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China Q2 economic growth seen cooling to 6.6pc, weakest in 7yrs

China's economic growth likely cooled to a fresh seven-year low of 6.6 percent in the second quarter as the industrial sector loses steam and a boost from financial services fades, according to a Reuters poll of 61 economists.
11 July 2016, 18:00 PM

China auto sales speed up 14.6pc in June

Car sales growth in China, the top global auto market, accelerated for the second consecutive month, an industry group reported Monday, despite continued woes in the world's second-largest economy.
11 July 2016, 18:00 PM

Boeing sees 20yr demand beating targets as inks China deal

Boeing on Monday boosted its 20-year forecast for the global aircraft market, lifted by demand from budget carriers and emerging markets, as it revealed a new multi-billion dollar deal to sell planes in China.
11 July 2016, 18:00 PM

Sri Lanka's new central bank chief to 'uphold credibility'

The new head of Sri Lanka's central bank Indrajit Coomaraswamy pledged Monday to uphold its credibility after allegations of insider
4 July 2016, 18:00 PM

India may alter minimum import price list for steel sector

India may alter the list of steel items that attract a minimum import price if the country decides to continue with the protectionist measure beyond August, steel secretary Aruna Sundararajan said.
4 July 2016, 18:00 PM

Kuwait to tap foreign debt markets to finance deficit

Kuwait said Sunday it plans to tap the international debt market through bond issues to finance its budget deficit after recording a first shortfall in 16 years.
4 July 2016, 18:00 PM

German new car sales rise in June

New car registrations in Germany, a key indicator of demand in Europe's top economy, rose strongly in June, official data showed on Monday.
4 July 2016, 18:00 PM

Britain to hire foreign trade negotiators after Brexit

Britain will look to hire foreign trade negotiators to help it meet the challenge of striking new trade deals with countries in Europe and beyond after last month's shock decision to leave the European Union, Foreign Secretary Philip Hammond said.
4 July 2016, 18:00 PM

China's yuan hits new 5-1/2 year low as central bank stays on the sidelines

China's yuan touched a new 5-1/2 year low against the dollar for the second consecutive session on Monday on concerns that the central bank would tolerate a further weakening of the currency, as the bank appeared to have stood aside, traders said.
4 July 2016, 18:00 PM

Brexit vote shakes up London property market

The aftershocks of Britain's decision to leave the European Union have hit the property sector over the past week, with a foreign bank freezing loans for buyers and some investors pulling out of commercial deals.
4 July 2016, 18:00 PM

UK construction battered in June by Brexit fears: Markit

Britain's construction industry suffered its worst contraction in seven years in June as concern grew about a referendum on European Union membership, according to a survey that was mostly conducted before Britain voted on June 23 to quit the EU.
4 July 2016, 18:00 PM

Oil prices edge up as Brent pushes further above $50

Crude prices edged up on Monday, building on recent gains with Brent holding above $50 after Nigerian militants claimed fresh attacks on the country's oil infrastructure.
4 July 2016, 18:00 PM

Plastic buckets, broken printers shine light on Hanoi's poor

Vietnamese families living in slums along the Red River in Hanoi are using red plastic buckets and old printers to help light homes, cook meals and slash electricity costs by as much as a third.
4 July 2016, 18:00 PM

Istanbul nearly a ghost town as tourists stay away

The tourists are so scarce you can hear their footsteps clattering down the empty shopping street. Nearly a week after the deadly airport bombings, it is eerily quiet in Istanbul.
4 July 2016, 18:00 PM

In race to be Asia's fintech hub, Singapore leads Hong Kong

Singapore is rushing to reinvent itself as Asia's financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy.
4 July 2016, 18:00 PM

In memory of the man who built Pran

The likely path after retirement preferred by most is to stay among family members, maintain a social life and relax after a life of hard work. But that was not the case for Amjad Khan Chowdhury.
4 July 2016, 18:00 PM

Eid gives a boost to online shopping

Sharlin Islam is an MBA student at a leading private university in Dhaka. She finds it difficult to juggle between a day job at a local advertising firm, her evening classes and a fulltime role as the head of a joint family. Needless to say, she is pressed for time and her weekends are spent running chores. Whatever little time that is left to call her own, Sharlin spends lazing at home.
4 July 2016, 18:00 PM

UK to face inflation, recession risks due to Brexit: ECB

Britain will face two key challenges, inflation and recession, after Britons voted to leave the European Union, or Brexit, European Central Bank Governing Council member Francois Villeroy de Galhau said on Sunday.
3 July 2016, 18:00 PM

Toyota recalls 3.37m cars over airbag, emissions control issues

Japan's Toyota Motor Corp has recalled 3.37 million cars worldwide over possible defects involving airbags and emissions control units.
29 June 2016, 18:00 PM

German inflation picks up

Inflation in Germany accelerated fractionally in June, buoyed by rising prices in the services sector and shallower declines in energy prices, a preliminary estimate showed on Wednesday.
29 June 2016, 18:00 PM