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

Yen posts biggest weekly gain since 2008

The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding stimulus to the economy, while stocks in Europe and on Wall Street headed lower as earnings disappointed.
30 April 2016, 18:00 PM

Germany settles wage dispute with workers

Germany's federal and local governments reached agreement on Friday with public sector workers on a pay rise, settling a dispute that grounded hundreds of flights during a warning strike two days earlier, sources said.
30 April 2016, 18:00 PM

South Asia clothing industry can employ millions more women: WB

South Asia's clothing and textiles industry can create millions of jobs for the region's working-age women, boosting economic growth and helping improve children's health and education, a World Bank report said.
30 April 2016, 18:00 PM

Cheap labour hurting Nepal's mountaineering business

After 17 years of helping climbers reach the roof of the world, Argentinian Damian Benegas won't be returning to Everest this year, frozen out of the business by cheaper and some say dangerous operators.
30 April 2016, 18:00 PM

Google faces first EU fine in 2016 with no deal on cards

Google is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said.
30 April 2016, 18:00 PM

Slovenia: a promising market for Bangladesh

Even a small country could be a very promising market for Bangladesh if it has deep diplomatic relations with that country.
30 April 2016, 18:00 PM

Oil profits plunge as industry eyes a bottom

Plunging crude prices battered oil giants' profits in the first quarter, another blow following credit downgrades, layoffs and drilling cutbacks in the wake of a long rout.
30 April 2016, 18:00 PM

Nissan recalls 3.8m cars

Nissan has said it will recall more than 3.8 million vehicles, mostly in North America, because the passenger-side airbag may not deploy in a crash due to a defect in the seat sensor.
30 April 2016, 18:00 PM

Spain economy grows despite political impasse

The political stalemate that has left Spain without a government since unconclusive December elections hasn't damaged the economy as official data released Friday showed the economy expanded at a healthy pace in the first quarter.
30 April 2016, 18:00 PM

Eurozone economy finally reaches pre-crisis levels

The eurozone's economy grew far beyond expectations in the first quarter of 2016, finally surpassing pre-crisis levels after eight years, as cheap oil and credit made itself felt.
30 April 2016, 18:00 PM

Japan eyes more foreign workers

Desperately seeking an antidote to a rapidly aging population, Japanese policymakers are exploring ways to bring in more foreign workers without calling it an "immigration policy".
27 April 2016, 18:00 PM

Sri Lanka expects to reach IMF staff level agreement for loan soon

Sri Lanka is expected to reach a staff level agreement with the International Monetary Fund (IMF) for a loan as early as this week, the central bank deputy governor said on Tuesday.
27 April 2016, 18:00 PM

Apple's nine-year iPhone juggernaut stops with first sales decline

APPLE Inc on Tuesday posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company credited with inventing the smartphone struggles with an increasingly saturated market.
27 April 2016, 18:00 PM

Brexit would cost Britons a month's salary by 2020: OECD

Leaving the European Union would cost the average working Briton the equivalent of a month's salary by 2020, the Organisation for Economic Co-operation and Development said on Wednesday, joining a list of economic bodies warning against an exit.
27 April 2016, 18:00 PM

Etihad Airways 2015 profit hits $103 million

Etihad Airways said on Wednesday its net profit for 2015 surged 41 percent to $103 million on the back of rising passenger numbers and cargo volumes.
27 April 2016, 18:00 PM

Global steel industry cannot be fixed by dumping duties: China

Trade protection measures cannot solve the fundamental problem facing the global steel industry, China's Ministry of Commerce said on Monday in response to Australia imposing import duties on Chinese rebar.
25 April 2016, 18:00 PM

Ethiopia banks on mobile money for financial growth

Outside a small store on a dirt track in the remote Ethiopian town of Doni, long queues wait for government cash handouts by the most modern of methods: mobile phone.
20 April 2016, 18:00 PM

International call to curb steel overproduction

A group of international steel producing countries has called for urgent action to curb overproduction. The call comes days after international talks to find measures to tackle the industry crisis failed.
20 April 2016, 18:00 PM

Iran struggles to find enough ships for oil exports

Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes.
20 April 2016, 18:00 PM