Toshiba hires new chief

Scandal-hit Toshiba on Friday appointed a new president to steer the vast conglomerate past a huge accounting scandal that has hammered its reputation.
7 May 2016, 18:00 PM

Puerto Rico, a US tax haven in tatters

Strangled by debt and a decade of recession, US territory Puerto Rico is pleading for help from Congress.
7 May 2016, 18:00 PM

India shows China the way to deal with bad debt

India could teach China a thing or two about dealing with bad debt. Banks in the world’s two most populous countries have lent
7 May 2016, 18:00 PM

Bidders emerge for Tata Steel's UK assets

Two groups signalled their interest in buying the British assets of Tata Steel on Tuesday, offering hope that thousands of jobs could be saved after weeks of uncertainty.
4 May 2016, 18:00 PM

Hiring by US companies falls in April

US companies pulled back on hiring in April, payrolls group ADP said Wednesday, in a fresh sign of continued sluggishness in the economy.
4 May 2016, 18:00 PM

Petrobras sells Argentina, Chile assets for $1.38b

Brazil state oil giant Petrobras announced Tuesday it has concluded the sale of $1.38 billion in assets in Argentina and Chile.
4 May 2016, 18:00 PM

Siemens posts convincing earnings

German engineering giant Siemens pledged Wednesday to expand its renewables business, after posting a set of results that it deemed "convincing".
4 May 2016, 18:00 PM

Quake-hit Nepal cuts growth outlook to lowest in 14yrs

Earthquake-stricken Nepal cut its economic growth forecast on Tuesday for the fiscal year that ends in mid-July to the lowest in 14 years, saying persistent fuel shortages after a blockade of its border with India have hampered economic activity.
4 May 2016, 18:00 PM

India rejects Apple's plan to import used iPhones

India has rejected a plan by Apple Inc to import used iPhones, government officials said on Wednesday, a blow to the US tech giant that has been seeking to revive waning sales of its flagship smartphones.
4 May 2016, 18:00 PM

Oil prices rebound in Asia

Oil prices rebounded in Asia Tuesday but nagging worries about excess supplies kept them below 2016 highs after data showed Iran and Iraq increasing output.
3 May 2016, 18:00 PM

Australia cracks down on global firms avoiding tax

Australia on Tuesday unveiled a further push to crack down on tax avoidance by multinational companies, imposing a 40 percent penalty rate on firms that shift profits offshore.
3 May 2016, 18:00 PM

China, Japan growth to slow sharply in 2016, IMF warns

China and Japan's economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said Tuesday.
3 May 2016, 18:00 PM

Iran and South Korea set to triple trade to $18b

Iran and South Korea have decided to triple their annual trade volume to $18 billion, President Hassan Rouhani announced on Monday after meeting his South Korean counterpart Park Geun-Hye.
2 May 2016, 18:00 PM

Crisis-hit Venezuela sets clocks ahead to save power

With their country gripped by an economic crisis, Venezuelans lost half an hour of sleep Sunday as their clocks were set forward to save power on President Nicolas Maduro's orders.
2 May 2016, 18:00 PM

Halliburton, Baker Hughes call off merger

US oil services companies Halliburton and Baker Hughes announced Sunday they were calling off their massive multibillion-dollar proposed merger that had met strong resistance from regulators.
2 May 2016, 18:00 PM

Saudi Binladin Group lays off 77,000 workers

One of Saudi Arabia's most powerful firms, the Saudi Binladin Group, has laid off 77,000 foreign workers, a Saudi daily reported on Monday, citing an anonymous company official.
2 May 2016, 18:00 PM

Japan to support Mekong countries with $7b over three years

Japan wants to work with countries in the lower Mekong river basin and will help them improve infrastructure and bolster development with 750 billion yen ($7 billion) in aid over three years, its foreign minister said on Monday.
2 May 2016, 18:00 PM

Greenpeace leaks US-EU trade papers, fears for consumers

Greenpeace charged Monday that a massive US-EU trade deal would place corporate interests above the environment and consumer safety, as it released classified documents from the negotiations.
2 May 2016, 18:00 PM

Oil down 2pc as Opec output hike sparks profit-taking

Oil prices fell about 2 percent on Monday as production from the Organization of the Petroleum Exporting Countries was close to all time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized rally.
2 May 2016, 18:00 PM

Vodafone picks BofA, Kotak, UBS, other banks for India IPO

British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit's IPO, people familiar with the matter said, kicking off its long-awaited listing plan.
30 April 2016, 18:00 PM