Euro leads currency rally on rate hike talk

The euro led a broad advance in currencies against the greenback Thursday after a string of central bankers hinted at an end to loose monetary policies that have been in place since the financial crisis.
29 June 2017, 18:00 PM

Indian business braces for disruption amid massive reform

India is bracing for upheaval as it storms ahead with its most ambitious reform in decades -- transforming the world's fastest growing major economy into a single market for the first time.
29 June 2017, 18:00 PM

Egypt slashes fuel subsidies in IMF-backed reform

Egypt announced a new sharp increase in fuel prices on Thursday, as it slashes government subsidies in a tough IMF-backed reform programme.
29 June 2017, 18:00 PM

Samsung to invest $380m, add almost 1,000 jobs in US

Samsung plans to invest $380 million and hire nearly 1,000 workers for a new plant in South Carolina to manufacture home appliances, the company announced Wednesday.
29 June 2017, 18:00 PM

US car sales still strong, shifting to used vehicles: analysts

While new car sales have slipped from 2016, robust demand for used vehicles means US car dealerships will still see strong sales this year, industry analysts said Wednesday.
29 June 2017, 18:00 PM

Samsung inks deal for US$380m factory in South Carolina

Samsung Electronics officially announces that the company will build a home appliance factory with US$380 million worth of investment in South Carolina, marking the company’s first major investment in the US since it relocated production facilities for US exports to Mexico in the early 1990s.
29 June 2017, 04:45 AM

Indian IT sector lobby group sees export growth at 7-8pc for 2017-18

A leading lobby group for India's IT industry on Thursday forecast the sector's export revenues to grow at 7-8 percent for the year to March, around the growth levels seen last year, as the industry faces continued headwinds from the US market.
22 June 2017, 18:00 PM

US existing home sales rebound in May as prices rise

Sales of existing homes rebounded in May after April's surprise dip, and prices edged higher, according to industry figures released Wednesday.
22 June 2017, 18:00 PM

Taiwan's Foxconn says Toshiba deal 'not over'

The head of Taiwan's tech giant Foxconn said Thursday its pursuit of Toshiba "is not yet over", a day after the Japanese firm announced it preferred another group of bidders to acquire its prized chip business.
22 June 2017, 18:00 PM

Takata to file for bankruptcy Monday

Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.
22 June 2017, 18:00 PM

EU seeks crackdown on aggressive tax planners

European tax planners who help rich clients, including sports stars, evade the tax man will risk hefty fines, according to EU plans unveiled on Wednesday.
22 June 2017, 18:00 PM

Airbus and Boeing eye lucrative maintenance market

Airbus and Boeing wheeled out the usual round of order announcements at the Paris Air Show on Wednesday, but alongside the big ticket purchases, the aerospace rivals are also eyeing the lucrative maintenance and servicing market as they seek to boost growth.
22 June 2017, 18:00 PM

China Unicom counts Alibaba, Tencent among investors in drive to raise $10b

Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.
22 June 2017, 18:00 PM

New Zealand keeps interest rate at record low

New Zealand's central bank left its base rate at a record low of 1.75 percent Thursday, saying long-term inflation forecasts remained on target.
22 June 2017, 18:00 PM

Oil prices slip towards multi-month lows

Oil slid back toward multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite Opec-led efforts to balance the market.
22 June 2017, 18:00 PM

Toshiba enters exclusive chip sales talks with US-SKorea-Japan group

Toshiba said Wednesday it will hold exclusive talks with a consortium of US, South Korean and state-backed Japanese investors to sell its prized memory chip business, as the loss-hit conglomerate scrambles to raise cash.
21 June 2017, 18:00 PM

Ford to import Focus cars built in China

Ford will import its next-generation Focus sedans into the US market from China, after a highly-publicized move to cancel plans to build the car in Mexico, the company announced Tuesday.
21 June 2017, 18:00 PM

Luanda pips Hong Kong as costliest city: study

Angola's capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer's annual survey said Wednesday.
21 June 2017, 18:00 PM

Apple expands legal battle with Qualcomm

Apple has expanded its legal battle against Qualcomm, accusing the US chip maker of charging for invalid patents in the latest twist in the clash between the two tech giants.
21 June 2017, 18:00 PM

Emirates looks at Saudi Arabia to make up for demand drop

Emirates, the Middle East's largest airline, is looking to the region's biggest economy, Saudi Arabia, to help make up for a drop in demand that has forced it to keep five aircraft grounded.
21 June 2017, 18:00 PM