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China stocks plunge as government efforts fail

China stocks took another plunge Wednesday, as the securities regulator warned the market was in the grip of "panic" selling after fresh government moves failed to arrest a rout that has now infected regional markets.
8 July 2015, 18:00 PM

India's push to curb steel imports could hit its small mills

Steps by India to protect its large steelmakers from a flood of cheap imports could end up closing scores of small, local firms that process the metal, industry analysts and executives said.
8 July 2015, 18:00 PM

Greece and China expose limits of 'whatever it takes'

For a world so confident that central banks can solve almost all economic ills, the dramas unfolding in Greece and China are sobering.
8 July 2015, 18:00 PM

Microsoft cuts 7,800 jobs

Microsoft announced plans Wednesday to cut 7,800 jobs, most from the struggling mobile phone division acquired last year from Nokia.
8 July 2015, 18:00 PM

Samsung profit drop misses estimates

Samsung Electronics on Tuesday flagged a second quarter drop in operating profit that missed analyst estimates after sales of its newest flagship smartphone failed to meet expectations.
7 July 2015, 18:00 PM

Issuance of Islamic bonds to drop sharply in 2015: S&P

The Islamic sukuk or bond market is set to drop sharply this year after Malaysia's central bank, one of the largest global issuers, stopped doing so, Standard & Poor's said Tuesday.
7 July 2015, 18:00 PM

Chinese investors learn markets can go down as well as up

Three weeks of falls on Shanghai's stock market have cost veteran investor Gu Yongbiao five million yuan -- more than $800,000 -- he estimates, over two-thirds of the value of his portfolio.
7 July 2015, 18:00 PM

German factory orders slip in May

German industrial orders, a key measure of demand for goods in Europe's top economy, slipped slightly in May, the economy ministry
6 July 2015, 18:00 PM

Singapore says impact of Greece 'No' vote negligible

Asian financial centre Singapore's direct exposure to debt-ridden Greece is "negligible", the city-state's central bank said Monday after
6 July 2015, 18:00 PM

$3b Islamic sukuk programme launched

The Arab Petroleum Investments Corporation (APICORP) said Monday it has established a $3-billion Islamic sukuk programme to diversify
6 July 2015, 18:00 PM

Rolls-Royce cuts profit forecasts as new CEO takes helm

British engineer Rolls-Royce cut profit expectations for the third time in nine months on Monday, increasing the challenge for its new
6 July 2015, 18:00 PM

Varoufakis: Scourge of Greece's creditors

Greece's maverick finance minister Yanis Varoufakis, who announced his surprise resignation on Monday, achieved near-celebrity
6 July 2015, 18:00 PM

Eurozone's poorer nations take hard line on Greece

The eurozone's poorer former communist nations, having themselves endured painful market reforms and austerity programmes, are
6 July 2015, 18:00 PM

Trans-Pacific pact to reshape stock portfolios alongside trade flows

Buy Japan. Buy Vietnam. Buy US media stocks. Buy Mexican food stocks. Sell China.
6 July 2015, 18:00 PM

China's influence grows as Russian crisis rocks Central Asia

At a bazaar in Tajikistan's capital Dushanbe, once a far-flung outpost of the Soviet Union, cheap goods from neighbouring China are
6 July 2015, 18:00 PM

Beijing names preferred chief for China-led bank

Beijing on Monday named a former vice minister of finance as its preferred candidate to head the China-led Asian Infrastructure
6 July 2015, 18:00 PM

Sugar, flour, rice: panicked Greeks stock up on essentials

Greeks were hoarding cash and food Saturday amid mounting fears the economy could collapse, cracking open their wallets only to
5 July 2015, 18:00 PM

India's $100b solar push draws foreign firms

India's $100 billion push into solar energy over the next decade will be driven by foreign players as uncompetitive local manufacturers
2 July 2015, 18:00 PM

PayPal buys Xoom in $890m deal

Online payments titan PayPal said Wednesday it is buying international money-sending service Xoom in a deal valued at $890 million.
2 July 2015, 18:00 PM

Even with a bailout, Greece's debt must be tackled

Write down, write off, restructure, reprofile whatever term you choose, if Greece doesn't completely default on its debt, its creditors will
2 July 2015, 18:00 PM