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Global Economy
Italian banks make little headway in clearing out bad loans: ECB
Italian banks have made little progress in reducing the mountain of bad debts which has curbed their ability to lend new money, fresh data showed on Tuesday.
31 January 2017, 18:00 PM
Indian farmers to raise rubber tapping amid price rally
India's natural rubber output in 2017/18 is likely to jump 15 percent to its highest in four years at 750,000 tonnes as a spike in benchmark prices prompts farmers to start tapping trees they had abandoned earlier, industry officials told Reuters.
31 January 2017, 18:00 PM
Asia targets tourism, education boost from Trump travel ban
Seeking to capitalize on US President Donald Trump's controversial new travel restrictions, companies and officials in Asia said they would target greater tourism and education ties with Muslims worried about the curbs.
31 January 2017, 18:00 PM
Pfizer earnings miss analyst expectations
Pharmaceutical giant Pfizer announced fourth-quarter earnings that missed analyst expectations Tuesday following a pair of recent acquisitions.
31 January 2017, 18:00 PM
Vodafone dials for backup in India telco fight
Vodafone has dialed for backup in its India fight. The UK-based telco is talking to Aditya Birla Group about an all-share merger of its Indian business with Idea Cellular, part-owned by the cement-to-retail group. It could feel the benefits beyond the subcontinent.
31 January 2017, 18:00 PM
Strong dollar pulls down H&M net profit
Swedish ready-to-wear giant Hennes and Mauritz (H&M) said Tuesday annual net profit dropped by 11 percent due to higher purchasing costs from the rising dollar.
31 January 2017, 18:00 PM
Power transmission line from Payra to Patuakhali on cards
The government plans to construct a transmission line from Payra to Patuakhali to start supplying power to a 1,320MW coal-based power plant in Payra deep seaport area by 2018.
31 January 2017, 18:00 PM
Trust banks plan to sue Toshiba over 2015 accounting scandal
Japanese trust banks are preparing to sue Toshiba Corp over its 2015 accounting scandal, a fresh headache for the conglomerate as it scrambles to offset a separate imminent multi-billion dollar writedown.
30 January 2017, 18:00 PM
US travel ban row halts dollar recovery
The dollar dipped on Monday as investors sought the traditional security of the Japanese yen after new US immigration curbs put the spotlight back on President Donald Trump's protectionist bent and the risks it poses for the economy.
30 January 2017, 18:00 PM
Trump travel ban stirs faint corporate outcry beyond Silicon Valley
Most US corporate bosses have stayed silent on President Donald Trump's immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House.
30 January 2017, 18:00 PM
US companies use 1970s budget tool to cut costs
The number of US companies using a budgeting tool made famous in the 1970s by former US President Jimmy Carter is surging as they turn their spending habits upside down to boost profits and to re-invest in their businesses.
30 January 2017, 18:00 PM
Sony takes $976m charge on movie segment as DVD market shrinks
Sony Corp said it booked an impairment charge of 112.1 billion yen ($976 million) on the goodwill value of its movie segment in the quarter ended December, as online streaming services sapped demand for movie DVDs.
30 January 2017, 18:00 PM
German inflation to hit 4-year high in Jan
German inflation is likely to have picked up further in January, surpassing the European Central Bank's official price stability target of just under 2 percent for the first time in more than four years, regional data suggested on Monday.
30 January 2017, 18:00 PM
IEA does not foresee oil demand peaking soon
The International Energy Agency (IEA) does not expect oil demand to peak any time soon due to rising consumption in developing economies, Director Fatih Birol said on Monday.
30 January 2017, 18:00 PM
India cedes top coal importer spot back to China
India has surrendered its status as the world's top importer of coal back to China, with its overseas purchases in 2016 falling to less than 200 million tonnes.
30 January 2017, 18:00 PM
Vodafone India seeks merger with rival Idea Cellular as price war rages
Britain's Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to contest a brutal new price war.
30 January 2017, 18:00 PM
Uber driver: rare job for hard-up French suburban youth
Maligned by leftist French politicians as a symbol of the jobbing economy, Uber is making inroads in high-rise Paris suburbs, with the prospect of work luring thousands of young drivers despite difficult conditions.
28 January 2017, 18:00 PM
India's investors see transaction tax hike, less friendly budget
Investors in India are bracing for higher taxes and fewer incentives from the government's annual budget on Feb. 1 as the focus shifts to wringing out revenues to finance giveaways and higher public investment.
28 January 2017, 18:00 PM
Ford braced for $600m Brexit currency hit
FORD'S 2017 earnings will be hit by a delayed currency impact of at least $600 million from Britain's vote to leave the European Union, the US carmaker told Reuters, putting last year's record European profit levels beyond reach.
28 January 2017, 18:00 PM
Border tax ideas roil oil markets, favour Gulf Coast refiners
As with many industries now fretting over the uncertain future of US trade policy, the oil business is sizing up the potential impact of the various protectionist measures being bandied about Washington - which have sent crude markets into a tizzy.
28 January 2017, 18:00 PM