Malaysia probes China-backed project links with 1MDB

Malaysia is investigating whether part of a loan from a Chinese state-owned bank for projects worth $2.3 billion was used to help repay dues of a scandal-ridden state fund, a finance ministry official told Reuters.
5 July 2018, 18:00 PM

Ford says no plans for now to hike China prices

US car maker Ford Motor Co said on Thursday it has no plans currently to hike retail prices of its imported Ford and Lincoln models in China, despite steep additional tariffs on imported US vehicles set to come into play on Friday.
5 July 2018, 18:00 PM

Debt curbs likely hit China's second quarter GDP growth

China's second-quarter economic growth is expected to have slowed slightly from the previous quarter, a Reuters poll showed, as the government's efforts to tackle debt risks crimp activity and a looming US trade war threatens exports.
5 July 2018, 18:00 PM

Nafta talks on track

The renegotiation of the Nafta trade agreement is still on track and could "accelerate" after the US mid-term elections in November, Mexico's next finance minister, Carlos Urzua, said Wednesday.
5 July 2018, 18:00 PM

Modi's bonanza to farmers hit by funds, storage

Indian Prime Minister Narendra Modi's pre-election gambit to sharply hike state-mandated prices for summer crops, including rice, may mean little to millions of farmers, as the government lacks the storage and funds needed to buy most of the produce.
5 July 2018, 18:00 PM

India's richest man unveils broadband plan

India's richest man Mukesh Ambani, who turned the country's mobile market upside down by offering free voice calls for life, is zeroing in on a new market -- broadband internet.
5 July 2018, 18:00 PM

Locals lose out in Rwanda's second-hand clothes war

Across Rwanda, markets selling piles of cast-off clothes once worn by Americans have become the unlikely centre of a trade war that vendors say is ruining their livelihoods.
1 July 2018, 18:00 PM

Hello Kitty bullet train debuts in Japan

A sleek "Hello Kitty" bullet train festooned with images of the global icon from Japan began services on Saturday, drawing hundreds of fans to its opening ceremony.
1 July 2018, 18:00 PM

Opportunities for Afghan money traders as Iran sanctions loom

Aziz Ahmad is one of the unlikely winners of the stand-off between the United States and Iran, turning his modest transport service into an international foreign exchange operation that is providing much-needed dollars to the stricken Iranian economy.
1 July 2018, 18:00 PM

US workers fear steel tariffs could be nail in the coffin

The mood is tense at a nail factory in rural Missouri, where workers fear that steel tariffs imposed by President Donald Trump's administration could cost them their jobs.
1 July 2018, 18:00 PM

VW CEO says arrest of Audi's Stadler hard to comprehend

The CEO of Volkswagen, Herbert Diess, told a German newspaper the arrest of Audi head Rupert Stadler was a shock and hard to comprehend.
1 July 2018, 18:00 PM

Iran urges Opec members to refrain from unilateral actions

Iran has asked fellow Opec members to “refrain from any unilateral measures”, warning that would undermine the unity of Opec, following reports that Saudi Arabia has raised its oil production to a record high this month.
1 July 2018, 18:00 PM

Saarc countries' conclave begins in New Delhi today

The Saarc Development Fund (SDF) will engage with top multilateral institutions from tomorrow to strengthen its financial resources for more infrastructure, economic and social projects in Saarc member-countries.
1 July 2018, 18:00 PM

UK car investment almost halves on Brexit: industry

Investment in Britain's key automotive sector collapsed by almost half in the first six months of the year owing to Brexit uncertainty, industry data showed on Tuesday.
26 June 2018, 18:00 PM

China drops tariffs on soybeans for some Asian nations

China on Tuesday confirmed it would cut tariffs on goods from five Asian nations, including soybeans, as a brewing trade war with the US could make American beans more costly.
26 June 2018, 18:00 PM

Europe will strike back in case of new US tariffs: France

The European Union will retaliate again if US President Donald Trump imposes more tariffs on EU goods to remedy what he calls "unfair" trade relations, French Finance Minister Bruno Le Maire said Monday.
26 June 2018, 18:00 PM

Asia oil refining margins drop

Singapore refining margins, the benchmark for profitability among oil processors in Asia, fell to their lowest in two years, dragged down by lower gasoline margins as refiners have ramped up output after completing maintenance and as China stepped up exports.
26 June 2018, 18:00 PM

Iraqis buy into World Cup fever, without breaking the bank

With the World Cup in full swing, people around the globe are glued to TV screens -- but for some Iraqis, absorbing the full
26 June 2018, 18:00 PM

China tells France an Airbus deal is still alive

Chinese Premier Li Keqiang said on Monday Beijing was willing to continue talks over the purchase of Airbus jets after French President Emmanuel Macron failed to clinch a deal earlier this year.
25 June 2018, 18:00 PM

Turkey lira pares dollar gains after Erdogan victory

Turkey's embattled lira on Monday pared gains against the US dollar after a surge following President Recep Tayyip Erdogan's decisive election victory, as analysts warned the economy still faced troubled waters.
25 June 2018, 18:00 PM