters poll found.