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Global Economy
Matarbari project to boost energy security, trade
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Global Economy
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Global Economy
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Finance minister pushes customer-centric digital financial services
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Business
Google seals deal with Indonesia on tax
Indonesia has reached an agreement with Google over payment of taxes, the country's finance minister said Tuesday, after a long-running dispute with the US tech giant.
14 June 2017, 18:00 PM
In Pakistan, China presses built-in advantage for Silk Road contracts
Last year, Pakistan held informal talks with General Electric, Siemens and Switzerland's ABB to build the country's first high-voltage
14 June 2017, 18:00 PM
IMF raises China 2017 growth forecast again
The International Monetary Fund on Wednesday raised its forecast for China's 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment".
14 June 2017, 18:00 PM
Zara owner Inditex posts strong profit rise
Spanish clothing giant Inditex, owner of fast-fashion brand Zara, Wednesday reported a sharp profit rise for the three months to April, and said it created more than 10,000 new jobs in a year.
14 June 2017, 18:00 PM
Oil supply seen outpacing consumption in 2018
Growth in oil supply next year is expected to outpace an anticipated pick-up in demand that will push global consumption above 100 million barrels per day (bpd) for the first time, the International Energy Agency said on Wednesday.
14 June 2017, 18:00 PM
UK workers suffer spending power hit, raising pressure on May
British workers are suffering from an increasingly tight squeeze in their spending power, data showed on Wednesday, adding to concerns about a slowdown in the world's fifth-biggest economy and to the challenges for a weakened Prime Minister Theresa May.
14 June 2017, 18:00 PM
70pc of Chinese companies fail air pollution checks
More than 70 percent of companies checked by Chinese authorities failed environmental standards during the latest round of air pollution inspections, state media reported on Sunday.
12 June 2017, 18:00 PM
Fujifilm books bigger-than-expected loss on accounting irregularities
Fujifilm on Monday announced it would take a bigger-than-expected loss from "accounting irregularities" at two subsidiaries, but described them as having only a minor impact on its finances.
12 June 2017, 18:00 PM
India close to listing loans to resolve via bankruptcy rules
The Reserve Bank of India (RBI) is at an advanced stage of preparing a list of bad loans where resolution is required under the country's insolvency and bankruptcy rules, Finance Minister Arun Jaitley said on Monday.
12 June 2017, 18:00 PM
China, Singapore seek to expedite RCEP trade talks
China and Singapore will do their best to expedite talks on the Regional Comprehensive Economic Partnership (RCEP), Singapore's foreign minister said, calling the potential pact a statement on the importance of free trade.
12 June 2017, 18:00 PM
Merkel's G20-Africa meet aims to reduce poverty, migrant influx
German Chancellor Angela Merkel hosts African leaders Monday for a G20 conference aimed at fighting the grinding poverty driving the mass migrant influx to Europe.
12 June 2017, 18:00 PM
Foxconn says Apple, Dell part of its bid for Toshiba chip business
Apple Inc, computing giant Dell Inc and Kingston Technology Co are members of a Foxconn-led consortium bidding for Toshiba Corp's chip unit, the CEO of the world's largest electronics manufacturer told Reuters on Monday.
12 June 2017, 18:00 PM
Qatar crisis to speed the rise of Asia's spot LNG trade
Qatar's isolation by other Arab nations has dealt a strong hand to Japanese utilities in talks reviewing long-term gas contracts with the top LNG exporter, likely accelerating a shift to a more openly traded global market for the fuel.
12 June 2017, 18:00 PM
Saudi to limit July oil volumes to Asia, slash US supply
Saudi Arabia, the world's top oil exporter, will limit volumes of crude to some Asian buyers in July and deepen cuts in allocations to the United States, industry sources with knowledge of the matter said on Monday.
12 June 2017, 18:00 PM
Greek debt deal not far: French finance minister
A deal on debt relief for Greece is "not far," France's new finance minister Bruno Le Maire said Monday ahead of crunch eurozone talks on the issue on Thursday.
12 June 2017, 18:00 PM
Qatar Central Bank says operating normally despite crisis
Qatar's Central Bank said on Monday banking transactions at home and abroad were continuing normally despite the diplomatic crisis which has seen several Gulf countries sever ties with the emirate.
12 June 2017, 18:00 PM
Gulf crisis threatens Qatar Airways transit business: experts
Qatar Airways has made Doha a global hub in just a few years, but barring it from Gulf states' airspace threatens its position as a major transcontinental carrier, experts say.
12 June 2017, 18:00 PM
Uber woes mount ahead of workplace probe report
Uber has parted ways with another top executive, in the latest dent to the reputation of the ridesharing giant as it prepares to release the results of a probe into workplace misconduct.
10 June 2017, 18:00 PM
China tightens grip on yuan to head off economic risks
In rapid fire moves that have stunned investors, Chinese authorities have begun tightening control over the yuan, lifting it sharply in a concerted effort to restore market confidence and forestall risks of capital outflows and slower growth, policy insiders say.
10 June 2017, 18:00 PM
Toshiba to pay $3.7b to keep building US reactors
Toshiba Corp will contribute $3.68 billion to continue building two nuclear reactors in the US state of Georgia, enabling the completion of a plant project begun by the Japanese conglomerate's now-bankrupt nuclear unit.
10 June 2017, 18:00 PM