US firms warn next China tariffs to cost Americans from cradle to grave

A broad cross-section of US businesses has a message for the Trump administration: new tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to coffins.
20 August 2018, 18:00 PM

Apple removes illegal lottery apps from China store

Apple Inc says it has pulled illegal lottery apps from its App Store in China amid tightening regulation and a barrage of criticism from state media.
20 August 2018, 18:00 PM

Turkish lira crisis poses additional risk to German economy: finance ministry

Turkey's currency crisis poses an additional risk to Germany's economy on top of trade frictions with the United States and the possibility of Britain leaving the European Union without a deal, the German finance ministry said on Monday.
20 August 2018, 18:00 PM

India's surging coal imports driven by captive power users

India's coal imports appear headed for another strong month in August, raising the question as to why the usually cost-sensitive market hasn't scaled back purchases given a surge in prices to the highest in nearly seven years.
20 August 2018, 18:00 PM

PepsiCo to buy SodaStream for $3.2b

PepsiCo said Monday it plans to buy SodaStream, an Israeli maker of carbonation products, for $3.2 billion as the beverage and snacks giant makes further inroads with in-home goods.
20 August 2018, 18:00 PM

Global luxury brands again chase China's young, rich and spendthrift

Global luxury brands from Prada to LVMH are investing in China for the first time since a crackdown on conspicuous spending five years ago, focusing on smaller, less developed cities even as the world's second-largest economy slows.
20 August 2018, 18:00 PM

Euro zone limping as global trade war escalates

More evidence that euro zone growth has slowed this year is likely to be seen on Thursday, when surveys are expected to show an escalating global trade war is hurting producers.
19 August 2018, 18:00 PM

Trump backs CEOs, proposes easing corporate reporting rules

US President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give
19 August 2018, 18:00 PM

Walmart asks beauty suppliers to consider sourcing outside China

Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.
19 August 2018, 18:00 PM

Iran says no Opec member can take over its share of oil exports

Iran told Opec on Sunday no member country should be allowed to take over another member's share of oil exports, expressing Tehran's concern about Saudi Arabia's offer to pump more oil in the face of US sanctions on Iranian oil sales.
19 August 2018, 18:00 PM

Falling rupee a double-edged sword for economy: analysts

India's rupee hit fresh record lows Thursday amid warnings that benefits to exporters from a weaker currency would be offset by the higher price paid by Asia's third-largest economy for oil.
19 August 2018, 18:00 PM

UK retail sales shine on heatwave, World Cup

British retail sales rebounded in July, official data showed Thursday, as the food sector won a major boost from sunny weather and the World Cup.
16 August 2018, 18:00 PM

US banks teach financial literacy with hands-on experience

Last year, Abbey Jones' high school routine had a twist. For 45 minutes each week, she became one of 15 student tellers at the Community Spirit Bank branch at Red Bay High School in Red Bay, Alabama.
16 August 2018, 18:00 PM

Hong Kong spends $2b to defend currency peg

Hong Kong's de facto central bank said Thursday it had bought up more than US$2 billion worth of local currency to maintain a long-held peg to the US dollar.
16 August 2018, 18:00 PM

Japan's trade surplus with US slumps in July

Japan's politically sensitive trade surplus with the United States shrank sharply in July, according to official data published Thursday, as
16 August 2018, 18:00 PM

Japan, South Korea steel exports to India surge on tariffs, high-end demand

India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after US President Donald Trump slapped an import duty on the alloy earlier this year.
16 August 2018, 18:00 PM

India's oil import bill soars on rupee fall

The sharply falling value of the Indian rupee vis-a-vis the US dollar will push up the country's crude oil import bill by about $16 billion in the 2018-19 financial year, officials said yesterday.
16 August 2018, 18:00 PM

If rupee slump persists, it can hurt Modi

The rupee's plunge to a record low has worried a wide cross-section of India's society: companies, importers, those going on vacation and students planning to study overseas.
16 August 2018, 18:00 PM

Walmart e-commerce and comparable sales jump

Walmart Inc on Thursday reported a 40 percent rise in US e-commerce sales during the second quarter, faster than the previous quarter's 33 percent advance.
16 August 2018, 18:00 PM

Trump's latest boost to the dollar: US-Turkey spat

US President Donald Trump has repeatedly called for a weaker US dollar in a bid to help US exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the greenback.
16 August 2018, 18:00 PM