How a French solo trader made a $6.6b unauthorised bet

A self-employed trader in France accumulated stock futures worth $6.6 billion in a single day, trading records show, raising questions among investors about how he could build up such a large position despite having only 20,000 euros in his account.
25 June 2018, 18:00 PM

Toshiba says SEC completes accounting probe, no penalty

Japan's Toshiba Corp on Monday said the US Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company.
25 June 2018, 18:00 PM

China's online service giant Meituan plans massive IPO

Chinese online services giant Meituan-Dianping filed for an initial public offering in Hong Kong on Monday, in what could become one of the the biggest IPOs of the year.
25 June 2018, 18:00 PM

Harley-Davidson moves some work from US due to tariffs

Harley-Davidson plans to shift some manufacturing of the iconic motorcycles overseas to avoid retaliatory European tariffs imposed last week, the company said Monday.
25 June 2018, 18:00 PM

What Saudi Arabia does now is key for global crude oil markets

If it were possible to boil the crude oil market down to just one determining factor for the coming months, it would be this: What will Saudi Arabia actually do?
25 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

EU, China vow to uphold global trade order despite divisions

The European Union and China pledged on Monday to uphold a rules-based international trade system, making an oblique criticism of growing protectionism in Washington despite their own disagreements.
25 June 2018, 18:00 PM

Beijing softens 'Made in China 2025' message

Beijing has begun downplaying Made in China 2025, the state-backed industrial policy that has provoked alarm in the West and is core to Washington's complaints about the country's technological ambitions, diplomatic and Chinese state media sources said.
25 June 2018, 18:00 PM

Bangladesh looks to long-term gain

A prolonged trade war between Beijing and Washington could benefit Bangladesh as factories from China could relocate to the country in order to avoid higher tariff on exports to the American markets, said economists and businessmen.
25 June 2018, 18:00 PM

IMF okays $50b aid package for Argentina

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.
21 June 2018, 18:00 PM

EU ready to open talks with US to fix trade row

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.
21 June 2018, 18:00 PM

New Zealand economy cools

New Zealand's economy grew at a slower pace in the first three months of the year amid a fall in construction activity, official data released Thursday showed, with economists tipping no near-term interest rate hikes.
21 June 2018, 18:00 PM

Washington's 'capricious' trade actions will hurt US workers, China warns

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”.
21 June 2018, 18:00 PM

Dollar scales 11-month peak

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.
21 June 2018, 18:00 PM

Bosch to invest $250m in India over next 3yrs

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.
21 June 2018, 18:00 PM

India hits back at US with higher import tariff

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.
21 June 2018, 18:00 PM

Asia business sentiment slips from 7-year high: survey

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.
21 June 2018, 18:00 PM

Trade tensions build as Daimler warns on sales

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.
21 June 2018, 18:00 PM

Deutsche Bank fined $205m in US for forex manipulation

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.
21 June 2018, 18:00 PM