India makes fifth rate cut, slashes growth forecast

INDIA’S central bank on Friday cut interest rates for the fifth time this year, putting them at a near-decade low, while it also slashed its growth forecasts as authorities struggle to kickstart Asia’s third-largest economy.
5 October 2019, 18:00 PM

US airlines grapple with ‘unfair tax’

US airlines are scrambling to digest a new 10 percent tariff on European-made Airbus planes that threaten additional havoc in a market already reeling from frozen deliveries of Boeing Co’s 737 MAX.
5 October 2019, 18:00 PM

Samsung ends mobile phone production in China

Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market.
2 October 2019, 18:00 PM

Huawei phones lose access to install Google’s apps

Huawei Technologies Co Ltd’s newly launched Mate 30 devices have lost their access to manually install Google’s Android apps, Bloomberg reported on Tuesday.
2 October 2019, 18:00 PM

No-deal Brexit would slam German growth in 2020: experts

Britain quitting the European Union without a deal on October 31 would deal a harsh blow to Germany’s already stuttering economy in 2020, leading think-tanks said in Berlin Wednesday.
2 October 2019, 18:00 PM

Why Asia has eye-watering onion prices

Whether it’s Pakistani chicken curry, Bangladeshi biryani or Indian sambar, Asian consumers have developed a serious dependence on Indian onion supplies for go-to dishes. Shorter shipment times than from rival exporters like China or Egypt play a crucial role in preserving the taste of the perishable commodity.
2 October 2019, 18:00 PM

Tesla’s China production to start, eyes on mass production timing

Tesla Inc’s China factory aims to start production this month but it is unclear when it will meet year-end production targets due to uncertainties around orders, labor and suppliers, sources with knowledge of the matter said.
2 October 2019, 18:00 PM

WTO to back US tariffs over Airbus subsidies

The World Trade Organization is poised on Wednesday to open the door to hefty US tariffs on European goods over illegal subsidies for Airbus, pushing a 15-year-old row over support for plane giants to the center of fraught global trade relations.
2 October 2019, 18:00 PM

Developing country debt jumps to $7.8tr in 2018: World Bank

Total foreign debt held by developing nations jumped more than five percent to $7.8 trillion, driven by a surge in Chinese debt, the World Bank said in a report on Wednesday.
2 October 2019, 18:00 PM

Gold edges higher as US data fans slowdown fears

Gold prices edged up on Wednesday, after rising as much as 1 percent in the previous session, as disappointing US manufacturing data fanned fears of a sharp global economic slowdown and stoked bets of further interest rate cuts.
2 October 2019, 18:00 PM

Google offers incognito mode for Maps in privacy push

Alphabet Inc’s Google is rolling out new privacy features to its Maps, YouTube and Voice Assistant services, with options including incognito mode and automatic data deletion, the company said on Wednesday.
2 October 2019, 18:00 PM

AW rejects new GM offer as strike forces 6,000 Mexico layoffs

The United Auto Workers union said on Tuesday it rejected a new comprehensive offer from General Motors Co to end a two-week-old strike, saying the automaker came up short on several fronts including wages, healthcare and temporary workers.
2 October 2019, 18:00 PM

US hiring rises at solid but slower pace in September

American firms continued to hire in September but at a slower pace as businesses have become more cautious, according to private payrolls firm ADP on Wednesday.
2 October 2019, 18:00 PM

BOJ to stick to playbook in fighting excessive yield falls

The Bank of Japan will stick to its playbook of minor tweaks and verbal warnings to rein in sharp falls in long-term interest rates, sources say, raising questions about its ability to control the yield curve while managing market expectations.
2 October 2019, 18:00 PM

UK construction slump worsens as Brexit uncertainty deepens - PMI

A downturn in British construction deepened last month, according to a survey on Wednesday that showed the commercial and civil engineering sectors contracting at the fastest in around 10 years ahead of Brexit.
2 October 2019, 18:00 PM

Thomas Cook Belgian arm bankrupt, 500 jobs at risk

A Belgian commercial court in Ghent on Tuesday declared the local travel agency business of British tour operator Thomas Cook bankrupt, putting 500 jobs at risk.
1 October 2019, 18:00 PM

Japan business confidence continue dropping

Confidence among Japan’s biggest manufacturers has slipped for the third straight quarter, the Bank of Japan’s business survey showed Tuesday, suggesting a stuttering recovery for the world’s third-largest economy.
1 October 2019, 18:00 PM

RBI to pick up slack as India stimulus measures to fall short: economists

Recent stimulus measures announced by the Indian government will be insufficient to boost economic growth significantly, said a majority of economists in a Reuters poll who predicted two more interest rate cuts this year, in October and December.
1 October 2019, 18:00 PM

Australia’s central bank cuts rates to new record low

Australia’s central bank on Tuesday lowered the cost of borrowing, slashing interest rates for the third time this year amid fears about the flagging domestic economy.
1 October 2019, 18:00 PM

German inflation slips again in September

Inflation in Europe’s largest economy Germany eroded further in September, official data showed Monday, weeks after the European Central Bank announced new measures to stoke price growth.
1 October 2019, 18:00 PM