GE shifts strategy, financial targets for digital business after missteps

General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business.
28 August 2017, 18:00 PM

India's GDP growth seen picking up to 6.6pc but GST fogs outlook

India's economic growth likely accelerated to 6.6 percent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over a new goods and services tax will dampen activity in coming months.
28 August 2017, 18:00 PM

German firms moving investments away from UK due to Brexit: trade body

MANY German businesses are beginning to shift investments away from Britain in anticipation of increased trade barriers after Brexit, the chief of the DIHK Chambers of Industry and Commerce said on Monday.
28 August 2017, 18:00 PM

Oil markets roiled as Harvey hits US petroleum industry

OIL markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the US Gulf Coast over the weekend, crippling Houston and its port, and knocking out several refineries as well as some crude production.
28 August 2017, 18:00 PM

Egg scare costs Dutch poultry farmers 33m euros

Europe's contaminated egg scare has cost Dutch poultry farmers at least 33 million euros ($39 million), according to a preliminary estimate by the government.
24 August 2017, 18:00 PM

Saudis may seek funding in Chinese yuan

Saudi Arabia is willing to consider funding itself partly in Chinese yuan, a senior Saudi official said on Thursday, raising the possibility of closer financial ties between the two countries.
24 August 2017, 18:00 PM

Britain to study effect of foreign students on economy

Britain commissioned a report on Thursday on the economic impact of foreign students, part of an increasingly heated debate over whether they should be included in the government's target of reducing migration to the tens of thousands.
24 August 2017, 18:00 PM

India to speed up state bank mergers for broader economic revival

India approved a proposal on Wednesday to set up a ministerial panel to speed up consolidation of state-run banks as part of its efforts to revive credit and economic growth.
24 August 2017, 18:00 PM

Samsung seeks to bury fiery past with Galaxy Note 8 launch

Samsung Electronics Co Ltd set out to wipe the slate clean in New York on Wednesday with its new Galaxy Note 8 "phablet," hoping features like dual rear cameras and its biggest-ever screen will extinguish memories of the device's fire-prone predecessor.
24 August 2017, 18:00 PM

Google and Walmart team up to take on Amazon

Walmart, the world's biggest retailer, and Google, the internet's predominant search engine, are teaming up in an attempt to challenge Amazon's growing dominance in online shopping.
23 August 2017, 18:00 PM

US new home sales growth hits 10-month low

New US home sales hit a 10-month low in July as prices forged higher, pointing to a possible slowdown in demand, official figures showed Wednesday.
23 August 2017, 18:00 PM

Verdict for Samsung heir weighs on telecom giant

The heir to the Samsung empire faces the verdict in his corruption trial Friday, which threatens to leave the world's biggest smartphone maker rudderless for more than a decade.
23 August 2017, 18:00 PM

UK vote sparks uncertain outlook for financial sector

Financial markets dislike uncertainty but were handed a hugely clouded outlook Friday after the Conservative party of Prime Minister Theresa May lost its parliamentary majority in Britain's snap general election.
10 June 2017, 18:00 PM

EU seeks to make buying online abroad easier, postage cheaper

The European Commission proposed on Wednesday to ban Internet retailers from treating customers differently depending on where they live to encourage consumers to shop across the bloc for online products.
25 May 2016, 18:00 PM

Junta spending boosts Thai growth but risks remain

Thailand’s economy grew by a more than expected 3.2 percent in the first quarter off the back of strong tourism and public spending, official figures showed Monday, but analysts warned the solid start was still shaky.
16 May 2016, 18:00 PM

Netflix shares jump as customers numbers surge

Video-streaming company Netflix says its customer numbers have surged more than expected last quarter, sending its US-listed shares up as much as 8% in after hours trading.
20 January 2016, 11:29 AM

Fears for world economy wreak carnage on stocks and oil

World stock markets tumbles and oil plumbs new lows on Thursday as investors fear for the global economy on signs of a dramatic slowdown in powerhouse China.
7 January 2016, 12:08 PM

British wage growth likely to disappoint in 2016

British wage growth next year is likely to fall far short of the expectations of the Bank of England (BoE) and government as employers hold back on pay rises in the face of growing costs, an industry body said on Wednesday.
30 December 2015, 18:00 PM

Cheap money fuels mega-merger boom

A flood of cheap money is financing the biggest boom in mega-mergers and takeovers since the 2008 global financial crisis.
1 November 2015, 18:00 PM

Oman Air to connect Dhaka

Oman Air, the national flag carrier of Oman, will initiate Muscat-Dhaka-Muscat flight from October 25 apart from its existing operation to Chittagong.
2 October 2015, 18:00 PM