Business / World Business

India's central bank holds interest rates 07 Jun 2016 - 09:31 am

RBI Governor Raghuram Rajan attends a news conference after their bimonthly monetary policy review in Mumbai, India. REUTERS/Danish Siddiqui Mumbai: India's central bank...

US firms 'increasingly unwelcome' in China 07 Jun 2016 - 08:47 am

Chinese vice premier Wang Yang (2nd R), US Treasury Secretary Jacob Lew (2nd L) and China's State Councillor Yang Jiech (R) look as...

Lew raps China on excess steel production 06 Jun 2016 - 08:15 am

File photo of US Treasury Secretary Jack Lew at a press conference. Reuters Beijing: US Treasury Secretary Jack Lew called on China Monday...

Russian hopes for Iran trade boom run aground at Caspian port 05 Jun 2016 - 10:13 am

Russian President Vladimir Putin (L) speaks with his Iranian counterpart Hassan Rouhani during a signing ceremony after the talks in Tehran, Iran, November...

Jaguar Land Rover sues Chinese automaker over Evoque copycat: source 03 Jun 2016 - 03:43 pm

Customers look at a Range Rover Evoque car outside a dealership in Beijing, China, February 17, 2012. REUTERS/Jason Lee/File Photo Claims Chinese firm...

Philippines keen on raising debt via sukuk, yuan borrowings 03 Jun 2016 - 02:29 pm

By Manolo Serapio Jr and Enrico Dela Cruz MANILA: The Philippines’ incoming finance minister is looking at raising debt via sukuk bonds and...

Early days, but Apple Pay struggles outside US 03 Jun 2016 - 09:53 am

Signs are placed on a table to show how to pay using the Apple Pay service at an Apple store in Beijing. By...

Cutting corners? China SUV makers forego safety feature 03 Jun 2016 - 09:52 am

By Jake Spring In China’s booming sport utility vehicle (SUV) market, many automakers are selling cars without electronic stability control (ESC) as a...

UBS tells bankers ‘take two’ in bid to get the balance right 03 Jun 2016 - 09:51 am

By Anjuli Davies and Pamela Barbaglia Investment bankers at UBS can now take at least two hours of “personal time” a week in...

Ecuador quake to cost $3.4B in repairs 02 Jun 2016 - 09:56 am

By Senabri Silvestre SANTO DOMINGO, Dom. Rep.: Reconstruction from an earthquake in Ecuador in April will costs $3.4 billion, the country’s National Secretary...

Tourism spending jumps in Cyprus 01 Jun 2016 - 05:53 pm

Nicosia: The Mediterranean holiday island of Cyprus recorded a 24-percent hike in key tourism revenues in March, its highest monthly percentage rise this...

Australia to sell bitcoins confiscated as proceeds of crime 31 May 2016 - 12:23 pm

By ROD McGUIRK CANBERRA: About $13 million in bitcoins will be auctioned in Sydney in June after Australian police confiscated the digital currency...

ECB detects higher private-sector loan growth 31 May 2016 - 11:33 am

Frankfurt: Growth of loans to the private sector in the euro area picked up slightly in April, European Central Bank data showed on...

Net profit down 19 pct at scandal-hit VW in 1st quarter 31 May 2016 - 10:25 am

FRANKFURT: Volkswagen saw net profit fall 19 percent in the first quarter as it struggled to deal with a scandal over cars equipped...

Fiskars CEO hunts for brands to transform firm into major player 30 May 2016 - 01:24 am

A glass blower uses traditional methods to shape an Aalto style vase in the workshop at the Iittala glass factory, operated by Fiskars,...

Airbus agrees some A400M problems ‘home-made’ 30 May 2016 - 12:00 am

Frankfurt: Airbus chief Tom Enders conceded in a newspaper interview yesterday that some of the “massive problems” dogging the European airplane manufacturer’s new...

Nigeria's Buhari launches $2.5bn welfare program 29 May 2016 - 01:46 pm

Muhammadu Buhari, Nigeria's president, center, listens at a meeting with representatives of state during the Gas Exporting Countries Forum (GECF) summit in Tehran,...