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Global Economy
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Global Economy
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Global Economy
Lack of dividend and loan growth take shine off StanChart
A failure to resume dividends and to grow its loans overshadowed a recovery in first half profits for Standard Chartered, pushing its shares 5 percent lower on Wednesday.
2 August 2017, 18:00 PM
South Asia becomes global LNG hotspot as Bangladesh enters market
South Asia, long a backwater for energy markets, is emerging as a hotspot for liquefied natural gas (LNG), with Pakistan and Bangladesh set to join India as major consumers, helping to ease global oversupply that has dogged this market for years.
2 August 2017, 18:00 PM
Apple seeks tax breaks for suppliers to make iPhones in India
APPLE Inc has asked the Indian government to extend tax breaks to its suppliers if India seeks to become a manufacturing hub for iPhones and its components.
2 August 2017, 18:00 PM
China, BRICS trade ministers vow to fight protectionism
China and the other BRICS nations pledged on Wednesday to fight protectionism and safeguard intellectual property rights, even as US President Donald Trump considers action against what he sees as unfair trade practices by China.
2 August 2017, 18:00 PM
India plans crackdown on marketing by drugmakers
India, one of the world's largest markets for pharmaceuticals, is drawing up its first set of marketing rules for drugmakers, restricting gifts and trips offered to doctors and pharmacists to 1,000 rupees ($15), according to a draft proposal seen by Reuters.
2 August 2017, 18:00 PM
Apple beats profit estimates
Apple reported stronger-than-expected results for the past quarter, with higher revenues and profits, delivering a boost to its share price.
2 August 2017, 18:00 PM
Sony sets record with three-fold jump in Q1 operating profit
Japan's Sony Corp on Tuesday reported its highest-ever first-quarter operating profit, taking the electronics giant one step toward its highest annual profit in two decades on the back of robust sales of image sensors.
1 August 2017, 18:00 PM
India refiners outshine Asia peers with new output, rising local demand
Indian refiners are outperforming their competitors in South Korea and Thailand as they have ramped up output from new fuel and chemical capacities to meet rising domestic demand that could further lift their earnings over the next two years.
1 August 2017, 18:00 PM
Factory activity in India shrinks most in 9yrs on GST confusion
India's factory activity slumped to its lowest level in more than nine years in July, a private survey showed on Tuesday, dragged down by disruptions to business activity following the launch of a new national sales tax.
1 August 2017, 18:00 PM
Bank of England staff strike for first time in 50yrs
Staff at the Bank of England began a three-day strike Tuesday, the first at Britain's central bank in more than 50 years, as part of a
1 August 2017, 18:00 PM
Uber integrates national helpline number in-app
Uber, the world's largest on-demand ride-sharing company, announces the integration of the nationwide emergency number 999 in its rider app to enhance rider safety.
1 August 2017, 08:40 AM
Samsung facing growing threats despite record profits
Sprawling South Korean conglomerate Samsung Electronics has recovered from a humiliating recall fiasco and the arrest of its de facto leader with remarkable speed, analysts said, after the tech giant stunned investors with record-breaking profits.
30 July 2017, 18:00 PM
Japan to impose emergency tariffs on US frozen beef
Japan will raise tariffs on frozen beef from the United States and other countries from next month as an emergency measure due to increasing shipments, the government said.
30 July 2017, 18:00 PM
Once fragile India gets thumbs up even as rates set to fall
When Fed taper fears jolted emerging markets in 2013, India was one of the worst hit and was forced to raise interest rates to underpin its tumbling markets.
29 July 2017, 18:00 PM
US economy speeds up in Q2
The US economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark shadow over the growth outlook.
29 July 2017, 18:00 PM
Standard Chartered: Bangladesh's partner in progress
In the immediate aftermath of Bangladesh's independence in 1971, the war-torn country was facing its first rite of passage to nationhood.
29 July 2017, 18:00 PM
China hosts most global companies in Asia
Asia is home to more Fortune Global 500 companies than any other continent, and Beijing hosts more global companies, the most of any city in the world.
29 July 2017, 04:39 AM
Facebook profit jumps as user ranks grow
Facebook reports a surge in profits in the past quarter, fueled by strong growth in money-making ads to its more than two billion users.
27 July 2017, 04:45 AM
Toyota set to sell fast-charging electric cars in 2022
Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday.
25 July 2017, 18:00 PM
China, India oil imports show Saudi Arabia carrying the burden of cuts
Saudi Arabia wants to do more to boost crude oil prices by taking a razor to its exports, but the kingdom is already doing much of the heavy lifting in Asia, where it is surrendering market share in the world's top importing region.
25 July 2017, 18:00 PM