UK Brexit minister says good prospect of agreeing transitional deal with EU

There is a good prospect Britain will negotiate a transitional arrangement with the European Union before it leaves the bloc in March 2019, Britain's Brexit minister David Davis said on Thursday.
7 September 2017, 18:00 PM

Eicher set to make $1.8b-$2b binding bid for Ducati

India's Eicher Motors is set to make a $1.8 billion-$2 billion bid for Italian motorcycle manufacturer Ducati, the Economic Times daily reported on Thursday, sending the shares in the maker of Royal Enfield motorbikes to a record high.
7 September 2017, 18:00 PM

Ex-manager of RCBC to face charges in Philippines for BB cyber heist

Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering of tens of millions of dollars stolen from Bangladesh's central bank last year but cleared two casino agents and a remittance firm.
7 September 2017, 18:00 PM

Rangpur chamber urges Nepal to establish road, rail connectivity

The Rangpur Chamber of Commerce and Industry on Wednesday urged the Nepalese government to upgrade the Banglabandha-Phulbari-Kakarvita route from two lanes to four lanes to boost trade between the two countries.
7 September 2017, 18:00 PM

How Honda lost its mojo - and the mission to get it back

The driver punched the air as his red and white Honda McLaren roared over the finish line. It was Suzuka, Japan, 1988, and Ayrton
7 September 2017, 18:00 PM

Dollar gains further

The dollar extended its gains on Thursday as strong US growth and jobs data helped traders move past North Korea's missile test, while oil rebounded slightly as deadly storm Harvey batters the Gulf Coast.
31 August 2017, 18:00 PM

Diverging paths: As China's big banks improve, smaller lenders lag

After a tough two years, China's largest banks are reporting green shoots, with the top four turning in consensus-beating profits and promising an upbeat second half.
31 August 2017, 18:00 PM

India seen posting stronger economic growth as shock from cash clampdown fades

India's economy likely showed further signs of recovery in the latest quarter from a shock cash squeeze late last year, but the rebound is not expected to be strong enough to help it reclaim the crown of the world's fastest-growing major economy.
31 August 2017, 18:00 PM

Rice prices drop in major exporters on weak demand

Rice prices dropped this week in Thailand, Vietnam and India due to weak demand for the staple, traders said on Thursday.
31 August 2017, 18:00 PM

Coin offerings create financial risks: China industry body

Launches of new digital currencies, known as initial coin offerings (ICOs), have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China's National Internet Finance Association said.
31 August 2017, 18:00 PM

Toshiba misses target date for chip unit sale, increasing business risks

Toshiba Corp failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive.
31 August 2017, 18:00 PM

Six big banks join blockchain digital cash settlement project

Six new banks have joined a UBS-led effort to create a digital cash system that would allow financial markets to make payments and settle transactions quickly via blockchain technology. The group aims to launch the system late next year.
31 August 2017, 18:00 PM

LG packs image, audio features into new flagship phone

LG Electronics on Thursday introduced a slimmer version of its top-of-the-line phone, with advanced new camera and voice-activation features aimed at active video users, which it hopes can help it claw back market share lost to rivals.
31 August 2017, 18:00 PM

Shanghai Stock's chairman to visit Bangladesh

Wu Qing, chairman of Shanghai Stock Exchange, is scheduled to visit Bangladesh and sit with the officials of Chittagong Stock Exchange this month.
31 August 2017, 18:00 PM

Canada's economy grew 4.5pc in second quarter

The Canadian economy grew 4.5 percent in the second quarter of 2017, the government statistical agency said Thursday, pushing beyond forecasts to the highest growth rate in 15 years.
31 August 2017, 18:00 PM

Crude slips, gasoline jumps as storm shuts a fifth of US fuel output

Crude oil slid and gasoline futures hit their highest since mid-2015 on Wednesday as flooding and damage from Tropical Storm Harvey shut over a fifth of US refineries, curbing demand for crude while raising the risk of fuel shortages.
30 August 2017, 18:00 PM

Russian central bank steps in to rescue troubled lender

Russia's central bank said Tuesday it was stepping in to save the country's eighth largest lender, Otkritie, amid fears over its stability following a sharp drop in customer deposits in recent months.
30 August 2017, 18:00 PM

UK may shame firms over boss pay

The British government announced Tuesday reforms that could see companies that award generous pay packages despite shareholder opposition shamed in a public register, although the package was less ambitious than the original proposals.
30 August 2017, 18:00 PM

Saudi Arabia shortlists 25 bidders for major wind plant

Saudi Arabia invited bids Tuesday from 25 shortlisted companies to build a 400 megawatt wind power project, as the world's top oil exporter pushes for renewable sources to diversify its energy mix.
30 August 2017, 18:00 PM

Harvey damage estimated at $42b, among most costly US storms

Damage from Hurricane Harvey could put it among the top five most costly US storms ever, with failing dams and levees driving up loss forecasts, data modeling showed Tuesday.
30 August 2017, 18:00 PM