For Indians, paper gold can't beat the real thing

India is meeting stiff resistance in its drive to make the buying of gold jewellery more transparent and to channel demand into paper gold to stop the metal being used to hide billions of dollars of undeclared 'black money'.
13 July 2015, 18:00 PM

Thailand ignites solar power investment in Southeast Asia

Come December, Thailand will have more solar power capacity than all of Southeast Asia combined as record sums of money is poured into the sector in the hopes of nurturing a new energy source to help drive the region's second-biggest economy.
13 July 2015, 18:00 PM

Greece debt crisis: What's the deal?

EUROZONE leaders have reached agreement over a third Greek bailout after marathon talks in Brussels.
13 July 2015, 18:00 PM

Relief and much anger in Greece

GREEKS greeted news of a deal with creditors on Monday with a measure of relief mixed with much anger, particularly at Germany, after it became clear Greece will have to swallow more austerity that could fracture the government and spark a backlash.
13 July 2015, 18:00 PM

Last-minute tourist reservations for Greece plunge 30pc

Last-minute tourist reservations for Greece have plunged by nearly a third since early last week as uncertainty piles up around the eurozone country, the Greek Tourism Confederation said Wednesday.
8 July 2015, 18:00 PM

Russian economic winds blow cold in Chinese border town

The warmth of the friendship between Chinese President Xi Jinping and Russia's Vladimir Putin -- who meet Wednesday for the eighth time in two years -- does little to counter the bitter economic winds blowing through their shared border.
8 July 2015, 18:00 PM

How the bubble bursts

TENS of millions of retail investors in China are learning a hard lesson as once high-flying stock prices plunge, sparking sadness and anger.
8 July 2015, 18:00 PM

China stocks plunge as government efforts fail

China stocks took another plunge Wednesday, as the securities regulator warned the market was in the grip of "panic" selling after fresh government moves failed to arrest a rout that has now infected regional markets.
8 July 2015, 18:00 PM

India's push to curb steel imports could hit its small mills

Steps by India to protect its large steelmakers from a flood of cheap imports could end up closing scores of small, local firms that process the metal, industry analysts and executives said.
8 July 2015, 18:00 PM

Greece and China expose limits of 'whatever it takes'

For a world so confident that central banks can solve almost all economic ills, the dramas unfolding in Greece and China are sobering.
8 July 2015, 18:00 PM

Microsoft cuts 7,800 jobs

Microsoft announced plans Wednesday to cut 7,800 jobs, most from the struggling mobile phone division acquired last year from Nokia.
8 July 2015, 18:00 PM

Samsung profit drop misses estimates

Samsung Electronics on Tuesday flagged a second quarter drop in operating profit that missed analyst estimates after sales of its newest flagship smartphone failed to meet expectations.
7 July 2015, 18:00 PM

Issuance of Islamic bonds to drop sharply in 2015: S&P

The Islamic sukuk or bond market is set to drop sharply this year after Malaysia's central bank, one of the largest global issuers, stopped doing so, Standard & Poor's said Tuesday.
7 July 2015, 18:00 PM

Chinese investors learn markets can go down as well as up

Three weeks of falls on Shanghai's stock market have cost veteran investor Gu Yongbiao five million yuan -- more than $800,000 -- he estimates, over two-thirds of the value of his portfolio.
7 July 2015, 18:00 PM

Apple Music goes live

Apple's new streaming service went live Tuesday with a flashy radio station and artist exclusives, as the company that dominated digital music through iTunes looks to the future.
1 July 2015, 18:00 PM

WB warns China over state financial control

The World Bank on Wednesday urged China to accelerate reform of its state-dominated financial sector, warning that failure to address the issue could end "three decades of stellar performance" for the world's second-largest economy.
1 July 2015, 18:00 PM

Thai crackdown on rogue fishing as fears grow over EU ban

A belated Thai clampdown on illegal fishing is forcing unlicensed vessels ashore, threatening to paralyse a key industry as the kingdom desperately tries to avoid a European Union ban on exports worth $1 billion a year.
1 July 2015, 18:00 PM

Xiaomi takes first big step outside Asia with Brazil smartphone

Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up.
1 July 2015, 18:00 PM

China parliament ratifies BRICS Bank agreement

China's largely rubber-stamp parliament ratified an agreement with the world's largest emerging nations on Wednesday to create a new development bank, state news agency Xinhua reported.
1 July 2015, 18:00 PM

Global pharma firms grilled about tax in Australia

The world's top pharmaceutical companies Wednesday told an Australian parliamentary hearing they were compliant with local and international laws, despite claims they are charging higher prices to minimise tax.
1 July 2015, 18:00 PM