Garment makers getting new buyers

Bangladeshi textile and garment manufacturers received positive response from international retailers at the Texworld exhibition currently taking place in the French capital, in what can be viewed as further encouragement for the country's apparel exporters.
13 February 2019, 18:00 PM

Renault to scrap Ghosn's 30m euro golden parachute

The board of Renault was poised to cancel as much as 30 million euros ($34 million) in deferred pay and severance to its ousted boss Carlos Ghosn, as directors met on Wednesday to approve its full-year accounts, sources told Reuters.
13 February 2019, 18:00 PM

India's January inflation pace slows

India's consumer prices rose at a milder pace than anticipated in January and remained below the Reserve Bank of India's target for a sixth straight month, strengthening views it could again cut the key interest rate at its next policy review in April.
13 February 2019, 18:00 PM

Japan to set up tighter anti-trust rules for Big Tech

Japan's government plans to set up a new watchdog to scrutinize big tech companies like Facebook and Google amid growing concerns about monopoly practices and the handling of personal data.
13 February 2019, 18:00 PM

Global oil supply to swamp demand in 2019 despite output cuts: IEA

The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group's production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
13 February 2019, 18:00 PM

UK economy to make modest post-Brexit recovery if deal agreed: economists

Britain's economy will barely grow in the run-up to Brexit amid concern the UK will leave the European Union without an agreement, but if there is a deal there will be a modest post-divorce upturn, according to economists polled by Reuters.
13 February 2019, 18:00 PM

Mnuchin hopes for 'productive' trade meetings in China

US Treasury Secretary Steven Mnuchin said on Wednesday he hopes for “productive” trade meetings in China this week, as the two countries seek to hammer out an agreement amid a festering dispute that has seen both level tariffs at each other.
13 February 2019, 18:00 PM

Apple again the most valuable US company

Apple won back its crown as the most valuable publicly listed US company on Wednesday, ending the session with a market capitalization above recent leaders Microsoft and Amazon.com.
7 February 2019, 18:00 PM

US trade deficit narrows in November as imports decline

The US trade deficit fell for the first time in six months in November as cheaper oil and higher domestic petroleum production helped to curb the country's import bill, leading economists to boost their economic growth estimates for the fourth quarter.
7 February 2019, 18:00 PM

Long, strange trip: How US ethanol reaches China tariff-free

In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia.
7 February 2019, 18:00 PM

Amazon changes business structures in India to bring big seller back

One of the biggest sellers on Amazon.com Inc's India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters.
7 February 2019, 18:00 PM

German industrial output falls

German industrial output unexpectedly fell in December for the fourth consecutive month, data showed on Thursday, sending another signal that growth in Europe's biggest economy is weakening.
7 February 2019, 18:00 PM

India's central bank cuts key rate

In a surprise move, the Reserve Bank of India yesterday cut the benchmark interest rate by 25 basis points to 6.25 percent on expectation of inflation staying within its target range.
7 February 2019, 18:00 PM

Volvo Cars feels margin pressure from US-China tariff war

Chinese-owned Volvo Cars reported a fall in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its main market China.
7 February 2019, 18:00 PM

ADB gives $50m for development of microenterprise

The government and the Asian Development Bank (ADB) yesterday signed an agreement for a $50 million loan to promote microenterprise development for inclusive economic growth and poverty reduction.
6 February 2019, 18:00 PM

India now world's second largest LPG consumer

India has become the world's second largest liquefied petroleum gas (LPG) consumer following the government's aggressive push to provide clean cooking fuel to every household, Indian Oil Secretary MM Kutty said on Tuesday.
6 February 2019, 18:00 PM

Facing crackdown in Canada, drugmakers offered billions in price cuts

Canadian pharmaceutical industry lobby groups, in an effort to head off a planned crackdown on prescription drug prices, offered to give up C$8.6 billion ($6.6 billion) in revenue over 10 years, freeze prices or reduce the cost of treating rare diseases, according to interviews and documents seen by Reuters.
6 February 2019, 18:00 PM

Rupee the 'whipping boy', but to dodge record low

The Indian rupee is set to underperform against the dollar again this year, weighed down by uncertainty ahead of a national election in May, but is unlikely to retest life-time lows, a Reuters poll showed.
6 February 2019, 18:00 PM

Gold steady as Trump speech stokes fears of govt shutdown

Gold prices held firm on Wednesday after US President Donald Trump, in his State of the Union speech, vowed to build a border wall and gave little clarity over the ongoing trade discussions with China, but a firmer dollar capped bullion's gains.
6 February 2019, 18:00 PM

German industrial orders slip in December

Industrial orders in Germany fell back in December, official data showed Wednesday, in the latest sign of slowdown in Europe's largest economy.
6 February 2019, 18:00 PM