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Trump says open to bilateral Canada, Mexico pacts if Nafta talks fail

US President Donald Trump said on Wednesday he was open to bilateral trade pacts with either Canada or Mexico if a three-way deal cannot be reached to substantially revise the North American Free Trade Agreement.
12 October 2017, 18:00 PM

US services growth hits 12-year record

Growth in the US services sector, a key driver of the American economy, hit a 12-year high last month in the wake of back-to-back hurricanes, a survey released Wednesday showed.
5 October 2017, 18:00 PM

Linde urges investors to exchange shares for Praxair merger

German industrial gases group Linde urged investors to tender their shares in an exchange offer for its planned $80 billion merger with US peer Praxair as a deadline approaches to reach 75 percent acceptance.
5 October 2017, 18:00 PM

Oil steady as talk of new Opec deal balances US exports

Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record US exports and the return of supply from a Libyan oilfield dragged on the market.
5 October 2017, 18:00 PM

London mayor welcomes Uber boss' humility after licence loss

London Mayor Sadiq Khan welcomed the humility shown by Uber's chief executive after the city stripped the taxi app of its licence to operate, but once again criticised the company's London management on Thursday.
5 October 2017, 18:00 PM

UK car sales skid in September

Political and economic uncertainty, not least from Brexit, sent sales of new cars in Britain falling sharply in September, a key month for the industry, data showed on Thursday.
5 October 2017, 18:00 PM

India considering exemptions sought by Apple to set up assembly plant

The Indian government is considering exemptions sought by Apple Inc for setting up a unit to assemble iPhones, Ramesh Abhishek, the top bureaucrat in the Department of Industrial Policy and Promotion, said on Thursday.
5 October 2017, 18:00 PM

Saudi Aramco IPO on track for 2018

A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow on Thursday, as Saudi Arabia gears up to sign a string of investment agreements with Russia.
5 October 2017, 18:00 PM

Job fair offers hope for Syria refugees in Jordan

After five years without work, Syrian refugee Mohammed Ahmad was nervous but hopeful as he registered with as many firms as possible at a unique job fair in Jordan's sprawling Zaatari camp where he lives.
5 October 2017, 18:00 PM

New boss of SBI promises to tackle bad debt, seize opportunities

Tackling bad debts is the priority for State Bank of India, its newly appointed chairman said on Thursday, but India's largest bank will not shy away from opportunities to grow, including in infrastructure lending.
5 October 2017, 18:00 PM

Sri Lanka rejects Chinese request for local fuel sales

Sri Lanka has blocked a proposal by Chinese firms bidding to build the island's biggest oil refinery to sell fuel locally, fearing a threat to domestic firms that dominate the small but growing market.
4 October 2017, 18:00 PM

Wider benefits seen in trade deals, challenging Trump-style mercantilism

International trade deals have real benefits for small firms' competitiveness and regional integration, the International Trade Centre (ITC) said on Wednesday in research challenging US President Donald Trump's “America First” policies.
4 October 2017, 18:00 PM

World Bank raises 2017, 2018 East Asia growth forecasts

The World Bank raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018, but added the generally positive outlook was clouded by risks such as rising trade protectionism and geopolitical tensions.
4 October 2017, 18:00 PM

Oppo cleared to open own stores in India

India has approved smartphones maker Oppo's request to open single-brand retail stores in the country, paving the way for the Chinese firm to sell directly to consumers and add to its existing wholesale business.
4 October 2017, 18:00 PM

EU hammers Amazon, Apple over taxes

The EU turned the screw on US tech giants Wednesday, ordering Amazon to repay Luxembourg 250 million euros in back taxes and taking Ireland to court for failing to collect billions from Apple.
4 October 2017, 18:00 PM

Japan's economy sees output exceed capacity the most in 9yrs

Japan's economy saw output exceed full capacity by the most in nine years in the April-June quarter, a Bank of Japan estimate showed, a positive sign for the central bank as it seeks to accelerate inflation to its elusive 2 percent target.
4 October 2017, 18:00 PM

Bank of England talking up sterling to fight inflation: S&P

Ratings agency Standard & Poor's said it was “a bit skeptical” that Britain's economy needed an interest rate increase soon and comments from the Bank of England that a hike might be nearing seemed designed to push up sterling and cool inflation.
4 October 2017, 18:00 PM

RBI keeps repo rate unchanged but frees up more liquidity

The Reserve Bank of India (RBI) kept its policy rate steady at a near seven-year low of 6 percent on Wednesday despite a sharp slowdown in economic growth, after a surge in inflation that threatened the central bank's target.
4 October 2017, 18:00 PM

Last Australian-made Toyota rolls off production line

The last Australian-made Toyota rolled off the production line Tuesday, ending over five decades of manufacturing by the Japanese firm as the once-booming local car-making industry grinds to a halt.
3 October 2017, 18:00 PM

Reliance Industries makes first purchase of US crude

Reliance Industries Ltd has purchased crude oil cargoes from the United States for the first time, drawn by the lower price for US oil versus global benchmarks, three trade sources said on Tuesday.
3 October 2017, 18:00 PM