UK construction battered in June by Brexit fears: Markit

Britain's construction industry suffered its worst contraction in seven years in June as concern grew about a referendum on European Union membership, according to a survey that was mostly conducted before Britain voted on June 23 to quit the EU.
4 July 2016, 18:00 PM

Oil prices edge up as Brent pushes further above $50

Crude prices edged up on Monday, building on recent gains with Brent holding above $50 after Nigerian militants claimed fresh attacks on the country's oil infrastructure.
4 July 2016, 18:00 PM

Plastic buckets, broken printers shine light on Hanoi's poor

Vietnamese families living in slums along the Red River in Hanoi are using red plastic buckets and old printers to help light homes, cook meals and slash electricity costs by as much as a third.
4 July 2016, 18:00 PM

Istanbul nearly a ghost town as tourists stay away

The tourists are so scarce you can hear their footsteps clattering down the empty shopping street. Nearly a week after the deadly airport bombings, it is eerily quiet in Istanbul.
4 July 2016, 18:00 PM

UK to face inflation, recession risks due to Brexit: ECB

Britain will face two key challenges, inflation and recession, after Britons voted to leave the European Union, or Brexit, European Central Bank Governing Council member Francois Villeroy de Galhau said on Sunday.
3 July 2016, 18:00 PM

German inflation picks up

Inflation in Germany accelerated fractionally in June, buoyed by rising prices in the services sector and shallower declines in energy prices, a preliminary estimate showed on Wednesday.
29 June 2016, 18:00 PM

UK investment to drop 5pc next year: Fitch

Credit ratings agency Fitch forecast on Wednesday that investment in the British economy will fall 5 percent next year, two days after it downgraded Britain's credit rating after last week's vote to leave the European Union.
29 June 2016, 18:00 PM

Single market boosts UK car industry

Access to the single market has been a key factor behind the success of the UK car industry, its trade body has said, as it reported record turnover in 2015.
29 June 2016, 18:00 PM

First US chain hotel in a half- century opens in Cuba

Starwood Hotels on Tuesday took over management of a luxury hotel in central Havana, becoming the first big American hospitality chain with a presence on the island since the Cuban Revolution a half-century ago.
29 June 2016, 18:00 PM

Toyota recalls 3.37m cars over airbag, emissions control issues

Japan's Toyota Motor Corp has recalled 3.37 million cars worldwide over possible defects involving airbags and emissions control units.
29 June 2016, 18:00 PM

Intel considers sale of cyber security business

Chipmaker Intel Corp is considering the sale of its cyber security business, the Financial Times reported on Sunday.
27 June 2016, 18:00 PM

Sterling hits 31-year low

British 10-year government borrowing costs sank below 1 percent on Monday for the first time ever and sterling tumbled to a fresh 31-year low against the dollar as investors bet Britain's vote to leave the EU will trigger a Bank of England rate cut.
27 June 2016, 18:00 PM

US banks' stress tests may offer comfort in Brexit tumult

The stress tests created for banks by US regulators after the 2008 financial crisis may prove their worth this week, providing a timely message on banks' hardiness in the midst of turbulence over last week's vote by Britain to leave the European Union.
27 June 2016, 18:00 PM

Starbucks to debut small-lot Indian coffee in US this year

Starbucks Corp for the first time will sell single-origin, premium coffee from India in the United States as part of its effort to support coffee production in the country better known for its tea.
27 June 2016, 18:00 PM

China steel giants plan merger in face of global glut

Two of China's biggest steelmakers are planning to merge, they said, as the industry faces a global glut that has hammered producers worldwide.
27 June 2016, 18:00 PM

Investors rush for UK and German bonds after Brexit vote

UK bond yields hit an all-time low on Monday while rates on German debt pushed further into negative territory as investors sought safe haven following a vote to leave the EU.
27 June 2016, 18:00 PM

How one man took on Wall Street and won

AS David and Goliath stories go, Brad Katsuyama's is a pretty good one. The 38-year-old has taken on billions of dollars of vested interest on Wall Street, and won for the little guy.
27 June 2016, 18:00 PM

Brexit: Asian powers warnings over global economic stability

Some of Asia's biggest economies have expressed concerns over the world's economic stability as a result of Britain's vote to leave the EU.
27 June 2016, 18:00 PM

China cuts yuan fix

China weakened the yuan's fixing almost one percent to a five-and-half-year low against the dollar Monday, officials said, the biggest downward move since August as the greenback surge after Britain's vote to leave the European Union.
27 June 2016, 18:00 PM

Mobile money to power Africa financial growth: study

Mobile phones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, research has found.
22 June 2016, 18:00 PM