Business / World Business

China expects to lay off 1.8 mln workers in coal, steel sectors 29 Feb 2016 - 03:50 pm

A labourer marks steel bars at a steel and iron factory in Huai'an, Jiangsu province, China, in this file photo. REUTERS /PATTY CHEN/FILES ...

South Korean firms say lost $663 mn due to Kaesong closure 29 Feb 2016 - 12:35 pm

A barricade is set on the road leading to North Korea's Kaesong joint industrial complex at a South Korean military checkpoint. AFP /JUNG...

Amazon enters Britain's fresh food market with Morrisons deal 29 Feb 2016 - 11:28 am

Employees of Amazon India are seen behind a glass bearing the company's logo inside its office in Bengaluru, India, August 14, 2015.Reuters/Abhishek N...

Nissan surges as much as 12% on share buyback announcement 29 Feb 2016 - 08:34 am

Tokyo: Nissan shares surged as much as 12 percent at the start of trade on Monday as investors cheered the company's announcement to...

Buffett rails against presidential candidates who talk down economy 28 Feb 2016 - 12:00 am

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks at the Fortune's Most Powerful Women's Summit in Washington October 13, 2015. (Reuters /...

IMF says Tunisia should adjust its 'development model' 28 Feb 2016 - 12:00 am

IMF headquarters. AFP Photo, Saul Loeb Tunis: Tunisia should adjust its development model to counter economic slowdown and build "inclusive growth", the International...

G20 finance ministers warn against Brexit 27 Feb 2016 - 03:29 pm

(L-R) German Finance Minister Wolfgang Schaeuble, German Bundesbank President Jens Weidmann, International Monetary Fund (IMF) Managing Director Christine Lagarde and Secretary-General of the...

G20 warns over 'loopholes' in fight against terror finance 27 Feb 2016 - 02:24 pm

Attendees pose for a group photo during the G20 finance ministers and central bank governors meeting in Shanghai, China February 27, 2016. REUTERS/Aly...

UK's Osborne warns of deeper spending cuts after growth falls short 27 Feb 2016 - 12:24 pm

British finance minister George Osborne and Alibaba group CEO Daniel Zhang walk at Alibaba's headquarters in Hangzhou, Zhejiang province, February 26, 2016. REUTERS ...

G20 to say world needs to look beyond ultra-easy policy for growth 27 Feb 2016 - 09:32 am

US Federal Reserve Board Chair Janet Yellen (R) talks with Britain's Chancellor of the Exchequer George Osborne during the opening ceremony of the...

Pratt & Whitney A320neo engine suffers new test snag 26 Feb 2016 - 05:54 pm

The logo of U.S. manufacturer Pratt & Whitney is seen on an engine of Swiss airline's new Bombardier CS100 passenger jet at Zurich...

Global art market bounces back after 10% slump in 2015 26 Feb 2016 - 02:12 pm

A member of the auction house staff poses by "Peju's Robe" by Ghanaian sculptor El Anatsui during a photocall on Febuary 1, 2016...

Japan's century-old Sharp bets future on foreign takeover 26 Feb 2016 - 12:49 pm

Sharp company logo on a company premise. Reuters Tokyo: In 1916, Sharp got its start making belt buckles and sharpened pencils -- hence...

Hugo Boss CEO to step down at end of month 25 Feb 2016 - 05:35 pm

This file photo taken on March 14, 2013 shows Claus-Dietrich Lahrs, chairman of German fashion houseHugo Boss, arriving for the company's annual press...

Russia's Gazprom reduces gas supplies to Turkey by 10 pct: Sources 25 Feb 2016 - 04:56 pm

REUTERS/ File photo ANKARA: Russian energy giant Gazprom has reduced natural gas supplies to Turkey's private sector companies by 10 percent due to...

Prabhu begins presenting India's rail budget for 2016-17 25 Feb 2016 - 10:00 am

Railway Minister Suresh Prabhu holds up his briefcase upon his arrival at the parliament to present the railway budget in New Delhi, February...

Chinese firm abandons acquisition over US scrutiny 25 Feb 2016 - 09:27 am

The company's core business is hard drives and other storage devices. Reuters Beijing: A Chinese tech firm has abandoned a multi-billion dollar investment...