China imports, exports down in September as growth cools

China’s imports and exports fell more than expected in September, official data showed Monday, as US tariffs and cooling demand at home and abroad hit trade in the world’s second largest economy.
14 October 2019, 18:00 PM

Pound resumes drop at start of key Brexit week

The British pound slid against the euro and dollar Monday, the start of a pivotal week for Britain and the European Union to strike a Brexit deal.
14 October 2019, 18:00 PM

UK sets date for first post-Brexit budget

Britain’s government is planning a first post-Brexit budget for November 6, one week after it expects the country to have left the European Union, finance minister Sajid Javid announced Monday.
14 October 2019, 18:00 PM

US to issue licences for supply of non-sensitive goods to Huawei

The United States will soon issue licences allowing some US companies to supply non-sensitive goods to China’s Huawei, the New York Times reported, as high-level officials from the two countries meet this week to resume trade talks.
10 October 2019, 18:00 PM

Fed members ‘more concerned,’ say recession risks rising

American central bankers have grown more fearful, saying a global slowdown and President Donald Trump’s trade wars could drag down hiring and the broader economy with it, meeting minutes showed Wednesday.
10 October 2019, 18:00 PM

UK economy shrinks but set to avoid recession

Britain’s Brexit-facing economy shrank in August, official data showed Thursday, but analysts say a better-than-expected July is expected to help it avoid recession.
10 October 2019, 18:00 PM

Trade wars lose US its competitiveness top spot

The United States fell to second place behind Singapore in the World Economic Forum’s flagship Global Competitiveness Report, with the slippage linked in part to President Donald Trump’s trade wars.
10 October 2019, 18:00 PM

India pursues China-led trade deal despite domestic opposition

India is pressing ahead with talks to join a China-led free trade pact, officials said on Thursday, despite the fears of some domestic producers that the country would be flooded with cheaper Chinese imports.
10 October 2019, 18:00 PM

OECD suggests ‘unified approach’ to break deadlock on digital tax

The OECD published Wednesday its suggestions for a “unified approach” on fairly taxing digital giants to break a deadlock in a dispute that has raised tensions between the United States and some EU allies.
10 October 2019, 18:00 PM

Now tomato prices go up in India

After onion, retail price of tomatoes shot up across India on Tuesday due to supply disruptions caused by heavy rains in key growing states.
9 October 2019, 18:00 PM

Multinationals face heftier tax hit in biggest overhaul for decades

Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules.
9 October 2019, 18:00 PM

UK debt burden to rocket under no-deal Brexit: think-tank

Britain's debt burden would jump to its highest level in 50 years if it leaves the EU without a deal, a leading think-tank warned Tuesday.
9 October 2019, 18:00 PM

Samsung flags 56pc fall in profit

Samsung Electronics said Tuesday it expected operating profits to drop more than 50 percent in the third quarter amid a continued slump in the global chip market.
9 October 2019, 18:00 PM

British firm Arm joins GM, Toyota for car chips

Arm Holdings, the British chip technology firm owned by Japan’s Softbank Group Corp, is joining with automakers General Motors Co and Toyota Motor Corp to establish common computing systems for self-driving cars, an effort the companies hope will speed development of the technology.
9 October 2019, 18:00 PM

Growth of global value chains stalls amid trade conflicts: WB

The growth of global value chains, a key driver of trade and poverty reduction in emerging market countries, has largely stalled in the past decade and is under threat from trade conflicts and emerging new technologies, the World Bank said on Tuesday.
9 October 2019, 18:00 PM

US economy likely to keep growing: Fed’s Powell

The American economy should continue its expansion, with strong jobs markets but with price pressures in check and inflation approaching the central bank’s target, Federal Reserve Chairman Jerome Powell said Tuesday.
9 October 2019, 18:00 PM

Sri Lanka central bank seen keeping rates on hold ahead of elections

Sri Lanka’s central bank will likely leave its key interest rates on hold at a policy review on Friday, after a 50-basis-point cut in August, a Reuters poll showed, ahead of presidential elections and as lower bank rates go into effect.
9 October 2019, 18:00 PM

German industrial production makes up ground in August

Industrial production in Europe’s powerhouse economy Germany saw a slight rebound in August, official data showed Tuesday, offering a bright spot amid external threats to the outlook.
9 October 2019, 18:00 PM

Investors get lost in Big Oil’s carbon accounting maze

Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, senior fund managers say.
9 October 2019, 18:00 PM

New IMF chief Georgieva says world suffering ‘synchronised slowdown’

Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said Tuesday.
9 October 2019, 18:00 PM