Hyundai Motor may suspend its oldest factory in China

Hyundai Motor Co is considering suspending its oldest plant in China, it said on Wednesday, as the South Korean automaker reels from tumbling sales and massive overcapacity in its biggest market.
6 March 2019, 18:00 PM

Grab eyes more funding after record $4.5bn round

Grab is considering raising more funds from strategic investors, the president of Southeast Asia's top ride-hailing firm said, after raking in over $4.5 billion in the region's largest private financing round that included SoftBank's Vision Fund.
6 March 2019, 18:00 PM

Philip Morris paid for India manufacturing despite ban on foreign investment

Philip Morris International Inc has for years paid manufacturing costs to its Indian partner to make its Marlboro cigarettes,
6 March 2019, 18:00 PM

With Draghi's job eyed, ECB prepares for grand reshuffle

Euro zone leaders will have to pick a new president to lead the European Central Bank in the coming months, reshaping the 19-country currency bloc's most powerful institution.
6 March 2019, 18:00 PM

Japan govt leaves economy view unchanged as data weakens on China

Japan's government kept its assessment of the economy unchanged in February, but a series of weak data on corporate sentiment, capital expenditure and exports shows the US-China trade war is hurting the outlook for the world's third-largest economy.
21 February 2019, 18:00 PM

US, China sketch outlines of deal to end trade war

The United States and China have started to outline commitments in principle on the stickiest issues in their trade dispute, marking the most significant progress yet toward ending a seven-month trade war, according to sources familiar with the negotiations.
21 February 2019, 18:00 PM

Barclays rebounds into profit in 2018

Barclays rebounded sharply into profit in 2018, as a vast hit from the previous year on the sale of its African business was not repeated, the British bank announced Thursday. The lender's performance came despite vast litigation costs and a new charge on the impact of mounting economic uncertainty over Brexit.
21 February 2019, 18:00 PM

Sony to beef up chip business with new engineers

Sony Corp said on Thursday it will assign 40 percent of its new engineer hires in Japan over the next two years to the chip business which includes imaging sensors, as it looks for growth from new applications in everything from cars to phones.
21 February 2019, 18:00 PM

Euro zone industry slips into contraction

Euro zone manufacturing slipped into contraction in February, as an industrial slump in Germany continued to weigh down on the European economy, a closely watched survey showed Thursday.
21 February 2019, 18:00 PM

Oil hovers near 2019 highs amid Opec cuts

Oil prices hovered around 2019 highs on Thursday, bolstered by Opec-led supply cuts and US sanctions on Venezuela and Iran, but were capped by slowing growth in the global economy.
21 February 2019, 18:00 PM

Remain or leave? Carmakers confront hard Brexit choices

In three cavernous former Royal Air Force hangars at an old airbase in Wales, luxury carmaker Aston Martin is forging ahead with construction of a new vehicle assembly plant.
21 February 2019, 18:00 PM

Fed says US growth easing as global risks rise

The Federal Reserve believes US growth will "step down" this year from last year's rapid pace amid rising global risks, including from tense trade relations, according to minutes released Wednesday.
21 February 2019, 18:00 PM

Samsung's foldable phone opens new frontier

Samsung Electronics Co Ltd has wowed the smartphone industry with the first foldable screen, burnishing its innovation credentials, banishing “fast follower” criticism and, at nearly $2,000, setting a new standard in premium pricing.
21 February 2019, 18:00 PM

Google fails to disclose microphone in Nest Secure

Alphabet Inc's Google said on Wednesday it had made an “error” in not disclosing that its Nest Secure home security system had a built-in microphone in its devices.
21 February 2019, 18:00 PM

EU adds Saudi Arabia, Panama to dirty-money blacklist

The European Commission added Saudi Arabia, Panama and other jurisdictions to a blacklist of nations that pose a threat to the bloc because of lax controls against terrorism financing and money laundering, the EU executive said on Wednesday.
13 February 2019, 18:00 PM

Fed's Powell: Bank consolidation weighing on rural communities

Decades of bank industry consolidation have weighed on the economies of rural areas as branches and local community banks disappeared and access to financial services declined, Federal Reserve Chairman Jerome Powell said on Tuesday, citing meetings of Fed staff held last year in communities where banks had closed.
13 February 2019, 18:00 PM

Amazon, GM in talks to invest in electric pickup truck maker Rivian

Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the US electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter told Reuters on Tuesday.
13 February 2019, 18:00 PM

New Zealand holds rates, sees no movement until 2021

New Zealand's central bank said Wednesday its interest rate freeze was likely to continue for another two years amid persistent low inflation and a healthy growth outlook.
13 February 2019, 18:00 PM

Pakistan, India hope to reap investment from Saudi prince's visit

Saudi Arabia's Crown Prince Mohammed bin Salman is expected to announce investments in energy and infrastructure during a visit to India and Pakistan in coming days as part of his efforts to wean the Saudi economy off oil exports.
13 February 2019, 18:00 PM

Diversity in the 'man cave': Boardrooms gain women as minorities lag

In America's corporate boardrooms, diversity is making uneven progress: Women increasingly are pulling up a chair while racial and ethnic minorities still rarely get seats at the table.
13 February 2019, 18:00 PM