Britain’s Hinduja brothers consider bid for India’s Jet Airways

The billionaire Hinduja brothers -- Britain’s wealthiest people -- are considering a bid for India’s grounded Jet Airways, a spokesperson said Wednesday, sending shares in the firm soaring almost seven percent.
22 May 2019, 18:00 PM

Investors stick with safe-haven bonds on trade, Brexit concerns

Euro zone safe-haven bond yields dipped on Wednesday as trade tensions between China and the United States and renewed political uncertainty around Britain’s exit from the European Union kept investors on edge.
22 May 2019, 18:00 PM

Explainer: Who pays Trump’s tariffs, China or US customers and companies?

US President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States. But
22 May 2019, 18:00 PM

Japan’s trade surplus falls sharply as exports drop

Japan’s trade surplus dropped by around 90 percent in April, official data showed Wednesday, with exports affected by a slowdown in China’s economy as it wages a trade war with Washington.
22 May 2019, 18:00 PM

Fears rise China could weaponise rare earths in US tech war

The US has hit China where it hurts by going after its telecom champion Huawei, but Beijing’s control of the global supply of rare earths used in smartphones and electric cars gives it a powerful weapon in their escalating tech war.
22 May 2019, 18:00 PM

Purbachal project allowed to use ground water

The Purbachal project, a new township in the capital, will get water supply through deep tube wells until the completion of the Meghna water supply line, according to a government decision yesterday. The cabinet committee on economic affairs gave its nod at a meeting at the secretariat in Dhaka.
22 May 2019, 18:00 PM

Gender diversity good for businesses and economies: UN

Companies that improve gender diversity -- especially at the top -- perform better and rake in higher profits, while countries that increase women employment see better economic growth, the UN said Wednesday.
22 May 2019, 18:00 PM

Dollar near one-month highs before Fed minutes; pound dives

The dollar largely kept to familiar trading ranges on Wednesday, as it found support near a 3-1/2-week high on higher US yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies.
22 May 2019, 18:00 PM

Ford Motor cutting 10pc of global salaried workforce

Ford Motor Co said on Monday it will eliminate about 10% percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually.
20 May 2019, 18:00 PM

EU firms ‘caught in crossfire’ of US-China trade war

European firms are “caught in the crossfire” of the US-China trade war and fewer are optimistic about their future in the world’s second-largest economy, a business survey showed Monday.
20 May 2019, 18:00 PM

Oil rises after Opec+ says to keep output cuts

Oil hit multi-week highs on Monday after Opec indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support.
20 May 2019, 18:00 PM

China’s tech transfer problem is growing: EU business group

Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country’s regulatory environment is “bleak”.
20 May 2019, 18:00 PM

Winning during economic slowdown, Australia’s Morrison must halt rot

Surprisingly retained by Australians in a national election over the weekend, Prime Minister Scott Morrison’s centre-right government now needs to find a fast way out of a worrying slowdown in an economy that has been recession-free since 1991.
20 May 2019, 18:00 PM

Japan’s economy grows better-than-expected

Japanese GDP expanded a better-than-expected 0.5 percent in the first quarter of this year, official data showed Monday, although analysts cautioned that the world’s third-largest economy was still facing headwinds.
20 May 2019, 18:00 PM

Trump says tariffs making companies leave China

US President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a “50-50” deal.
20 May 2019, 18:00 PM

Google suspends some business with Huawei after Trump blacklist

Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing,
20 May 2019, 18:00 PM

Xiaomi’s revenue jumps 27pc, beats estimates

Chinese smartphone maker Xiaomi Corp reported better than-expected quarterly revenue on Monday due in part to steady growth in sales outside its home market.
20 May 2019, 18:00 PM

Gold dips to two-week low as dollar holds more allure

Gold fell to a more than two-week low on Monday as investors preferred the safety of the dollar, with the currency underpinned by robust economic reports out of the United States, even as geopolitical risks and trade tensions persist.
20 May 2019, 18:00 PM

German economy unlikely to keep growth pace in Q2

The German economy is likely to lose some steam in the second quarter after it posted a solid growth rate in the first three months of the year, the Bundesbank said on Monday.
20 May 2019, 18:00 PM

France posts new tourist record despite ‘yellow vest’ unrest

FRANCE welcomed nearly 90 million foreign tourists last year, a new record for the country despite the “yellow vest” anti-government protests that prompted many visitors to put off trips late last year, the government said Friday.
18 May 2019, 18:00 PM