IMF lowers 2026 world growth forecast
AFP, Washington
56 MIN(s) ago Global Economy
Dollar around one-week high
REUTERS, London
56 MIN(s) ago Global Economy
AI boom drives intangible investment to record level: UN
AFP, Geneva
56 MIN(s) ago Global Economy
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

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

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

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

First US chain hotel in a half- century opens in Cuba

Starwood Hotels on Tuesday took over management of a luxury hotel in central Havana, becoming the first big American hospitality chain with a presence on the island since the Cuban Revolution a half-century ago.
29 June 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

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

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