Cryptocurrencies' total value hits record high

The aggregate value of all cryptocurrencies hit a record high of around $184 billion on Wednesday, according to industry website
1 November 2017, 18:00 PM

TPP talks without US near final stretch ahead of Apec

The 11 remaining nations in the Trans-Pacific Partnership (TPP) without the United States edged towards sealing a comprehensive free
1 November 2017, 18:00 PM

Oil hits highest since mid-2015

Oil rose to its highest since mid-2015 on Wednesday as data showed Opec has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal.
1 November 2017, 18:00 PM

Banks prepare to defend against N Korean cyber threat: experts

Global banks are preparing to defend themselves against North Korea potentially intensifying a years-long hacking spree by seeking to cripple financial networks as Pyongyang weighs the threat of US military action over its nuclear program, cyber security experts said.
1 November 2017, 18:00 PM

Rising expenses take shine off StanChart profit rise

Higher expenses and flat revenues overshadowed better than expected quarterly profit for Standard Chartered on Wednesday, sending shares in the Asia-focused bank more than 5 percent lower.
1 November 2017, 18:00 PM

IMF tells Gulf states to speed up switch from oil

The IMF on Tuesday advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial crisis.
1 November 2017, 18:00 PM

No target will be there to double GDP from 2021: China

China will not set a goal of doubling its gross domestic product starting in 2021 so it can focus more on higher-quality, long-term growth, a senior Communist Party official said, in a break from past practice.
26 October 2017, 18:00 PM

India bank recap bonds unlikely to reflect in fiscal deficit

The Indian government's 2.11 trillion-rupee ($32.53 billion) plan to infuse capital into its banks, bulk of which will be funded via
26 October 2017, 18:00 PM

Spain jobless queue shortens thanks to tourism

Spain's jobless queue shortened once more in the third quarter, official figures showed Thursday, as seasonal work boomed during the country's thriving tourist summer.
26 October 2017, 18:00 PM

EU launches probe into UK tax scheme for multinationals

The EU on Thursday announced a major probe into a British scheme protecting multinationals from tax avoidance rules, in the latest move in the bloc's campaign to get international companies to pay their share.
26 October 2017, 18:00 PM

Oil slips

Oil steadied on Thursday, pressured by an unexpected increase in US crude inventories, high US production and exports, but was supported near multi-month highs by tighter crude markets.
26 October 2017, 18:00 PM

German businesses more confident than ever

A closely-watched monthly survey of German business leaders hit its highest-ever level in October, the Ifo economic institute said Wednesday, pointing to continued strong performance for Europe's largest economy.
25 October 2017, 18:00 PM

British economy fractionally picks up speed in Q3

Britain's economy picked up speed ever so slightly in the third quarter, official data showed on Wednesday, strengthening expectations for an interest rate hike next month.
25 October 2017, 18:00 PM

Japan bank CEO quits over claims of $2.2b in bad loans

The head of a government-backed Japanese bank said Wednesday he would quit in response to an internal probe that found wide-ranging misconduct involving some $2.2 billion in shady loans.
25 October 2017, 18:00 PM

Apple acquires New Zealand wireless charging company

Apple, which recently said it was including wireless charging in its latest iPhone X and iPhone 8 smartphones, has acquired New Zealand firm PowerbyProxi that designs wireless power products for consumers and industry.
25 October 2017, 18:00 PM

Visa quarterly profit rises 11pc

Visa Inc, the world's largest payments network operator, reported an 11 percent increase in fourth-quarter profit on Wednesday, driven by its purchase of Visa Europe and as more people made payments using its network.
25 October 2017, 18:00 PM

Ex-HSBC executive found guilty of fraud in $3.5b currency trade

A US jury on Monday found a former HSBC executive guilty of defrauding Cairn Energy in a $3.5 billion currency trade in 2011.
25 October 2017, 18:00 PM

Sovereign wealth funds eye disruptive technologies,more co-investments

Sovereign wealth funds holding hundreds of billions of dollars are increasingly investing in private companies that disrupt businesses and doing more co-investments to generate better returns, Middle Eastern and Asian funds said on Wednesday.
25 October 2017, 18:00 PM

US durable goods orders gain pace in September

US manufacturers saw rising sales of major durable goods for the second straight month in September, boosted by orders for aircraft and
25 October 2017, 18:00 PM

Workers rights get Qatar nod as ILO poised to decide on abuse probe

Qatar has signed 36 worker protection agreements with countries that provide much of its labour force, state media reported on Wednesday, weeks before the International Labour Organisation is to decide whether to investigate it for worker abuse.
25 October 2017, 18:00 PM