Apple free to take bite out of India after rule change

The gleaming glass atriums and blue-clad "geniuses" that herald the arrival of an Apple store could soon be landing in India, after the government cleared the way for it to open in the rapidly growing smartphone market.
22 June 2016, 18:00 PM

Big business raises Brexit alarm on eve of vote

More than 1,200 business titans united Wednesday to warn against Britain breaking with the EU, as rivals scrambled for the last votes on the eve of a tightly fought referendum that will shape Europe's future.
22 June 2016, 18:00 PM

Profit of H&M falls 17pc in Q2

Profit at Swedish fashion retailer Hennes & Mauritz fell 17 percent in the second quarter as cold weather hit sales of its spring clothes and a strong dollar increased its costs.
22 June 2016, 18:00 PM

India plans to import 500,000 tonnes of corn to overcome shortage

India is considering importing an extra 500,000 tonnes of duty-free corn to overcome a shortage after a second straight drought cut output, a government source said on Wednesday.
22 June 2016, 18:00 PM

Daimler to rev up e-mobility drive

German luxury automaker Daimler, owner of the Mercedes-Benz and Smart brands, plans to speed up its push into electro-mobility in the race against US pioneer Tesla and German rival BMW, a report said Wednesday.
22 June 2016, 18:00 PM

Most auditors in Asia find child labour in supply chains: survey

The majority of supply chain auditors across Asia have encountered child labour in the last two years, and in only a third of cases could they confirm the children were removed from the factories, a survey has found.
22 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

Post-Brexit moves to Paris, Frankfurt would mean hefty pay cuts for UK bankers

LONDON-BASED bankers considering a possible relocation if Britain votes out of the European Union would suffer pay cuts of up to 80 percent if they were to move to Frankfurt or Paris, data from salary-benchmarking site Emolument showed.
22 June 2016, 18:00 PM

Japan returns to trade deficit in May

Japan fell into a trade deficit in May, the first since January, the finance ministry said Monday, as renewed yen strength pressured exports.
20 June 2016, 18:00 PM

Nigeria's naira plunges in free float

The naira plunged against the US dollar on Monday after Nigeria's government scrapped its fixed exchange rate and allowed market forces to determine the currency's value.
20 June 2016, 18:00 PM

New Philippine government seeks big overhaul to shore up growth

Philippine President-elect Rodrigo Duterte's new economic team on Monday promised sweeping changes to boost infrastructure, fix traffic woes, improve investment frameworks and maintain the country's robust economic growth.
20 June 2016, 18:00 PM

Nobel economists warn UK of lasting damage from Brexit

Ten winners of the Nobel Prize in economics on Monday warned that leaving the European Union would "create major uncertainty" over Britain as a trading nation and inflicting lasting economic damage.
20 June 2016, 18:00 PM

Gold slips more than 1pc as Brexit campaign loses momentum

Gold fell on Monday after polls showed the campaign for Britain to remain in the European Union regaining some momentum, sharpening appetite for assets seen as higher risk and sparking a sharp rally in stocks.
20 June 2016, 18:00 PM

Could a Brexit weaken Europe's ability to tackle global poverty?

With three days to go until Britain holds a referendum on its European Union membership, voters have the chance to reflect on key arguments made by both sides about immigration, the cost of belonging to the EU, and security.
20 June 2016, 18:00 PM

China's Xi weaves Poland into 'new silk road' plan

CHINESE President Xi Jinping drummed up investment and trade with Poland on Monday as the European Union's largest eastern economy eyes financing by the Asian giant.
20 June 2016, 18:00 PM

Greek taxes strangle funds industry in name of austerity

GREECE'S latest austerity measures are choking off one of its few sources of local private investment, the funds management industry, thanks to massive tax hikes buried in 7,500 pages of financial reforms approved by the parliament last month.
20 June 2016, 18:00 PM

India announces sweeping foreign investment reforms

India Monday announced a sweeping relaxation of foreign direct investment (FDI) rules in civil aviation, defence and a string of other sectors as part of efforts to open up the economy.
20 June 2016, 18:00 PM

VW faces shareholder wrath at annual meeting

Embattled German auto giant Volkswagen will face the wrath of its shareholders at its annual meeting on Wednesday as it struggles to steer itself out of an unprecedented engine-rigging scandal.
20 June 2016, 18:00 PM

Pound sees biggest daily gain since 2008

The pound has jumped the most against the dollar in more than 7 years, as traders reassessed the likelihood of the UK leaving the European Union.
20 June 2016, 18:00 PM

US investment agency begins financing of first Myanmar project

The US government's development finance institution has launched operations in Myanmar with a $250 million loan to a telecoms company, it said on Wednesday.
15 June 2016, 18:00 PM