Japan's household spending rebounds but recession looms

Spending among Japanese households rebounded in August, data showed Friday, offering a glimmer of hope after a string of weak figures, but economists warned the world's number three economy was still headed for recession.
2 October 2015, 18:00 PM

IMF, central banks in spotlight for interest rate decisions

Flanked by interest rate decisions in Britain, Japan and Australia, the IMF's annual meeting in Lima takes centre stage in the calendar next week, with policymakers focussing on China's economic slide and its impact on the rest of the world.
2 October 2015, 18:00 PM

Bye bye Google, hello Alphabet

GOOGLE Inc has morphed into Alphabet Inc. After US markets closed on Friday, Alphabet replaced Google as the publicly traded company that will house Google's search and Web advertising businesses, maps, YouTube and its "moonshot" ventures such as driverless cars.
2 October 2015, 18:00 PM

Amazon pulling Chromecast, Apple TV from shelves

Amazon on Friday said it will stop selling Apple TV and Google Chromecast devices that compete with the online retail titan's own media-streaming hardware.
2 October 2015, 18:00 PM

EU growth too weak for Ukraine to join: economist Sachs

ECONOMIC growth in the European Union is too weak to allow for Ukraine to join the 28-member bloc, according to leading US economist and reformer Jeffrey Sachs.
2 October 2015, 18:00 PM

TPP would include auto market opening for Japan

A US-Japan agreement on autos trade as part of a sweeping Pacific Rim trade deal would have its own dispute settlement mechanism, including penalties, if Japan does not open its market enough to US vehicles, a source close to the negotiations said on Friday.
2 October 2015, 18:00 PM

Wal-Mart banks on cavernous warehouses in e-commerce push

WAL-MART Stores' expanding network of large distribution centers will allow it to deliver packages throughout the United States in two days, setting it up to compete more efficiently in online holiday sales, a senior executive said on Thursday.
2 October 2015, 18:00 PM

Malaysia hopes to boost social enterprise to make society "more equitable"

Until they started to build micro-hydro dams, many of the indigenous people living in remote rainforests of Malaysia's Sabah state did not have access to electricity, forcing them to resort to costly ways of generating power through diesel generators.
2 October 2015, 18:00 PM

Big banks face suits for alleged US bonds rigging

More than 20 lawsuits have been filed in the United States accusing large banks of rigging the US Treasury bond market in a similar fashion to other recent collusion cases.
2 October 2015, 18:00 PM

German new car sales up

New car registrations in Germany, a key measure of demand in one of the most important sectors of Europe's top economy, rose in
2 October 2015, 18:00 PM

Global commodity price slump sends ripples around the world

In the boom times when the price of gold was soaring, Ebenezer Sam-Onuawonto had a dream job and a dollar salary many times the national average in this mining town in southwestern Ghana.
2 October 2015, 18:00 PM

Kuwait to seek private investment in $36b projects

Kuwait will invite private investors, including foreigners, to take part over the next two years in nine infrastructure projects worth about $36 billion, under a new law designed to facilitate such deals, an official said.
1 October 2015, 18:00 PM

TPP trade talks narrow on tough auto, drug and dairy issues

Talks on the ambitious Trans-Pacific Partnership remained stuck on a handful of tough issues including auto parts and drug protections as trade ministers moved to a second day of negotiations Thursday.
1 October 2015, 18:00 PM

Microsoft and Google call truce in patent wars

Technology titans Microsoft and Google on Wednesday announced that they have agreed to end all patent infringement litigation against each other.
1 October 2015, 18:00 PM

Indians declare $500m in black money in tax crackdown

Indians declared $500 million in black money, the government announced Thursday, a fraction of the total amount feared hidden, as a deadline for coughing up assets hidden from the taxman expired.
1 October 2015, 18:00 PM

Gulf banks' profits set to slide over low oil income: S&P

Net earnings of Gulf banks are expected to slide as government spending slows due to a dive in oil revenues, the Standard and Poor's ratings agency said Thursday.
1 October 2015, 18:00 PM

Wal-Mart to cut hundreds of jobs at headquarters

Wal-Mart Stores Inc is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said.
1 October 2015, 18:00 PM

'Reason to be concerned' about global economy: IMF MD

The International Monetary Fund voiced concern Wednesday about the global economy, weakened by China's slowdown and facing a potential "vicious cycle" from a looming US interest rate hike.
1 October 2015, 18:00 PM

Shaky China, Asia activity surveys leave world outlook vulnerable

Factories in Asia cut more jobs and throttled back output in September as domestic and export demand shrivelled, adding to fears that cooling growth in China and emerging markets will jeopardize an increasingly fragile global recovery.
1 October 2015, 18:00 PM

From heroes to bystanders? Central banks' growth challenge

Central bankers who led the charge to pull the global economy from a cliff during the financial crisis now risk becoming bit players, ill-equipped to snap the world out of sluggish growth and its addiction to cheap credit.
1 October 2015, 18:00 PM