Australia economy expands with shift away from resource boom

Australia's economy is on track for healthy growth this year, new figures showed Wednesday, with a bounce in exports helping accelerate its shift from an unprecedented resources boom.
2 December 2015, 18:00 PM

Fed to take up emergency lending curb

The Federal Reserve Board will consider a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG, Citigroup and others in 2008.
30 November 2015, 18:00 PM

Black Friday online shopping rivals stores: US survey

As many Americans bought online as they did in physical stores during the Thanksgiving weekend shopping splurge, the National Retail Federation said Sunday, highlighting a growing trend away from the traditional Black Friday consumer assault.
30 November 2015, 18:00 PM

New York reassures tourists after terror threat

NEW York is reassuring tourists that America's biggest city is safe as it prepares to welcome more than five million visitors for the busy holiday season after the Paris attacks.
30 November 2015, 18:00 PM

India's economy grows 7.4pc, outperforms China

INDIA'S economy grew by 7.4 percent year-on-year in the last quarter, official figures showed Monday, outperforming China and giving Prime Minister Narendra Modi a boost following a recent election drubbing.
30 November 2015, 18:00 PM

MasterCard steps up its game

FINANCIAL inclusion, riding on the back of a predominantly youth population, will take the economy of Bangladesh forward, said a top official of MasterCard.
30 November 2015, 18:00 PM

Asian imports of Iran oil plunge 8.5pc in Oct

Asian imports of Iranian oil fell to the lowest level in two years in October, as Iran's biggest crude buyers held off from increasing purchases following a landmark agreement on Tehran's disputed nuclear programme in July.
30 November 2015, 18:00 PM

Amazon releases video showcasing unmanned delivery drones

Amazon has unveiled what its unmanned drones for package delivery would look like with a video launched on Sunday on the prototype
30 November 2015, 18:00 PM

Pakistan aims to raise $379m in new taxes to meet IMF targets

Pakistan must raise an extra $379 million through new tax measures, the finance minister said on Monday, as the government seeks to qualify for its latest IMF loan tranche.
30 November 2015, 18:00 PM

Income tax deadline ends

The extended deadline to submit tax returns ended yesterday.
30 November 2015, 18:00 PM

Britain swings austerity axe but drops tax reform

Britain took the axe to spending Wednesday, fleshing out plans to slash welfare and eliminate the deficit, but dropped a controversial plan to cut tax credits for the poorest.
25 November 2015, 18:00 PM

Australia-led group wins $7b electricity deal over China bid

An Australia-led consortium of investment funds from Canada and the Middle East won the bid for electricity transmission network TransGrid Wednesday, beating a Chinese challenger in a deal worth Aus$10 billion (US$7.3 billion).
25 November 2015, 18:00 PM

Juncker says euro at risk if Schengen passport-free travel zone unravels

European Commission President Jean-Claude Juncker said on Wednesday Europe's single currency will be jeopardised if its Schengen passport-free travel zone unravels due to member states reimposing border controls to keep out refugees.
25 November 2015, 18:00 PM

ECB warns Europe more vulnerable to emerging markets

EUROPEAN financial markets are increasingly vulnerable to turmoil in large emerging economies, the European Central Bank warned in a report Wednesday
25 November 2015, 18:00 PM

LafargeHolcim profits crumble on cost of building world's No1

LAFARGEHOLCIM said Wednesday its profits collapsed as the cost of building the world's biggest cement company took its toll.
25 November 2015, 18:00 PM

Nine Fed banks called for discount rate hike: minutes

THE number of regional Federal Reserve banks pushing for a hike in what commercial banks are charged for emergency loans rose to
25 November 2015, 18:00 PM

China's biggest brokerage Citic in $166b error

CHINA'S biggest brokerage, Citic Securities, overstated its derivative business by $166 billion (£110 billion) from April to September, according to the country's securities association.
25 November 2015, 18:00 PM

Opec to stay the course despite fears of $20 oil

OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy's chief architect, Saudi Arabia, alarming weaker members who fear prices may slump further towards $20.
25 November 2015, 18:00 PM

Gulf braces for austerity as oil income slump bites

FACED with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts warn much more needs to be done.
25 November 2015, 18:00 PM

World Bank sets $16b plan for climate fight in Africa

The World Bank announced Tuesday a plan to help Africa weather climate shocks that requires $16.1 billion in financing through 2020.
25 November 2015, 18:00 PM