Frankfurt and London seal $30b trading tie-up to counter US threat

DEUTSCHE Boerse AG and London Stock Exchange Group Plc (LSE) agreed to combine in a $30 billion deal to create a European trading powerhouse better able to compete with US rivals encroaching on their turf.
16 March 2016, 18:00 PM

Bangladesh joins regional capacity development centre

Bangladesh is going to be the part of a joint initiative to establish a regional body in South Asia to enhance skills and capacity development of public sector officials and bankers.
12 March 2016, 06:46 AM

French central bank cuts Q1 growth forecast

France's central bank lowered its first-quarter growth prediction on Wednesday to 0.3 percent from 0.4 percent after several sectors reported a sudden slowdown.
9 March 2016, 18:00 PM

China behind global trade slowdown in 2015: World Bank

The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said Wednesday.
9 March 2016, 18:00 PM

Canon closes in on Toshiba's medical unit after fierce bidding

Toshiba Corp has granted Canon Inc exclusive negotiating rights for its medical equipment unit after a hotly contested auction, with a report putting Canon's offer at more than $6 billion.
9 March 2016, 18:00 PM

BMW clocks up record profit in 2015

German top-of-the-range carmaker BMW said Wednesday it clocked up record sales and profits in 2015 and would celebrate its centenary this year by increasing its dividend payout to shareholders.
9 March 2016, 18:00 PM

Sri Lanka raises taxes as debt crisis bites

Sri Lanka's government Tuesday announced a slew of emergency tax increases to help combat a debt crisis that has forced it to seek a bailout from the International Monetary Fund.
9 March 2016, 18:00 PM

IMF says world at risk of 'economic derailment'

THE International Monetary Fund (IMF) has warned that the global economy faces a growing "risk of economic derailment."
9 March 2016, 18:00 PM

France braces for day of protest as labour reform anger grows

FRANCE faced a wave of protests Wednesday against deeply unpopular labour reforms that have divided an already-fractured Socialist government and raised hackles in a country accustomed to iron-clad job security.
9 March 2016, 18:00 PM

Saudi Arabia seeks $6-8b bank loan to shore up state coffers

SAUDI Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told Reuters, in what would be the first significant foreign borrowing by the kingdom's government for over a decade.
9 March 2016, 18:00 PM

Saudi job creation dries up as oil price slump hits broader economy

SAUDI Arabia's plans for economic reform foresee winding down 'jobs for life' in an inefficient state bureaucracy and replacing them with new careers in a dynamic private sector.
9 March 2016, 18:00 PM

Samsung to launch phone upgrade scheme in South Korea

Tech giant Samsung Electronics on Wednesday said it will launch a phone upgrade programme in South Korea this week that will allow subscribers to switch to a new premium handset every 12 months.
9 March 2016, 18:00 PM

Zara owner's profits soar on higher sales, expansion

Spanish global clothing giant Inditex, owner of the Zara brand, reported Wednesday a sharp jump in profits in 2015 due to higher sales and its international expansion efforts.
9 March 2016, 18:00 PM

India rushes to roll out more commuter railways as cities swell

India's congested cities are awarding new rail projects at a record rate, creating a boon for companies such as Siemens to Larsen & Toubro Ltd in a sector forecast to offer $5.8 billion worth of orders next year.
9 March 2016, 18:00 PM

UK seeking to ease banking barriers with Iran

Britain is working with its European partners to help ease the impact of banking restrictions on trade with Iran, Business Secretary Sajid Javid said on Wednesday, adding that the UK had signed a deal to simplify the financing of exports.
9 March 2016, 18:00 PM

Big US banks to take on tech rivals with instant payments

Depositors at some of the largest US banks are finally going to get the chance to do something quick and simple: send money to another person's account instantaneously by mobile phone.
9 March 2016, 18:00 PM

Power giant E.ON warns of 'tough' times ahead

German power giant E.ON on Wednesday said it booked a 7.0-billion-euro ($7.7-billion) net loss in 2015 and warned that "the course ahead will be tougher and longer than anticipated."
9 March 2016, 18:00 PM

China telecom giant ZTE faces US 'restrictions'

Chinese telecommunications equipment giant ZTE said on Monday that it is facing US government restrictions, after a media report that the company allegedly violated US export controls on Iran.
7 March 2016, 18:00 PM

Pharma crusader takes India's drug regulators to court

One of India's best-known whistleblowers, who exposed dangerous practices in the generic drug industry in 2013, is taking the country's drugs regulators to court, accusing them of failing to enforce rules on drug safety in the $15 billion industry.
7 March 2016, 18:00 PM

Indian farmers see Modi's budget as all promise, no delivery

Farmer Ram Pal Singh voted for Narendra Modi's promise of "better days" in India's 2014 general election, but he won't be backing the prime minister again even after last week's budget promised more aid to the countryside.
7 March 2016, 18:00 PM