India’s economic growth seen slipping in April-June

India’s economy likely expanded at its weakest pace in more than five years in April-June, a Reuters poll showed, as consumer demand and private investment weakened at a time global trade frictions have dampened business sentiment.
29 August 2019, 18:00 PM

S Korea Supreme Court orders retrial for Samsung heir

South Korea’s top court on Thursday ordered a new trial for Samsung heir Lee Jae-yong, who was convicted of offences including bribery and embezzlement in connection with the scandal that brought down former president Park Geun-hye.
29 August 2019, 18:00 PM

UK deadline looms for bank payouts over PPI scandal

Britons faced a crunch deadline Thursday to claim compensation for mis-sold insurance that is costing UK banks billions of pounds, while tarnishing their battered reputations further following several financial scandals.
29 August 2019, 18:00 PM

Oil giants shower Qatar with crown jewels in race for LNG prize

When Royal Dutch Shell wanted to buy a stake last year in a promising exploration block off South Africa, Total, the asset’s main shareholder, used its right to stymie the deal and acquired the share itself, only to sell it on to Qatar Petroleum.
29 August 2019, 18:00 PM

Tesla rolls out insurance in California

Tesla Inc said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles.
29 August 2019, 18:00 PM

German unemployment stable despite recession warning

Germany’s labour market remains robust, but is starting to feel the impact of a slowing economy, official data showed Thursday.
29 August 2019, 18:00 PM

New China tariffs a ‘job killer,’ US industry tells Trump

US President Donald Trump’s new tariffs on Chinese goods are a “job killer” that will slam consumers and could make a recession more likely, industry groups said Wednesday.
29 August 2019, 18:00 PM

China’s factory activity contracting

Factory activity in China is expected to have contracted for the fourth straight month in August, a Reuters poll showed, as the United States ratcheted up trade pressure and domestic demand remained sluggish.
29 August 2019, 18:00 PM

Google to move Pixel smartphone production to Vietnam

Alphabet Inc’s Google is shifting its Pixel smartphone production to Vietnam from China starting this year as it builds a cheap supply chain in Southeast Asia, the Nikkei business daily reported on Wednesday.
28 August 2019, 18:00 PM

UK employers want more staff, but fear shortages as Brexit nears

British employers plan to hire more staff even as they remain pessimistic about the economy in the run-up to Brexit, according to a survey published on Wednesday which showed no sign of a weakening of the strong labour market.
28 August 2019, 18:00 PM

US tech industry cool on Trump deal on France digital tax

A US trade group representing major technology firms on Tuesday denounced an agreement on France’s digital tax announced by Presidents Donald Trump and Emmanuel Macron that leaves the levy in place until a new international taxation plan takes effect.
28 August 2019, 18:00 PM

Rate cuts not enough to re-fire damp India housing market

India's liquidity-starved economy will restrain housing market activity and price rises in coming months and into 2020, according to a Reuters poll of property market experts who were skeptical aggressive interest rate cuts will revive it.
28 August 2019, 18:00 PM

Australia home building craters, prices promise some relief

Australian construction spending slid to its lowest in almost three years last quarter as a deepening downturn in home building spread to other sectors and posed a downside risk to growth across the economy.
28 August 2019, 18:00 PM

Fed rejects call to deny Trump rate cuts; Trump keeps up pressure

The US central bank on Tuesday rejected a call from a former Federal Reserve policymaker to counter President Donald Trump’s trade agenda by refusing to “play along” and denying the president the interest rate cuts he has demanded.
28 August 2019, 18:00 PM

Trump says China talks coming, Beijing calls for trade war resolution

The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and US President Donald Trump predicting a deal after markets fell in response to new tariffs from both countries.
26 August 2019, 10:32 AM

Fed was divided on rate cut, wanted to avoid appearing on path for more cuts

Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with US President Donald Trump.
22 August 2019, 18:00 PM

Auto companies in India cut more jobs

With India’s auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by Reuters.
22 August 2019, 18:00 PM

Macron says tech giants enjoy ‘permanent tax haven status’

French President Emmanuel Macron, who will defend a global tax on tech giants at this weekend’s G7 meeting, on Wednesday criticised a “crazy” system that gives firms a “permanent tax haven status”.
22 August 2019, 18:00 PM

Trump attacks Ford Motor for not backing fuel economy rollback

US President Donald Trump stepped up a series of attacks on automakers on Wednesday for not backing his administration’s plan to roll back Obama-era fuel efficiency rules, singling out Ford Motor Co in particular for backing a deal with California for stricter fuel economy standards.
22 August 2019, 18:00 PM

Yuan falls to fresh 11-year lows on trade war worries

China’s yuan fell to fresh 11-year lows on Thursday amid worries about the deepening Sino-U.S. trade war, despite support from major state-owned banks in both the spot and forwards markets.
22 August 2019, 18:00 PM