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

Upheaval, blockade push Nepal's trade deficit to new record

Nepal's trade deficit grew to a record $6.5 billion in the financial year to mid-July, an increase of 2 percent, as political upheaval, a blockade of its border with India and the lack of industrial development all weighed on foreign trade.
29 August 2016, 18:00 PM

Union votes for strike mandate in Canadian auto talks

The union representing most Canadian autoworkers has voted for a strike mandate, it said on Sunday, bolstering its position in contract negotiations with the Big Three US carmakers.
29 August 2016, 18:00 PM

Gold hits near 5-week low after Fed strikes hawkish note

Gold slid to a near five-week low on Monday after comments from top Federal Reserve officials fuelled speculation that US interest rates would rise sooner rather than later, weighing on the dollar.
29 August 2016, 18:00 PM

Euro zone business growth stable in August

Surprisingly strong growth in France supported stable euro zone private business activity during August but factories could face a tougher September as new order growth stumbled, surveys showed on Tuesday.
23 August 2016, 18:00 PM

Oil prices fall as analysts say market still oversupplied

Oil prices fell on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.
23 August 2016, 18:00 PM

Illicit gold: India's smugglers shut out refiners, banks

Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.
23 August 2016, 18:00 PM

Deal puts Microsoft apps on Lenovo smartphones

Microsoft apps such as Office and Skype will be installed on Lenovo mobile devices powered by Android software under the terms of a collaboration announced late Monday.
23 August 2016, 18:00 PM

Japan manufacturing output rises for first time in six months

Japanese manufacturing activity showed signs of steadying in August as output rose for the first time in six months, in a tentative sign that the economy may be recovering from a slump earlier this year, a private survey showed on Tuesday.
23 August 2016, 18:00 PM

Samsung Electronics says to sell third Tizen OS smartphone in India

South Korean tech giant Samsung Electronics Co Ltd said on Tuesday it will start selling its third smartphone powered by the company's own Tizen mobile operating system in India next week.
23 August 2016, 18:00 PM

VW reaches deal with suppliers to resume production

German car giant Volkswagen said on Tuesday it had reached a deal with suppliers to begin deliveries again after a stoppage that forced the group to halt production at several plants.
23 August 2016, 18:00 PM

Sharp to review TV licensing deals to boost global presence

Japanese electronics maker Sharp Corp said Tuesday it will review its TV brand licensing deals overseas in an effort to boost its global presence under the aegis of Taiwan's Foxconn.
23 August 2016, 18:00 PM

Samsung plans refurbished smartphone programme

Samsung Electronics Co Ltd plans to launch a program to sell refurbished used versions of its premium smartphones as early as next year, a person with direct knowledge of the matter told Reuters.
22 August 2016, 18:00 PM

High wages flash recession warnings in Singapore

Saladstop owner Adrien Desbaillets has eased off on expansion plans for his organic food chain in Singapore because high wages are pressuring profit margins at a time when the affluent city state is grappling with low growth and slack global demand.
22 August 2016, 18:00 PM

Modi govt regains composure after Rajan shock

Raghuram Rajan's abrupt announcement of his departure as governor of the Reserve Bank of India came as a nasty surprise to many, especially his fans in the investment community, but the way Urjit Patel was chosen as his successor has been anything but.
22 August 2016, 18:00 PM

US banks want to cut branches, but customers keep coming

Despite banks' nudging toward online tools, many US customers are not ready to give up regular visits to their nearest branch, complicating the industry's efforts to slim down.
22 August 2016, 18:00 PM

Oil falls as China fuel exports jump, US rigs rise

Oil prices fell nearly 3 percent on Monday as China ramped up exports of refined products, US oil producers added rigs for an eighth consecutive week, and prospects emerged for increased exports from Iraq and Nigeria. Brent crude futures LCOc1 were trading at $49.39 per barrel at 1028 GMT, down $1.49 from their last close.
22 August 2016, 18:00 PM

Taiwan probes leading bank linked to Panama Papers

Taiwan is investigating a bank linked to the so-called Panama Papers scandal, in the wake of a $180 million fine levied by US authorities for "flagrant disregard" of anti-money laundering laws.
22 August 2016, 18:00 PM

China to lower firms' financing costs

China's State Council, or cabinet, issued guidance on effectively lowering firms' financing costs, the latest move to cushion an economic slowdown in the world's second-largest economy.
22 August 2016, 18:00 PM