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Asia sentiment hits five-quarter high as China, Brexit worries ease

Sentiment at Asian companies edged up to its highest level in five quarters in July-September, boosted by signs that China's economy is stabilizing and as concerns about Britain's move to exit the European Union recede, a Thomson Reuters/INSEAD survey showed.
21 September 2016, 18:00 PM

Intel to spin off cybersecurity unit McAfee

US tech giant Intel announced plans Wednesday to spin off its cybersecurity operations as an independent company under the name McAfee.
8 September 2016, 18:00 PM

China imports break two-year losing streak in August

China's imports rose for the first time in nearly two years in August, figures showed Thursday, the 1.5 percent annual increase beating expectations in a positive sign for the world's second-largest economy.
8 September 2016, 18:00 PM

Super Mario's iPhone surprise fuels hopes for Nintendo

Nintendo Co's surprise announcement that its popular game franchise Super Mario Bros would debut on Apple Inc's new iPhone propelled its shares sharply higher on Thursday on hopes the firm had at last embraced mobile gaming.
8 September 2016, 18:00 PM

Apple unveils iPhone 7 but some still waiting for iPhone 8

Apple Inc unveiled an iPhone 7 with high-resolution cameras and no headphone jack at its annual launch event Wednesday, though the biggest surprise was the debut of a three-decade-old Nintendo game franchise, Super Mario Bros, on the smartphone.
8 September 2016, 18:00 PM

UK says sets up working group with India to prepare for post-Brexit trade

Britain has set up a trade working group with India to prepare for a future deal following Britain's exit from the European Union, trade minister Liam Fox said on Thursday.
8 September 2016, 18:00 PM

Reliance of smaller Chinese banks on interbank funds raises credit worries

A growing reliance by smaller Chinese banks on cheap short-term funds from bigger peers is raising the risk of a credit crunch and prompting regulators to push the banks towards more stable funding.
8 September 2016, 18:00 PM

India to focus reforms on tax, banks, infrastructure: Jaitley

India will press ahead with tax reforms, repairing the banking system and getting stalled infrastructure projects moving to drive growth, Finance Minister Arun Jaitley said on Wednesday, but it is not yet ready to sell off its state banks.
7 September 2016, 18:00 PM

China August forex reserves fall to lowest since 2011

China's foreign exchange reserves fell to the lowest since 2011 in August as the central bank intervened to support the yuan currency as it weakened to near-six year lows.
7 September 2016, 18:00 PM

Muhith backs taxes at all income levels

It should be compulsory for everyone with an income to pay taxes as it will create a culture of paying taxes and give a sense of pride among all, Finance Minister AMA Muhith said yesterday.
7 September 2016, 18:00 PM

Oil rises

Oil rose yesterday to pare some of the previous day's losses, partly thanks to a weaker US dollar, but the limited likelihood of a near-term agreement among the world's biggest exporters to rein in production kept gains in check.
7 September 2016, 18:00 PM

LG seeks to revive mobile arm with new V20 smartphone

LG Electronics Inc unveiled a premium smartphone on Wednesday that the South Korean firm hopes will help revive its money-losing mobile business, a major revenue contributor and key customer for components suppliers in the LG group.
7 September 2016, 18:00 PM

Economists trim 2017 Singapore growth forecast

Economists trimmed their forecasts for Singapore's growth in the third quarter and for next year while keeping their expectations for 2016 growth unchanged, a central bank survey showed on Wednesday.
7 September 2016, 18:00 PM

India to push for WTO trade facilitation deal in services

India will present proposals to the World Trade Organization on ways to ease trade in services, Commerce Minister Nirmala Sitharaman said on Wednesday, as Asia's third-largest economy seeks to leverage one of its competitive strengths.
7 September 2016, 18:00 PM

British finance minister to meet bank bosses on Brexit game plan

Top British bankers will tell finance minister Philip Hammond on Wednesday to give them a clearer idea of what the country's divorce from the European Union will mean for them when they hold their first meeting since the Brexit vote.
7 September 2016, 18:00 PM

Canada central bank keeps key lending rate at 0.5pc

Canada's central bank maintained its key lending rate at 0.5 percent Wednesday while signaling hope for an economic rebound in the coming months following a dismal first half of 2016.
7 September 2016, 18:00 PM

Ukraine plans to deliver world's largest jet to China

Ukraine said on Wednesday it may deliver the world's largest jet -- originally developed for the Soviet Union's abandoned space shuttle programme -- to China within the next five years.
7 September 2016, 18:00 PM

Amazon to start restaurant deliveries in London

Amazon said it would start delivering meals from restaurants direct to customers in some parts of London, the newest entrant to an increasingly competitive market which includes Just Eat, UberEats and Deliveroo.
7 September 2016, 18:00 PM

Microsoft offers wide range of cloud services from UK datacentres

Microsoft Corp is introducing a complete set of cloud services from data centres in Britain, its second biggest market for cloud-based software after the United States, as demand for data localisation spreads across Europe and around the world.
7 September 2016, 18:00 PM

Euro zone countries issue long bonds to avoid shocks, but at a price

A push by some euro zone countries to issue debt that won't need repaying for many decades may come at a price - but for borrowers who lived through the bloc's 2010-2012 crisis, it's probably a price worth paying.
7 September 2016, 18:00 PM