War deepens credit risk fears for Asia-Pacific banks
REUTERS, Hong Kong/Sydney
5 hour(s) ago Global Economy
Oil prices edge up
REUTERS, Beijing/Singapore
5 hour(s) ago Global Economy
Commerce minister seeks Chinese investment in green tech
Star Business Report
11 hour(s) ago Business
Iran war and oil to dominate BRICS meet in India
AFP
14 May 2026, 08:42 AM Global Economy

Greece could exit euro and EU without bailout deal: central bank

The Greek central bank warned Wednesday that the country could crash out of the eurozone and even the European Union if it fails to reach a bailout deal with international creditors.
17 June 2015, 18:00 PM

Gap to close 175 stores, cut jobs at headquarters

Apparel retailer Gap Inc said it would close a quarter of Gap specialty stores in North America over the next few years, including 140 this year, potentially affecting thousands of jobs as the company struggles with a slump in sales at its namesake brand.
16 June 2015, 18:00 PM

Honda recalls 1.39m cars with passenger-side Takata air bags

Honda Motor Co Ltd on Monday said it will recall 1.39 million Accord and Civic model sedans with potentially faulty front passenger-side air bags made by Japan's Takata Corp.
16 June 2015, 18:00 PM

What's holding up an EU-US free trade deal?

The European Union and the United States launched negotiations in July 2013 to create a free trade agreement, the Transatlantic Trade and Investment Partnership (TTIP), with initial hopes of a rapid conclusion.
16 June 2015, 18:00 PM

Greece uncertainty sours German investor sentiment: ZEW

Investor sentiment in Germany fell to its lowest level in seven months in June as the uncertainty over Greece and subdued global growth weighed on confidence, a leading survey found on Tuesday.
16 June 2015, 18:00 PM

Nestle says India's Maggi ban cost 44.5m euros

Nestle said Monday that India's decision to ban the Swiss food giant's hugely popular Maggi instant noodles over safety concerns had led to 3.2 billion rupees (44.5 million euros, $50.5 million) worth of goods being withdrawn.
16 June 2015, 18:00 PM

China trying a policy twist to cut borrowing costs

China is looking for new ways to lower stubbornly high long-term borrowing costs and stop the fruits of its looser monetary policy being pumped into speculative plays instead of supporting its slowing economy, policy insiders say.
16 June 2015, 18:00 PM

Indonesia's trade surplus increases

Indonesia's trade surplus grew to $950 million in May, official data showed Monday, as imports slid sharply in Southeast Asia's largest economy.
15 June 2015, 18:00 PM

Arab world's biggest bourse opens to foreigners in Saudi

Saudi Arabia's stock exchange allowed foreign investors to trade shares for the first time Monday, boosting efforts by the world's top oil exporter to become a major global capital market.
15 June 2015, 18:00 PM

India's wholesale prices decline for seventh month

India's wholesale inflation fell for a seventh consecutive month, but the pace of the drop slowed as fuel and food prices rose, government data showed on Monday.
15 June 2015, 18:00 PM

EU preparing for 'state of emergency' after Greek talks collapse

GERMANY'S EU commissioner said on Monday it was time to prepare for a "state of emergency" after talks collapsed at the weekend to rescue Greece from default and ejection from the euro.
15 June 2015, 18:00 PM

Airbus, Boeing announce $20b in orders as Paris Air Show takes off

Airbus and Boeing got their sales war off to a flying start at the world's premier air show near Paris on Monday with nearly $20 billion (18 billion euros) in orders.
15 June 2015, 18:00 PM

With CEO shakeup, Twitter under pressure to please advertisers

Twitter Inc's next chief executive officer faces a crucial challenge as the company seeks to appease Wall Street after last week's management shakeup -- helping disaffected advertisers connect with users.
15 June 2015, 18:00 PM

Standard Bank plans big

Even a lucrative career path cannot impede the spirit of entrepreneurship, and Kazi Akram Uddin Ahmed, chairman of Standard Bank, a local private bank, has proved this as he groomed himself as an entrepreneur in banking, coming from another sector.
15 June 2015, 18:00 PM

Chinese taxi app raising $1.5b to battle Uber

China's top taxi hailing app backed by tech giants Alibaba and Tencent will raise at least $1.5 billion, Bloomberg News reported on Monday, as the company gears up to take on Uber in the country's expanding transportation market.
15 June 2015, 18:00 PM

Russia cuts interest rate further in bid to stir economy

Russia's Central Bank on Monday cut its key interest by one point to 11.5 percent as it tried to bolster an economy battered by Western sanctions and lower oil prices.
15 June 2015, 18:00 PM

EU business confidence in China at new low: survey

European companies are losing confidence in China's economy, a lobby group survey said on Wednesday, with many firms planning to lay off staff as Beijing struggles to boost growth and embarks in an anti-monopoly drive.
10 June 2015, 18:00 PM

Alibaba won't fight for US market share

Chinese e-commerce titan Alibaba Group Holding Ltd does not want to fight for US market share but instead hopes to help small US businesses sell more goods in China, Executive Chairman Jack Ma said.
10 June 2015, 18:00 PM

Facebook earns 51pc of ad revenue overseas

Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company executives told Reuters.
10 June 2015, 18:00 PM

Britain wants law to guarantee budget surplus

Britain's finance minister George Osborne will use next month's post-election budget to push ahead with new laws to force governments to run a surplus.
10 June 2015, 18:00 PM