Alibaba's latest gambit in fighting fakes: foster local brands

Criticised and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.
25 May 2015, 18:00 PM

Oil prices upin Asian trade

Oil prices rose on bargain-hunting in Asia Monday after falling last week but a supply glut and a resurgent dollar are likely to temper gains, analysts said.
25 May 2015, 18:00 PM

Troubled Malaysia Airlines to be completely revamped: new CEO

Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding that will be unveiled next week and changes planned to its fleet and network strategies.
25 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

Apple, Android app makers cool to Microsoft overtures

Microsoft's plan to make its new version of Windows a mobile hit by letting it accept tweaked Apple and Android apps has met an obstacle: some of the software developers the company needs to woo just aren't interested.
20 May 2015, 18:00 PM

German banks seek way to turn around weak profits

Germany's nearly 1,800 banks are being forced to rethink their business models in the face of persistently low level of interest rates and weak profitability.
20 May 2015, 18:00 PM

Turkey auto workers strike hits Ford

One of the biggest strikes in the Turkish automobile sector in recent times showed no sign of letting up Wednesday, with Ford the latest producer to be hit.
20 May 2015, 18:00 PM

Central banks playing with fire in growth push: RBI chief

The "spectre of deflation" is spurring the world's major central banks into a dangerous struggle for stronger domestic growth that imperils financial markets and ignores the needs of developing nations, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
20 May 2015, 18:00 PM

Japan economy picks up pace in wobbly recovery

Japan's economy grew more than expected in the first quarter, data showed Wednesday, as it crawls back from a brief recession, but observers cautioned that a full recovery may still be some way off.
20 May 2015, 18:00 PM

Six global banks fined nearly $6b for forex, Libor abuses

US and British regulators fined six major global banks nearly $6 billion Thursday for rigging the foreign exchange market and Libor interest rates.
20 May 2015, 18:00 PM

Renault seeks to conquer India with budget car

Renault launched its first budget car developed specially for India on Wednesday, seeking to expand its foothold in the huge but highly competitive market.
20 May 2015, 18:00 PM

Lafarge chief gets 2.5m euro merger bonus as cement company cuts jobs

Lafarge chief executive Bruno Lafont has been awarded a 2.5 million euro ($2.8 million) bonus for the successful merger with Swiss rival Holcim as the cement company announced job cuts.
20 May 2015, 18:00 PM

M&S posts first annual profit rise in four years

Britain's Marks and Spencer on Wednesday revealed the first increase in annual profits in four years in a turnaround under chief executive Marc Bolland, partly thanks to "outstanding" food sales.
20 May 2015, 18:00 PM

Indonesia holds interest rates despite slowing growth

Indonesia's central bank held its key interest rate steady on Tuesday for the third consecutive month despite slowing growth in Southeast Asia's biggest economy.
19 May 2015, 18:00 PM

Falling growth hurts German investor sentiment

Investor sentiment in Germany is at its lowest level in five months after weaker-than-expected growth in the first quarter begins to deflate exaggerated expectations for Europe's biggest economy, data showed on Tuesday.
19 May 2015, 18:00 PM

UK inflation turns negative for first time since 1960

Britain's annual inflation rate sank into negative territory last month for the first time in more than half a century, official data showed on Tuesday.
19 May 2015, 18:00 PM

Greece in final stretch of troubled loan talks

Greece on Monday entered the final stretch of tortuous talks with its international creditors on a bankruptcy-saving loan deal, with the government calling for a breakthrough by the end of the month.
19 May 2015, 18:00 PM

Vodafone sees net profits tumble

Vodafone's annual net profits slumped dramatically but the performance was skewed by the sale of its stake in Verizon Wireless, the British company said Tuesday.
19 May 2015, 18:00 PM