EU slashes UK growth outlook due to Brexit 'uncertainty'

The EU on Thursday slashed Britain's growth forecast for this year and said the slowdown would continue through 2019 as uncertainties over Brexit weigh on the economy.
9 November 2017, 18:00 PM

Emirates airline profit rebounds on cost savings

Leading Middle East airline Emirates said Thursday its half year net profit rebounded strongly from a slump last year due to cost saving measures and favourable exchange rates.
9 November 2017, 18:00 PM

China October exports, imports growth slows

China's exports and import growth eased in October in a sign the world's second-largest economy is starting to cool after a strong first half, with momentum seen slackening further as Beijing's crackdown on pollution hits factory output.
8 November 2017, 18:00 PM

Dollar slips

The dollar slipped against most major currencies on Wednesday, weighed down by worries over possible delays to Donald Trump's tax reform plan and evidence of the US president's waning popularity.
8 November 2017, 18:00 PM

IMF, BOJ member say Japan needs to keep stimulus running

The International Monetary Fund on Wednesday urged Japan to maintain its massive monetary stimulus to support struggling consumer prices, a view echoed by a central bank board member, reinforcing expectations policy will remain accommodative.
8 November 2017, 18:00 PM

Germany's 'wise men' see risks as economy swells

Germany's council of economic experts on Wednesday sharply lifted growth forecasts for 2017 and 2018, but warned that an incoming government has much to do to future-proof the economy.
8 November 2017, 18:00 PM

India gold imports may fall

India's gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as
8 November 2017, 18:00 PM

AT&T says timing of Time Warner deal completion now uncertain

The US Department of Justice is pushing AT&T Inc for “structural remedies” in order to satisfy antitrust concerns over its purchase of Time Warner Inc, a source told Reuters on Wednesday.
8 November 2017, 18:00 PM

Nissan slashes annual operating profit forecast

Japanese car giant Nissan on Wednesday downgraded its annual operating profit forecast after a damaging inspection scandal in its domestic market, as its CEO vowed to regain customers' trust.
8 November 2017, 18:00 PM

Saudi central bank says corruption probe not hurting companies, banks

Saudi Arabia's central bank sought to reassure the business community on Tuesday that a sweeping anti-corruption investigation would not hurt the economy, saying companies and banks could operate as normal.
8 November 2017, 18:00 PM

America first? Global trade on the block as Trump heads to Apec

The future of global trade comes under the microscope this week as Donald Trump addresses Asia-Pacific leaders in Vietnam, a visit that will be carefully examined for clues as to how his "America First" mantra will guide US engagement with the world.
8 November 2017, 18:00 PM

A year after cash ban, India's black money market is thriving

When India declared most bank notes unusable a year ago in an effort to flush out tax cheats, one steel manufacturer was so spooked he resolved to do business by the book in future.
8 November 2017, 18:00 PM

Sri Lanka cuts food taxes

Sri Lanka drastically cut import taxes on essential foods Wednesday to curb record high inflation before its annual budget presentation.
8 November 2017, 18:00 PM

Alibaba says profit up 132pc in outstanding quarter

Chinese e-commerce giant Alibaba said on Thursday that its net profit soared 132 percent percent in an "outstanding" latest quarter, prompting it to raise its projection for full-year revenue growth.
2 November 2017, 18:00 PM

Credit Suisse CEO sceptical about Bitcoin bubble

Credit Suisse Chief Executive Tidjane Thiam on Thursday expressed caution about Bitcoin, saying the current interest in the crypto-currency could eventually subside.
2 November 2017, 18:00 PM

Dubai positions self as Africa investment hub

African officials, including four heads of state, convened with international CEOs at a summit Wednesday in Dubai, part of its push to position itself as a link for huge potential investments on the continent.
2 November 2017, 18:00 PM

Pizza Hut sales help Yum Brands beat estimates

Pizza Hut broke a five-quarter streak of declining sales, helping owner Yum Brands Inc report profit and revenue for the third quarter above Wall Street expectations on Thursday.
2 November 2017, 18:00 PM

World food prices fall 1.3pc: FAO

World food prices fell slightly in October from the previous month, as valuations dropped for all food commodities apart from cereals, the United Nations food agency said on Thursday.
2 November 2017, 18:00 PM

Facebook profits leap on booming ad revenue

Facebook on Wednesday reported that profits leapt on booming revenue from online ads in the third quarter, topping investor forecasts and buoying shares already at record highs.
2 November 2017, 18:00 PM

Fujitsu, Lenovo agree to PC merger

Japan's Fujitsu said on Thursday it had agreed to merge its struggling PC business with Lenovo, giving the Chinese computer giant a controlling share of the business.
2 November 2017, 18:00 PM