Hurricane Matthew damages in Haiti tally nearly $2b

Hurricane Matthew's devastating passage over southern Haiti on October 4 caused nearly $2 billion in damages, Haitian authorities announced Friday.
29 October 2016, 18:00 PM

S&P confirms British rating, warns on Brexit

Standard & Poor's maintained Friday its rating for Britain, having removed its coveted 'AAA' status after the June 23 EU exit referendum, and warned again over the impact of Brexit.
29 October 2016, 18:00 PM

Spain's growth slowed but remained firm in third quarter

Spain's growth slowed but remained firm in the third quarter, official data showed Friday, just as the country emerges from 10 months of political crisis with the conservatives set to head up a minority government.
29 October 2016, 18:00 PM

Belgium drama over, EU and Canada to sign trade deal

EU nations approved a landmark free-trade deal with Canada late Friday, clearing the way for its signing after a drama that saw Belgian regions threaten to torpedo years of negotiations.
29 October 2016, 18:00 PM

Profits fall at China's biggest bank

Profits fell at China's biggest bank ICBC in the third quarter, it said Friday, as it saw rising bad loans in the world's second-largest economy.
29 October 2016, 18:00 PM

Low oil prices cut ExxonMobil, Chevron earnings

Low crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron in reports Friday, but earnings rose compared with the prior two quarters.
29 October 2016, 18:00 PM

Sri Lanka panel demands prosecution of ex-bank chief

A Sri Lankan parliamentary panel Friday called for the criminal prosecution of former central bank chief Arjuna Mahendran who was removed three months ago over long-running allegations of insider trading.
29 October 2016, 18:00 PM

Boeing reports higher earnings

Boeing reported higher third-quarter earnings and lifted its full-year forecast Wednesday following a solid performance in its commercial airplane deliveries.
26 October 2016, 18:00 PM

Oil falls as investors doubt Opec can seal output deal

Oil fell for a third day on Wednesday, nearing $50 a barrel for the first time in three weeks, as investors grew increasingly doubtful that Opec members will agree to cut output and as U.S. inventories staged a surprisingly large increase.
26 October 2016, 18:00 PM

Danish payments firm fears 100,000 credit cards hacked

Danish payment processor company Nets has advised local banks to block up to 100,000 credit cards on suspicion their security might
26 October 2016, 18:00 PM

Canon slashes profit view on sales tumble, strong yen

Canon on Wednesday slashed its annual profit forecast, as it warned that a slowdown in emerging economies and a strong yen were taking a bite out of the bottom line.
26 October 2016, 18:00 PM

Apple's holiday surprise: big sales, not so big profits

Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down.
26 October 2016, 18:00 PM

Rich countries may take lead in recession-proof debt project

Some of the world's most advanced economies may club together to sell growth-linked bonds, creating a market that could help avert future debt crises, sources familiar with discussions among Group of 20 policymakers told Reuters.
26 October 2016, 18:00 PM

British jobless rate holds at 4.9pc despite Brexit

BRITAIN'S jobless rate held at 4.9 percent in the three months to the end of August, official data showed Wednesday, signalling little impact thus far from the shock Brexit vote.
19 October 2016, 18:00 PM

Chaos-ridden Libya's economy on the brink, say experts

Political stalemate and the conflict rocking Libya are preventing the North African country from taking advantage of its vast oil resources and pushing the economy towards collapse, experts say.
19 October 2016, 18:00 PM

Property and credit booms stabilise China growth

Chinese growth stabilised in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world's second-largest economy.
19 October 2016, 18:00 PM

Spending cuts a must in Gulf despite oil recovery: IMF

A modest recovery in oil prices falls short of filling budgetary gaps in crude-exporting Gulf countries, the International Monetary Fund said, stressing the need to cut spending.
19 October 2016, 18:00 PM

Yahoo rakes in profits

Yahoo's quarterly profits shot up by more than double to $163 million even as it prepares for a takeover by Verizon.
19 October 2016, 18:00 PM

Kenya rate cap pushes drive to mobile banking to cut costs, grow

Kenyan banks are focusing on mobile banking to lower costs and build new revenue streams after the government capped commercial lending rates, but they face several years of work to recover from the hit to profitability, bankers and analysts said.
19 October 2016, 18:00 PM

Italy cracks down on exploitation of Asian, African farm workers

Italy has moved to crack down on the widespread exploitation of farm workers with tough new penalties for abuses to which immigrants from Africa and South Asia are particularly vulnerable.
19 October 2016, 18:00 PM