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Global Economy
China on track to reach high-income status in one to two years
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Global Economy
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Global Economy
Smartwatches, intelligent homes shine at Berlin mega gadget show
SMARTWATCHES, intelligent homes and drones that follow users wherever they go are on show at Berlin's mega consumer electronics fair, which opened its doors to the public on Friday.
5 September 2015, 18:00 PM
G20 promises transparency on rate moves
WORLD financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected US rate rise a risk to growth, a draft communique showed on Friday.
5 September 2015, 18:00 PM
BlackBerry buys mobile security company for $425m
Canadian smartphone maker BlackBerry on Friday bought rival mobile security provider Good Technology for $425 million in a move to broaden its software sales.
5 September 2015, 18:00 PM
Syngenta to sell seed business, launches $2b share buy-back
Swiss agrochemicals giant Syngenta on Thursday moved to placate shareholders after it rejected a massive takeover bid by Monsanto, announcing it would sell its vegetable seed business and buy back $2.0 billion worth in shares.
3 September 2015, 18:00 PM
G20 seeks to smooth economic shock waves from China
World finance ministers and central bankers gather in Turkey this weekend to grapple with the fallout of slowing growth in China, tanking emerging economies and panicked global stock markets.
3 September 2015, 18:00 PM
China tightens trading rules on forex, stock markets
China has announced tougher rules on trading stock index futures and foreign exchange derivatives as it seeks to steady jittery markets whose weakness has raised concern over the health of the world's second-largest economy.
3 September 2015, 18:00 PM
Easy bank loans can help women become entrepreneurs: analysts
Women can become successful entrepreneurs if they have determination, a solid plan and easy access to bank loans, bank officials and businesswomen said in a dialogue yesterday.
3 September 2015, 18:00 PM
Canada officially enters recession
Reeling from low oil prices, Canada fell into a recession in the first half of the year, government data confirmed Tuesday, putting
2 September 2015, 18:00 PM
Foreign carmakers still driven to invest in China
Foreign carmakers that raced into China to profit from what has become the world's biggest automobile market by volume have no
2 September 2015, 18:00 PM
Fiat Chrysler to give up on GM deal
It would be "unconscionable" for Fiat Chrysler Automobiles not to pursue a merger with rival General Motors and create a company that can generate $30 billion a year in cash, FCA chief Sergio Marchionne said in a newspaper interview.
31 August 2015, 18:00 PM
India plans to amend RBI Act by Feb to set up monetary panel
The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring Finance Secretary Rajiv Mehrishi told Reuters.
31 August 2015, 18:00 PM
Japan factory output turns down in July
Japan's factory output contracted a worse-than-expected 0.6 percent on-month in July, official data showed on Monday, owing to lacklustre demand at home and as a slowdown in China weighs on exports.
31 August 2015, 18:00 PM
Eurozone inflation steady at 0.2pc in August
Inflation in the 19-country eurozone was unchanged at 0.2 percent in August, official data showed Monday, slightly higher than analysts expected.
31 August 2015, 18:00 PM
Two including prime accused arrested
Police yesterday arrested two persons including prime accused Tariqul Hasan Tareq on charge of assaulting Dr Subrata Kumar Dey,
31 August 2015, 18:00 PM
Toshiba CEO says newfound accounting errors not huge
The head of scandal-tarred Toshiba Corp said on Monday the company has found a half-decade's worth of new accounting problems forcing it to further delay closing its books but that it does not expect a big impact on its projected results.
31 August 2015, 18:00 PM
World prepared for Fed rate hike
Central bankers from around the world are telling their American counterparts that they are ready for a US interest rate hike and would prefer that the Federal Reserve make the move without further ado.
31 August 2015, 18:00 PM
Why China's share slump affects the world
A slump in Chinese shares has prompted stock markets across Asia, Europe and the US to fall sharply. Why is this so significant?
31 August 2015, 18:00 PM
Half of UK manufacturers worried by China
Just under half of British manufacturers are worried by the possibility of a sharp slowdown in China's economy and one in 10 are reviewing their business plans, a survey from an industry group showed on Sunday.
31 August 2015, 18:00 PM
Oil falls back below $49
Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply glut and renewed concern about a hard landing for China's economy.
31 August 2015, 18:00 PM
Citi to boost equities franchise amid industry shakeout
Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according people familiar with the bank's plans.
31 August 2015, 18:00 PM