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China to keep 2016 economic growth in reasonable range

Chinese leaders, meeting ahead of an agenda-setting conference, pledged on Monday to keep the country's economic growth in a "reasonable range" in 2016 by expanding domestic demand and making supply-side improvements.
14 December 2015, 18:00 PM

US calls for overhaul of deadlocked world trade talks

The United States called Monday for a fresh start to break a 14-year deadlock in negotiations to free up world trade in good and services worth some $23 trillion (21 trillion euros).
14 December 2015, 18:00 PM

Shell says to cut 2,800 jobs following BG takeover

Royal Dutch Shell on Monday said it planned to cut 2,800 jobs following its mega takeover of smaller rival BG Group.
14 December 2015, 18:00 PM

'Made in Ghana' cars go on sale

Japanese Toyotas, German Mercedes and BMWs, GM cars and trucks from the USA are driven in countries around the world. But in Ghana
14 December 2015, 18:00 PM

Gold trades at discount in India as jewellers delay purchases

GOLD prices in India swung to a discount for the first time in a month on Monday as jewellers and dealers in the world's second biggest consumer postponed purchases ahead of an expected hike in U.S. interest rates later this week.
14 December 2015, 18:00 PM

Alibaba to pay $266m for Hong Kong's SCMP newspaper

Chinese Internet giant Alibaba will pay $266 million for Hong Kong's South China Morning Post, the newspaper said Monday, far higher
14 December 2015, 18:00 PM

Japan business confidence flat despite signs of recovery: BoJ

Japan's biggest manufacturers were in a cautious mood during the last quarter of the year, a central bank survey showed Monday, despite a modest pick-up in the world's number three economy.
14 December 2015, 18:00 PM

Wholesale prices in India fall again in Nov

India's wholesale prices fell for a 13th straight month in November, but a sharp pickup in food prices and a pending wage hike for millions of government employees are likely to keep policymakers worried about potential inflationary risks.
14 December 2015, 18:00 PM

Fed rate hike wrong move for emerging economies

An expected first interest rate in almost a decade by the Federal Reserve on Wednesday could squeeze emerging economies' room for manoeuvre as they try to stave off recession, analysts warn.
14 December 2015, 18:00 PM

China consumer inflation creeps up in Nov

China's consumer inflation rate edged up in November, official data showed Wednesday, while factory gate price falls lingered at a six-year low as the world's second-largest economy grapples with slowing growth.
9 December 2015, 18:00 PM

Indian industry group to launch first physical gold exchange

A bullion association in India is planning to launch the country's first physical gold trading exchange, in an attempt to bring transparency to the market for the precious metal in the world's second biggest consumer.
9 December 2015, 18:00 PM

Yahoo will not spin off Alibaba stake, weighs core business sale

Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd, CNBC reported, with an announcement coming as soon Wednesday.
9 December 2015, 18:00 PM

Chinese steel dumping threatens sector recovery in Europe, US

European and US steel producers are only slowly emerging from a 2008 sector meltdown, but already they are faced with a new challenge: Chinese dumping.
9 December 2015, 18:00 PM

Open but not trading: Myanmar launches fledgling bourse

Myanmar officially launched its first modern stock exchange Wednesday, but without a single stock to trade until next year, as the nation's latest drive for economic revitalisation struggles to take flight.
9 December 2015, 18:00 PM

OnePlus to narrowly miss India smartphone sales target

Chinese smartphone maker OnePlus will miss its target of selling 1 million handsets in India in 2015 - its first year in the country - but not by much, a company executive said.
9 December 2015, 18:00 PM

As Rajan tightens screws, Indian banks can still disguise bad debts

A tool provided by India's central bank to help lenders tackle bad debts is instead helping to camouflage the scale of the problem, evidence of how the country's banks will struggle to meet an ambitious clean-up target in 16 months' time.
9 December 2015, 18:00 PM

Economists trim Singapore 2015, 2016 growth forecasts

Economists have revised their economic growth forecasts for Singapore for 2015 and 2016 down from their projections three months ago, a central bank survey showed on Wednesday.
9 December 2015, 18:00 PM

Change takes root in India's remote northeast

THE ancient root bridges spanning the rivers of the remote northeast are some of India's most iconic images, symbolising a slower pace of life unimaginable in its bustling megacities.
9 December 2015, 18:00 PM

Uber enters Sri Lanka

Taxi app company Uber launched Wednesday in Sri Lanka, a country dominated by three-wheeler auto rickshaws, as part of the US
9 December 2015, 18:00 PM

Turkish economy risks losing $9b over Russia crisis: Deputy PM

Tensions with Russia could cost Turkey's economy $9 billion in the worst case scenario of "zero relations", Turkish Deputy Prime Minister said Monday.
7 December 2015, 18:00 PM