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US trade gap in May widens to biggest in over a year
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Oil prices gain as focus shifts to supply recovery and demand
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Business
Samsung expects 1,800% operating profit leap on AI boom
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Britain’s AC market heats up as temperatures rise
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Matarbari project to boost energy security, trade
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Global Economy
Thailand to free Swiss man linked to 1MDB scandal
Thailand will free a Swiss man jailed for blackmail in a case linked to a graft scandal engulfing the 1MDB Malaysian state investment fund, his lawyer said Wednesday.
14 December 2016, 18:00 PM
Asian postal services adapt to post-mail era
With the pre-Christmas rush at its peak, a serpentine network of conveyor belts at Singapore Post's new logistics centre moves parcels destined for addresses across the world in time for the festive season.
14 December 2016, 18:00 PM
IBM unveils plan to hire 25,000 in US on eve of Trump meeting
US technology giant IBM said Tuesday it would hire 25,000 people in the country over the next four years, a day before President-elect Donald Trump meets with tech industry leaders.
14 December 2016, 18:00 PM
India's TCS ousts Mistry from board as purge is stepped up
India's Tata has ousted Cyrus Mistry as a director of its cash cow IT business Tata Consultancy Services as the Indian conglomerate steps up its purge of its former chairman.
14 December 2016, 18:00 PM
Black coal, thin pickings: China's miners face decline
THE global fight against climate change and Beijing's efforts to combat choking pollution have been a disaster for Lu Zhanyong.
14 December 2016, 18:00 PM
How to solve a problem like Trump's business empire
Donald Trump's pledge to entrust his business empire to his sons does little to allay concerns about conflicts of interest between the incoming Republican president and the company he has run as an autocrat.
14 December 2016, 18:00 PM
GM first to deliver mid-priced, all-electric car
General Motors began deliveries Tuesday of the first all-electric car model aimed at the middle market, getting a head start on Tesla Motors and other competitors.
14 December 2016, 18:00 PM
India's demonetisation drive drags down Nepal's economy
India's scrapping of high-value bank notes last month has dragged down economic growth in neighbouring Nepal with trade, remittances and tourist numbers all down, BMI Research, a group company of the Fitch rating agency, said on Wednesday.
14 December 2016, 18:00 PM
Philippines bank says no role in heist, Bangladesh Bank responsible
The Philippines bank through which $81 million stolen from Bangladesh's central bank was channelled in February said on Tuesday that the central bank was responsible for the heist, and so any liability should not be passed on.
14 December 2016, 18:00 PM
Axis Bank, India's top gold importer, suspends bullion dealers' accounts
Axis Bank Ltd, India's top importer of gold, has suspended the bank accounts of some bullion dealers and jewellers after two of its executives at a branch were arrested over alleged money laundering.
12 December 2016, 18:00 PM
Fed turns to Trump agenda with rate hike nearly in the bag
The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the U.S. election has reshaped the central bank's growth and inflation outlook.
12 December 2016, 18:00 PM
Qatar Airways wants to swap Airbus A320neos for A321neos
Qatar Airways is in talks with Airbus to convert its order for up to 80 A320neos to the larger A321neo, its chief executive said on Monday.
12 December 2016, 18:00 PM
Indian workers abandon building sites after cash crackdown
Hundreds of thousands of construction workers have returned home since Prime Minister Narendra Modi abolished high-denomination banknotes, leaving some building sites across the country facing costly delays.
12 December 2016, 18:00 PM
Gold falls to over 10-month low on Fed rate hike bets
Gold prices touched their lowest in over 10 months on Monday, dragged down by expectations that a possible US rate hike this week would curb demand for the safe-haven asset.
12 December 2016, 18:00 PM
Italy's BMPS bank to go with private sector-led rescue
Italy's troubled Monte dei Paschi di Siena (BMPS) bank on Sunday announced it would go ahead with plans to seek a private sector-led rescue, narrowly avoiding the need to seek a government bailout.
12 December 2016, 18:00 PM
Philips to sell Lumileds majority share for $1.5b
Dutch electronics giant Philips announced Monday the sale of a majority share in its Lumileds LED lighting business for $1.5 billion, after cancelling the spinoff earlier this year over US regulatory concerns.
12 December 2016, 18:00 PM
Barclays sells off French retail division
British bank Barclays on Monday announced the sale of its French retail division in a move which marks its exit from continental European retail banking.
12 December 2016, 18:00 PM
Oil surges to the highest since mid-2015
Oil prices surged to their highest since mid 2015 and US Treasury yields hit a more than two-year peak on Monday after the world's top crude producers agreed to cut output.
12 December 2016, 18:00 PM
Growth in global coal demand to slow over next five years: IEA
Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States and as renewable energy sources gain ground, the International Energy Agency (IEA) said on Monday.
12 December 2016, 18:00 PM
China launches WTO dispute resolution case against US, EU
China said on Monday it had launched a dispute resolution case at the World Trade Organisation over the surrogate country approach used by the United States and European Union to calculate anti-dumping measures against Chinese exports.
12 December 2016, 18:00 PM