New IMF economist sees major challenges to global economy

JUST a few months into the job, the challenges are already piled high for the International Monetary Fund's new chief economist Maurice Obstfeld.
11 November 2015, 18:00 PM

German trade surplus shrinks in September

Germany's exports and imports both rebounded in September after falls a month earlier, as the trade surplus shrank slightly to 19.4 billion euros ($20.9 billion), official data showed Monday.
9 November 2015, 18:00 PM

Australian green group to challenge India-backed coal mine

An Australian environmental group Monday launched a new legal challenge to a huge, India-backed coal mine, saying the government's recent re-approval of the project failed to consider the impact on the Great Barrier Reef.
9 November 2015, 18:00 PM

India's Jet Airways confirms order for 75 Boeing 737 planes

India's Jet Airways confirmed on Monday an order for 75 Boeing 737 planes previously listed on the US manufacturer's book as for an undisclosed client.
9 November 2015, 18:00 PM

Moody's downgrades Toshiba's credit rating

Moody's downgraded the credit rating of embattled electronics giant Toshiba on Monday days after the conglomerate announced deep mid-year operating losses late last week.
9 November 2015, 18:00 PM

Modi launches gold monetisation scheme, response seen muted

Indian Prime Minister Narendra Modi will on Thursday launch a programme to lure tonnes of gold from households into the banking system, but low returns and concerns over tax authorities hounding depositors may hinder a scheme aimed at cutting imports.
4 November 2015, 18:00 PM

S Korea's Hyundai launches luxury car brand

South Korea's Hyundai Motor launched Wednesday a high-end brand named after its Genesis line of vehicles as it looks to expand its presence in the fast-growing luxury auto market.
4 November 2015, 18:00 PM

China plans to link Shenzhen, HK stock markets in 2015

CHINA has set a deadline of this year to link trading between the Shenzhen stock exchange and the Hong Kong market, the central bank chief said, following a similar connection with the Shanghai bourse.
4 November 2015, 18:00 PM

M&S makes progress on profitability while sales fall

British retailer Marks & Spencer showed that efforts to boost profitability in its troubled clothing business are starting to pay off even though sales fell again in the latest quarter.
4 November 2015, 18:00 PM

Over 40pc of China's online sales counterfeit, shoddy: Xinhua

More than 40 percent of goods sold online in China last year were either counterfeits or of bad quality, the official Xinhua news agency said, illustrating the extent of a problem that has bogged down the fast-growing online sector.
4 November 2015, 18:00 PM

Nestle India says to start sale of Maggi noodles within this month

Nestle India Ltd plans to commence the sale of popular Maggi noodles within this month, after court-mandated tests at three laboratories cleared all the samples with lead much below permissible levels, the company said on Wednesday.
4 November 2015, 18:00 PM

What is the IMF's benchmark currency basket?

INTERNATIONAL Monetary Fund policymakers are expected to decide this month whether to add China's yuan to the Fund's benchmark currency basket after a campaign by Beijing for inclusion.
4 November 2015, 18:00 PM

Tough choices needed to end extreme poverty

The dramatic fall in global poverty over the past two decades is the best news in the world today. For the first time ever, the percentage
4 November 2015, 18:00 PM

Amazon opens first brick- and-mortar bookstore

Twenty years after pioneering the virtual bookstore, Amazon Tuesday went brick-and-mortar.
4 November 2015, 18:00 PM

OECD warns high-priced drugs are stretching health budgets

Specialty medicines for which pharmaceutical companies demand high prices are straining wealthy nations' health budgets, the OECD said on Wednesday, with drugs accounting for some 20 percent of all health spending.
4 November 2015, 18:00 PM

Tata to get up to $500m a year in Canadian financing

Canada will provide up to $500 million a year in trade financing to help Tata Sons Ltd invest in Canada and also to aid Canadian firms doing business with the company abroad, Ottawa said on Wednesday.
4 November 2015, 18:00 PM

Visa to buy Visa Europe in deal worth up to 21.2b euros

Visa Inc said on Monday it would acquire former subsidiary Visa Europe for 16.5 billion euros ($18.19 billion), with the potential for an additional payment of up to 4.7 billion euros.
2 November 2015, 18:00 PM

HSBC pre-tax profit up 32pc

HSBC saw pre-tax profit surge 32 percent year-on-year in the third quarter on the back of lower fines, the banking giant announced Monday, but revenue dropped in the wake of Asian market volatility.
2 November 2015, 18:00 PM

Asia's factories struggle with global demand gulf

Activity in China's colossal factory sector shrank in October as global demand stuttered, reinforcing the case for more stimulus and questioning whether the Federal Reserve can be confident enough to raise US interest rates this year.
2 November 2015, 18:00 PM

China gives currency biggest boost in a decade

China on Monday raised the daily reference rate for its yuan currency by the largest margin in a decade, officials and reports said, just three months after a surprise devaluation sent shockwaves through global markets.
2 November 2015, 18:00 PM