ILO says only one-fourth of the world's workers have solid jobs

Only a fourth of the world's workforce have stable contracts, leading to growing job insecurity, a UN report said Tuesday.
19 May 2015, 18:00 PM

Alibaba says Kering lawsuit alleging fakes is baseless

Chinese e-commerce giant Alibaba on Monday denounced as baseless a lawsuit by French apparel company Kering Group, whose luxury brands include Gucci, which accused it of selling fake products.
18 May 2015, 18:00 PM

India seeks to speed up foreign deals with one-stop shop

The finance ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40
18 May 2015, 18:00 PM

Amid China slowdown, foreign creditors face bankruptcy riddle

As China's economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country's unpredictable court system.
18 May 2015, 18:00 PM

Modi urges S Korea firms to grasp investment opportunities in India

Indian Prime Minister Narendra Modi called on South Korea to be a "leading partner" in his country's economic modernisation as he talked up investment opportunities at the start of a two-day visit Monday.
18 May 2015, 18:00 PM

Toyota City: symbol of Japan's auto rise

Toyota City stands as a testament to the meteoric rise of its namesake, now the world's biggest carmaker with record profits and sales of more than 10 million cars globally last year.
17 May 2015, 18:00 PM

India learns to 'fail fast' as tech start-up culture takes root

After ping pong tables, motivational posters and casual dress codes, India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture credited with fuelling creativity and success in the United States.
14 May 2015, 18:00 PM

Solar-powered ATMs to deliver clean drinking water in Pakistan

Punjab province is set to launch an innovation for water-short Pakistan: Solar-powered ATMs that dispense clean water when a smart card is scanned.
14 May 2015, 18:00 PM

China April economic data at multi-year lows

Multiple Chinese economic indicators missed expectations Wednesday, with consumption and investment growth figures falling to multi-year lows, underlining sluggish momentum in the world's second-largest economy.
13 May 2015, 18:00 PM

Foreign investor group mulls Supreme Court challenge to India MAT tax

A Hong Kong-based lobby group representing global banks and investors is considering challenging a controversial tax in India's Supreme Court, escalating a row that has eroded investor confidence in Prime Minister Narendra Modi's government.
13 May 2015, 18:00 PM

Foreign investor group mulls Supreme Court challenge to India MAT tax

A Hong Kong-based lobby group representing global banks and investors is considering challenging a controversial tax in India's Supreme Court, escalating a row that has eroded investor confidence in Prime Minister Narendra Modi's government.
13 May 2015, 18:00 PM

Oil glut worsens as Opec market-share battle just beginning

A global oil glut is building as Opec kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant US shale production, the International Energy Agency (IEA) said on Wednesday.
13 May 2015, 18:00 PM

Toyota, Nissan recall 6.5m cars globally over exploding airbag fears

Japanese auto giants Toyota and Nissan on Wednesday said they were recalling 6.5 million vehicles globally in the latest chapter of an exploding airbag crisis linked to several deaths.
13 May 2015, 18:00 PM

HSBC subsidiary announces sale of 10pc stake in Chinese bank

Hang Seng Bank, a Hong Kong-based subsidiary of British banking giant HSBC, on Tuesday announced the sale of a 10 percent stake in China's Industrial Bank in a transaction that could be worth $4.74 billion.
13 May 2015, 18:00 PM

India's small infrastructure firms turn to market as banks lag

India's smaller infrastructure firms are turning to share sales to fund new projects, cashing in on a boom in the country's stock market just as banks have scaled back on credit due to rising bad loans and slowing earnings growth.
12 May 2015, 18:00 PM

Apple in talks with Alibaba over Apple Pay in China

Apple Inc is in talks with Chinese banks and Alibaba Group Holding Ltd on launching the firm's mobile payments system in China, Chief Executive Tim Cook told the official Xinhua news agency in an interview published on Tuesday.
12 May 2015, 18:00 PM

Greece taps reserves to pay IMF loan

Greece was forced to tap into an emergency account to make a debt interest payment to the International Monetary Fund (IMF), it has emerged.
12 May 2015, 18:00 PM

Asia hit hard as Australia slashes foreign aid budget

Australia has slashed its foreign aid budget by almost Aus$1.0 billion (US$800 million) with Asian and African countries bearing the brunt, according to budget papers released Tuesday.
12 May 2015, 18:00 PM

Telenor names Brekke new CEO as Baksaas retires

Telenor ASA named Sigve Brekke as new chief executive officer to replace retiring Jon Fredrik Baksaas as the carrier expands its business in fast-growing Asia.
12 May 2015, 18:00 PM

ADB to finance $6b for infrastructure projects in Pakistan

The Asian Development Bank on Tuesday approved a $6 billion loan to help build up Pakistan's dilapidated power network and other key infrastructure, Islamabad said.
12 May 2015, 18:00 PM