Rolls Royces, movies: private India hospitals go luxe for growth

Cinemas, Rolls-Royces and rooms so plush they could belong in a five-star hotel: private hospital operators in India are all but rolling
28 May 2015, 18:00 PM

Philippine GDP slows

Philippine economic growth in the first quarter slowed to a three-year low of 5.2 percent, well below forecasts, due to lethargic government spending
28 May 2015, 18:00 PM

Foreign investment in Latin America falls

Foreign direct investment in Latin America and the Caribbean fell 16 percent in 2014, reversing a decade-long growth trend as the
28 May 2015, 18:00 PM

Etihad profits up 52pc in 2014

Etihad Airways net profits surged by more than half in 2014 to $73 million, the Abu Dhabi-based carrier said Thursday, buoyed by increased passenger numbers and further expansion into the European market.
28 May 2015, 18:00 PM

G7 ministers meet on global growth overshadowed by Greek crisis

Finance ministers and central bank governors of the Group of Seven wealthiest nations gathered in Dresden Thursday to seek ways of boosting global growth, while the Greek crisis also cast its shadow over the talks.
28 May 2015, 18:00 PM

Japan nuclear regulator clears first reactors after safety checks

Japan cleared the way on Wednesday for a resumption of nuclear power, four years after the world's worst atomic disaster in two-and-a-half decades led to the shutdown of all the country's reactors and fuelled public opposition to the industry.
27 May 2015, 18:00 PM

Rising worker activism in 'world's workshop' challenges China

As workers gathered around a table in a cheap restaurant to discuss strike action against their shoe factory bosses, Chinese police barged in and dragged away their leaders.
27 May 2015, 18:00 PM

Xiaomi tests online European market with small accessories

Xiaomi, China's largest smartphone maker, is testing the European market with its online store offering fitness bands, headphones and power banks in France, Germany and the UK.
27 May 2015, 18:00 PM

Russia should not cut itself off from foreign investment: Putin

Russian President Vladimir Putin said on Tuesday the country should not cut itself off from foreign investment and technologies.
26 May 2015, 18:00 PM

Samsung to merge two major units

Samsung Group announced Tuesday the merger of two major affiliates, as the South Korean business giant accelerates restructuring
26 May 2015, 18:00 PM

IMF: China's yuan no longer undervalued but further reforms needed

China's yuan currency is no longer undervalued after its recent substantial appreciation, but the government should quicken reforms to get to having "a floating exchange rate", the International Monetary Fund said on Tuesday.
26 May 2015, 18:00 PM

Amazon starts declaring sales to pay taxes in 4 European countries

Online retail giant Amazon said Tuesday it has started declaring sales in four European countries which would now be subject to local taxes, a move that could affect other multinationals under EU investigation for possible tax avoidance.
26 May 2015, 18:00 PM

Asia's migrant domestic workers rally to fight low pay, abuse

Suay Ing was nine when she was first employed as a domestic worker, cleaning for a family and sleeping in their laundry room in the northern Thai city of Chiang Mai for $10 a month.
26 May 2015, 18:00 PM

India's top economics adviser says scope for rate cut

India's central bank has room to cut interest rates further with inflation expected to remain under control in coming months, the
26 May 2015, 18:00 PM

Iran to scrap monthly petrol subsidy

Iran will scrap a petrol allowance from midnight on Tuesday as part of a 2010 plan to phase out subsidies on energy products and boost the economy, media reported.
25 May 2015, 18:00 PM

Portugal, like Europe, loses hunger for reform

Celebrated among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm for change has waned as Europe loses its appetite for further belt-tightening.
25 May 2015, 18:00 PM

China invites private investors to help build $318b of projects

China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate.
25 May 2015, 18:00 PM

Next-generation plane engines take a LEAP towards delivery

If there's one key selling point that aerospace giants Airbus and Boeing have both been using in marketing their new aircraft, it is fuel efficiency.
25 May 2015, 18:00 PM

Australia makes its mark on global coffee culture

Australia is world-renowned for its love of beer. But its passion for a different type of brew -- coffee -- is what has been making global headlines recently.
25 May 2015, 18:00 PM

Nigerian banks announce early closing due to fuel crisis

Two of Nigeria's biggest banks on Monday announced they were shutting branches early due to a lack of fuel, in the latest sign of shortages hitting businesses.
25 May 2015, 18:00 PM