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British consumer morale recovers some of its Brexit slump in August: GfK

British consumer morale in August recovered some of its post-Brexit slump, a survey showed on Wednesday, a latest sign that consumers are adjusting to the decision to leave the European Union.
31 August 2016, 18:00 PM

Sony Pictures to buy sports channels from India's Zee for $385m

India's Zee Entertainment Enterprises Ltd said on Wednesday it has agreed to sell its sports broadcasting business to Sony Pictures Networks for $385 million, as it rejigs its media content delivery businesses.
31 August 2016, 18:00 PM

Chinese giant to buy Pakistani power company for $1.6b

Chinese multinational Shanghai Electric is set to buy the utility serving Pakistan's biggest city of Karachi, in a $1.6 billion deal that will be
31 August 2016, 18:00 PM

Twitter to share ad revenue on videos by US users

Twitter Inc on Tuesday stepped up its battle to attract video talent to its platform, saying it will allow US users who upload a video to share in any advertising revenue it generates.
31 August 2016, 18:00 PM

Asia's July Iran oil imports rise 61pc

Imports of Iranian oil by four major buyers in Asia in July jumped 61.1 percent from a year earlier, marking the biggest percentage gain since April 2014, reflecting Tehran's aggressive moves to recoup market share, lost under international sanctions.
31 August 2016, 18:00 PM

Euro zone inflation stable in August

Euro zone inflation was stable in August, against expectations of a slight rise, as food, industrial good and services prices increased by less than in July, piling more pressure on the European Central Bank to act.
31 August 2016, 18:00 PM

Global funds flee UK assets post-Brexit

Global investors cut their UK equity and bond exposure in August in the wake of Britain's vote to leave the European Union and sought out higher-yielding emerging markets in reaction to Western central banks' loose monetary policies.
31 August 2016, 18:00 PM

From big oil to big data: inside Mukesh Ambani's $20b start-up

AT the vast open-plan headquarters of Indian telecoms start-up Jio, billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service.
31 August 2016, 18:00 PM

G20 watchdog says bank rules working well, digs deeper into markets

The financial system's ability to cope with Britain's vote to leave the European Union and with doubts over growth prospects show the benefits of rules introduced since the 2008 collapse of Lehman Brothers bank, a global watchdog said on Wednesday.
31 August 2016, 18:00 PM

India accords residency status to foreign investors

India approved a plan on Wednesday to allow foreign investors to settle, emulating a policy in countries such as the United States and Singapore to woo investment from abroad.
31 August 2016, 18:00 PM

China will set up seven more free trade zones

China will set up seven new free trade zones (FTZs), bringing the total to 11, the Xinhua news agency reported on Wednesday. The new zones will be in Liaoning, Zhejiang, Henan, Hubei, Sichuan, Shaanxi and Chongqing, Xinhua said.
31 August 2016, 18:00 PM

EU insists 'ball still rolling' on US trade deal

The European Commission on Monday insisted talks on a huge US free trade deal were on track, rejecting German claims that irreconcilable differences had left the deal dead in the water.
29 August 2016, 18:00 PM

India's growth pace likely slowed in April-June: poll

India's economic growth likely lost some momentum in the April-June quarter on cutbacks in domestic and global demand, a Reuters poll showed.
29 August 2016, 18:00 PM

Sharp wants to team up with Japan Display in OLED

Japan's Sharp Corp is hoping to team up with its domestic rival Japan Display Inc in organic light-emitting diode (OLED) displays to catch up with South Korean manufacturers, the Nikkei business daily reported on Monday.
29 August 2016, 18:00 PM

Oil falls towards $49 on high output, strong dollar

Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East Opec members and as a stronger US dollar weighed on commodities.
29 August 2016, 18:00 PM

US SEC paid $3.75m to BHP Billiton whistleblower

The US Securities and Exchange Commission paid a BHP Billiton insider $3.75 million for detailed information in an investigation into alleged bribery of Asian and African officials, the Australian Financial Review reported on Monday.
29 August 2016, 18:00 PM

Cyber threat grows for bitcoin exchanges

When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency.
29 August 2016, 18:00 PM

Wheels up for China's new aero-engine group

China officially launched a new multi-billion dollar jet engine conglomerate with almost 100,000 employees at the weekend, as Beijing seeks to become an aerospace power and compete with the likes of Rolls Royce and General Electric.
29 August 2016, 18:00 PM

RBI says focused on bringing inflation down to 4pc

The Reserve Bank of India said on Monday its focus remains on bringing down consumer inflation to 4 percent, while managing cash conditions and cleaning up the banking sector of soured assets would be its other priorities.
29 August 2016, 18:00 PM

China auto giant SAIC's net profit up 6pc in first half

China's biggest carmaker Shanghai Auto Industry Corporation (SAIC) has reported a rise in net profit of more than six percent in the first half on stronger sales.
29 August 2016, 18:00 PM