Dutch to tighten tax rules for multinationals

The Netherlands said it will tighten rules on tax breaks for foreign firms after facing criticism from the EU for offering complicated schemes for multinationals.
28 November 2018, 18:00 PM

Bitcoin gains

Bitcoin bounced more than 6 percent on Wednesday, climbing above $4,000 and heading for its biggest daily jump since July as it clawed back ground after recent heavy selling.
28 November 2018, 18:00 PM

Unilever to bid for GSK's Indian Horlicks business

Unilever PLC has emerged as the leading bidder in a tight contest for GlaxoSmithKline PLC's Indian Horlicks nutrition business, two people familiar with the situation told Reuters on Wednesday.
28 November 2018, 18:00 PM

S Arabia nabs new China oil demand, challenges Russia's top spot

SAUDI Arabia is set to expand its market share in China this year for the first time since 2012, with demand stirred up by new Chinese refiners pushing the kingdom back into contention with Russia as top supplier to the world's largest oil buyer.
28 November 2018, 18:00 PM

Auditor had questioned payments to Ghosn

Nissan Motor Co's auditor had repeatedly questioned transactions at the heart of allegations of financial misconduct by former chief Carlos Ghosn but Nissan said they were proper, a person with direct knowledge of the matter said on Wednesday.
28 November 2018, 18:00 PM

Trump open to deal with Xi but with conditions

US President Donald Trump is open to reaching a deal on US-China trade irritants over dinner on Saturday with Chinese leader Xi Jinping but is ready to hike tariffs on Chinese imports if there is no breakthrough, White House economic adviser Larry Kudlow said on Tuesday.
28 November 2018, 18:00 PM

Ericsson sees 5G subscriptions hitting 1.5b in 2024

Swedish mobile network telecom gear maker Ericsson sees 5G subscriptions growing by 50 percent in 2024 to 1.5 billion, covering more than 40 percent of the world's population.
27 November 2018, 18:00 PM

Citibank NA celebrates 30th anniversary

Citibank NA recently celebrated its 30th anniversary of providing financial services and product solutions across an Institutional Clients Group in Bangladesh, says a press release.
27 November 2018, 18:00 PM

H&M to close down struggling Cheap Monday brand

H&M, the world's second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday.
27 November 2018, 18:00 PM

HSBC warms up to India ahead of general polls

Brokerage firm HSBC upgraded Indian equities to “neutral” from “underweight” on Tuesday, saying valuations were more reasonable, investors' holdings were very low and strong earnings growth would continue next year.
27 November 2018, 18:00 PM

Saudi Aramco aims to become gas exporter with $150b investment drive

Saudi Aramco's gas expansion strategy needs $150 billion worth of investments over the next decade as the company plans to increase output and become an exporter, its chief executive said on Tuesday.
27 November 2018, 18:00 PM

From superstar to suspect: Carlos Ghosn's crazy week

When Carlos Ghosn's private Gulfstream jet touched down at Tokyo's Haneda Airport at around 4:35pm on Monday, November 19, the millionaire auto tycoon had an unexpected welcoming committee: an elite unit of prosecutors.
27 November 2018, 18:00 PM

Financial firms not getting basics right on cyber: UK watchdog

Britain's Financial Conduct Authority will punish firms that are failing to get the basics right on cyber defences, or whose botched IT projects harm consumers, a senior official at the markets watchdog said on Tuesday.
27 November 2018, 18:00 PM

Oil slips on record Saudi output

Oil prices slipped on Tuesday, weighed down by record Saudi Arabian production even as OPEC's top producer pushes for supply cuts ahead of the group's meeting in Austria next week.
27 November 2018, 18:00 PM

Wave of refinery shutdowns may push India into importing fuel

A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels.
27 November 2018, 18:00 PM

Ex-IMF chief Rato in dock again in major Bankia trial

A mega-trial harking back to the dark years of Spain's economic crisis kicks off Monday over the alleged fraudulent 2011 listing of financial giant Bankia, with former IMF leader Rodrigo Rato in the dock.
25 November 2018, 18:00 PM

China's economic growth seen slowing to 6.3pc next year

China's economic growth is expected to hit 6.6 percent this year and slow to 6.3 percent in 2019 as the country struggles with challenges relating to trade and structural reform, economists from Beijing's Renmin University said in a report.
25 November 2018, 18:00 PM

Ex-Nissan chief Ghosn denies allegations

Nissan's former chairman Carlos Ghosn has denied allegations of financial misconduct, claiming he had no intention of making false reports, Japanese media said Sunday.
25 November 2018, 18:00 PM

Malaysia says Najib's office ordered changes to 1MDB audit report

The office of former Malaysian premier Najib Razak ordered changes to a 2016 audit report of scandal-plagued state fund 1MDB, including removing mention of financier Low Taek Jho's presence at a board meeting, authorities said.
25 November 2018, 18:00 PM

Egypt says US oil firms show appetite for offshore projects

Egypt sees increasing interest from US energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due before year-end, Petroleum Minister Tarek El Molla said.
25 November 2018, 18:00 PM