Arab bloc won't discriminate against US firms in Qatar rift: sources

Four Arab countries that imposed sanctions on Qatar have told the United States that US companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said.
14 August 2017, 18:00 PM

India July wholesale inflation rate picks up for first time in five months

India's wholesale price inflation rate picked up in July after easing for four straight months, with food prices back on the rise.
14 August 2017, 18:00 PM

Robust China economic growth shows signs of fading in July

China's strong economic growth showed visible signs of fading in July as lending costs rose and the gravity-defying property market cooled, though activity levels generally remained solid, propped up by a year-long construction spree.
14 August 2017, 18:00 PM

Japanese shoppers open their wallets, raising hopes for sustained revival

Japan's cautious consumers are starting to loosen up, spending more on cars and home appliances and offering hope that domestic demand - and not just exports - will be strong enough to reflate an economy that has been sluggish for many years.
14 August 2017, 18:00 PM

US, Mexico, Canada to open talks on revising Nafta

US President Donald Trump will have the chance to turn a key campaign promise into reality with this week's start of official talks to renegotiate the North American Free Trade Agreement.
14 August 2017, 18:00 PM

Saudi budget deficit halves after reforms, oil rebound

Saudi Arabia's budget deficit halved in the first six months of this year, the finance ministry said Sunday, following sweeping spending cuts and a stabilisation in oil prices.
14 August 2017, 18:00 PM

India to import 25 tonnes of gold from South Korea duty-free

Indian traders are likely to import 25 tonnes of gold from South Korea in July and August, taking advantage of a recent tax change that allows importers to ship in gold without paying a 10 percent customs duty, industry officials told Reuters.
14 August 2017, 18:00 PM

Could Venezuela's debt crisis force regime change?

Venezuela might look bad right now with protests, scarce food and fraught political tensions. But it could soon get a lot worse, according to analysts, because of a debt emergency raising the specter of default.
14 August 2017, 18:00 PM

Investors ponder further shocks after North Korea jolt

After this week's war of words between the United States and North Korea triggered the biggest fall in global stocks since the US presidential election, investors are wondering what other off-radar shocks may be waiting to rock world markets.
14 August 2017, 18:00 PM

Titan sees up to 30pc rise in sales

Titan Co, India's biggest listed jeweller, expects its jewellery sales to rise by 20-30 percent in 2017/18 fiscal year ending March, as it plans to add more than two dozen retail stores to boost its presence in small towns, a senior company official said.
14 August 2017, 18:00 PM

Euro zone bond yields rise as Japan growth smashes forecasts

Euro zone government bond yields rose 3-4 basis points across the board on Monday, bouncing from recent lows following stronger-than-expected Japanese growth.
14 August 2017, 18:00 PM

Swiss franc falters on returning risk appetite

The Swiss franc posted its biggest daily drop against the US dollar in nearly three weeks on Monday as investor concern over geopolitical risks eased and Japan posted solid economic data.
14 August 2017, 18:00 PM

International travel to US drops for first time since 2009

The number of international visitors to the United States has dropped for the first time since 2009, as did their spending, the US Department of Commerce said.
13 August 2017, 18:00 PM

India's gold imports to rebound in 2017

India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas during the upcoming festive season, a leading refiner told Reuters.
13 August 2017, 18:00 PM

How money launderers used Commonwealth Bank of Australia

In a run-down mall in one of Sydney's biggest Chinese neighborhoods in 2015, 29-year-old Jizhang Lu showed up at the top-floor offices of a meat export company carrying a carrier bag stuffed with hundreds of thousands of dollars in cash.
13 August 2017, 18:00 PM

Uber, beset by scandal, faces battle over 'destructive' lawsuit

Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive,
13 August 2017, 18:00 PM

JC Penney hits record low on wider loss

JC Penney Co Inc's stock hit a life-low as sweeping store closures and a challenging retail environment drove the embattled department store chain to report a bigger-than-expected quarterly loss and took a toll on comparable sales.
13 August 2017, 18:00 PM

India pushes for monetary easing

India called on Friday for more monetary easing as it flagged risks to economic growth and budget targets, citing a series of disinflationary impulses weighing on Asia's third-largest economy.
12 August 2017, 18:00 PM

Saudi Arabia favours New York for Aramco listing despite risks

Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters.
12 August 2017, 18:00 PM

Modest rise in US consumer prices may delay Fed rate hike

US consumer prices rose slightly in July as higher food costs were partly offset by falling prices for a range of other goods, suggesting benign inflation that could persuade a cautious Federal Reserve to delay raising interest rates until December.
12 August 2017, 18:00 PM