US jobless claims up slightly in tight market

First-time claims for US jobless benefits rose modestly last week but were still at historically low levels, pointing to the continued health of labor markets, government data showed Thursday.
22 March 2018, 18:00 PM

China blames US for staggering trade surplus as tariffs loom

China blamed US export restrictions for its record trade surplus with the United States, but expressed hope that a solution can be found to settle trade issues between the world's two biggest economies as US tariffs loom.
22 March 2018, 18:00 PM

China raises a key market interest rate, following Fed's move

China gingerly raised a key short-term interest rate on Thursday following the US Federal Reserve Bank's move overnight, in a symbolic reminder that Beijing is keeping an eye on global market trends even as it cracks down on financial risks at home.
22 March 2018, 18:00 PM

Prices of rice dip in Asia

Rice export prices slipped this week across most Asian hubs, with easing demand weighing on rates in India, and a peaking harvest hurting Vietnamese rates, although inquiries from Bangladesh could trigger fresh activity.
22 March 2018, 18:00 PM

Google boosts efforts to help news firms, with $300m

Google on Tuesday launched a new initiative, committing $300 million to help news publishers get more paid subscribers while stemming the flow of misinformation.
21 March 2018, 18:00 PM

In India, digital gold sellers hope trickle will become a rush

A digital revolution is reshaping India's $34 billion gold market, with smartphones, e-wallets and flexible investment schemes drawing new buyers into a business dominated by traditional, face-to-face transactions.
21 March 2018, 18:00 PM

Trump trade war biggest risk to world economy: German experts

US President Donald Trump's tariffs on steel and aluminium risk escalating into a threat to the international trading system, a highly-regarded group of German economists said Wednesday.
21 March 2018, 18:00 PM

UK jobless rate dips to 4.3pc

Britain's unemployment rate dipped in January, reverting to the lowest level since 1975 after a brief rise the previous months, official data showed on Wednesday.
21 March 2018, 18:00 PM

EU unveils digital tax targeting Facebook, Google

The EU unveiled Wednesday proposals for a digital tax that targets US tech giants, heaping more problems on Facebook after revelations over misused data of 50 million users shocked the world.
21 March 2018, 18:00 PM

Puma sets 2022 targets to lift profits, sales

German sportswear brand Puma expects to boost underlying sales by around 10 percent a year up to 2022 and bring its profitability closer to that of larger rivals Adidas and Nike, it said on Tuesday.
20 March 2018, 18:00 PM

UK inflation slows in Feb

British inflation was weaker than expected in February as the impact of the 2016 Brexit vote faded, easing some of the squeeze on households' spending power but doing little to change bets on a Bank of England rate rise in May.
20 March 2018, 18:00 PM

G20 pushes for free trade as US vows to defend national interest

World financial leaders pleaded for an endorsement of free trade on Monday amid worries about US metals tariffs and looming trade sanctions on China, but Trump administration officials said they would not sacrifice US national interests.
20 March 2018, 18:00 PM

India scraps export duty on sugar to lift local prices

The Indian government yesterday withdrew the 20 percent export duty on sugar in a bid to boost sales abroad and lift domestic prices amid surplus production in the world's second largest producer of the sweetener.
20 March 2018, 18:00 PM

US to accept metals tariffs exclusion requests from today

The US Commerce Department said it will begin accepting requests from today for product exclusions from President Donald Trump's
18 March 2018, 18:00 PM

US Fed to raise rates with trade tensions on horizon

The Federal Reserve this week will fire the opening salvo in a series of interest rate hikes this year, hoping to get out in front of an expected pickup in inflation.
18 March 2018, 18:00 PM

Australia, Southeast Asian summit ends with rebukes against trade protectionism

The leaders of Australia and Singapore closed a regional summit on Sunday with a stand against protectionism, arguing in favour of multi-nation trade deals as fears mount that US plans for new tariffs could stoke a global trade war.
18 March 2018, 18:00 PM

Zara and H&M shore up defences as internet threatens

Logistics investments, new technology... Faced with fierce online competition from the likes of Amazon, affordable fashion giants Zara and H&M are shoring up their defences, trying to use their stores to boost internet sales.
18 March 2018, 18:00 PM

Merkel, Xi agree to work on steel overcapacity within G20

German Chancellor Angela Merkel and Chinese President Xi Jinping discussed overcapacity in world steel markets and agreed on Saturday to work on solutions within the framework of the G20 group of industrialised nations, Merkel's spokesman said.
18 March 2018, 18:00 PM

New German finance ministry pushes free trade at G20 meeting

Germany's new finance minister Olaf Scholz warned on Sunday that protectionism could harm future economic prospects and said Germany would continue talks to dissuade the United States from imposing planned punitive steel and aluminium tariffs.
18 March 2018, 18:00 PM

Abu Dhabi awards France's Total stakes in oil concessions

Abu Dhabi state energy company ADNOC said Sunday it had awarded French oil giant Total stakes in two offshore oil concessions, as it looks to boost production by year's end.
18 March 2018, 18:00 PM