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World food prices climb in May

Global food prices rose in May from the month before after three months of decline, and the world's food import bill is set to jump in 2017, the United Nations food agency said on Thursday.
8 June 2017, 18:00 PM

Asian currencies edge down on caution ahead of risk events

Asian currencies edged lower on investor caution ahead of major occurrences such as the British general election result, the European Central Bank's policy meeting, and Senate testimony from ex-FBI director James Comey due in the coming 24vhours.
8 June 2017, 18:00 PM

Gold discounts widen in India

Demand for gold in Asia was muted this week as the bullion's rebound in prices curbed purchases, with discounts in India widening to the highest in more than five months.
8 June 2017, 18:00 PM

India calls for middle-income country coalition to revive globalisation

India called on Thursday for a coalition of middle-income countries to drum up support for globalisation as a political backlash in the United States and parts of Europe against free trade and investment imperils its growth aspirations.
8 June 2017, 18:00 PM

Australia economy ties record for longest expansion, looking tired

Australia's economy squeezed out just enough growth last quarter to match the Netherlands' record of 103 quarters without recession, but its stamina is in doubt as households struggle with paltry wage rises and punishing debt.
7 June 2017, 18:00 PM

Arab rift deepens woes for Gulf airlines

A bust-up between Arab powers has dealt a blow to supercarriers already hurt by low oil prices and laptop bans, exposing the sensitivity of Gulf hubs to regional uncertainty and creating openings for rival airlines - at least in the short term.
7 June 2017, 18:00 PM

Here comes the sun: investors increasingly hot on solar projects in SE Asia

Investors are increasingly excited about the prospects for much faster growth in the solar power industry in Southeast Asia, which has until now been a backwater for renewable energy.
7 June 2017, 18:00 PM

Luxury hotels arrive in Cuba despite fears Trump may hurt tourism boom

Towering cranes dot the Havana skyline as communist-run Cuba races to build luxury hotels, amid indignation among some residents and concern that US President Donald Trump might reverse a detente that fueled the tourist boom.
7 June 2017, 18:00 PM

Chinese architect plans garden city in new economic zone

The chief architect of China's latest special economic zone said he expects to submit to the government by the end of this month a detailed proposal including plans for a high-tech garden city in one of the country's most polluted provinces.
7 June 2017, 18:00 PM

Apple's first TV series shows what it takes to build an app

Apple Inc's long-awaited move into original television series starts Tuesday, with a reality show about a universe that is key to the technology giant's business: the world of app developers trying to bring their ideas to the masses.
7 June 2017, 18:00 PM

Regulator working on internet price guideline

The telecom regulator is formulating a pricing guideline for internet services as data is not becoming cheaper at the user level despite significant cuts in bandwidth prices.
7 June 2017, 18:00 PM

China May forex reserves rise more than expected

China's foreign exchange reserves rose in May for a fourth consecutive month and by more than markets had expected, as stringent capital control measures and a weakening in the dollar helped staunch outflows.
7 June 2017, 18:00 PM

Sony's PlayStation VR headset sales top 1m units

Sony Corp has sold more than one million units of its virtual reality (VR) headset globally, the Asia chief of the Japanese firm's gaming unit said on Wednesday, as a relatively low price helps push the product into an early lead.
7 June 2017, 18:00 PM

US, Mexico reach sugar pact without backing from US producers

Mexico agreed to significant concessions on Tuesday to maintain its access to the lucrative US sugar market, but US sugar producers refused to endorse the deal between the governments, raising the risk that it could collapse.
7 June 2017, 18:00 PM

Philippines halts workers' deployment to Qatar

The Philippines on Tuesday halted the deployment of workers to Qatar as the gas-rich Gulf state grappled with a diplomatic crisis after its neighbours cut ties with Doha.
6 June 2017, 18:00 PM

Qatari riyal under pressure as Saudi, UAE banks delay Qatar deals

Qatar's currency came under pressure on Tuesday as Gulf Arab commercial banks started holding off on business with Qatari banks because of a diplomatic rift in the region.
6 June 2017, 18:00 PM

Aamra Tech wins Microsoft award

Aamra Technologies Ltd has won Microsoft Country Partner of the Year Award 2017 for Bangladesh, the company said in a statement.
6 June 2017, 18:00 PM

Airbus sees 'very slow year' for orders

This will be a "very, very slow year" for orders for Airbus, a top executive said Monday.
6 June 2017, 18:00 PM

S Korea unveils $10b stimulus to boost jobs, welfare

South Korea launched on Monday a $10 billion stimulus package to create jobs and bolster welfare programmes in the country faced with slow growth and ageing population. The 11.2-trillion won plan is the first since Moon Jae-In was elected president of Asia's
5 June 2017, 18:00 PM

French private sector growth rises to 6-yr high

France's private sector growth accelerated in May to its fastest level in six years, a key survey showed Monday.
5 June 2017, 18:00 PM