China's influence grows as Russian crisis rocks Central Asia

At a bazaar in Tajikistan's capital Dushanbe, once a far-flung outpost of the Soviet Union, cheap goods from neighbouring China are
6 July 2015, 18:00 PM

Beijing names preferred chief for China-led bank

Beijing on Monday named a former vice minister of finance as its preferred candidate to head the China-led Asian Infrastructure
6 July 2015, 18:00 PM

German factory orders slip in May

German industrial orders, a key measure of demand for goods in Europe's top economy, slipped slightly in May, the economy ministry
6 July 2015, 18:00 PM

Singapore says impact of Greece 'No' vote negligible

Asian financial centre Singapore's direct exposure to debt-ridden Greece is "negligible", the city-state's central bank said Monday after
6 July 2015, 18:00 PM

$3b Islamic sukuk programme launched

The Arab Petroleum Investments Corporation (APICORP) said Monday it has established a $3-billion Islamic sukuk programme to diversify
6 July 2015, 18:00 PM

Rolls-Royce cuts profit forecasts as new CEO takes helm

British engineer Rolls-Royce cut profit expectations for the third time in nine months on Monday, increasing the challenge for its new
6 July 2015, 18:00 PM

Varoufakis: Scourge of Greece's creditors

Greece's maverick finance minister Yanis Varoufakis, who announced his surprise resignation on Monday, achieved near-celebrity
6 July 2015, 18:00 PM

Eurozone's poorer nations take hard line on Greece

The eurozone's poorer former communist nations, having themselves endured painful market reforms and austerity programmes, are
6 July 2015, 18:00 PM

Sugar, flour, rice: panicked Greeks stock up on essentials

Greeks were hoarding cash and food Saturday amid mounting fears the economy could collapse, cracking open their wallets only to
5 July 2015, 18:00 PM

India's $100b solar push draws foreign firms

India's $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers
2 July 2015, 18:00 PM

PayPal buys Xoom in $890m deal

Online payments titan PayPal said Wednesday it is buying international money-sending service Xoom in a deal valued at $890 million.
2 July 2015, 18:00 PM

Even with a bailout, Greece's debt must be tackled

Write down, write off, restructure, reprofile whatever term you choose, if Greece doesn't completely default on its debt, its creditors will
2 July 2015, 18:00 PM

Apple Music goes live

Apple's new streaming service went live Tuesday with a flashy radio station and artist exclusives, as the company that dominated digital music through iTunes looks to the future.
1 July 2015, 18:00 PM

WB warns China over state financial control

The World Bank on Wednesday urged China to accelerate reform of its state-dominated financial sector, warning that failure to address the issue could end "three decades of stellar performance" for the world's second-largest economy.
1 July 2015, 18:00 PM

Thai crackdown on rogue fishing as fears grow over EU ban

A belated Thai clampdown on illegal fishing is forcing unlicensed vessels ashore, threatening to paralyse a key industry as the kingdom desperately tries to avoid a European Union ban on exports worth $1 billion a year.
1 July 2015, 18:00 PM

Xiaomi takes first big step outside Asia with Brazil smartphone

Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up.
1 July 2015, 18:00 PM

China parliament ratifies BRICS Bank agreement

China's largely rubber-stamp parliament ratified an agreement with the world's largest emerging nations on Wednesday to create a new development bank, state news agency Xinhua reported.
1 July 2015, 18:00 PM

Global pharma firms grilled about tax in Australia

The world's top pharmaceutical companies Wednesday told an Australian parliamentary hearing they were compliant with local and international laws, despite claims they are charging higher prices to minimise tax.
1 July 2015, 18:00 PM

Inflation picks up in Indonesia during Muslim holy month

Inflation rose in Indonesia in June as tens of millions of Muslims observing the Islamic holy month spent extra cash on food, government data showed Wednesday.
1 July 2015, 18:00 PM

West African leaders urge liberalisation of region's power sector

Five West African leaders Wednesday urged regional governments to liberalise the region's electricity sector to overcome insufficient power capacities that deprive most of the area's 300 million inhabitants access to energy.
1 July 2015, 18:00 PM