Global Business | The Daily Star
  • China sends written response to US trade reform demands

    China has delivered a written response to US demands for wide-ranging trade reforms, three US government sources said on Wednesday, a move that could trigger more formal negotiations to resolve a withering trade war between the world's top economies.

  • Indonesia surprises with rate hike after weak trade data

    Indonesia hiked interest rates again Thursday as weak trade data and a slumping currency prompted the central bank to boost borrowing costs for the sixth time this year.

  • Asia rice: Indian rates up on firmer rupee; Thai harvest to shore up stocks

    Rice prices in top-exporter India nudged higher this week as the rupee firmed, while Thai exporters eyed fresh demand from the Philippines amid expectations of an increase in seasonal supply.

  • Emirates’ half-year profit slides 86pc on oil hike

    Emirates Airline on Thursday posted an 86 percent drop in half-year profits as the Middle East's leading carrier was hit by a hike in oil prices and currency devaluations.

  • Swiss watchdog probes banks over alleged payments system boycott

    Switzerland's competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS, to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay.

  • UK business breathes sigh of relief at draft Brexit deal

    British businesses breathed a sigh of relief after the cabinet on Wednesday gave its backing to a draft Brexit deal that still faces numerous hurdles in Brussels and London.

  • Italy wants EU 'flexibility' over budget

    Italy's populist government said the EU must show flexibility over its big-spending budget because the country had to cope with a series of natural disasters, including floods and a deadly bridge collapse in Genoa.

  • IMF's Lagarde sees case for central bank digital currency

    With growing innovation in the financial sector and a move towards a cash-less society, there is a role for central banks to enter the world of digital currencies, IMF chief Christine Lagarde said Wednesday.

  • Labour woes force Japan to prise open door to migrant workers

    Ageing Japan is reluctantly attempting to prise open its doors to migrant workers as it battles serious labour shortages, raising the hackles of conservatives worried about mass immigration.

  • Kimberley Ho

    28-year-old Malaysian listed on Forbes 30 under 30

    A 28-year-old Malaysian entrepreneur has been listed under the Forbes 30 under 30 for her achievements in developing a non-toxic skincare line for children.

  • German investors gloomy in November

    German investor confidence remained gloomy in November, a closely watched survey found Tuesday, as headwinds from trade tensions and Brexit fuel concern of a "weak" outlook for Europe's powerhouse economy.

  • China October loan data disappoints

    China's credit growth slowed sharply in October, despite pressure by regulators on banks to help keep cash-starved companies afloat, pointing to further weakening in the economy in coming months.

  • Opec warns of 2019 oil glut

    Opec warned on Tuesday that an oil supply glut could emerge in 2019 as the world economy slows and supply from rival producers rises more quickly than expected, building a case for cutting output at a meeting next month.

  • Tata in active talks to buy majority stake in Jet Airways

    Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier.

  • Gas to overtake coal as second largest energy source by 2030: IEA

    Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.

  • Alibaba Singles' Day sales hit $10b in first hour

    Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles' Day on Sunday, up roughly 21 percent from last year's early haul of 57 billion yuan.

  • China-backed trade deal takes centre stage at summit as US retreats

    World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda.

  • UK economy picks up but slowdown looms before Brexit

    Britain's economy has grown at the fastest pace in nearly two years as strong exports and solid household spending offset slumping business investment, data showed Friday awaiting a Brexit deal.

  • China's factory gate inflation slips

    China's factory inflation eased in October owing to slackening demand and a trade war with the United States, while consumer price inflation held steady, official data showed Friday.

  • Apple iPhone X

    Quality issues hit iPhone X, MacBook

    Apple Inc said on Friday it had found some issues affecting some of its iPhone X and 13-inch MacBook pro products and said the company would fix them free of charge.

  • Russia clashes with Western oil buyers over new deals

    Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions.

  • India to sell 'enemy shares' of people who fled to Pakistan

    India's government is to sell more than $400 million worth of shares left behind by people who fled to Pakistan or China after wars with those countries.

  • Fed to reconsider 'stress capital buffer' plan: official

    Randal Quarles, head of supervision at the Federal Reserve, said on Friday the central bank would re-propose aspects of a bank capital rule known as the “stress capital buffer” due to industry concerns.

  • China's import expo logs $57.8b of deals

    Around $57.83 billion worth of deals were agreed for the year ahead at the China International Import Expo (CIIE), the official China Daily said on Saturday.

  • China launches aviation fuel index

    China National Aviation Fuel Group on Saturday launched the country's first aviation fuel consumption index aimed at providing a fresh gauge for the regional and national economic health of the world's second-largest economy.

  • Italy vows to keep euro despite Brussels standoff

    Italy will not leave the eurozone, populist Deputy Prime Minister Luigi Di Maio said on Friday, despite a standoff with Brussels over Rome's big-spending budget.

  • EU envoy heads to US to clarify trade deal plans

    The EU's top trade negotiator Cecilia Malmstrom heads to Washington next week in an effort to nail down the parameters of a US trade deal, with both sides at loggerheads over what should be included.

  • Dollar climbs toward 16-month high

    The U.S. dollar rose toward a 16-month high against the euro on Friday after the U.S. Federal Reserve kept interest rates steady and reaffirmed its monetary tightening stance, setting up for a fourth interest rate hike this year in December.

  • Dollar climbs toward 16-month high

    The U.S. dollar rose toward a 16-month high against the euro on Friday after the U.S. Federal Reserve kept interest rates steady and reaffirmed its monetary tightening stance, setting up for a fourth interest rate hike this year in December.

  • Amazon strikes deal with Apple to sell iPhones, iPads Inc on Friday said it would carry more Apple Inc products globally in time for the holiday shopping season, as the technology rivals put aside past differences to boost sales.