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British economy fractionally picks up speed in Q3

Britain's economy picked up speed ever so slightly in the third quarter, official data showed on Wednesday, strengthening expectations for an interest rate hike next month.
25 October 2017, 18:00 PM

Japan bank CEO quits over claims of $2.2b in bad loans

The head of a government-backed Japanese bank said Wednesday he would quit in response to an internal probe that found wide-ranging misconduct involving some $2.2 billion in shady loans.
25 October 2017, 18:00 PM

Apple acquires New Zealand wireless charging company

Apple, which recently said it was including wireless charging in its latest iPhone X and iPhone 8 smartphones, has acquired New Zealand firm PowerbyProxi that designs wireless power products for consumers and industry.
25 October 2017, 18:00 PM

Visa quarterly profit rises 11pc

Visa Inc, the world's largest payments network operator, reported an 11 percent increase in fourth-quarter profit on Wednesday, driven by its purchase of Visa Europe and as more people made payments using its network.
25 October 2017, 18:00 PM

India's tightened consumer goods standards could hurt China imports

India is tightening quality controls for consumer and capital goods, officials say, a move that follows calls to curb cheap imports from China amid diplomatic tensions between the world's two most populous nations over their shared border.
18 October 2017, 18:00 PM

Gold slips

Gold slipped on Wednesday as the dollar strengthened amid speculation that the next US Federal Reserve chief may be a policy hawk.
18 October 2017, 18:00 PM

Bidding war heats up for $5b second Amazon HQ

It's the prize of a lifetime -- a $5 billion investment creating 50,000 well-paid jobs that everyone wants, but only one US city will get.
18 October 2017, 18:00 PM

Hiring not part of Alibaba pledge to create US jobs

Alibaba executive vice chairman Joseph Tsai said Tuesday he expects to boost US jobs by expanding the Chinese firm's e-commerce platform -- not by hiring American workers.
18 October 2017, 18:00 PM

Xi says China will continue to open its economy, deepen financial reforms

China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday.
18 October 2017, 18:00 PM

Dollar edges up

The dollar edged higher on Wednesday, as markets awaited further news on the possible appointment of a hawk as Fed chair and progress on US tax reforms.
18 October 2017, 18:00 PM

Catalonia independence push sparks tourism slump

Catalonia's independence push is taking its toll on the region's tourism industry, with revenues and hotel bookings down since a banned October 1 secession referendum that was marred by violence.
18 October 2017, 18:00 PM

Fiscal woes, Aramco IPO driving Saudi oil policy: analysts

Faced with dire economic straits due to low oil prices, Saudi Arabia is gearing up for deeper production cuts ahead of its massive Aramco share offering.
16 October 2017, 18:00 PM

Toyota to test self-driving, talking cars by about 2020

Toyota Motor Corp on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles.
16 October 2017, 18:00 PM

Internet controls could harm companies, isolate China: German ambassador

China's internet restrictions have struck a "new blow" against foreign companies working there, Germany's ambassador said on Monday, warning that such moves could undermine Beijing's political and commercial ties with the world.
16 October 2017, 18:00 PM

China economy to grow 7pc in second half: central bank

China's central bank governor said the economy could grow 7 percent in the second half of this year, accelerating from the first six months and defying widespread expectations for a slowdown.
16 October 2017, 18:00 PM

Pharma, medtech industries prepare for hard Brexit

Drugmakers and medical devices companies are drawing up plans to protect supply chains in case Britain crashes out of the European Union without a trade deal, and some small service businesses are already relocating to stay inside the bloc.
16 October 2017, 18:00 PM

HSBC names John Flint as next CEO

HSBC has appointed John Flint as its next chief executive the bank said on Thursday, sticking with a tradition of promoting company insiders to run the firm.
12 October 2017, 18:00 PM

Global oil market seen balanced in 2018: IEA

Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a steep rise in output, the International Energy Agency said on Thursday.
12 October 2017, 18:00 PM

Samsung scion fights back as legal appeal begins

The heir to South Korea's Samsung Group, convicted of bribing the country's former president, appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.
12 October 2017, 18:00 PM

Paris plans to banish all but electric cars by 2030

Paris authorities plan to banish all petrol- and diesel-fueled cars from the world's most visited city by 2030, Paris City Hall said on Thursday.
12 October 2017, 18:00 PM