Australia's central bank sits tight in masterful inaction

Australia's central bank left interest rates at record lows on Tuesday, the longest stretch without a change in almost three decades, and looked set to extend this period of “masterful inaction” for some time yet.
3 April 2018, 18:00 PM

Trump rolls back Obama-era fuel efficiency rules

The Trump administration rolled back Obama-era pollution and fuel efficiency rules for cars and light trucks on Monday, saying they were too stringent.
3 April 2018, 18:00 PM

China bank plans to lend $64b for poverty relief projects

China Development Bank (CDB) plans to lend 400 billion yuan ($63.77 billion) this year to support poverty relief projects, the official Xinhua news agency said on Sunday.
1 April 2018, 18:00 PM

London firm revamps pay by letting staff set salaries

Against a backdrop in Britain of gender pay gaps and ongoing disputes over executives' earnings, employees at one London company are helping each other set salaries.
1 April 2018, 18:00 PM

Trump attacks Amazon, again, over US postal rates

US President Donald Trump launched his second attack in a week on Amazon.com Inc on Saturday, accusing the world's biggest online retailer of getting unfairly cheap rates from the US Postal Service and not paying enough tax.
1 April 2018, 18:00 PM

India moots duties on key smartphone component

India is exploring new duties on the import of a key smartphone component, according to two government sources, the latest in a series of moves aimed at boosting domestic manufacturing in the world's second-biggest smartphone market.
1 April 2018, 18:00 PM

Toyota, Suzuki to produce cars for each other in India

Toyota Motor Corp and Suzuki Motor Corp agreed on Thursday to produce cars for each other in India as Toyota aims to increase its market share in the world's fifth-largest passenger car market.
29 March 2018, 18:00 PM

US economy grows fast in Q4

The US economy grew significantly faster at the end of 2017 than previously reported, as consumer spending hit a three-year high and business investment rose, the government reported Wednesday.
29 March 2018, 18:00 PM

India rice prices rise on muted supply

Rice export prices rose in India this week on limited supply and improved demand, while a lack of fresh overseas interest weighed on the staple market in Thailand.
29 March 2018, 18:00 PM

Japan's aluminum industry calls for US to scrap import tariffs

Japan's aluminum industry on Thursday called for the United States to scrap import tariffs on aluminum, claiming that they are against international rules and pose a serious problem for the industry and global trade and economic growth.
29 March 2018, 18:00 PM

India allows sugar export to clear dues of cane farmers

The Indian government on Wednesday gave go-ahead to the export of two million tonnes of sugar until the end of the 2017-18 marketing year.
29 March 2018, 18:00 PM

Malaysia foils illegal fund transfer attempts

Malaysia's central bank said yesterday it had detected and foiled an attempted cyber attack and efforts to transfer funds without authorization using falsified SWIFT messages.
29 March 2018, 18:00 PM

Indian billionaire proposes funding Facebook rival

w3school.comAn Indian billionaire who promised to help fund a rival to Facebook said Wednesday he had been "overwhelmed" with the response as the world grapples with concerns about data privacy.
28 March 2018, 18:00 PM

Azevedo sees no sign of US walking away from WTO

There is no sign that the United States is distancing itself from the World Trade Organization, and negotiations are underway to avert a global trade war, WTO Director-General Roberto Azevedo said in a BBC interview broadcast on Wednesday.
28 March 2018, 18:00 PM

On China trade clash, Wall Street embraces Trump's poker face

To Wall Street money managers who make bets for a living, US President Donald Trump's aggressive stance against China on trade looks like a high-stakes poker hand - but they believe they can play it for all it's worth.
28 March 2018, 18:00 PM

BMW sued in US over diesel emissions

German luxury carmaker BMW has been sued in the United States over "defeat devices" installed in tens of thousands of vehicles in order to cheat diesel emissions tests, lawyers for the plaintiffs said Tuesday.
28 March 2018, 18:00 PM

In South Korea, US cars are rare, and often German or Japanese

The United States and South Korea have agreed to revise a trade pact with a side deal to deter competitive currency devaluation by Seoul and with concessions for US autos and pharmaceutical companies, Trump administration officials said on Tuesday.
28 March 2018, 18:00 PM

Saudi Arabia to create world's biggest solar power firm

SoftBank Group Corp's Vision Fund will invest in creating the world's biggest solar power project in Saudi Arabia, it said on Tuesday, stepping up its involvement in the kingdom and expanding beyond technology.
28 March 2018, 18:00 PM

German consumers more positive in April: survey

German consumers' outlook is brighter for April after wavering in March, a regular survey published Wednesday found, regaining confidence in the country's economic strength.
28 March 2018, 18:00 PM

Oracle's big-money case against Google gets new life

An appeals court on Tuesday gave Oracle another shot at wringing billions of dollars from Google in a keenly watched legal battle over the use of freely available Java software code.
28 March 2018, 18:00 PM