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Myanmar improving but still 'super challenging' for business: study

Family-run firms, a lack of transparency and murky money networks in the former junta-led country continue to make doing business in Myanmar "super challenging", a new study mapping the country's top companies said on Monday.
26 March 2018, 18:00 PM

S Korea makes concessions to preserve US trade deal

Seoul has agreed to a quota for steel exports to the US 30 percent below current sales and accepted extended tariffs on pick-up trucks to secure a revised trade deal with Washington and escape its steel duties, the government admitted Monday.
26 March 2018, 18:00 PM

France beats EU deficit, growth targets in win for Macron

France on Monday reported a budget deficit equivalent to 2.6 percent of the economy in 2017, below the EU limit of 3.0 percent for the first time in a decade.
26 March 2018, 18:00 PM

Once hot favourite, India bonds lose their charm for foreign investors

After betting strongly on Indian bonds last year, foreign investors are cutting their holdings as a tumbling rupee erodes their returns and economic risks cloud the outlook of a once-hot emerging market play.
26 March 2018, 18:00 PM

On chaotic SE Asian roads, local hero Grab zips past Uber

Uber may be the world's biggest ride-hailing company but it was left in the dust in Southeast Asia by homegrown upstart Grab, which knew better how to navigate the chaotic highways and byways of an eclectic region.
26 March 2018, 18:00 PM

China's new central bank chief pledges steady opening of financial sector

China will steadily reform and further open its financial sector while putting “equal emphasis” on preventing risks through regulation and supervision, the new central bank governor said on Sunday.
25 March 2018, 18:00 PM

China's opening up not forced by external pressure: commerce minister

China's opening up is self-initiated and will not be forced by pressure from other countries, the country's commerce ministry said on Sunday on its official Wechat account.
25 March 2018, 18:00 PM

China's new finance minister says some tax changes coming

China's new finance minister on Sunday vowed to push ahead fiscal reforms, including changes in tax on manufacturing and transportation, to support the government's goal of “high-quality” growth.
25 March 2018, 18:00 PM

Britain's top suppliers flout landmark anti-slavery law

Britain is failing to live up to its promise to lead the world in ending modern slavery as nearly half of the government's biggest suppliers are flouting a landmark anti-slavery law, analysts said on Thursday.
25 March 2018, 18:00 PM

Tata Steel offers $5.4b to take over bankrupt Bhushan Steel

Tata Steel has offered to pay a little more than 350 billion rupees ($5.4 billion) to lenders of Bhushan Steel & Power to take over the bankrupt steelmaker, a source with direct knowledge of the deal said.
25 March 2018, 18:00 PM

Reliance merges music apps in India

Indian conglomerate Reliance Industries said Friday it was integrating its music app with sector leader Saavn in a $1 billion deal that shows the high hopes for streaming in the billion-plus market.
25 March 2018, 18:00 PM

Booming online luxury goods sales convert watchmakers to the web

A boom in online luxury goods sales is finally convincing high-end watchmakers, long sceptical that customers would pay thousands to buy intricate timepieces on the web, to step up their investments in e-commerce.
25 March 2018, 18:00 PM

Zuckerberg says sorry to Britons with newspaper apology ads

Facebook Chief Executive Mark Zuckerberg apologized to Britons on Sunday over a “breach of trust”, taking out full page advertisements in British newspapers after a political consultancy got its hands on data on 50 million users.
25 March 2018, 18:00 PM

BMW delays electric car mass production until 2020

BMW has held back the mass rollout of electric cars until 2020 because current fourth generation electric car technology is not profitable enough for volume production, Chief Executive Harald Krueger said.
22 March 2018, 18:00 PM

Jaguar Land Rover vehicles to use BlackBerry software

Luxury carmaker Jaguar Land Rover will use BlackBerry Ltd's infotainment and security software in its vehicles, the companies said on Thursday.
22 March 2018, 18:00 PM

Eurozone sees 'quite dramatic' activity slowdown: Markit

Growth in eurozone business activity grew at its slowest rate for over a year in March, a key survey showed on Thursday, signalling that the economic recovery in the single currency area's was losing momentum.
22 March 2018, 18:00 PM

UK retail sales rebound in February

British retail sales rebounded in February from the previous month, boosted by growth in food and online purchases, official data showed on Thursday.
22 March 2018, 18:00 PM

Protectionist fears damp German business confidence

Confidence among German businesses fell back in March, a regular survey showed Thursday, with managers' mood clouding over as the threat of a transatlantic trade war draws nearer.
22 March 2018, 18:00 PM

Zuckerberg apology fails to cheer up Facebook shares

Shares of Facebook Inc fell 1.5 percent in premarket trading on Thursday as an apology from Chief Executive Mark Zuckerberg failed to quell Wall Street nerves about the company's handling of a row over user privacy.
22 March 2018, 18:00 PM

US jobless claims up slightly in tight market

First-time claims for US jobless benefits rose modestly last week but were still at historically low levels, pointing to the continued health of labor markets, government data showed Thursday.
22 March 2018, 18:00 PM