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Global Economy
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Business
India to levy 3pc tax on gold under new regime, industry relieved
India will tax gold at a rate of 3 percent under a new nationwide sales tax that comes into effect on July 1, the government said on Saturday.
4 June 2017, 18:00 PM
Greece revises Q1 up to 0.4pc growth
The Greek economy grew by a slim 0.4 percent in the first three months of 2017, official data showed Friday, revising a contraction of 0.1 percent reported in May.
4 June 2017, 18:00 PM
Blockchain seen as tool in food safety
The food industry is turning to the same technology used by virtual currencies to strengthen food safety and inventory management by tracking meats and crops from farm to table.
4 June 2017, 18:00 PM
South Korea says extra budget aimed at job creation, not economic stimulus
An extra budget to be announced by South Korea on Monday is intended to create more jobs, not to boost economic growth, the president's secretary for policy said on Sunday.
4 June 2017, 18:00 PM
Yuan, rupee seen weakening over coming year
The Chinese yuan and Indian rupee are expected to shed some of this year's gains and weaken slightly against the dollar over the coming 12 months if the US Federal Reserve raises interest rates further as expected, a Reuters poll showed.
4 June 2017, 18:00 PM
Jeep hits pothole even as Fiat counts on expanding sales
The iconic Jeep brand is the cornerstone of Fiat Chrysler's strategy to bolster its position in the global auto industry, but the brand's US sales have hit a pothole.
4 June 2017, 18:00 PM
Brazil recession recedes but outlook still dark
Brazil emerged from its worst ever recession in the first quarter of 2017, officials said Thursday, but political turmoil continued to threaten the weak recovery.
4 June 2017, 18:00 PM
German car sales rev up as diesel sputters
Registrations of new cars in Germany spiked in May compared with the same month last year, official data showed Friday.
3 June 2017, 18:00 PM
Bring momentum in SME financing for inclusive growth
The aggregate increase in per capita income of a country does not necessarily ensure poverty reduction, particularly in a developing economy like Bangladesh.
3 June 2017, 18:00 PM
Putin promises economic reform, but does little
From President Vladimir Putin down, Russian officials have long agreed the country's economy needs to reform or risk prolonged stagnation as it edges out of the longest recession in 20 years.
3 June 2017, 18:00 PM
Indian tycoon tries to soothe RelComm investor fears
Indian billionaire Anil Ambani insisted Friday that debt-saddled Reliance Communications had a bright future as he moved to reassure investors who are worried that the telecoms company is close to defaulting on loans.
3 June 2017, 18:00 PM
Norway's $960b fund wants banks to disclose carbon footprint of loans
Norway's $960 billion sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions, its chief executive told Reuters on Friday.
3 June 2017, 18:00 PM
US trade deficit widens in April
The US trade gap widened in April for the second straight month as Americans bought more imported consumer goods, the Commerce Department reported Friday.
3 June 2017, 18:00 PM
Canada exports to US hit record high
Canada's trade deficit narrowed in April to Can$370 million (US$274 million), as exports to the United States hit a record high, the government statistical agency announced Friday.
3 June 2017, 18:00 PM
Apple set to expand Siri, taking different route from Amazon's Alexa
Apple Inc is expected to announce plans next week to make its Siri voice assistant work with a larger variety of apps, as the technology company looks to counter the runaway success of Amazon.com Inc's competing Alexa service.
3 June 2017, 18:00 PM
Big US companies stay on White House panel despite climate jolt
Several major US companies, including Wal-Mart Stores Inc, JP Morgan Chase & Co and IBM Corp, on Friday said their CEOs will remain in an influential presidential advisory group despite objecting to President Donald Trump's withdrawal from the Paris climate accord.
3 June 2017, 18:00 PM
Air India privatisation very difficult without debt write-off: India's economic adviser
Privatising state-owned airline Air India will be "very difficult" unless the government writes off at least part of its debts, a senior government economic adviser said on Friday after a top policy panel recommended selling off the carrier.
3 June 2017, 18:00 PM
Toyota sells all shares in Tesla as their tie-up ends
Toyota Motor Corp said on Saturday it had sold all shares in Tesla Inc by the end of 2016, having canceled its tie-up with the US luxury
3 June 2017, 18:00 PM
Bitcoin exchange Coinbase seeks new funds at $1b valuation
Bitcoin exchange Coinbase Inc is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday.
3 June 2017, 18:00 PM
Merkel to talk trade in Argentina, Mexico
German Chancellor Angela Merkel will travel to Argentina and Mexico next week for talks on trade with two of Latin America's largest economies, officials said Friday.
3 June 2017, 18:00 PM