GM set to storm India as Korea costs climb

General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.
4 May 2015, 18:00 PM

Pension, labour disputes dog Greek talks as cash dwindles

Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical.
4 May 2015, 18:00 PM

World Bank's pension investments clash with principles

The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing.
4 May 2015, 18:00 PM

Siemens healthcare unit probed by China regulator for bribery

A Chinese regulator investigated Siemens AG last year over whether the German group's healthcare unit and its dealers bribed hospitals to buy expensive disposable products used in some of its medical devices, three people with knowledge of the probe told Reuters.
3 May 2015, 18:00 PM

Russia signs up to $100b BRICS fund to rival IMF

Russian President Vladimir Putin ratified an accord Saturday to set up a $100-billion reserve fund for the so-called BRICS -- the five leading emerging economies that include Russia, China, Brazil, India and South Africa.
3 May 2015, 18:00 PM

HSBC's HQ rethink: taxes, China relationship hold key to decision

In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. As Europe's biggest bank now considers moving back, the same exercise offers clues to its final decision, say industry sources and analysts.
3 May 2015, 18:00 PM

Japanese inflation ticks up, but spending still weak

Japanese inflation picked up in March for the first time in 10 months, data showed Friday, but household spending tumbled in a worrying
2 May 2015, 18:00 PM

US manufacturing slows in April

US manufacturing continued to grow at a sluggish pace in April, partly hurt by the strong dollar but supported by cheap energy, the
2 May 2015, 18:00 PM

Shell, Total align trading, refining units to drive profit growth

Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to
2 May 2015, 18:00 PM

Foodpanda raises $100m in round led by Goldman

Foodpanda, an online takeaway delivery service backed by tech investor Rocket Internet, said on Friday it had received $100 million in a
2 May 2015, 18:00 PM

Ratings agencies say no default if Greece misses ECB, IMF payments

Most top credit rating agencies say they would not cut Greece's rating to default if it misses a payment to the International Monetary
2 May 2015, 18:00 PM

Despite executions, drowning, some Ethiopians still dream of Europe

On the walls of homes in the poor Cherkos neighbourhood of Ethiopia's capital, the portraits of "martyrs" killed in their attempt to
2 May 2015, 18:00 PM

Asian workers rally against govt labour reforms

Tens of thousands of South Korean workers held May Day rallies on Friday, vowing to wage an "all-out general strike" if the
2 May 2015, 18:00 PM

British election: investor fears 'no workable government'

Financial markets are bracing for a highly unpredictable British election next week that in a worst case scenario could produce no
2 May 2015, 18:00 PM

China announces measures to boost creativity, jobs

China on Friday announced measures aimed at promoting innovation and job creation, state media said, as authorities seek to ensure
2 May 2015, 18:00 PM

Oil prices extend gains

Oil prices rose further on Thursday, extending the previous day's gains on a drop in US crude inventories that offset disappointing
30 April 2015, 18:00 PM

Moody's cuts Greece rating further into junk

Moody's downgraded Greece's debt further into junk territory Wednesday, citing "high uncertainty" that Athens can reach a new
30 April 2015, 18:00 PM

Cost of shipping to India set to drop

Bangladesh and India have signed a draft agreement on coastal shipping, a move that will reduce the cost of export and import between the two countries by two thirds.
29 April 2015, 18:00 PM

Demand for Apple's big-screen phones fuels sales growth in China

Apple's large-screen iPhones are a big hit in China, taking market share from Samsung and selling at a pace that may make China a greater source of revenue than the Americas for Apple in coming years, analysts said.
29 April 2015, 18:00 PM

Wal-Mart to expand China store network

Giant US retailer Wal-Mart Stores Inc plans to expand its footprint in China by nearly a third by opening 115 new stores by 2017, the firm's chief executive said, in a renewed push to lure China's grocery shoppers despite slowing growth.
29 April 2015, 18:00 PM