Ifad Autos to sell India's Farmtrac tractors

Ifad Autos, an automobile dealer, will sell Indian Farmtrac-branded tractors and spare parts in Bangladesh.
2 March 2016, 18:00 PM

Oil prices fall before US energy report

Oil prices fell Wednesday as traders awaited the release of US crude inventory data, which are expected to show a further rise in stockpiles.
2 March 2016, 18:00 PM

Italy announces record haul from crackdown on tax fraud

ITALY recovered a record 14.9 billion euros in unpaid tax in 2015, helped by a new "no questions asked" appeal to suspected dodgers to put their affairs in order.
2 March 2016, 18:00 PM

Australia's economy expands faster than expected

AUSTRALIA'S economy strengthened last year supported by consumer and government spending, data showed Wednesday, with the better-than-expected figures raising hopes the resources-dependent nation is emerging out of a recent slump.
2 March 2016, 18:00 PM

Airbus starts work on new China facility

EUROPE'S largest aircraft manufacturer Airbus started construction Wednesday on a new facility to deliver wide-body planes in China, as it faces off against bitter US rival Boeing for market share in the world's second-largest economy.
2 March 2016, 18:00 PM

Jewellers across gold-loving India strike over tax

JEWELLERS across gold-loving India started a three-day strike on Wednesday in a bid to force the government to shelve plans for a controversial excise tax announced in this week's budget.
2 March 2016, 18:00 PM

German new car sales up 12.1pc in February

New car registrations in Germany, a key indicator of demand in Europe's top economy, rose strongly in February, data showed on Wednesday.
2 March 2016, 18:00 PM

Spanish jobless numbers inch up in February

Spain's unemployment queue inched up slightly in February, the government said Wednesday, due mainly to a rise in the number of jobless in the agriculture sector.
2 March 2016, 18:00 PM

Debt collectors strike fear in recession-hit Russia

"If you don't die by yourself, we'll help you," threaten the phone messages that Natalya, a 69-year-old Russian pensioner, has been receiving for months after falling further behind on her credit card payments.
2 March 2016, 18:00 PM

US factory, construction data bolster growth prospects

US manufacturing appeared to stabilise in February, with production accelerating and new orders holding steady at higher levels, in another dose of good news for the economy after growth slowed in the fourth quarter.
2 March 2016, 18:00 PM

Alibaba eyes stake in China business magazine

The publisher of one of China's most respected business magazines, Caixin, said Wednesday it was seeking new investors following reports e-commerce giant Alibaba plans to take a stake in the company as it looks to expand its media empire.
2 March 2016, 18:00 PM

India axes tender for $1.5b tunnel after opposition criticism

India's transport minister Nitin Gadkari has cancelled a contract to build a $1.5 billion tunnel in the Himalayas, after opposition politicians alleged irregularities in the bidding for India's most expensive road project.
2 March 2016, 18:00 PM

Brazil's Petrobras corruption investigation targets Lula

Federal prosecutors who uncovered a huge corruption scheme at oil company Petrobras are looking into whether Brazil's former president Luiz Inacio Lula da Silva received undue favours from engineering firms they are investigating.
2 March 2016, 18:00 PM

China expects to lay off 1.8m workers in coal, steel sectors

China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given.
29 February 2016, 18:00 PM

Amazon enters Britain's fresh food market with Morrisons deal

Online retailer Amazon is set to enter the British fresh food market after striking a supply deal with supermarket Morrisons, potentially ramping up competition in the already cut-throat sector.
29 February 2016, 18:00 PM

India pledges billions for farmers in 'populist' budget

India's government pledged billions of dollars to help struggling farmers and boost the rural economy as it unveiled its annual budget on Monday, with an eye on kickstarting growth and boosting its flagging popularity.
29 February 2016, 18:00 PM

New Year hangover: Strains show in China's factory heartland

Millions of migrant workers streaming back to China's industrial heartland after the long lunar New Year break are facing an uncertain future, as smaller factories in particular struggle to cope with anaemic orders and rising inventories.
29 February 2016, 18:00 PM

France can ride out global growth concerns: minister

French Finance Minister Michel Sapin said Monday he was confident his country can ride out global growth concerns and hit Paris' target of a 1.5 percent rise in 2016.
29 February 2016, 18:00 PM

Starbucks to open first cafe in Italy

US coffee giant Starbucks announced Monday that it is preparing to conquer the spiritual home of coffee with plans to open its first branch in Italy.
29 February 2016, 18:00 PM

Japan factory output rises for first time in three months

Japan on Monday posted its first factory output expansion in three months, official data showed, offering some rare good news after a string of weak figures threw cold water on recovery hopes.
29 February 2016, 18:00 PM