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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

UK investment to drop 5pc next year: Fitch

Credit ratings agency Fitch forecast on Wednesday that investment in the British economy will fall 5 percent next year, two days after it downgraded Britain's credit rating after last week's vote to leave the European Union.
29 June 2016, 18:00 PM

Single market boosts UK car industry

Access to the single market has been a key factor behind the success of the UK car industry, its trade body has said, as it reported record turnover in 2015.
29 June 2016, 18:00 PM

Intel considers sale of cyber security business

Chipmaker Intel Corp is considering the sale of its cyber security business, the Financial Times reported on Sunday.
27 June 2016, 18:00 PM

Sterling hits 31-year low

British 10-year government borrowing costs sank below 1 percent on Monday for the first time ever and sterling tumbled to a fresh 31-year low against the dollar as investors bet Britain's vote to leave the EU will trigger a Bank of England rate cut.
27 June 2016, 18:00 PM

US banks' stress tests may offer comfort in Brexit tumult

The stress tests created for banks by US regulators after the 2008 financial crisis may prove their worth this week, providing a timely message on banks' hardiness in the midst of turbulence over last week's vote by Britain to leave the European Union.
27 June 2016, 18:00 PM

Starbucks to debut small-lot Indian coffee in US this year

Starbucks Corp for the first time will sell single-origin, premium coffee from India in the United States as part of its effort to support coffee production in the country better known for its tea.
27 June 2016, 18:00 PM

China steel giants plan merger in face of global glut

Two of China's biggest steelmakers are planning to merge, they said, as the industry faces a global glut that has hammered producers worldwide.
27 June 2016, 18:00 PM

Investors rush for UK and German bonds after Brexit vote

UK bond yields hit an all-time low on Monday while rates on German debt pushed further into negative territory as investors sought safe haven following a vote to leave the EU.
27 June 2016, 18:00 PM

How one man took on Wall Street and won

AS David and Goliath stories go, Brad Katsuyama's is a pretty good one. The 38-year-old has taken on billions of dollars of vested interest on Wall Street, and won for the little guy.
27 June 2016, 18:00 PM

Brexit: Asian powers warnings over global economic stability

Some of Asia's biggest economies have expressed concerns over the world's economic stability as a result of Britain's vote to leave the EU.
27 June 2016, 18:00 PM

China cuts yuan fix

China weakened the yuan's fixing almost one percent to a five-and-half-year low against the dollar Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
27 June 2016, 18:00 PM

Apple free to take bite out of India after rule change

The gleaming glass atriums and blue-clad "geniuses" that herald the arrival of an Apple store could soon be landing in India, after the government cleared the way for it to open in the rapidly growing smartphone market.
22 June 2016, 18:00 PM

Big business raises Brexit alarm on eve of vote

More than 1,200 business titans united Wednesday to warn against Britain breaking with the EU, as rivals scrambled for the last votes on the eve of a tightly fought referendum that will shape Europe's future.
22 June 2016, 18:00 PM

Profit of H&M falls 17pc in Q2

Profit at Swedish fashion retailer Hennes & Mauritz fell 17 percent in the second quarter as cold weather hit sales of its spring clothes and a strong dollar increased its costs.
22 June 2016, 18:00 PM

India plans to import 500,000 tonnes of corn to overcome shortage

India is considering importing an extra 500,000 tonnes of duty-free corn to overcome a shortage after a second straight drought cut output, a government source said on Wednesday.
22 June 2016, 18:00 PM

Daimler to rev up e-mobility drive

German luxury automaker Daimler, owner of the Mercedes-Benz and Smart brands, plans to speed up its push into electro-mobility in the race against US pioneer Tesla and German rival BMW, a report said Wednesday.
22 June 2016, 18:00 PM

Most auditors in Asia find child labour in supply chains: survey

The majority of supply chain auditors across Asia have encountered child labour in the last two years, and in only a third of cases could they confirm the children were removed from the factories, a survey has found.
22 June 2016, 18:00 PM

Mobile money to power Africa financial growth: study

Mobile phones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, research has found.
22 June 2016, 18:00 PM