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

Kuwait oil workers' strike slashes output

Thousands of Kuwait's oil workers began an open-ended strike on Sunday to protest plans to cut their wages, action which saw the emirate's crude production plunge.
17 April 2016, 18:00 PM

Oil freeze deal faces trouble as Saudi-Iran tensions spike

A spike in tensions between arch-rivals Saudi Arabia and Iran appeared on Sunday to ruin prospects of the first binding oil output deal in 15 years between Opec and non-Opec nations, and looked set to prompt another fall in the price of crude.
17 April 2016, 18:00 PM

Countries look to draw expatriate cash with "diaspora bonds"

A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing "diaspora bonds", a funding strategy successfully pioneered by India and Israel but sometimes tricky to imitate.
17 April 2016, 18:00 PM

China exports rise for first time in nine months

Chinese exports surged in March, the first gain in nine months and the latest positive data out of the world's number two economy, but analysts warned Wednesday's headline figure masked ongoing weakness in overseas demand.
13 April 2016, 18:00 PM

Tata, Thyssen in talks on Europe steel joint venture

India's Tata Steel and Germany's Thyssenkrupp are in talks about a joint venture among the options being considered for their European steel operations, Germany's Rheinische Post said on Wednesday.
13 April 2016, 18:00 PM

JPMorgan profit hurt by drop in investment banking revenue

JPMorgan Chase & Co, the biggest US bank by assets, reported a 6.7 percent drop in quarterly profit as costs to cover possible sour loans to troubled shale oil companies rose and revenue from trading and investment banking declined.
13 April 2016, 18:00 PM

India's wheat imports to hit decade high

India's 2016/17 wheat imports are expected to surge more than five-fold to the highest in a decade, as a severe drought linked to an El Nino weather event and unseasonal rains push domestic output down to the lowest since 2011, a Reuters survey shows.
13 April 2016, 18:00 PM

IMF says debt levels highest since World War II

Public debt has soared in advanced economies to the highest levels since World War II as governments struggle against slow growth and deflation, the International Monetary Fund warned Wednesday.
13 April 2016, 18:00 PM

Turkish central banker is social scientist with roots in Islamic finance

After winning the backing of President Tayyip Erdogan, Turkey's new central bank governor must now convince investors that an Islamic banker without formal training in economics can tame inflation while resisting political pressure to cut rates.
13 April 2016, 18:00 PM

Labour dispute hits bomb-struck Brussels airport

A labour dispute caused the cancellation of flights to and from Brussels international airport for a second day on Wednesday just after it reopened in the wake of deadly jihadist bombings.
13 April 2016, 18:00 PM

World's largest private coal mine files for bankruptcy protection

Peabody Energy, the world's largest privately-owned coal miner, has filed for bankruptcy protection in the US after a sharp fall in coal prices left it unable to repay its debts.
13 April 2016, 18:00 PM

China's steel glut: years in the making, years to resolve

China is facing increasing international pressure to tackle a steel supply glut that has flooded global markets and left beleaguered overseas producers at risk of closure.
13 April 2016, 18:00 PM

Brexit vote would damage UK economy: poll

A British vote to leave the European Union on June 23 would hurt the economy, an overwhelming majority of economists said in a Reuters poll, and could push the Bank of England to cut interest rates for the first time since the financial crisis.
13 April 2016, 18:00 PM

China internet regulator says web censorship not a trade barrier

China's online censorship system protects national security and does not discriminate against foreign companies, the country's internet regulator said, after the United States labelled the blocking of websites by Beijing a trade barrier.
11 April 2016, 18:00 PM

OECD indicator flags easing growth in key economies

Growth is seen easing off in major advanced economies, the OECD said on Monday, with the outlook continuing to deteriorate in the United States and Britain while the German economy is losing steam.
11 April 2016, 18:00 PM

Tech start-ups snap at the heels of Asian private bankers

Scanning a bank statement into a computer may not sound particularly high-tech, but it's unsettling some of Asia's private bankers.
11 April 2016, 18:00 PM

Oil price dips on prospects for producers' meeting

Oil prices slipped on Monday over worries that the result of next Sunday's meeting of producers in Qatar aimed at freezing current output levels would fail to improve the current supply-demand balance.
11 April 2016, 18:00 PM

Many Indian jewellers open shops; gold discounts drop

More than half of Indian jewellers reopened their shops on Monday after keeping them closed for nearly six weeks in protest over the reintroduction of excise duty on gold jewellery.
11 April 2016, 18:00 PM

Jaguar Land Rover launches tech venture

Jaguar Land Rover (JLR) launched a technology business on Monday which aims to create apps for services such as car-sharing, the latest automaker to explore ways of tapping demand for cheaper and greener ways of making short journeys.
11 April 2016, 18:00 PM