Modi urges Spanish firms to invest in India

Indian Prime Minister Narendra Modi on Wednesday urged Spanish firms to invest in India, saying the fast-growing country offered
31 May 2017, 18:00 PM

Canada Q1 economic growth leaps to 3.7pc

Canada's economy roared back to life in the first three months of this year, as more business and household spending pushed growth to 3.7 percent, the government's statistical agency announced Wednesday.
31 May 2017, 18:00 PM

Toyota uses open-source software in new approach to in-car tech

Toyota Motor Corp on Wednesday said the infotainment system of its revamped Camry sedan to be sold in the United States will run on a Linux-based, open-source technology platform as it tries to keep up with tech firms in developing software for cars.
31 May 2017, 18:00 PM

China factories hum in shadow of debt risk

China's industrial engine cranked up again in May, reassuring investors worried about slowing growth in the world's second-biggest economy as it grappled with debt risks and tried to shake off a stinging ratings downgrade from Moody's Investors Service.
31 May 2017, 18:00 PM

German inflation tumbles in May

Inflation in Germany, Europe's largest economy, fell back in May, official figures showed on Tuesday, as the volatility seen in the headline
31 May 2017, 18:00 PM

Saudi Aramco-Hyundai in $5.2b shipyard deal

Saudi Aramco is to build the region's biggest shipyard in a $5.2 billion joint venture with South Korea's Hyundai Heavy Industries and others, the partners said on Wednesday.
31 May 2017, 18:00 PM

US fines Deutsche Bank $41m over money laundering violations

The US Federal Reserve on Tuesday fined German financial giant Deutsche Bank $41 million over failures to screen billions of dollars in potentially suspicions transactions.
31 May 2017, 18:00 PM

Weaker gas prices pull down profits: Gazprom

Russian gas giant Gazprom on Wednesday announced a drop in first-quarter profits on the back of weaker gas prices in Europe, but the damage for the energy mammoth was less than expected.
31 May 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

German consumer confidence up for second month

German consumers remain in an upbeat mood for a second month in a row, dismissing risks on the horizon in view of a humming economy, said a closely-watched survey Wednesday.
24 May 2017, 18:00 PM

Jump in renewable energy jobs worldwide: agency

The renewable energy sector employed 9.8 million people worldwide in 2016, marking a sharp increase from 2012, the Abu Dhabi-based International Renewable Energy Agency said on Wednesday.
24 May 2017, 18:00 PM

Vietnam plans to open special economic zones

Vietnam plans to open three special economic zones that offer investors greater incentives and fewer restrictions than available to date in the country, the investment minister said.
24 May 2017, 18:00 PM

India's electric vehicles push likely to benefit Chinese car makers

India's ambitious plan to push electric vehicles at the expense of other technologies could benefit Chinese car makers seeking to enter the market, but is worrying established automakers in the country who have so far focused on making hybrid models.
24 May 2017, 18:00 PM

M&S posts slump in annual net profit

Marks and Spencer posted a 71-percent slump in annual net profits on Wednesday, hit by vast restructuring costs and sliding clothing sales, the British retail giant said Wednesday.
24 May 2017, 18:00 PM

Indian yogi shows power of local consumer kings

An Indian yogi is demonstrating the power of local consumer champions. Baba Ramdev, a saffron-robed tycoon, says his company,
24 May 2017, 18:00 PM

Evolving with enterprise applications

Companies in Bangladesh have been familiar with enterprise resource planning (ERP) for about two decades. ERP is business process
24 May 2017, 18:00 PM

War on sugar takes toll; Asia, Brazil struggle to make up shortfall

The "war on sugar" being waged by governments and consumers to combat public health emergencies like diabetes is slowing growth in global demand, which along with other factors could signal a fundamental shift in consumption ahead.
24 May 2017, 18:00 PM

Volvo Cars says new generation of diesel engines could be the last: CEO

Swedish carmaker Volvo's latest generation of diesel engines could be its last as the cost of reducing emissions of nitrogen oxide is becoming too much, Chief Executive Hakan Samuelsson was quoted as saying on Wednesday.
17 May 2017, 18:00 PM

Mattra wins Golden Globe Tigers Awards

Advertising agency Mattra has recently won the Golden Globe Tigers Awards 2017 held in Kuala Lumpur in Malaysia.
17 May 2017, 18:00 PM

Western banks eclipsed by China's along the new Silk Road

For global banks, China's new "Silk Road" is a tantalising concept: billions of dollars in deals, loans and advisory fees, and a cosier relationship with Beijing for those who step up.
17 May 2017, 18:00 PM