US consumers hold wallets tight in Oct

Americans remained wary consumers in October as spending rose at the slowest pace this year for the second straight month, Commerce Department data showed Wednesday.
25 November 2015, 18:00 PM

Asia airlines hit as Turkish jet strike sparks geopolitical fear

Asian stock markets retreated Wednesday, with airlines taking a hit as dealers fret over increased geopolitical tensions following the downing of a Russian jet by Turkey.
25 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

Wal-Mart expects record industry sales

Wal-Mart Stores Inc has decided that Cyber Monday, the biggest online shopping day of the year, should not start on a Monday anymore.
23 November 2015, 18:00 PM

French business feels pinch from Paris attacks

French private-sector business growth slowed in November, according to a survey published Monday, with some business leaders blaming the Paris attacks.
23 November 2015, 18:00 PM

China seeks to remove provincial barriers to trade

China will accelerate reforms to remove internal barriers to both foreign and domestic trade, the country's cabinet said on Monday, a move designed to bolster domestic consumption in its slowing economy.
23 November 2015, 18:00 PM

Japan plans to raise minimum wage to revive economy

Japan's government plans to raise the minimum wage and introduce other steps to revitalise the economy, but the draft of stimulus measures seen by Reuters on Monday appeared to break no new ground on reforms that analysts say are needed to end decades of stagnation.
23 November 2015, 18:00 PM

Eurozone economy picks up pace in November: survey

EUROZONE business activity hit a four-and-a-half year high in November, helping create much-needed jobs in a broad-based upturn despite the impact on France of the Paris attacks, a key survey showed Monday.
23 November 2015, 18:00 PM

Retailers give shoppers new reasons to use mobile phones in stores

AT some Macy's outlets this holiday season, shoppers who download the retailer's app will be able to use their smart phones to guide them through the store to products they're seeking.
23 November 2015, 18:00 PM

Nuclear and renewable: S Africa's ambitious new energy mix

HEAVILY reliant on coal-fired electricity, South Africa is launching ambitious new projects aimed at diversifying its energy sources and avoiding the regular power cuts that have hobbled the economy in recent years.
23 November 2015, 18:00 PM

China stock offers to resume next week

Chinese companies will resume initial public offerings (IPOs) with a bang next week, when an industrial explosives maker becomes the first to offer shares to investors following a four-month freeze.
23 November 2015, 18:00 PM

Is the bubble bursting for India's online start-ups?

Hundreds of layoffs at several Indian start-ups have sparked fears the bubble is starting to burst for the country's e-commerce companies, amid claims by analysts that many of them are overvalued.
22 November 2015, 18:00 PM

China offers $10b in infrastructure loans for Southeast Asia

China is offering $10 billion in infrastructure loans to Southeast Asian countries, a senior foreign ministry official said on Sunday.
22 November 2015, 18:00 PM

Technical breakdown disrupts stock trade

A technical breakdown halted trade on Dhaka Stock Exchange for an hour and a half yesterday, while the regulator served notice on the premier bourse, seeking an explanation.
22 November 2015, 18:00 PM

ADB lends $250m more to strengthen stockmarket

The Asian Development Bank has lent $250 million more to Bangladesh to assist the country's ongoing capital market reforms.
22 November 2015, 18:00 PM

US pushes China on market access, little progress seen

The United States pushed China for greater market access at annual trade talks in China on Sunday, though few breakthroughs are expected amid tensions over cyber hacking and rules that could hamper foreign tech firms.
22 November 2015, 18:00 PM

Potato to web: Internet outsourcing in Pakistan's mountainous north

WHEN a landslide created a huge, turquoise lake that cut them off from the world, the farmers of Gulmit were left destitute and unable to sell their potatoes. Their solution: to drag their Himalayan valley in Pakistan's far north into the Internet age.
18 November 2015, 18:00 PM

Monsanto weighing another Syngenta takeover offer

Monsanto is weighing whether to launch another attempt to take over Swiss agrochemicals giant Syngenta, after the Swiss company
18 November 2015, 18:00 PM