Oil prices rise on Nigerian outages, Goldman forecast

Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.
16 May 2016, 18:00 PM

Russian economy shrank 1.2pc in first quarter

Russia's economy contracted by 1.2 percent in the first quarter of this year compared with the same quarter last year, in a tentative sign of stabilisation, the state statistics service said on Monday.
16 May 2016, 18:00 PM

Smuggling to avoid taxes to boost Indian gold imports to record: ANZ

India's gold imports could hit a record high this year amid widespread smuggling to sidestep government levies on overseas shipments, Australia and New Zealand Bank, Asia's biggest shipper of physical gold, said on Wednesday.
11 May 2016, 18:00 PM

Stuck with dangerous dollar dominance

The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside.
11 May 2016, 18:00 PM

India to tax Mauritius investments for first time since 1983

India will start imposing capital gains tax on investments coming from Mauritius starting next year, after the two countries agreed to amend a three-decade old treaty that brought in billions of dollars in investment but was suspected of abetting tax evasion.
11 May 2016, 18:00 PM

Colombia's Santos says tax reform must and will pass this year

Colombian President Juan Manuel Santos said a tax reform bill, considered vital to help the country cope with plunging oil revenues, will be approved by Colombia's congress before the end of 2016 and would not be delayed by the country's peace process.
11 May 2016, 18:00 PM

Top court orders disaster fund for drought-hit India

India's top court criticised the government Wednesday for failing to set up a disaster fund to help drought-hit farmers and villagers suffering crop losses and severe water shortages.
11 May 2016, 18:00 PM

Mitsubishi says cars sold overseas not affected by fuel-cheat scandal

Mitsubishi Motors said Wednesday that its years-long cheating on fuel-economy tests did not affect cars sold overseas, potentially limiting the scope of a scandal that has plunged the automaker into crisis.
11 May 2016, 18:00 PM

Qatar Airways postpones world's longest non-stop flight due to 'A350 delay'

Qatar Airways has delayed the launch of the world's longest scheduled direct flight -- from Doha to Auckland, New Zealand -- by two
11 May 2016, 18:00 PM

EU blocks mega sale of Britain's O2 to Hutchison

The European Commission on Wednesday shot down Telefonica's blockbuster sale of British telecom giant O2 to Hong Kong group Hutchison on fears it would inflict higher prices on British consumers.
11 May 2016, 18:00 PM

Support among businesses rises for UK staying in EU: poll

The number of company bosses in Britain who want the country to stay in the European Union has risen slightly but just over half think Britain would eventually prosper on its own, according to a survey published on Monday.
9 May 2016, 18:00 PM

Crude prices up on Canada fires, Saudi oil minister replacement

Crude prices extended gains in Asia Monday as raging wildfires hit production in Canada, while traders digested news that Saudi Arabia had replaced its oil minister.
9 May 2016, 18:00 PM

HTC sales plunge pushes firm to a loss

A sharp plunge in sales has pushed the Taiwanese phonemaker HTC into a loss for the three months to March, as it struggles to compete with the likes of Apple and Samsung.
9 May 2016, 18:00 PM

Simpler merger code to further boost China's overseas M&A push

China is planning to remove the need for State Council approval for large, sensitive outbound deals and will allow Chinese companies to vie for the same target, a move likely to further boost record overseas acquisitions by Chinese companies.
9 May 2016, 18:00 PM

Pakistan must speed up reform, employ more women for growth: World Bank

Pakistan must speed up reform of the energy sector and bring more women into the labour force if it wants to quicken economic growth that lags far behind regional peers, the World Bank's country representative said on Monday.
9 May 2016, 18:00 PM

Greek parliament approves controversial pension, tax reforms

Greek lawmakers late Sunday adopted a controversial package of pension cuts and tax hikes despite mass public opposition, bowing to creditor demands in a bid to unlock the next tranche of badly-needed bailout funds.
9 May 2016, 18:00 PM

Hindustan Unilever expects better volume growth in Q1

Hindustan Unilever Ltd (HUL), India's largest consumer goods firm, expects a sequential improvement in first-quarter volume growth, its chief financial officer said on Monday, after the firm's fourth-quarter results beat expectations.
9 May 2016, 18:00 PM

Economists want new global rules on tax havens

New global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists.
9 May 2016, 18:00 PM

Pharma body says Brexit could leave UK patients facing drug delays

Britain's pharmaceuticals trade body has come out firmly against the country leaving the European Union, warning on Monday that an exit could put British patients at the back of the queue for new medicines.
9 May 2016, 18:00 PM

US economic slowdown hits hiring in April

US employers cut back hiring in April in the wake of the economy's sharp downturn, raising worries of a protracted slowdown in the world's largest economy.
7 May 2016, 18:00 PM