Oppo cleared to open own stores in India

India has approved smartphones maker Oppo's request to open single-brand retail stores in the country, paving the way for the Chinese firm to sell directly to consumers and add to its existing wholesale business.
4 October 2017, 18:00 PM

EU hammers Amazon, Apple over taxes

The EU turned the screw on US tech giants Wednesday, ordering Amazon to repay Luxembourg 250 million euros in back taxes and taking Ireland to court for failing to collect billions from Apple.
4 October 2017, 18:00 PM

Japan's economy sees output exceed capacity the most in 9yrs

Japan's economy saw output exceed full capacity by the most in nine years in the April-June quarter, a Bank of Japan estimate showed, a positive sign for the central bank as it seeks to accelerate inflation to its elusive 2 percent target.
4 October 2017, 18:00 PM

Bank of England talking up sterling to fight inflation: S&P

Ratings agency Standard & Poor's said it was “a bit skeptical” that Britain's economy needed an interest rate increase soon and comments from the Bank of England that a hike might be nearing seemed designed to push up sterling and cool inflation.
4 October 2017, 18:00 PM

RBI keeps repo rate unchanged but frees up more liquidity

The Reserve Bank of India (RBI) kept its policy rate steady at a near seven-year low of 6 percent on Wednesday despite a sharp slowdown in economic growth, after a surge in inflation that threatened the central bank's target.
4 October 2017, 18:00 PM

Sri Lanka rejects Chinese request for local fuel sales

Sri Lanka has blocked a proposal by Chinese firms bidding to build the island's biggest oil refinery to sell fuel locally, fearing a threat to domestic firms that dominate the small but growing market.
4 October 2017, 18:00 PM

Wider benefits seen in trade deals, challenging Trump-style mercantilism

International trade deals have real benefits for small firms' competitiveness and regional integration, the International Trade Centre (ITC) said on Wednesday in research challenging US President Donald Trump's “America First” policies.
4 October 2017, 18:00 PM

Last Australian-made Toyota rolls off production line

The last Australian-made Toyota rolled off the production line Tuesday, ending over five decades of manufacturing by the Japanese firm as the once-booming local car-making industry grinds to a halt.
3 October 2017, 18:00 PM

Reliance Industries makes first purchase of US crude

Reliance Industries Ltd has purchased crude oil cargoes from the United States for the first time, drawn by the lower price for US oil versus global benchmarks, three trade sources said on Tuesday.
3 October 2017, 18:00 PM

Tesla deliveries rise in Q3

Luxury electric vehicle maker Tesla Inc said on Monday its deliveries rose 4.5 percent in the third quarter from the prior-year period, but said “production bottlenecks” had left the company behind its planned ramp-up for the new Model 3 mass-market sedan.
3 October 2017, 18:00 PM

Bank of England sees Brexit risks to EU bank lending in UK

Brexit poses risks to the ability of British companies to borrow from European banks and to some clearing activity which might have to relocate from London once Britain leaves the EU, the Bank of England said on Tuesday.
3 October 2017, 18:00 PM

Dollar U-turn could call time on 2017's emerging market boom

Developing countries have been on a borrowing binge this year with nine months of bumper investment inflows and record bond sales, but a sharp US dollar bounce into year-end could end the party early.
3 October 2017, 18:00 PM

Toshiba $18b sale of chip unit finally signed, legal challenges remain

Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key - albeit not its last - hurdle as it scrambles for funds to stave off a potential delisting.
28 September 2017, 18:00 PM

Bitcoin blow as fund drops US exchange application

An effort to allow investors to trade digital currencies as easily as stocks in the United States stumbled when the backer of a bitcoin fund said an application to list on an exchange had been withdrawn.
28 September 2017, 18:00 PM

Canada blasts Boeing, warns US jobs at stake in Bombardier trade row

Canada-US trade relations took a nosedive Wednesday after the US Commerce Department announced it would impose steep anti-dumping duties on Canadian manufacturer Bombardier's new CSeries jetliners.
28 September 2017, 18:00 PM

Myanmar's conflict-hit Rakhine a magnet for Chinese cash

Battered by global outrage over an army crackdown on Rohingya Muslims, Myanmar has found comfort in an old friend -- China, an Asian superpower whose unflinching support is tied to the billions it has lavished on ports, gas and oil in violence-hit Rakhine state.
28 September 2017, 18:00 PM

India walks tightrope with 'black money' fight

Narendra Modi is walking a tightrope with his fight against “black money”. India's prime minister has unleashed a wave of bold, and
27 September 2017, 18:00 PM

US sees strong durable goods sales in August

US manufacturers booked strong sales of big-ticket durable goods in August, with orders for aircraft, computers, autos and communications equipment all rising, according to government data released Wednesday.
27 September 2017, 18:00 PM

Uber appeals UK court case on drivers' rights 

Uber appealed before a British employment tribunal on Wednesday against a ruling that would give its drivers official worker status, as the company also battles against a threatened ban in London.
27 September 2017, 18:00 PM

Eurozone bank lending rises

Lending by eurozone bank to households and companies grew faster in August than the previous month, figures from the European Central Bank showed Wednesday.
27 September 2017, 18:00 PM