Bharti Airtel subsidiary selling stake in Bharti Infratel for up to $400m

Indian telecoms group Bharti Airtel Ltd has launched a sale of a 3.7 percent stake in tower arm Bharti Infratel Ltd for up to 25.52 billion rupees ($400 million), according to a deal term sheet.
8 August 2017, 18:00 PM

Indonesia's economy grows slower than expected

Indonesia's economy grew a slower-than-expected 5.01 percent in the second quarter as a dip in household consumption and a slowdown in key commodity prices hit the resource-rich country, data released Monday showed.
7 August 2017, 18:00 PM

Tesla seeks to raise $1.5b to fund Model 3 production

Tesla Inc said on Monday it intends to raise about $1.5 billion in a bond offering as the U.S. automaker seeks to ramp up production of its newest electric sedan, the Model 3.
7 August 2017, 18:00 PM

Oil slides from nine-week highs

Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from Opec and the United States.
7 August 2017, 18:00 PM

German industrial output drops unexpectedly

German industrial production declined in June, disappointing analysts' expectations, official data showed on Monday.
7 August 2017, 18:00 PM

Strong euro worries Europe's exporters

Some European exporters are beginning to worry about the strengthening euro which has rebounded from near parity with the dollar after Donald Trump's election, though analysts see little immediate risk to growth.
7 August 2017, 18:00 PM

Cash crisis pushes Libyans to virtual payments

When a cash crisis struck the war-torn North African country of Libya, many people were forced to queue for days to withdraw their savings. But electronic payments systems set up to tackle the dearth of cash have struggled to gain credibility amid accusations of abuse.
7 August 2017, 18:00 PM

China's July forex reserves hit $3.08tr

China's foreign exchange reserves rose more than expected in July to a nine-month high as tighter regulations and a weaker dollar curbed capital outflows.
7 August 2017, 18:00 PM

Saudi billionaire to invest $800m in Egypt tourism

Saudi Arabian billionaire Prince Alwaleed bin Talal is to invest more than $800 million in hotels in Egypt, the investment ministry in Cairo said on Monday.
7 August 2017, 18:00 PM

Gold prices dip

Gold prices edged lower on Monday, failing to gain support from a weaker dollar as investors digested sharp losses in the previous session and worried about further U.S. rate hikes.
7 August 2017, 18:00 PM

RBI behind curve on rate cuts, say frustrated Indian officials

Senior Indian government officials say the Reserve Bank of India should have cut interest rates more aggressively on Wednesday, signalling fresh tensions between New Delhi and the Mumbai-based central bank on how to revive economic growth and create jobs.
3 August 2017, 18:00 PM

Siemens confident even as big orders fall

German industrial conglomerate Siemens confirmed its full-year forecast Thursday, after a third quarter that saw revenues and profits increase even as large orders fell.
3 August 2017, 18:00 PM

Oil majors gushing in cash despite cheap crude

The prospect of crude remaining near the current $50 level is no longer a doomsday scenario for the world's oil majors whose latest earnings announcements show that cost-cutting lets them turn a profit even at these price levels.
3 August 2017, 18:00 PM

Paytm plans messaging service to rival WhatsApp

India's leading digital payments firm Paytm plans to launch a messaging service by the end of this month to compete with Facebook Inc's WhatsApp, a source familiar with the matter said on Tuesday.
2 August 2017, 18:00 PM

Chinese swoop in to buy Thai real estate

Mainland Chinese are snapping up more properties in Thailand for both personal and investment purposes, after being priced out of the market in big cities at home, developers in the Southeast Asian country said on Wednesday.
2 August 2017, 18:00 PM

Sri Lanka to divest luxury hotel firms after port sale

Sri Lanka Wednesday announced plans to sell off two state-owned luxury hotel companies following its billion-dollar privatisation of a loss-making port.
2 August 2017, 18:00 PM

Bitcoin splits, but clone off to slow start

Bitcoin's underlying software code was split on Tuesday, generating a new clone called "Bitcoin Cash," but the new virtual currency got off to a slow start due to lackluster support for its network.
2 August 2017, 18:00 PM

RBI becomes first central bank in Asia to cut rates this year

The Reserve Bank of India cut its main policy rate on Wednesday by a quarter percentage point to a more than 6-1/2 year low, saying a slump in inflation opened room for monetary easing, while pinning further action on upcoming economic data.
2 August 2017, 18:00 PM

Lack of dividend and loan growth take shine off StanChart

A failure to resume dividends and to grow its loans overshadowed a recovery in first half profits for Standard Chartered, pushing its shares 5 percent lower on Wednesday.
2 August 2017, 18:00 PM

South Asia becomes global LNG hotspot as Bangladesh enters market

South Asia, long a backwater for energy markets, is emerging as a hotspot for liquefied natural gas (LNG), with Pakistan and Bangladesh set to join India as major consumers, helping to ease global oversupply that has dogged this market for years.
2 August 2017, 18:00 PM