In race to be Asia's fintech hub, Singapore leads Hong Kong

Singapore is rushing to reinvent itself as Asia's financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy.
4 July 2016, 18:00 PM

In memory of the man who built Pran

The likely path after retirement preferred by most is to stay among family members, maintain a social life and relax after a life of hard work. But that was not the case for Amjad Khan Chowdhury.
4 July 2016, 18:00 PM

Eid gives a boost to online shopping

Sharlin Islam is an MBA student at a leading private university in Dhaka. She finds it difficult to juggle between a day job at a local advertising firm, her evening classes and a fulltime role as the head of a joint family. Needless to say, she is pressed for time and her weekends are spent running chores. Whatever little time that is left to call her own, Sharlin spends lazing at home.
4 July 2016, 18:00 PM

Sri Lanka's new central bank chief to 'uphold credibility'

The new head of Sri Lanka's central bank Indrajit Coomaraswamy pledged Monday to uphold its credibility after allegations of insider
4 July 2016, 18:00 PM

India may alter minimum import price list for steel sector

India may alter the list of steel items that attract a minimum import price if the country decides to continue with the protectionist measure beyond August, steel secretary Aruna Sundararajan said.
4 July 2016, 18:00 PM

Kuwait to tap foreign debt markets to finance deficit

Kuwait said Sunday it plans to tap the international debt market through bond issues to finance its budget deficit after recording a first shortfall in 16 years.
4 July 2016, 18:00 PM

German new car sales rise in June

New car registrations in Germany, a key indicator of demand in Europe's top economy, rose strongly in June, official data showed on Monday.
4 July 2016, 18:00 PM

Britain to hire foreign trade negotiators after Brexit

Britain will look to hire foreign trade negotiators to help it meet the challenge of striking new trade deals with countries in Europe and beyond after last month's shock decision to leave the European Union, Foreign Secretary Philip Hammond said.
4 July 2016, 18:00 PM

China's yuan hits new 5-1/2 year low as central bank stays on the sidelines

China's yuan touched a new 5-1/2 year low against the dollar for the second consecutive session on Monday on concerns that the central bank would tolerate a further weakening of the currency, as the bank appeared to have stood aside, traders said.
4 July 2016, 18:00 PM

Brexit vote shakes up London property market

The aftershocks of Britain's decision to leave the European Union have hit the property sector over the past week, with a foreign bank freezing loans for buyers and some investors pulling out of commercial deals.
4 July 2016, 18:00 PM

UK to face inflation, recession risks due to Brexit: ECB

Britain will face two key challenges, inflation and recession, after Britons voted to leave the European Union, or Brexit, European Central Bank Governing Council member Francois Villeroy de Galhau said on Sunday.
3 July 2016, 18:00 PM

Toyota recalls 3.37m cars over airbag, emissions control issues

Japan's Toyota Motor Corp has recalled 3.37 million cars worldwide over possible defects involving airbags and emissions control units.
29 June 2016, 18:00 PM

German inflation picks up

Inflation in Germany accelerated fractionally in June, buoyed by rising prices in the services sector and shallower declines in energy prices, a preliminary estimate showed on Wednesday.
29 June 2016, 18:00 PM

UK investment to drop 5pc next year: Fitch

Credit ratings agency Fitch forecast on Wednesday that investment in the British economy will fall 5 percent next year, two days after it downgraded Britain's credit rating after last week's vote to leave the European Union.
29 June 2016, 18:00 PM

Single market boosts UK car industry

Access to the single market has been a key factor behind the success of the UK car industry, its trade body has said, as it reported record turnover in 2015.
29 June 2016, 18:00 PM

First US chain hotel in a half- century opens in Cuba

Starwood Hotels on Tuesday took over management of a luxury hotel in central Havana, becoming the first big American hospitality chain with a presence on the island since the Cuban Revolution a half-century ago.
29 June 2016, 18:00 PM

How one man took on Wall Street and won

AS David and Goliath stories go, Brad Katsuyama's is a pretty good one. The 38-year-old has taken on billions of dollars of vested interest on Wall Street, and won for the little guy.
27 June 2016, 18:00 PM

Brexit: Asian powers warnings over global economic stability

Some of Asia's biggest economies have expressed concerns over the world's economic stability as a result of Britain's vote to leave the EU.
27 June 2016, 18:00 PM

China cuts yuan fix

China weakened the yuan's fixing almost one percent to a five-and-half-year low against the dollar Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
27 June 2016, 18:00 PM

Intel considers sale of cyber security business

Chipmaker Intel Corp is considering the sale of its cyber security business, the Financial Times reported on Sunday.
27 June 2016, 18:00 PM