India trying to get resolution soon on rising fuel prices

India is trying to get a resolution soon on tackling rising fuel prices, and the government is looking at both short-term and long-term solutions, said Oil Minister Dharmendra Pradhan on Thursday.
24 May 2018, 18:00 PM

Indian rice prices ease to lowest in a year as rupee slides

Rice prices in India fell for the third straight week to their lowest level in a year as the rupee slipped to a 16-month low, while markets in
24 May 2018, 18:00 PM

German carmakers dismayed as US weighs auto tariffs

German automakers reacted with dismay Thursday as the US Commerce Department said tariffs on car imports could be on the horizon, potentially opening a new front in a burgeoning transatlantic trade conflict.
24 May 2018, 18:00 PM

Uber self-driving car failed to recognise pedestrian, brake: US agency

An Uber self-driving vehicle that struck and killed a woman in Arizona in March failed to identify the pedestrian or to brake, raising serious questions about its performance, the US National Transportation Safety Board said in a preliminary report released on Thursday.
24 May 2018, 18:00 PM

Deutsche Bank axes at least 7,000 jobs in trading retreat

Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.
24 May 2018, 18:00 PM

China relieved after trade tension; US business ambivalent

China on Monday praised a significant dialing back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China's refusal to surrender.
21 May 2018, 18:00 PM

Apple, Goldman Sachs working on credit card

Apple is working with financial giant Goldman Sachs on a credit card that would carry the iPhone maker's digital wallet logo, according to a report Thursday in the Wall Street Journal.
13 May 2018, 18:00 PM

JP Morgan looks to expand in China

Wall Street titan JP Morgan Chase has become the latest firm to apply for a controlling stake in a Chinese securities venture, taking advantage of new rules Beijing put in place last month as part of a move to open up the economy.
13 May 2018, 18:00 PM

Brexit seen threatening UK links in EU supply chain

Mandy Ridyard knew Brexit was going to be a challenge for her aviation components firm, but it was still a shock when she heard a French company bluntly ruling out British suppliers from an international bid for a contract in China.
13 May 2018, 18:00 PM

Airbus, Boeing fly into lucrative services market

Airbus and Boeing may have built their global success on the back of the transcontinental airliners but they are now eyeing a lucrative if rather less glamorous side of the aviation sector in their battle to dominate the skies -- parts and repairs.
13 May 2018, 18:00 PM

ZTE woes loom as US-China trade tensions rise

With a major Chinese smartphone maker on the rocks following US sanctions, the trade spat between Washington and Beijing appears to be taking a turn for the worse for tech firms in the two global economic powerhouses.
13 May 2018, 18:00 PM

Difficult to shield German firms after US withdrawal from Iran deal: minister

Germany wants to help its companies continue doing business in Iran after the US decision to reimpose sanctions against Tehran, but it could be difficult to shield them from any fallout, Foreign Minister Heiko Maas said on Sunday.
13 May 2018, 18:00 PM

Sri Lanka sharply raises fuel prices

Sri Lanka hiked fuel prices Thursday by up to 130 percent following pressure from the International Monetary Fund and its central bank to reduce the burden of heavy subsidies on its struggling economy.
10 May 2018, 18:00 PM

Asia coal industry sees blue skies, ignores storm clouds

Asia's coal miners, shippers and traders are seeing strong demand and rising prices for their fuel, and they expect this happy situation to persist for several years to come.
10 May 2018, 18:00 PM

Apple scraps $1b Irish data centre over planning delays

Apple ditched plans to build an 850 million euro ($1 billion) data centre in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday.
10 May 2018, 18:00 PM

ZTE teeters as US ban hits operations

Chinese telecom giant ZTE faces a grim future after ceasing major operations due to a US ban on American sales of critical technology to the company, raising the stakes in a trade spat between the world's two largest economies.
10 May 2018, 18:00 PM

S Korea puts pressure on Samsung over complex ownership structure

South Korean regulators turned up the heat on Samsung Group over its complex ownership structure, with the country's antitrust chief saying on Thursday the arrangement for control at the nation's top conglomerate was “not sustainable”.
10 May 2018, 18:00 PM

Rural purchases to boost Indian gold demand: global council

Indian gold demand may improve through to December as positive monsoon rains and government efforts to raise farmer incomes could boost rural purchases enough to offset higher prices because of the weak rupee, the World Gold Council (WGC) said.
3 May 2018, 18:00 PM

Bangladesh, an example for other Asian countries: ADB chief

ADB President Takehiko Nakao yesterday appreciated the economic growth Bangladesh has achieved in the recent years, saying “the success stories of the country can be a very good example for other Asian countries”.
3 May 2018, 18:00 PM

Euro zone economy to slow next year, downside risks increase: Commission

Euro zone economic growth will slow this year and next from a peak expansion in 2017, the European Commission forecast on Thursday, underlining the need to quickly implement euro zone reforms while the expansion is still strong.
3 May 2018, 18:00 PM