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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

India's economic growth slows to 7%

India's economy grew at an annual rate of 7% between April and June, official figures have shown.
31 August 2015, 14:14 PM

Syngenta may seek partners: chairman

Syngenta AG may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto Co, the agrichemicals group's chairman told a Swiss newspaper.
30 August 2015, 18:00 PM

Chinese tourists unfazed by currency fall, market turmoil

China's currency devaluation and slowing economy have caused enormous turmoil in world financial markets, but they have not really bothered tourists like Henry Lee.
30 August 2015, 18:00 PM

Suzuki Motor says it will buy back VW stake as court settles feud

Japan's Suzuki Motor Corp said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership.
30 August 2015, 18:00 PM

DBCCI to explore trade, investment opportunities in Benelux region

A 14-member business delegation of Dutch-Bangla Chamber of Commerce and Industry (DBCCI) will visit the Benelux region—Belgium, the Netherlands, and Luxembourg—from September 6-12 to explore fresh trade and investment opportunities for Bangladesh.
30 August 2015, 18:00 PM

Brace for quantitative tightening, as China leads FX reserves purge

After six years of quantitative easing, prepare for quantitative tightening.
29 August 2015, 18:00 PM

After Uber, meal-sharing sites under fire in France

First taxis rose up against Uber, then hotels challenged Airbnb and now, restaurants in France are taking on meal-sharing sites they believe create unfair competition and could sap jobs.
29 August 2015, 18:00 PM

Japan inflation flat, household spending slips in blow to Abenomics

Japanese inflation fell back to zero in July while household spending dropped again, official data showed on Friday, as a slowdown in China threatens Japan's already precarious economic picture.
29 August 2015, 18:00 PM

Messaging app Line says still considering IPO

Popular Japanese messaging app Line said Friday it was still considering plans for an initial public offering, after a report said it had shelved the sale for a second year in a row.
29 August 2015, 18:00 PM

IMF's Lagarde says restructuring should suffice for Greek debt

A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.
29 August 2015, 18:00 PM

Vodafone India joins 4G race, to launch services by year end

Vodafone India said on Friday it would launch fourth-generation (4G) mobile phone services in the country by the end of the year, joining rival Bharti Airtel in offering faster data services.
29 August 2015, 18:00 PM

Capital flew out of emerging economies in August

Capital streamed out of emerging-market economies in August as panicky investors dumped equities to the tune of $8.7 billion, according to data from the Institute of International Finance.
29 August 2015, 18:00 PM

Payments glitch at HSBC leaves thousands of Britons without wages

Thousands of Britons failed to receive their wages on Friday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments.
29 August 2015, 18:00 PM

Brazil tumbles into recession

Brazil has slipped into recession, the government said Friday, deepening the gloom in the world's seventh largest economy already battered by falling commodity prices, political crisis and a corruption scandal.
29 August 2015, 18:00 PM

Japan hosts women-focused conference amid economy push

JAPAN on Friday kicked off the "World Assembly for Women" conference, with Prime Minister Shinzo Abe pledging to shake up a corporate culture at home that discriminates against female workers.
29 August 2015, 18:00 PM

China official blames Fed for global market rout, not yuan

The global stock market rout of the past week was sparked by concerns over a possible interest rate rise by the US Federal Reserve and not by the devaluation of China's yuan currency, a senior Chinese central bank official told the news agency.
29 August 2015, 18:00 PM

RBI to focus to rein in inflation

The Reserve Bank of India remains focused on reining in consumer inflation to its target of 4 percent by March 2018, supporting an
29 August 2015, 18:00 PM

US clears Microsoft of patent infringement

Microsoft Corp avoided a potentially costly setback to its mobile phone business on Friday as the US International Trade Commission declined to block the import of its devices in a longstanding patent dispute.
29 August 2015, 18:00 PM

Myanmar approves first-ever national minimum wage

Myanmar's government has approved the country's first-ever national minimum wage, state media reported on Saturday, after months of bitter negotiations with labour groups and employers.
29 August 2015, 18:00 PM