German businesses shrug off Brexit fears

Britain's vote to leave the EU has had a limited impact on business confidence in Germany, with belief in domestic strength still strong, a key survey showed on Monday. The closely-watched business confidence index from the Ifo institute in Munich fell to 108.3 points in July from June's figure of 108.7.
25 July 2016, 18:00 PM

UK explores multi-billion pound free trade deal with China

Chancellor Philip Hammond has begun discussions with China on an ambitious free trade deal which could see greater access for major Chinese banks and businesses to the UK economy.
25 July 2016, 18:00 PM

Asia's gasoline party crashed by China and India

If you had asked Asia's refiners at the start of the year where they thought their profits would be coming from, it's likely many would have said gasoline. But China and India appear to have crashed that party.
25 July 2016, 18:00 PM

Japan in first half-year trade surplus since Fukushima nuclear disaster

Japan on Monday posted its first half-year trade surplus since the 2011 Fukushima nuclear disaster, after the accident sent energy import bills soaring and led to a string of deficits.
25 July 2016, 18:00 PM

Philips hits Q2 profit, warns global markets 'volatile'

Electronics giant Philips posted a 57 percent jump in second quarter net profit Monday on the back of a major arbitration award, as it warned of volatile markets ahead for the rest of the year.
25 July 2016, 18:00 PM

Huawei revenue rises 40pc

Chinese telecoms equipment giant Huawei said on Monday that revenue surged 40 percent year-on-year in the first half of 2016, boosted by steady growth in smartphone sales.
25 July 2016, 18:00 PM

UK warns of Brexit 'shadow' on world economy

Britain's finance minister warned Brexit would cast a "shadow" over the world economy but said he was eyeing a free trade deal with China in interviews with the BBC and Sky News on Sunday.
25 July 2016, 18:00 PM

Thai junta chief eyes halal hub for restive south

Thailand's junta chief vowed Monday to reboot the flagging economy of the kingdom's poor and rebel-hit south, including by making the Muslim-majority region a hub for halal produce.
25 July 2016, 18:00 PM

EU working with consumer groups to pressure VW for compensation

Europe's Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate clients in Europe as it has in the United States over the diesel emissions scandal.
25 July 2016, 18:00 PM

Thai junta offers million baht raffle to bring tax returns online

"Want to win a million baht? Go for e-payment," says Thailand's junta, offering a lucky draw as an incentive to use a new online payment scheme for business, in an effort to bring some of the massive informal economy onto the books and boost tax revenues.
20 July 2016, 18:00 PM

Export curbs in line with WTO rules: China

China insisted its controls over some raw materials exports were legal, after the European Union followed the United States to take it to the World Trade Organisation over the restrictions.
20 July 2016, 18:00 PM

Netflix plan to conquer world stumbles, for now

The plan by Netflix to conquer the world with its streaming video service is moving slower than expected.
20 July 2016, 18:00 PM

Gold is not all that glisters - diamonds act as hedge for the rich

In a packed Christie's auction room in Geneva, one could hear a pin drop as two anonymous bidders slugged it out in their quest to own the world's most exquisite blue diamond.
20 July 2016, 18:00 PM

Gulshan massacre tears at fabric of Bangladesh's garment sector

Emdadul Islam's three-decade career in Bangladesh's garment trade has seen the industry hit by riots, labour unrest, power shortages and safety scandals, but he had never lost faith in its ability to weather the latest crisis and continue to grow.
20 July 2016, 18:00 PM

Cash crunch hits mass weddings in northern Nigeria

Low global oil prices have hurt Nigeria's economy, taking it to the brink of recession. But the resulting cash crunch has also had a more unexpected effect -- on mass weddings.
20 July 2016, 18:00 PM

Japanese gamers upset as hopes of Pokemon GO launch dashed

Gamers in Japan, home of Nintendo Co's Pokemon, waited in vain on Wednesday for the launch of its smash-hit mobile game amid reports that the developers behind it had hit the brakes, concerned that overwhelming demand would overload server capacity.
20 July 2016, 18:00 PM

Oil prices edge up from two-month lows

Oil prices rose on bargain-buying in Asia on Wednesday after hitting two-month lows but gains were hobbled by concerns about an oversupply and weak demand after the IMF lowered its global economic growth forecasts.
20 July 2016, 18:00 PM

Cloud business boosts Microsoft's quarterly revenue, shares rise

Sharp growth in its commercial cloud computing business helped lift Microsoft Corp's quarterly revenue above Wall Street's expectations, sending the technology company's shares up more than 4 percent in after-hours trading.
20 July 2016, 18:00 PM

US moves to seize $1b in assets of Malaysian 1MDB fund

In a stunning blow to Malaysia's political establishment, the US Justice Department said Wednesday it was moving to seize more than $1 billion in assets allegedly tied to corruption at a state-owned investment fund.
20 July 2016, 18:00 PM

Shaving start-up firm bought by Unilever

Unilever has bought US start-up Dollar Shave Club for a reported $1bn (£764m) in cash to compete in the male grooming market.
20 July 2016, 18:00 PM