After years of global success, Reliance Industries faces oil shock at home

Reliance Industries, currently India's second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home market.
29 October 2018, 18:00 PM

To make more Ram trucks, Fiat Chrysler reconsiders Mexico

Fiat Chrysler Automobiles NV's new CEO is tired of being No. 3 in US pickup truck sales.
29 October 2018, 18:00 PM

HSBC profits up 28pc at $5.9b in Q3

Banking giant HSBC said on Monday that pre-tax profit rose 28 percent to $5.92 billion in the third quarter, boosted by "strong revenue growth" in its main global businesses.
29 October 2018, 18:00 PM

US firms face tariff-fuelled price hikes, labour shortages

US firms nationwide complain trade disputes with China and others are boosting the prices of key inputs, while they continue to face widespread labour shortages, the Federal Reserve said Wednesday.
25 October 2018, 18:00 PM

German business confidence slips on global uncertainty

A closely-watched survey of German businesses showed falling confidence Thursday, the Munich-based Ifo institute said, as the eurozone's largest economy faces gathering clouds over the single currency area.
25 October 2018, 18:00 PM

Deutsche Bank profits slump in third quarter

Profits at Germany's biggest lender Deutsche Bank tumbled in the third quarter, the group said Wednesday, but its chief executive said the long-troubled institution was on its way back to profitability.
24 October 2018, 18:00 PM

Saudi Arabia pledges $3b to Pakistan amid BoP crisis

Saudi Arabia on Tuesday pledged $3 billion to Pakistan as the South Asian country battles a balance of payment crisis, a statement from Islamabad said.
24 October 2018, 18:00 PM

Euro zone businesses hit brakes as trade war stalls growth

Euro zone business growth slowed much faster than expected this month, dragged down by waning orders that put a big dent in confidence, adding to evidence the bloc's halcyon days are behind it for now, a survey showed.
24 October 2018, 18:00 PM

A banker's woe: Chinese wealth may get harder to snag for global bankers

News of a foreign wealth manager being denied exit from China last week is raising concerns for global private banks, as they seek to tap trillions of dollars of wealth offshore in the face of Beijing's growing curbs on overseas investments and outflows.
24 October 2018, 18:00 PM

UK traders 'out of time' to cope with no-deal Brexit: govt audit

UK businesses have run out of time to prepare for the consequences of Britain leaving the European Union in March without an exit deal, a government audit showed on Wednesday.
24 October 2018, 18:00 PM

Boeing profits surge after tax settlement

Boeing's profits surged in the third quarter after a favorable US tax settlement, and the company raised some key annual projections on Wednesday as its order book stayed robust.
24 October 2018, 18:00 PM

IndiGo posts first loss as costs soar

Leading Indian airline IndiGo reported its first quarterly loss as a listed company Wednesday as rising oil costs and a weak rupee erode the profitability of India's carriers.
24 October 2018, 18:00 PM

Target's holiday shipping option beats Amazon, Walmart

Target Corp, aiming to one-up retail rivals during the upcoming US holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready for quick pick-up at local stores.
24 October 2018, 18:00 PM

Apple’s CEO takes aim at 'weaponisation' of user data

Apple Chief Executive Tim Cook said on Wednesday customer data was being “weaponized with military efficiency” by companies to increase profit.
24 October 2018, 18:00 PM

Japan PM heads to China looking for economic common ground

Japan's Prime Minister Shinzo Abe makes a rare trip to China this week hoping improved relations will lead to new economic partnerships, as the two countries come under US pressure on trade.
23 October 2018, 18:00 PM

Saudi signs $50b deals in oil, gas and infrastructure

Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said.
23 October 2018, 18:00 PM

European banks report easier lending

Banks in the 19-nation eurozone reported easing access to credit between July and September, European Central Bank data showed Tuesday as it nears the end of a massive economic stimulus programme.
23 October 2018, 18:00 PM

Oil falls

Oil prices dropped on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of US sanctions on Iran's crude exports that start next month.
23 October 2018, 18:00 PM

Pakistan PM seeks loans to reservice debts, investments

Pakistan is seeking loans from the International Monetary Fund (IMF) and friendly countries to reservice debt and shore up its economy, prime minister Imran Khan said on Tuesday.
23 October 2018, 18:00 PM

Wall Street greets bitcoin with interest and worry

Bitcoin may be the fraud of the century, depending on whom you believe, or it could be a gold mine for early adopters.
23 October 2018, 18:00 PM