US looking into whether Uber bribed foreign officials

The US Justice Department is investigating whether Uber broke American laws against bribing foreign officials to promote business interests, the company confirmed Tuesday.
30 August 2017, 18:00 PM

Moody's says G20 GDP growth to exceed 3pc

Moody's Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, US protectionism and spillovers from global monetary tightening and China's deleveraging measures.
30 August 2017, 18:00 PM

Siemens buys self-driving software specialist Tass

German industrial group Siemens has agreed to buy Dutch self-driving software specialist Tass International for an undisclosed sum to strengthen its automotive business, it said on Wednesday.
30 August 2017, 18:00 PM

US economy grows 3pc in Q2

The US economy grew at its fastest pace in more than two years in the second quarter, much faster than initially estimated, official data showed Wednesday.
30 August 2017, 18:00 PM

Merkel supports European Monetary Fund to bolster euro zone stability

German Chancellor Angela Merkel endorsed the idea of a European Monetary Fund on Tuesday and said she could imagine creating a combined European finance and economy minister, signalling a willingness to deepen euro zone integration.
29 August 2017, 18:00 PM

Oil prices decline

Crude prices dipped on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country's oil industry.
29 August 2017, 18:00 PM

UK house price growth eases to 3-month low in August

British house price growth eased to a three-month low in August, adding to signs that the squeeze on household spending since last year's Brexit vote has led to a slowdown in the housing market, a survey showed on Tuesday.
29 August 2017, 18:00 PM

Debt cut for Greece not on agenda for now, Germany's Schaeuble says

Greece must press ahead with implementing its reforms-for-aid programme and become more competitive, German Finance Minister Wolfgang Schaeuble was quoted as saying, adding that debt relief for Athens was "currently" not on the agenda.
29 August 2017, 18:00 PM

TPP countries consider amendments to stalled trade deal

The 11 countries committed to the Trans-Pacific Partnership are considering amendments to the trade deal, three sources said on Tuesday, as officials meet in Sydney for talks to re-energize the stalled agreement.
29 August 2017, 18:00 PM

Dollar falls to 4-month low vs yen

The dollar hit a four-month low against the yen on Tuesday after North Korea fired a missile that passed over northern Japan, the latest act of provocation by Pyongyang that has ramped up global tensions.
29 August 2017, 18:00 PM

Philippines lifts Uber suspension after it pays nearly $10m in penalties

The Philippines lifted its one-month suspension on Uber Technologies ahead of schedule on Tuesday after the ride-hailing firm paid almost $10 million in a fine and financial aid to its drivers affected by the halted operations.
29 August 2017, 18:00 PM

Brazil seeks buyers in China in privatisation wave

Brazil's President Michel Temer heads to China with ministers and business leaders Tuesday to woo investors as he seeks to privatise a host of state utilities.
29 August 2017, 18:00 PM

New York regulator may fine Habib Bank up to $630m

The New York State Department of Financial Services (DFS) is seeking to fine Habib Bank Ltd nearly $630 million for deficiencies relating to compliance with state and federal laws at its only US branch, an official of the Pakistan bank said on Monday.
28 August 2017, 18:00 PM

Braving security fears, Chinese seek 'Silk Road' riches in Pakistan

Zhang Yang, a businessman from Chongqing in southwest China, is searching online forums for fellow stout-hearted entrepreneurs willing to cast aside security concerns and join him on a scouting mission to Pakistan.
28 August 2017, 18:00 PM

Euro rises on bets for ECB tightening

The euro held its gains on Monday as traders bet that the European Central Bank would start to wind down its crisis-era stimulus programme, while lower expectations for further tightening in the United States weighed on the dollar.
28 August 2017, 18:00 PM

US broadcaster CBS to buy Australia's Ten Network

American broadcaster CBS has secured a deal to buy Australia's third-largest television network, Ten, the embattled station's administrators said Monday.
28 August 2017, 18:00 PM

Samsung Electronics to invest $7b to boost China NAND chip output

Samsung Electronics Co Ltd expects to invest $7 billion over the next three years to expand its NAND memory chip production in China's northwestern city of Xi'an, the South Korean tech giant said on Monday.
28 August 2017, 18:00 PM

China cash curbs to hit European football clubs

China's crackdown on overseas investments is expected to herald a slowdown in splurging on European clubs and impact teams where it hurts fans the most -- on the pitch.
28 August 2017, 18:00 PM

Growth in lending to eurozone firms rebounds in July

Growth in lending to companies in the eurozone rebounded in July following a slump in June, data from the European Central Bank showed Monday.
28 August 2017, 18:00 PM

China merges energy giants into global leader

Chinese authorities have approved a mega-merger between the country's largest coal producer and a top electricity firm, the government said Monday, reportedly creating the world's biggest power company in terms of capacity.
28 August 2017, 18:00 PM