China’s gig economy surge masks job market pain, welfare strain
REUTERS, Beijing
8 July 2026, 00:00 AM Global Economy
Rupee nudges higher
REUTERS, Mumbai
8 July 2026, 00:00 AM Global Economy
German factory output up as economy defies Hormuz fears
AFP, Frankfurt
8 July 2026, 00:00 AM Global Economy
Saudi Arabia may expand oil pipeline to Red Sea
REUTERS, Dubai/London
8 July 2026, 00:00 AM Global Economy
US trade gap in May widens to biggest in over a year
AFP, Washington
8 July 2026, 00:00 AM Global Economy
Samsung expects 1,800% operating profit leap on AI boom
AFP, Seoul
7 July 2026, 12:10 PM Business

Strong US employment report brightens economic outlook

US employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year.
6 August 2016, 18:00 PM

Nokia to cut deeper as merger spills red ink

Finnish telecom equipment manufacturer Nokia said Thursday it aims to accelerate savings after costs of absorbing former French-American rival Alcatel-Lucent pushed it into a second-quarter loss.
6 August 2016, 18:00 PM

JPMorgan denies having planned to buy Italy's BMPS

US bank JPMorgan Chase denied Friday that it ever intended to buy troubled Italian rival BMPS, as people close to the alleged deal had reported.
6 August 2016, 18:00 PM

Bitcoin not money, judge rules in victory for backers

Bitcoin, a Florida judge says, is not real money. Ironically, that could provide a boost to use of the crypto-currency which has remained in the shadows of the financial system.
6 August 2016, 18:00 PM

Business groups sue over new US limit on tax-driven foreign buyouts

Two business groups sued the Obama administration on Thursday over a crackdown on US companies that try to reduce their US taxes by rebasing abroad in a process known as inversion.
6 August 2016, 18:00 PM

Afghan tourism brings reward as well as risk; government urges caution

When police stopped a van that was travelling across central Afghanistan to the western city of Herat, they were in for a big surprise: it was full of Western tourists.
6 August 2016, 18:00 PM

PwC must face $1b MF Global malpractice lawsuit: US judge

A federal judge rejected PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage once run by former New Jersey Governor Jon Corzine.
6 August 2016, 18:00 PM

Why India's GST is one of the world's most complex tax reforms

WILL India, a $2 trillion (£1.5 trillion) economy with 1.3 billion consumers, now become a truly single market?
6 August 2016, 18:00 PM

Alibaba says it is not making any investment in Netflix

Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday.
6 August 2016, 18:00 PM

Toyota braces for impact of stronger yen

Toyota Motor Corp flagged its smallest annual profit in four years for 2016/17 as the Japanese automaker braces for the impact from a strengthening yen amid slowing demand for some of its car models in the key North American market.
4 August 2016, 18:00 PM

Nokia quarterly profit halves on weak network sales

Nokia's second-quarter profit fell more sharply than expected as telecom operators around the world spent less on faster mobile networks, prompting the company to lift its cost-cutting target following its merger with Alcatel-Lucent.
4 August 2016, 18:00 PM

Winners and losers from GST reform

India's Rajya Sabha backed a major tax reform on Wednesday that seeks to transform the country into a common market, though opposition benches urged Finance Minister Arun Jaitley not to overtax businesses and consumers.
4 August 2016, 18:00 PM

UK banks pin Brexit hopes on financial crisis bailout negotiator

In early October 2008, then Business Minister Shriti Vadera called a secret meeting of bankers and government officials on the top floor of Standard Chartered's City of London headquarters to address Britain's biggest peacetime crisis. The collapse of Lehman
4 August 2016, 18:00 PM

UK interest rates cut to 0.25pc

UK interest rates have been cut from 0.5 percent to 0.25 percent and the Bank of England has signalled that they could go lower if the economy worsens.
4 August 2016, 18:00 PM

Ford recalls 830,000 vehicles

Ford Motor Company on Thursday announced the recall of 830,000 cars and vans in the United States and Mexico for the replacement of faulty side-door latches.
4 August 2016, 18:00 PM

AirAsia to launch sale of leasing arm, could value unit at $1b

AirAsia, Asia's biggest budget airline, will kick off the sale of its leasing unit this month, seeking to cut debt with a deal that could value the business at about $1 billion, people familiar with the matter told Reuters.
4 August 2016, 18:00 PM

Samsung unveils new curved-screen Galaxy Note phone

Samsung Electronics Co Ltd on Wednesday unveiled a new Galaxy Note smartphone with a curved screen and iris-recognition technology, seeking to build on the sales momentum that has helped it roar back to surging profit growth.
3 August 2016, 18:00 PM

Economists tell Sri Lanka president, finance minister, their policies inconsistent

Two Sri Lankan economists told a summit attended by President Maithripala Sirisena and his finance minister on Tuesday the government's economic policies were destabilising and inconsistent, one calling its price controls "supreme idiocy".
3 August 2016, 18:00 PM

India passes landmark tax reform, many companies still unprepared

Marking an end to the long and tumultuous debate on goods and services tax, India's Rajya Sabha yesterday approved a crucial constitutional amendment clearing the way for its biggest tax reform since independence. The Lok Sabha had already passed the key bill.
3 August 2016, 18:00 PM

StanChart swings back to profit, shares rise 5pc

STANDARD Chartered reported an underlying pretax profit of $994 million in the six months to end-June, as cost-cutting, steady income and fewer bad loans helped the bank return to the black after a billion dollar loss in the second half of 2015.
3 August 2016, 18:00 PM