6 proposals from Bangladesh for effective multilateral trading system

Bangladesh makes six recommendations for an effective multilateral trading system for sustainable development.
19 April 2019, 06:52 AM

Pakistan's finance minister steps down ahead of IMF deal

Pakistan's finance minister Asad Umar has stepped down from cabinet, he announced Thursday, ahead of securing a crucial bailout deal with the International Monetary Fund.
18 April 2019, 18:00 PM

Japan leaves economy assessment unchanged in April

Japan's government left its assessment of the economy unchanged in April, after a rare downgrade in March, saying the US-China trade war remained a threat to exports and economic growth.
18 April 2019, 18:00 PM

Big firms back crypto 'plumbing' despite currency caution

Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they're steering clear of the volatile currencies themselves.
18 April 2019, 18:00 PM

UK retail sales surge despite Brexit uncertainty

British retail sales rose far more than expected in March, official data showed Thursday, despite political uncertainty over Brexit and turmoil for department stores.
18 April 2019, 18:00 PM

China says US trade deal not yet settled

China said Thursday there is "still much work to finish" on the text of a trade agreement with the United States.
18 April 2019, 18:00 PM

Euro zone business growth lowest since 2014

Euro zone business growth was at its lowest level since 2014, a closely watched survey said on Thursday, dragged down by stagnation in France and a sluggish Germany.
18 April 2019, 18:00 PM

US antitrust scrutiny tests T-Mobile's $26b bet on Sprint

T-Mobile US Inc's $26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win US antitrust approval, but the bet now looks precarious.
18 April 2019, 18:00 PM

Amazon to shut China online store

Amazon.com Inc said it will shut its China online store by July 18, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation.
18 April 2019, 18:00 PM

EU ready to launch US trade talks, but without agriculture

The European Union is ready to start talks on a trade agreement with the United States and aims to conclude a deal before year-end, European Trade Commissioner Cecilia Malmstrom said on Monday.
16 April 2019, 18:26 PM

Jet Air faces imminent shutdown without emergency funds

India's Jet Airways Ltd will be forced to shut down as soon as Wednesday if it does not get emergency funding from its lenders, two sources familiar with the situation said.
16 April 2019, 18:26 PM

Did Modi fulfil his economic promises?

Indian Prime Minister Narendra Modi swept to power five years ago on a business-friendly manifesto that promised to shake up Asia's third-largest economy and boost employment.
7 April 2019, 18:00 PM

Stake sale in troubled Jet Airways may get delayed

Lenders to India's troubled Jet Airways Ltd may have to wait a little longer to sell a stake in the carrier, as they need more clarity from the Reserve Bank of India (RBI), the Business Standard newspaper reported on Sunday.
7 April 2019, 18:00 PM

Cuba newsprint shortage sounds alarm for economy

The newsprint shortages which forced Cuba's Communist daily to run a trimmed-down edition on Friday would pass off as a simple supply glitch in most other countries, but in Havana they carry chilling memories of the not-so-distant past.
7 April 2019, 18:00 PM

Egypt on track to end fuel subsidies: IMF

Egypt is on track to end subsidies on most fuels by June 15 as part of a reform programme led by the International Monetary Fund, the Washington-based body said Saturday.
7 April 2019, 18:00 PM

Chinese investors snap up Greek 'Golden Visas'

Chinese investors led the so-called Golden Visa boom in Greece, where residence permits issued to non-E.U countries citizens grew 46 percent last year. Other crisis-hit countries like Portugal and Spain have used the scheme for years to lure investors in a bid to stoke an economic recovery. Spending a minimum of 250,000 euros on a home in Greece secures a five-year renewable visa.
7 April 2019, 18:00 PM

Under Donald Trump, Fed faces politicisation

The US Federal Reserve has regularly faced criticism from Donald Trump, but in recent days the president took matters into his own hands -- raising concerns that the Fed is being politicised.
7 April 2019, 18:00 PM

Billionaire jeweller Nirav Modi denied bail in London

Fugitive billionaire jeweller Nirav Modi was denied bail in a London court on Friday, following his arrest last week on charges over his alleged involvement in a $2 billion fraud at India's state-run Punjab National Bank.
30 March 2019, 18:00 PM

India may delay retaliatory tariffs on US goods

India's trade ministry has proposed that the government delays by a month the imposition of retaliatory tariffs on some US goods that were due to go into effect from April 1, a trade ministry spokeswoman told Reuters on Friday.
30 March 2019, 18:00 PM

China banks post profits but warn of instability

Chinese banks have posted profits for 2018 but warned that domestic and global uncertainties could put downward pressure on the sector in the coming year.
30 March 2019, 18:00 PM