Amazon workers in Germany strike over pay

More than 2,000 workers at seven Amazon sites across Germany have gone on strike over pay for at least two days, labour union Verdi said on Monday.
15 July 2019, 18:00 PM

Asian bonds see higher overseas investments in June

Foreign investors stepped up their purchases in Asian bonds in June as a thaw in long-running Sino-US trade dispute and falling global interest rates bolstered the appetite for regional bonds.
15 July 2019, 18:00 PM

Groping for new tools, central banks look at Japan’s yield controls

Japanese-style interest rate caps are drawing interest from global central bankers worried about a downturn, including US Federal Reserve officials grappling with how to bolster their options as prospects for the global economy darken.
15 July 2019, 18:00 PM

India business sentiment lowest since 2016

India’s slowing economic growth, water shortage and regulatory hurdles have taken its business sentiment in June to the lowest level since 2016, a survey by market research firm IHS Markit showed on Monday.
15 July 2019, 18:00 PM

China posts slowest GDP growth in three decades

China’s growth slowed to its weakest pace in almost three decades in the second quarter, with the US-China trade war and weakening global demand weighing on the world’s number-two economy, official data showed Monday.
15 July 2019, 18:00 PM

Pakistan to pay foreign firm $6b over mine closure: WB

Pakistan will have to pay almost $6 billion in damages to a foreign gold mining firm whose dig was shut down by the government in 2011, the World Bank said Sunday.
15 July 2019, 18:00 PM

Explainer: Will India’s tax on the rich hit foreign investment inflows?

The government’s budget proposal earlier this month to increase taxes on those with annual incomes of more than 20 million rupees has rattled many foreign portfolio investors(FPIs).
15 July 2019, 18:00 PM

Qatar leads $150m funding for Indian education startup Byju’s

Indian online tutoring startup Byju’s said on Wednesday it had raised $150 million from investors led by the Qatar Investment Authority (QIA), which a source familiar with the matter said valued it at more than $5.5 billion.
10 July 2019, 18:00 PM

American Airlines sees $185m profit hit from Boeing MAX grounding

American Airlines Group Inc said on Wednesday its second-quarter profit would be reduced by about $185 million as the No.1 U.S. airline had to cancel thousands of flights due to the grounding of Boeing Co’s 737 MAX jets.
10 July 2019, 18:00 PM

Emissions rules and electric shift to spur car engines M&A

A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives and bankers say.
10 July 2019, 18:00 PM

China factory price inflation slips as trade war pressure grows

Factory prices in China were unchanged in June from a year ago, data showed Wednesday, reviving the prospect of deflation as the US trade war hits the crucial manufacturing sector.
10 July 2019, 18:00 PM

China June new loans seen at 5-month high

New bank loans in China are expected to have picked up to a five-month high in June, a Reuters poll showed, as Beijing kept ample liquidity in the financial system to support the slowing economy and offset growing US trade pressure.
8 July 2019, 18:00 PM

The high-tech trade dispute rooted in Japan’s wartime history

JAPAN has tightened curbs on exports of high-tech materials used in smartphone displays and chips to South Korea, upping the ante in a decades-old dispute with Seoul over South Koreans forced to work for Japanese firms during World War Two.
8 July 2019, 18:00 PM

British Airways faces record $230m fine over data theft

BRITISH Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK’s Information Commissioner’s Office (ICO).
8 July 2019, 18:00 PM

Summer crop planting down 27pc in India

Indian farmers have planted 23.4 million hectares with summer crops, down 27 percent from this time a year ago, according to the Ministry of Agriculture & Farmers’ Welfare, buffeted by patchy monsoon rains that slowed down sowing in the country.
8 July 2019, 18:00 PM

Fed easing could prompt first China rate cut in four years: analysts

China’s central bank could cut its benchmark policy rate for the first time in four years if the US Federal Reserve delivers a widely expected cut in late July, analysts say, as Chinese policymakers step up support for the slowing economy.
8 July 2019, 18:00 PM

Amazon could be a smart shopper in Southeast Asia

Amazon can afford to indulge in some Southeast Asian shopping. The US e-commerce titan pushed into Singapore in 2017 with two-hour deliveries, but has yet to tackle larger and faster-growing markets in the cutthroat region. Buying Sea’s Shopee arm would be a fast way to establish a presence.
8 July 2019, 18:00 PM

India aims to raise $2.18b by cutting stakes in 18 firms to 75pc

India’s government aims to raise up to 150 billion rupees ($2.18 billion) by reducing its stake in 18 state firms to 75 percent, a finance ministry official involved in the matter said on Monday, as it looks to boost revenues and rein in the fiscal deficit.
8 July 2019, 18:00 PM

Europe needs to find candidate to head IMF: France

European finance ministers need to find a compromise candidate to replace Christine Lagarde as the head of the International Monetary Fund, French Finance Minister Bruno Le Maire said on Saturday.
6 July 2019, 18:00 PM

Indian gold discounts at three-year peak after import duty increase

Domestic gold prices in India jumped to a record on Friday following an unexpected increase in import duty in the country’s budget, hitting demand and forcing dealers to offer the highest discount in nearly three years.
6 July 2019, 18:00 PM