Brazil recession recedes but outlook still dark

Brazil emerged from its worst ever recession in the first quarter of 2017, officials said Thursday, but political turmoil continued to threaten the weak recovery.
4 June 2017, 18:00 PM

Bulgaria seeks to speed up euro adoption

The EU's poorest member, Bulgaria, said Friday it will start lobbying to join the European Exchange Mechanism as a first step to its planned adoption of the euro.
4 June 2017, 18:00 PM

India to levy 3pc tax on gold under new regime, industry relieved

India will tax gold at a rate of 3 percent under a new nationwide sales tax that comes into effect on July 1, the government said on Saturday.
4 June 2017, 18:00 PM

Norway's $960b fund wants banks to disclose carbon footprint of loans

Norway's $960 billion sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions, its chief executive told Reuters on Friday.
3 June 2017, 18:00 PM

US trade deficit widens in April

The US trade gap widened in April for the second straight month as Americans bought more imported consumer goods, the Commerce Department reported Friday.
3 June 2017, 18:00 PM

Canada exports to US hit record high

Canada's trade deficit narrowed in April to Can$370 million (US$274 million), as exports to the United States hit a record high, the government statistical agency announced Friday.
3 June 2017, 18:00 PM

Apple set to expand Siri, taking different route from Amazon's Alexa

Apple Inc is expected to announce plans next week to make its Siri voice assistant work with a larger variety of apps, as the technology company looks to counter the runaway success of Amazon.com Inc's competing Alexa service.
3 June 2017, 18:00 PM

Big US companies stay on White House panel despite climate jolt

Several major US companies, including Wal-Mart Stores Inc, JP Morgan Chase & Co and IBM Corp, on Friday said their CEOs will remain in an influential presidential advisory group despite objecting to President Donald Trump's withdrawal from the Paris climate accord.
3 June 2017, 18:00 PM

Air India privatisation very difficult without debt write-off: India's economic adviser

Privatising state-owned airline Air India will be "very difficult" unless the government writes off at least part of its debts, a senior government economic adviser said on Friday after a top policy panel recommended selling off the carrier.
3 June 2017, 18:00 PM

Toyota sells all shares in Tesla as their tie-up ends

Toyota Motor Corp said on Saturday it had sold all shares in Tesla Inc by the end of 2016, having canceled its tie-up with the US luxury
3 June 2017, 18:00 PM

Bitcoin exchange Coinbase seeks new funds at $1b valuation

Bitcoin exchange Coinbase Inc is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday.
3 June 2017, 18:00 PM

Merkel to talk trade in Argentina, Mexico

German Chancellor Angela Merkel will travel to Argentina and Mexico next week for talks on trade with two of Latin America's largest economies, officials said Friday.
3 June 2017, 18:00 PM

US unemployment rate hits 16-year low

US unemployment fell to a 16-year low in May but monthly job creation has slowed sharply in the past three months, creating a mixed picture of the labor market.
3 June 2017, 18:00 PM

German car sales rev up as diesel sputters

Registrations of new cars in Germany spiked in May compared with the same month last year, official data showed Friday.
3 June 2017, 18:00 PM

Bring momentum in SME financing for inclusive growth

The aggregate increase in per capita income of a country does not necessarily ensure poverty reduction, particularly in a developing economy like Bangladesh.
3 June 2017, 18:00 PM

Putin promises economic reform, but does little

From President Vladimir Putin down, Russian officials have long agreed the country's economy needs to reform or risk prolonged stagnation as it edges out of the longest recession in 20 years.
3 June 2017, 18:00 PM

Indian tycoon tries to soothe RelComm investor fears

Indian billionaire Anil Ambani insisted Friday that debt-saddled Reliance Communications had a bright future as he moved to reassure investors who are worried that the telecoms company is close to defaulting on loans.
3 June 2017, 18:00 PM

India sugar output expected to jump on decent monsoon

India's 2017/18 sugar production will likely jump a quarter from the previous year to 25 million tonnes as decent monsoon rains are forecast, the head of an industry body told Reuters.
31 May 2017, 18:00 PM

Spanish taxis go on strike against Uber, Cabify

Thousands of Spanish taxis went on strike in Madrid and Barcelona on Tuesday to protest against ride-hailing companies such as Uber and Cabify.
31 May 2017, 18:00 PM

Layoffs rile India's flagship IT sector

Experienced Indian techie Raghu Narayanaswamy lost his job recently and fears he may not get another, as analysts warn of massive layoffs across the country's multi-billion-dollar information technology sector.
31 May 2017, 18:00 PM