Need to preserve Renault-Nissan alliance: French finance minister

French Finance Minister Bruno Le Maire on Sunday said it was necessary to preserve the alliance between Renault SA and Japan’s Nissan Motor Co Ltd, which he said has benefited the French automaker with synergies and technology.
9 June 2019, 18:00 PM

EU states adopt ‘panda bonds’ in Chinese outreach

EU members Hungary, Poland, Portugal and soon Austria are strengthening ties with China by issuing attractive “panda bonds” that help Beijing raise its profile on international financial markets.
9 June 2019, 18:00 PM

Pakistan’s GDP grows 3.3pc, sharply below target

Pakistan’s Finance Ministry expects economic growth in the financial year ending in June to hit 3.3 percent, well below a target of 6.2 percent set last year, with key sectors all performing worse than expected, according to a planning document seen by Reuters.
8 June 2019, 18:00 PM

G20 countries eye tax policy for internet giants

G20 countries are planning a new tax policy for digital giants like Google, based on the business a company does in a country, not where it is headquartered, the Nikkei business daily said Thursday.
30 May 2019, 18:00 PM

Huawei a key beneficiary of China subsidies that US wants ended

A replica of the Palace of Versailles, medieval turrets, and spires rise across Huawei’s new campus in southern China, a monument to the telecom giant’s growing fortune -- and the benefits of state aid.
30 May 2019, 18:00 PM

Malaysia will use Huawei ‘as much as possible’: Mahathir

Malaysia will continue using Huawei products “as much as possible,” bucking a global trend prompted by security concerns and a US ban on the Chinese firm, the country’s prime minister said Thursday.
30 May 2019, 18:00 PM

Japan business lobby urges sales tax hike to proceed as planned

The head of a Japanese business lobby said a planned sales tax hike should proceed in October to sustain the social security system for a rapidly ageing population, despite calls from elsewhere to postpone it given growing economic challenges.
30 May 2019, 18:00 PM

Malaysia PM proposes common Asia trading currency

East Asia should consider a common regional trading currency based on gold to promote commerce, and free the region from relying on dollar transactions, Malaysia’s prime minister said Thursday.
30 May 2019, 18:00 PM

From sky farms to lab-grown shrimp, Singapore eyes food future

Singapore, the tiny Southeast Asian city-state, is an unlikely place for a farming revolution. With tiered fish farms, vegetable plots atop office buildings and lab-grown shrimp, the island aims to beef up its own food production and rely less on imports to feed its 5.6 million people.
30 May 2019, 18:00 PM

RBI to cut rates in June, but analysts split on if it should

The Reserve Bank of India will cut interest rates at a third consecutive meeting in June, according to a Reuters poll of economists who were split over whether it should.
29 May 2019, 18:00 PM

From European dream to global giant: Airbus marks half century

Fifty years ago at the Paris air show, France’s transport minister and Germany’s economy minister signed an agreement that would change aviation history.
29 May 2019, 18:00 PM

Huawei challenges legality of US defense bill as sanctions fight ramps up

China's Huawei Technologies Co Ltd has filed a motion for summary judgment in its lawsuit against the US government, in the telecoms equipment maker’s latest bid to fight sanctions from Washington that threaten to push it out of global markets.
29 May 2019, 18:00 PM

Bangladesh needs a modern airport

Bangladesh needs to upgrade its airport facilities and relevant infrastructure without further ado to keep up with the country’s fast-growing air traffic brought about by its rapid economic growth in recent years, said a top official of global airline giant Emirates.
29 May 2019, 18:00 PM

US consumer confidence hits six-month high in May

US consumers were in an increasingly rosy mood in May, driving an index of consumer confidence to a six-month high as the jobs market remained robust, survey results showed.
29 May 2019, 18:00 PM

Reality bites after IMF tells Pakistan to leave rupee to market forces

Less than 10 months after coming to power in Pakistan with visions of creating a welfare system to lift millions out of poverty, economic crisis has forced Prime Minister Imran Khan into the hard realities of an IMF bail-out.
25 May 2019, 18:00 PM

Chinese carriers seek compensation for Boeing 737 Max groundings

China’s official airline association said Friday it will help 13 member carriers seek compensation from Boeing for losses already approaching $580 million due to the grounding of the 737 MAX 8.
25 May 2019, 18:00 PM

Chinese regulators take over small lender

Chinese financial regulators on Friday took over a bank based in the northern Inner Mongolian region because of its “serious credit risk”.
25 May 2019, 18:00 PM

Trump urges fairer trade with Japan during four-day visit

US President Donald Trump Saturday vowed to make the US trade relationship with Japan a “little bit more fair”, as he kicked off a four-day visit to Tokyo aimed at cementing ties between the two close allies.
25 May 2019, 18:00 PM

Dollar tumbles as trade war hits US economic data

The dollar fell on Friday from a two-year high against a basket of major currencies after orders for US-made capital goods fell, further evidence that manufacturing and the broader economy are slowing, due in part to the US-China trade dispute.
25 May 2019, 18:00 PM

Global stocks, oil edge higher on muted trade optimism

World stocks edged higher on Friday and oil prices recovered from bruising falls, after US President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted.
25 May 2019, 18:00 PM