Ukraine, Russia both claim win in gas dispute

Ukraine and Russia on Friday both claimed victory after arbitration aimed at settling a ferocious dispute over a 2009 energy contract.
23 December 2017, 18:00 PM

Bitcoin falls 30pc, posts worst week since 2013

Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise to a peak close to $20,000 prompted warnings by experts of a bubble.
23 December 2017, 18:00 PM

US tax reform promises big income boost for German carmakers

German carmakers Daimler and BMW said Friday a new sweeping US tax reform giving major breaks to corporations will add hundreds of millions of euros to their 2017 earnings.
23 December 2017, 18:00 PM

Trump signs tax, govt spending bills into law

US President Donald Trump signed Republicans' massive $1.5 trillion tax overhaul into law on Friday, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown.
23 December 2017, 18:00 PM

Singapore firm to pay $422m in corruption fines

Singapore's Keppel Offshore & Marine Ltd (KOM) has agreed to pay $422 million in fines to the US, Brazil and Singapore to settle bribery cases involving Brazilian contracts, US officials said Friday.
23 December 2017, 18:00 PM

Runner eyes more of Nepalese bike market

Runner Automobiles has beefed up its marketing efforts in Nepal in a bid to capture 15 percent of the growing motorcycle market in
19 December 2017, 18:00 PM

Danish robot maker enters Bangladesh

Universal Robots, the leading manufacturer of advanced and lightweight collaborative robotic arms, started its operations in Bangladesh yesterday.
19 December 2017, 18:00 PM

Be partners for common prosperity: PM to Cambodian entrepreneurs

Prime Minister Sheikh Hasina calls upon the business community of Cambodia to explore all the avenues to do business in Bangladesh, aiming to be partners in the quest for prosperity of the two nations.
4 December 2017, 11:56 AM

EU car sales rev up despite Brexit and 'dieselgate'

Car sales returned to growth in Europe last month, the latest industry data showed on Thursday, but that Brexit and the so-called dieselgate scandal are making their impacts felt.
16 November 2017, 18:00 PM

Reaching out to Indian consumers with K-beauty

China has for years appeared to be an unchanging target for South Korea’s cosmetics export realm, but for market pioneers, India is the way to go, according to an entrepreneur specialising in Indian business.
15 November 2017, 05:14 AM

China signs $37b deal to buy 300 Boeing planes

China signed an agreement Thursday to buy 300 airplanes from US aerospace giant Boeing valued over $37 billion,
9 November 2017, 18:00 PM

New Zealand says it’s unclear if TPP deal can be reached this week

It is not clear if countries in the Trans Pacific Partnership (TPP) can reach an agreement this week at a meeting of Asia-Pacific leaders to carry forward the trade pact, New Zealand's trade minister said on Thursday.
9 November 2017, 18:00 PM

EU slashes UK growth outlook due to Brexit 'uncertainty'

The EU on Thursday slashed Britain's growth forecast for this year and said the slowdown would continue through 2019 as uncertainties over Brexit weigh on the economy.
9 November 2017, 18:00 PM

Emirates airline profit rebounds on cost savings

Leading Middle East airline Emirates said Thursday its half year net profit rebounded strongly from a slump last year due to cost saving measures and favourable exchange rates.
9 November 2017, 18:00 PM

Philippine outsourcing industry braces for artificial intelligence

The outsourcing industry in the Philippines, which has dethroned India as the country with the most call centres in the world, is worried that the rise of artificial intelligence (AI) will eat into the $23 billion sector.
9 November 2017, 18:00 PM

China October exports, imports growth slows

China's exports and import growth eased in October in a sign the world's second-largest economy is starting to cool after a strong first half, with momentum seen slackening further as Beijing's crackdown on pollution hits factory output.
8 November 2017, 18:00 PM

Dollar slips

The dollar slipped against most major currencies on Wednesday, weighed down by worries over possible delays to Donald Trump's tax reform plan and evidence of the US president's waning popularity.
8 November 2017, 18:00 PM

IMF, BOJ member say Japan needs to keep stimulus running

The International Monetary Fund on Wednesday urged Japan to maintain its massive monetary stimulus to support struggling consumer prices, a view echoed by a central bank board member, reinforcing expectations policy will remain accommodative.
8 November 2017, 18:00 PM

Germany's 'wise men' see risks as economy swells

Germany's council of economic experts on Wednesday sharply lifted growth forecasts for 2017 and 2018, but warned that an incoming government has much to do to future-proof the economy.
8 November 2017, 18:00 PM

India gold imports may fall

India's gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as
8 November 2017, 18:00 PM