British jobless rate hits 10-yr low

Britain's unemployment rate stands at its lowest level in more than a decade, but the jobless total has risen for the first time in almost a year, data showed Wednesday.
20 April 2016, 18:00 PM

Oil falls on end to Kuwaiti strike, supply outlook

Oil prices fell on Wednesday as investor focus returned to worries about oversupply after Kuwaiti workers ended a three-day strike that had halved the nation's crude output.
20 April 2016, 18:00 PM

Discounts for Visa cardholders at eateries, fashion houses

Global payments technology company Visa announced the launch of its “Swipe & Save” campaign for its customers in Bangladesh.
20 April 2016, 18:00 PM

Germany confirms growth forecast

The German government on Wednesday stuck to its economic growth forecast of 1.7 percent for this year, despite a slowdown in emerging markets, as strong domestic demand replaces exports as the main pillar of Europe's largest economy.
20 April 2016, 18:00 PM

EU charges Google with abusing Android market dominance

The European Union charged Google on Wednesday with abusing the dominant position of its Android mobile operating system, opening a second front against the US technology giant that could lead to large fines.
20 April 2016, 18:00 PM

Small, medium-sized British firms face £35.6b Brexit hit

Uncertainty surrounding Britain's vote on whether to stay in or leave the European Union has left small and medium-sized British companies facing a 35.6 billion pound currency risk, a report said on Wednesday.
20 April 2016, 18:00 PM

Rajan's mantra: be pragmatic, not euphoric over growth

India should find ways to support higher economic growth on a sustainable basis and not fritter away gains as it did in the past, the country's central bank Governor Raghuram Rajan said on Wednesday.
20 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

Kuwait oil strike enters second day

A walkout by thousands of Kuwaiti oil workers entered its second day on Monday, slashing production by over 60 percent as the government looks abroad to recruit foreign employees.
18 April 2016, 18:00 PM

How a boardroom feud left Brazilian steel giant on the brink

On a warm September morning in 2014, the 10-man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo.
18 April 2016, 18:00 PM

In need of cash, India chases $117b in elusive back taxes

The Indian finance ministry is asking for regular progress reports from tax collectors and has set a date for an amnesty to pay off arrears on undeclared domestic assets, as the government intensifies efforts to meet its ambitious deficit target.
18 April 2016, 18:00 PM

Ageing Israel accords harm Palestinian economy: WB

The Palestinian economy is losing hundreds of millions of dollars every year over outdated or insufficiently enforced fiscal agreements with Israel, a World Bank report said on Monday.
18 April 2016, 18:00 PM

Morgan Stanley profit slumps 54.4pc

Morgan Stanley's quarterly profit more than halved as the Wall Street bank's trading and investment banking businesses took a hit from market volatility early in the year.
18 April 2016, 18:00 PM

Greece mulls extra cuts to clinch EU-IMF debt talks

Greece is examining a proposal by its creditors for additional cuts in return for debt relief, a government source said Monday as reform talks with senior EU-IMF officials were due to resume.
18 April 2016, 18:00 PM

Cyprus tourism on course for record year

Bailed-out Cyprus recorded a 40-percent hike in tourist arrivals in March, setting the stage for a record year for the holiday island and indicating an economic revival, official data showed Monday.
18 April 2016, 18:00 PM

Opec freeze failure could hasten oil's recovery

Saudi Arabia's increasingly bitter dispute with Iran is now being played out in the oil market. The kingdom has stubbornly blocked a
18 April 2016, 18:00 PM

Steel producers to urge China to cut output

Key players in the world's struggling steel industry gathered in Brussels on Monday to try to push China to scale back overproduction blamed for causing plant closures and job losses.
18 April 2016, 18:00 PM

Pakistan's largest bank opens branch in China

Pakistan's Habib Bank Limited on Monday announced it had received a licence to open a branch in China, a move that would make it the first South Asian lender to operate in the world's number two economy.
18 April 2016, 18:00 PM

Singapore exports fall to three-year low

Singapore exports tumbled at their fastest pace in three years in March on falling shipments to Europe and China, official data showed Monday, supporting forecasts for slower economic growth and further monetary easing this year.
18 April 2016, 18:00 PM