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Second unit of Kudankulam nuke plant reaches 100pc power level

The second unit of India's Kudankulam nuke plant—built with Russian assistance—reached 100 percent power level for the first time recently. Earlier it was operating at 90 percent power level.
25 January 2017, 18:00 PM

African wealth funds seeking foreign partners to fix infrastructure gap

Africa, famously short of new roads, ports and power stations, is increasingly leaning on its own sovereign investment funds to help fix its infrastructure gap.
25 January 2017, 18:00 PM

Dollar hits seven-week low on Trump worries

The dollar tumbled to a seven-week low against a basket of currencies on Wednesday on worries that US President Donald Trump was focusing too much on protectionism and isolationism, and not enough on pro-growth policies.
25 January 2017, 18:00 PM

Trade war between China and the US is a lose-lose: state media

A trade war between China and the United States would harm both countries, the overseas edition of the state run People's Daily said on Wednesday, reflecting concerns over the protectionist, and anti-China stance taken by new US President Donald Trump.
25 January 2017, 18:00 PM

Germany clings to growth hopes as Trump clouds gather

The German government on Wednesday maintained its growth forecast for 2017, even as a monthly survey showed firms increasingly nervous about the future in the face of global uncertainty.
25 January 2017, 18:00 PM

EU calls for China to take concrete steps in opening market

The European Union urged China on Wednesday to make "concrete progress" in opening its markets to global investment, after Chinese President Xi Jinping decried protectionism in a speech at the recent World Economic Forum in Davos, Switzerland.
25 January 2017, 18:00 PM

Indonesia reconsidering TPP plans, eyes bilateral deals

Indonesia is interested in pursuing a bilateral economic partnership with the United States after the world's biggest economy abandoned the Trans-Pacific Partnership (TPP) accord, an Indonesian official said on Wednesday.
25 January 2017, 18:00 PM

Japan cool to inviting China into TPP as Abe repeats free trade mantra

Japan is cool to the notion of inviting China to join a pan-Pacific trade pact abandoned by US President Donald Trump, fearing such a step would boost Beijing's clout and water down what was meant to be the 'gold standard' for rules of trade.
25 January 2017, 18:00 PM

Novartis to buy back $5b in shares

Swiss pharmaceutical giant Novartis announced Wednesday a $5.0 billion share buyback even though competition from generics ate away at sales and earnings last year.
25 January 2017, 18:00 PM

Taiwan economy rallies thanks to electronics demand

Taiwan's economy notched up its best performance in almost two years in the final quarter of 2016, with strong demand for electronics offsetting a plunge in mainland tourists, according to official data released Wednesday.
25 January 2017, 18:00 PM

LNG demand, prices surprise, but wave of new supply yet to crest

China's record imports of liquefied natural gas (LNG) in December, and the doubling in spot Asian prices in the past six months, appear to contradict the prevailing market view that supply is overwhelming demand for the super-chilled fuel.
25 January 2017, 18:00 PM

ChemChina to file for anti-trust approval in US for takeover

China's state-owned chemical corporation ChemChina has asked US anti-trust regulators to greenlight its $43 billion acquisition of Swiss seed giant Syngenta, a report said Friday.
21 January 2017, 18:00 PM

India pressed ahead with banknote ban

India pushed ahead with its decision to scrap banknotes even as the Reserve Bank of India's (RBI) own board expressed concern whether the cash could be replaced quickly enough, the central bank has said in written testimony to parliament.
21 January 2017, 18:00 PM

HSBC cutting around 100 senior banking jobs globally

HSBC has begun cutting around 100 senior jobs in its investment banking division worldwide this week, according to sources with direct knowledge of the matter.
21 January 2017, 18:00 PM

Strong health product sales boost P&G earnings

Consumer-products giant Procter & Gamble reported better-than-expected quarterly earnings Friday and lifted its 2017 sales forecast, due in part to strong demand for health products.
21 January 2017, 18:00 PM

Samsung probe finds faulty batteries triggered fire

A Samsung probe into the exploding batteries that forced the electronics giant to scrap its Galaxy Note 7 smartphones has found irregularly sized batteries caused overheating, the Wall Street Journal reported Friday.
21 January 2017, 18:00 PM

Japan threatens India with WTO on steel as Trump era heralds rising trade tensions

JAPAN is threatening to take India to the WTO over restrictions that nearly halved its steel exports to the South Asian nation over the past year, a step that could trigger more trade spats as global tensions over steel and other commodities run high.
21 January 2017, 18:00 PM

Toshiba making preparations for sale of stake in chip business

JAPAN'S Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multibillion-dollar writedown.
21 January 2017, 18:00 PM

Trump trade strategy starts with quitting Asia pact

The new US administration of President Donald Trump said on Friday its trade strategy to protect American jobs would start with withdrawal from the 12-nation Trans-Pacific Partnership (TPP) trade pact.
21 January 2017, 18:00 PM

Merkel vows compromise with US on trade, military spending

German Chancellor Angela Merkel vowed on Saturday to seek compromises on issues like trade and military spending with US President Donald Trump, adding she would work on preserving the important relationship between Europe and the United States.
21 January 2017, 18:00 PM