Uncertainty over Trump policy clouds global outlook: World Bank

The World Bank on Tuesday pared back its global growth estimate for 2017, but uncertainty about the economic policies of US President-elect Donald Trump is clouding the outlook.
11 January 2017, 18:00 PM

India inflation seen cooling in Dec as cash crunch hit demand

Inflation in India is expected to have cooled to a two-year low in December as the government's surprise currency crackdown rattled the economy and severely hurt consumption, a Reuters poll found.
11 January 2017, 18:00 PM

Ma's million jobs pledge more PR than promise: analysts

ALIBABA founder Jack Ma and Donald Trump made headlines with the Chinese entrepreneur's attention-grabbing pledge to create one million US jobs, but analysts say the move is more about good PR than substance.
11 January 2017, 18:00 PM

Transcom Beverages awards top performers

Transcom Beverages awarded the company's top performers of 2016 at its annual conference for 2017.
11 January 2017, 18:00 PM

Airbus jets past Boeing on orders, closes gap on deliveries

Airbus on Wednesday said it had outstripped its own delivery expectations in 2016, closing the gap with Boeing, and beat its US archrival on orders.
11 January 2017, 18:00 PM

Skincare deal gives facelift to L'Oreal in US

French cosmetics giant L'Oreal said Tuesday it had agreed to buy three leading skincare brands from Valeant for $1.3 billion to give its US offering a facelift.
10 January 2017, 18:00 PM

Snapchat becomes latest tech firm to pick London despite Brexit

Messaging app Snapchat said it would make London the home of its international operations, delivering another vote of confidence in Britain's tech standing as the country prepares to leave the European Union.
10 January 2017, 18:00 PM

China factory-gate inflation hits 5.5pc in December

China's producer prices rose at their swiftest pace in more than five years in December, the government said Tuesday, in a sign the world's biggest trader could begin exporting inflation to the global economy.
10 January 2017, 18:00 PM

For foreign car makers, US market tough to conquer

With rising profits and record sales, the US auto market is a tempting target for many foreign car makers, but new entrants face many challenges to finding lasting success.
10 January 2017, 18:00 PM

Alibaba to buy China mall operator in $2.6b plan

Chinese e-commerce titan Alibaba will take control of domestic department store Intime through a $2.6 billion privatisation scheme, the companies said Tuesday, sending shares of the mall operator surging.
10 January 2017, 18:00 PM

Indian auto sales see biggest drop in 16yrs

India's automobile sales saw their biggest monthly fall in 16 years in December after Prime Minister Narendra Modi's ban on high-value banknotes sparked a severe cash shortage that dented demand for big-ticket items such as cars.
10 January 2017, 18:00 PM

VW sales top new record

Volkswagen on Tuesday said it had sold 10.3 million cars worldwide last year, a new record for the German auto giant, despite grappling with a massive emissions cheating scandal.
10 January 2017, 18:00 PM

Volvo expects to export half of its future US production

Swedish automaker Volvo said Sunday that it expects to export half of the cars produced at a future plant in the United States.
9 January 2017, 18:00 PM

Oil slips $1 on concerns US production is rising

Oil fell by $1 a barrel on Monday as signs of growing US production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.
9 January 2017, 18:00 PM

Venezuela boosts minimum wage by 50pc

Embattled President Nicolas Maduro on Sunday raised the minimum wage by 50 percent in Venezuela, a country with astronomical inflation.
9 January 2017, 18:00 PM

UK law firm seeks compensation for Volkswagen drivers over diesel scandal

British law firm Harcus Sinclair UK said on Monday it had launched legal action in Britain against Volkswagen, seeking thousands of pounds of compensation each for British drivers affected by the carmaker's diesel emissions scandal.
9 January 2017, 18:00 PM

Turkish lira hits record low over Moody's funk

The Turkish lira, pounded by higher-than-expected inflation and security fears, hit record lows against the dollar on Monday after a gloomy Moody's statement.
9 January 2017, 18:00 PM

Iraq gives full February crude supply to three Asia, Europe buyers

Iraq, Opec's second-largest oil producer, has given full supply allocations of Basra crude to three refiners in Asia and Europe for February, three sources with direct knowledge of the matter said on Monday.
9 January 2017, 18:00 PM

India's Jaitley: tax figures show little disruption from cash crackdown

Indian Finance Minister Arun Jaitley on Monday flaunted robust tax receipts to dismiss reports of economic disruption following Prime Minister Narendra Modi's decision to abolish high-value currency bills.
9 January 2017, 18:00 PM

Tube strike hits millions of Londoners

Millions of Londoners endured a chaotic start to the week on Monday after a strike shut down most of the Underground network, including many city centre stations.
9 January 2017, 18:00 PM