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India's Rajan warns against low rates worldwide

India's outgoing central bank chief Raghuram Rajan warned countries against a rush to low interest rates as his tenure as governor of the Reserve Bank of India came to an end.
5 September 2016, 18:00 PM

Record jump in UK services sector

Activity in Britain's crucial services sector recorded a record jump in August, rebounding strongly from a slump immediately following the country's vote to exit the EU, a survey showed Monday.
5 September 2016, 18:00 PM

Indian services growth at 3-1/2 year high in August on strong demand

Growth in India's services industry accelerated to its fastest pace in more than 3-1/2 years in August, driven by a surge in domestic and foreign demand, but companies had a tough time raising prices, a private survey showed on Monday.
5 September 2016, 18:00 PM

Tencent now China's most valuable company

China's technology giant Tencent has become the country's most valuable enterprise, Bloomberg reported Monday, beating state-owned telecom behemoth China Mobile and nearly reaching half of Apple's valuation.
5 September 2016, 18:00 PM

Nigerians head back to the farm to beat recession

Too broke to pay for costly imports of rice and palm oil, Nigeria is looking to agriculture to help lift itself out of a recession.
5 September 2016, 18:00 PM

Slowdown in Islamic finance to run into 2017: S&P

The slowdown in Islamic finance growth is likely to continue through 2017 due to low oil prices and lack of regulation, Standard and Poor's Global Ratings said Monday.
5 September 2016, 18:00 PM

Samsung mobile recovery suffers blow as Galaxy Notes 'catch fire'

The recovery in Samsung Electronics Co Ltd's mobile business suffered a blow on Thursday as reports of exploding batteries forced the firm to delay shipments of Galaxy Note 7 smartphones, and knocked $7 billion off its market value.
1 September 2016, 18:00 PM

UK factory activity rebounds in August

British manufacturing staged one of its sharpest rebounds on record in August as factories recovered from the initial shock of June's vote to leave the European Union, helped by a boost to exports from sterling's post-Brexit slump.
1 September 2016, 18:00 PM

India's richest man unveils telecoms venture with free calls, cut-price data

India's Reliance Industries unveiled its new telecom network on Thursday, touting free calls and rock-bottom data prices that sent shares of established telecom players into a nosedive on fears of an all-out price war.
1 September 2016, 18:00 PM

Tired of cheap oil, Saudis eye price boost to drive Aramco IPO

Two years after triggering an oil price war, Saudi Arabia has seemingly had enough of cheap crude amid budget pressures, fear of a future supply shortage, and as it seeks to offload a stake in state-owned producer Aramco.
1 September 2016, 18:00 PM

Sony Pictures to buy sports channels from India's Zee for $385m

India's Zee Entertainment Enterprises Ltd said on Wednesday it has agreed to sell its sports broadcasting business to Sony Pictures Networks for $385 million, as it rejigs its media content delivery businesses.
31 August 2016, 18:00 PM

Chinese giant to buy Pakistani power company for $1.6b

Chinese multinational Shanghai Electric is set to buy the utility serving Pakistan's biggest city of Karachi, in a $1.6 billion deal that will be
31 August 2016, 18:00 PM

Twitter to share ad revenue on videos by US users

Twitter Inc on Tuesday stepped up its battle to attract video talent to its platform, saying it will allow US users who upload a video to share in any advertising revenue it generates.
31 August 2016, 18:00 PM

Asia's July Iran oil imports rise 61pc

Imports of Iranian oil by four major buyers in Asia in July jumped 61.1 percent from a year earlier, marking the biggest percentage gain since April 2014, reflecting Tehran's aggressive moves to recoup market share, lost under international sanctions.
31 August 2016, 18:00 PM

Euro zone inflation stable in August

Euro zone inflation was stable in August, against expectations of a slight rise, as food, industrial good and services prices increased by less than in July, piling more pressure on the European Central Bank to act.
31 August 2016, 18:00 PM

Global funds flee UK assets post-Brexit

Global investors cut their UK equity and bond exposure in August in the wake of Britain's vote to leave the European Union and sought out higher-yielding emerging markets in reaction to Western central banks' loose monetary policies.
31 August 2016, 18:00 PM

From big oil to big data: inside Mukesh Ambani's $20b start-up

AT the vast open-plan headquarters of Indian telecoms start-up Jio, billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service.
31 August 2016, 18:00 PM

G20 watchdog says bank rules working well, digs deeper into markets

The financial system's ability to cope with Britain's vote to leave the European Union and with doubts over growth prospects show the benefits of rules introduced since the 2008 collapse of Lehman Brothers bank, a global watchdog said on Wednesday.
31 August 2016, 18:00 PM

India accords residency status to foreign investors

India approved a plan on Wednesday to allow foreign investors to settle, emulating a policy in countries such as the United States and Singapore to woo investment from abroad.
31 August 2016, 18:00 PM

China will set up seven more free trade zones

China will set up seven new free trade zones (FTZs), bringing the total to 11, the Xinhua news agency reported on Wednesday. The new zones will be in Liaoning, Zhejiang, Henan, Hubei, Sichuan, Shaanxi and Chongqing, Xinhua said.
31 August 2016, 18:00 PM