Uber enters Sri Lanka

Taxi app company Uber launched Wednesday in Sri Lanka, a country dominated by three-wheeler auto rickshaws, as part of the US
9 December 2015, 18:00 PM

China consumer inflation creeps up in Nov

China's consumer inflation rate edged up in November, official data showed Wednesday, while factory gate price falls lingered at a six-year low as the world's second-largest economy grapples with slowing growth.
9 December 2015, 18:00 PM

Indian industry group to launch first physical gold exchange

A bullion association in India is planning to launch the country's first physical gold trading exchange, in an attempt to bring transparency to the market for the precious metal in the world's second biggest consumer.
9 December 2015, 18:00 PM

Yahoo will not spin off Alibaba stake, weighs core business sale

Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd, CNBC reported, with an announcement coming as soon Wednesday.
9 December 2015, 18:00 PM

Chinese steel dumping threatens sector recovery in Europe, US

European and US steel producers are only slowly emerging from a 2008 sector meltdown, but already they are faced with a new challenge: Chinese dumping.
9 December 2015, 18:00 PM

Turkish economy risks losing $9b over Russia crisis: Deputy PM

Tensions with Russia could cost Turkey's economy $9 billion in the worst case scenario of "zero relations", Turkish Deputy Prime Minister said Monday.
7 December 2015, 18:00 PM

China's foreign reserves at nearly three-year low

China's foreign exchange reserves fell to their lowest level in nearly three years in November, official data showed Monday, with analysts blaming "record" capital outflow on expectations the yuan will depreciate.
7 December 2015, 18:00 PM

In India, corporate transparency comes with puzzling questions

Indian regulators have launched an unprecedented drive to boost corporate transparency, bombarding firms with disclosure demands, but clumsy execution has created suspicions of a box-ticking exercise that may not entirely achieve its aim.
7 December 2015, 18:00 PM

Ambani towers pact sets up Indian telco comeback

Anil Ambani's telecom ambitions are almost credible again. The Indian tycoon's Reliance Communications is in exclusive talks to sell
7 December 2015, 18:00 PM

Wave of young Afghan migrants seen hurting economy they leave behind

AFGHAN software entrepreneur Farshid Ghyasi, chief executive of the Netlinks company, is struggling to keep his best employees, as more plan to join a wave of migrants leaving for Europe that risks causing long-term damage to the country and its economy.
7 December 2015, 18:00 PM

China forecast to become world's biggest electric car market

China is forecast to become the world's biggest electric car market this year, with sales estimated at 220,000 to 250,000 vehicles, the official news agency Xinhua said on Sunday, quoting the China Association of Automobile Manufacturers.
7 December 2015, 18:00 PM

Qatar rejects rights group report on 'rampant' labour abuse

QATAR'S government has rejected a report by Amnesty International which said abuse of migrant labourers in the Gulf Arab state remains "rampant" five years after it won the right to host the World Cup.
2 December 2015, 18:00 PM

Investors flee fossil fuels, even as some banks back coal

Institutional investors are fleeing fossil fuels even as some major banks continue to pour money into coal, according to reports released at a UN climate conference Wednesday.
2 December 2015, 18:00 PM

SE Asia needs to do more to open markets: study

DESPITE numerous pledges and years of effort to transform Southeast Asia into a single market, the 10-nation region remains resistant
2 December 2015, 18:00 PM

Yahoo board to discuss sale of core business

Yahoo's board will meet to discuss whether it should sell its core business instead of its Alibaba stake, according to a report Tuesday in The Wall Street Journal.
2 December 2015, 18:00 PM

Danone weans itself from Dumex infant formula brand in China

French dairy giant Danone said Wednesday it had reached a final agreement to sell its Dumex baby-milk business in China, which had been tarnished by bribery claims and a safety scare.
2 December 2015, 18:00 PM

India govt official floats idea of national gold exchange

A senior government official floated the idea this week of setting up a national gold exchange to overhaul physical trade in the world's second-biggest bullion market.
2 December 2015, 18:00 PM

Recession deepens in Brazil

Brazil's economy contracted 4.5 percent year-on-year in the third quarter, officials said Tuesday, reflecting a steeper than expected recession in the world's seventh largest economy.
2 December 2015, 18:00 PM

US business plans for investment hit 3-year low

US businesses are increasingly pessimistic about the US economy and are slashing plans for investment that is vital for growth, a private
2 December 2015, 18:00 PM

India eyes steady steps, not big bang, towards freer rupee

India is taking steady steps towards an increasingly free currency, Reserve Bank of India governor Raghuram Rajan said on Tuesday, but it will avoid a "big bang" liberalisation.
2 December 2015, 18:00 PM