Japan exports stumble on China slowdown

Japan's exports slowed in July, official data showed Wednesday, adding to concerns about the fragile recovery in the world's number three economy as demand falls in neighbouring giant China.
19 August 2015, 18:00 PM

Ghost airports highlight risks as Modi spends to grow

Two-and-a-half years after the completion of a new $17 million terminal building, the airport in Jaisalmer, a small and remote desert city in Rajasthan, stands empty.
19 August 2015, 18:00 PM

China pumps $17b into banks for economic boost

China's central bank has made $17 billion available to more than a dozen financial institutions to help boost the economy, it said Wednesday, a day after injecting nearly $100 billion into two government policy banks.
19 August 2015, 18:00 PM

Google launches Wi-Fi router for home use

Google Inc launched a Wi-Fi router on Tuesday, the latest move in the company's efforts to get ready for the connected home and draw more users to its services.
19 August 2015, 18:00 PM

German lawmakers back third Greek bailout

German lawmakers overwhelmingly voted in favor of a third Greek bailout on Wednesday, heeding a call from Finance Minister Wolfgang Schaeuble to give Greece the chance for a new start, despite his own concerns it might not work.
19 August 2015, 18:00 PM

Uber aims at a million rides a month in India, gets funds from Tata Group

Taxi hailing service Uber Technologies Inc has received fresh investment from Tata Opportunities Fund, a private equity fund advised by Tata Capital, as it expands its business, the companies said.
19 August 2015, 18:00 PM

Wal-Mart earnings miss estimates

Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its full-year forecast on Tuesday, citing investments in staffing and weaker margins in its U.S. pharmacy business. Shares of the world's largest retailer fell 3.1 percent to $69.70 in heavy premarket trading.
18 August 2015, 18:00 PM

Bad debts cloud outlook for India's private sector banks

India's private sector banks have seen their loan books deteriorate at a faster pace than state-owned peers over the past three quarters, raising concerns that a slower economic recovery could mean writedowns estimated at around $1.5 billion.
18 August 2015, 18:00 PM

Bangkok blast threatens renewed pain for Thai economy

A bomb that ripped through a religious shrine in Bangkok's commercial heart, killing 22 people and wounding more than 100, could deal a heavy blow to a tourism sector that has been one of the few recent bright spots for Thailand's struggling economy.
18 August 2015, 18:00 PM

Alibaba, Foxconn, SoftBank invest in Snapdeal

China's Alibaba Group Holding, Japan's SoftBank Group Corp and Foxconn will lead an investment of $500 million in India's Snapdeal, the online marketplace said on Tuesday, as it seeks to expand in the country's fast growing ecommerce sector.
18 August 2015, 18:00 PM

Reduction in corruption can boost growth: BB governor

Bangladesh must reduce corruption and enhance good governance to elevate itself to a higher growth path, said Atiur Rahman, governor of the central bank.
18 August 2015, 18:00 PM

Chinese minister to visit Dhaka next week

Dhaka and Beijing expect holding comprehensive discussion on Chinese investment and support in commerce, agriculture, industrial and infrastructure development in Bangladesh during Chinese Commerce Minister Gao Hucheng's visit on August 25-26.
17 August 2015, 18:00 PM

Qatar to launch major labour reform for migrant workers

Qatar on Tuesday officially launches one of its most "significant" labour reforms to guarantee migrant workers' wages, but rights groups are concerned over implementation of the new regulations.
17 August 2015, 18:00 PM

LafargeHolcim to sell India assets for 750m Swiss francs

Cement maker LafargeHolcim said it would sell two plants in eastern India to Birla Corporation for about 750 million Swiss francs ($768 million), as a condition of its recent merger.
17 August 2015, 18:00 PM

Amazon boss Jeff Bezos defends company's workplace culture

Amazon's founder and chief executive refuted claims of "shockingly callous management practices"
17 August 2015, 18:00 PM

India, EU working to end trade huff over generic drugs

India and the European Union are taking steps to end a trade row sparked by an EU ban on Indian pharmaceutical products that New Delhi responded to by cancelling talks on a free trade accord with its largest trading partner, officials said.
17 August 2015, 18:00 PM

Thai economic growth slows

Thailand's economy slowed in the second quarter hit by weak domestic demand and exports, official data showed Monday, with growth expected to be hampered by China's devaluation of the yuan.
17 August 2015, 18:00 PM

Japan economy's contraction a blow for 'Abenomics'

Japan's economy contracted 0.4 percent in the April-June quarter, official data showed Monday, underscoring how Tokyo's "Abenomics" growth programme has yet to gain traction.
17 August 2015, 18:00 PM

China retreats to financial shadows to boost economic growth

On a sweltering day in August, the towering ferries wheel and massive roller coaster of China's Jiyanghu Ecological Park, a two-hour train ride from Shanghai, stand eerily silent.
17 August 2015, 18:00 PM

Brazil's currency nears fair value after dramatic decline

The Brazilian real is trading at or near fair value after losing one quarter of its worth since Jan. 1, economists said, suggesting a possible respite for one of the year's most battered currencies.
17 August 2015, 18:00 PM