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EU tries to clear "fog of confusion" over US trade pact

The European Commission will publish detailed reports on its negotiations with the United States to forge the world's biggest trade pact, EU trade chief Cecilia Malmstrom said on Friday, responding to criticism that the talks have been shrouded in secrecy.
22 August 2015, 18:00 PM

Disappointing business surveys intensify world growth fears

Signs China's economic slowdown is deepening and weak growth in Europe and the US reported on Friday further damaged the outlook for the global economy, sending stocks and commodity prices reeling.
22 August 2015, 18:00 PM

HP revenue falls on weak PC sales

Hewlett-Packard Co reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services.
22 August 2015, 18:00 PM

Samsung eyes first entry into US stock markets

South Korea's dominant Samsung conglomerate will make its first entry into US stock markets next year with the listing of a biotechnology affiliate, a company official said Friday.
22 August 2015, 18:00 PM

Oil plumbs 6.5-year low on oversupply, China woes

The oil market extended its dramatic descent this week to strike a 6.5-year nadir close to $40 per barrel on mounting fears of oversupply and poor demand, particularly from China.
22 August 2015, 18:00 PM

US presses China to continue reforms after yuan devalued

US Treasury Secretary Jacob Lew pressed China to continue with economic and financial reforms Friday in the wake of Beijing's surprise devaluation of the yuan last week.
22 August 2015, 18:00 PM

ADB provides $1b to ease Kazakh currency pain

The Asian Development Bank (ADB) said Friday it had approved a $1 billion loan for energy-rich Kazakhstan after the Central Asian country's currency lost a quarter of its value against the dollar Thursday, spreading panic throughout the region.
22 August 2015, 18:00 PM

Greece dampens German consumer confidence

Consumer confidence in Germany is being dampened slightly by the enduring wrangle over Greece's debt crisis, a poll found on Friday.
22 August 2015, 18:00 PM

Swatch CEO signals plans to add to smartwatch range

Swatch plans to add to its new smartwatch range, the Swiss watchmaker's chief executive told a newspaper in an interview published on Saturday.
22 August 2015, 18:00 PM

China's slowing economy: What's wrong?

GLOBAL stocks have been hit hard over concerns for the Chinese economy, with a gauge of the country's manufacturing activity on Friday providing the latest sign of a slowdown in the world's second-largest economy.
22 August 2015, 18:00 PM

Global stocks plummet on fears over world economy

China's economic woes trigger European and Wall Street equity sell-offs and stir up fears for global growth.
22 August 2015, 12:45 PM

China factory data fuels slowdown fears

Latest data suggests factory activity in China shrank at its fastest pace in more than six years in August.
21 August 2015, 10:24 AM

Thailand reshuffles cabinet to focus on troubled economy

Thai Prime Minister Prayuth Chan-ocha has reshuffled his cabinet, appointing a new finance minister and a new deputy premier to oversee the economy as the military government seeks to spur growth.
20 August 2015, 18:00 PM

Indonesia's infrastructure promises fail the chilli challenge

Poor infrastructure makes stable pricing difficult at the best of times in Indonesia, but the rural poor are increasingly pinning the blame for wild fluctuations in the price of staples on the policies and unmet promises of President Joko Widodo.
20 August 2015, 18:00 PM

British retail sales inch up

British retail sales rose by less than expected in July, hit by a fall in the sales of auto fuels, official data showed on Thursday.
20 August 2015, 18:00 PM

AirAsia profit down

Malaysia-based budget carrier AirAsia has seen its second-quarter net profit fall mainly due to the weakening ringgit and higher costs.
20 August 2015, 18:00 PM

Economy sound, as fears mount: Malaysia PM

Prime Minister Najib Razak said on Thursday that Malaysia's economy was on a sound footing, seeking to assuage growing public and investor fears over the nation's plummeting currency and slowing growth.
20 August 2015, 18:00 PM

Doubts over Chinese yuan put BoJ in a bind

China's devaluation of the yuan exposes an undefended flank in the Bank of Japan's efforts to jolt its flagging economy out of decades of deflation, which rely heavily on a solid pick-up in overseas demand.
20 August 2015, 18:00 PM

India steps up rate cut pressure on central bank

India's Finance Minister Arun Jaitley is stepping up pressure on the RBI to cut rates as the economy struggles and price rises slow, with some bureaucrats working behind the scenes to argue for an immediate cut of as much as 50 basis points.
20 August 2015, 18:00 PM

Adani in talks with Softbank, Foxconn on $3b solar plan

Adani Group is in talks with Japan's Softbank and Foxconn, maker of Apple's iPhone, to secure investment in a $3 billion project to make solar cells and panels in the country, two sources with knowledge of the matter said.
20 August 2015, 18:00 PM