LG Electronics Q1 net profit drops 58.5pc

South Korea's LG Electronics Wednesday reported a 58.5 percent slump in first-quarter net profit as losses caused by currency swings in overseas markets offset profits from its record smartphone sales.
29 April 2015, 18:00 PM

Art of the Japanese company apology: it's all in the bow

Imagine you're the head of a US fast-food chain in Japan that has been scandalised by a tooth-in-french-fries disaster. How do you repair the damage? Bow deeply -- and be convincing.
29 April 2015, 18:00 PM

Greece debt talks to resume after Tsipras, Merkel call

Athens will resume talks with its creditors Monday, a Greek government source said, after Prime Minister Alexis Tsipras spoke on the phone with German Chancellor Angela Merkel.
27 April 2015, 18:00 PM

Strong rupee stings Modi's export ambitions

"Perhaps God is not listening," he says. "Only a year ago, I was getting 80 rupees for each euro on garment exports to France. Now, I am getting just 67 or 68 rupees."
27 April 2015, 18:00 PM

China to merge scores of major state firms

China is considering merging scores of its biggest state-owned enterprises to create around 40 national champions from the existing 112, the official Xinhua news agency said Monday.
27 April 2015, 18:00 PM

Quake devastates Nepal's economy

NEPAL, one of Asia's poorest countries, faces a crippling multi-billion dollar post-quake reconstruction bill that will set it back years, just as its economy was looking up after a decade-long civil war.
27 April 2015, 18:00 PM

Kazakhstan 'buy local' drive battles ruble-cheap Russian imports

Shelves in supermarkets across the ex-Soviet republic of Kazakhstan teem with bright signs championing locally-produced goods over Russian alternatives.
27 April 2015, 18:00 PM

Alibaba fined for pricing violations

China's e-commerce giant, Alibaba Group, has been fined $129,000 by the price bureau in eastern Zhejiang province for violations by third-party sellers during promotions on its e-commerce platforms.
20 April 2015, 18:00 PM

Chinese president to launch economic corridor link in Pakistan

Chinese President Xi Jinping arrived in Pakistan on Monday to launch $46 billion in projects linking the old allies, a figure that far exceeds US spending in Pakistan and underscores China's economic ambitions in Asia and beyond.
20 April 2015, 18:00 PM

The final push to end extreme poverty must begin right now

2015 is the most important year for global development in recent memory. In July, world leaders will gather in Addis Ababa to discuss
20 April 2015, 18:00 PM

Sony unveils new Xperia phone even as it retrenches in mobile

Sony Corp on Monday unveiled a new high-end Xperia handset featuring an aluminium frame and a 5.2-inch screen, showing it is still
20 April 2015, 18:00 PM

Britain's bank tax jump threatens to push HSBC, StanChart to new home

HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK
20 April 2015, 18:00 PM

China to launch three new free-trade zones

China will launch three new free-trade zones on Tuesday, official media said Monday, building on a project that began in Shanghai to much fanfare but has so far undershot expectations.
20 April 2015, 18:00 PM

Indonesia seeks to lure investors at 'Asia's Davos'

Indonesia welcomed business chiefs and government leaders Monday to Asia's edition of the World Economic Forum, as calls mount for President Joko Widodo to do more to show his commitment to reform.
20 April 2015, 18:00 PM

Venezuela receives $5b funding from China

Cash-strapped Venezuela has received $5 billion in financing from China, President Nicolas Maduro announced Sunday as his country struggles with an economic crisis.
20 April 2015, 18:00 PM

ILO's regional director in town

Tomoko Nishimoto, assistant director general and regional director for the Asia-Pacific region of International Labour Organisation, arrived in Dhaka on Sunday.
20 April 2015, 18:00 PM

Small is beautiful for Audi in China

German carmaker Audi AG sees compact cars increasingly becoming the main driver of sales in China, as the country's booming middle class looks for more affordable luxury, the firm's China president Dietmar Voggenreiter said on Monday.
20 April 2015, 18:00 PM

Indian banks turn to consumer loans to counter corporate slowdown

India's banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.
20 April 2015, 18:00 PM

How China is upsetting the old global economic order

With its huge new infrastructure bank and its ambitions for a globalised renminbi currency, China is leading the upending of a 70-year-old
19 April 2015, 18:00 PM

Germany still has some way to go to 'smart factories'

Collaborative robots and intelligent machinery may have wowed the crowds at this year's Hannover Messe, but experts see German industry
19 April 2015, 18:00 PM