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Qatar crisis to speed the rise of Asia's spot LNG trade

Qatar's isolation by other Arab nations has dealt a strong hand to Japanese utilities in talks reviewing long-term gas contracts with the top LNG exporter, likely accelerating a shift to a more openly traded global market for the fuel.
12 June 2017, 18:00 PM

Saudi to limit July oil volumes to Asia, slash US supply

Saudi Arabia, the world's top oil exporter, will limit volumes of crude to some Asian buyers in July and deepen cuts in allocations to the United States, industry sources with knowledge of the matter said on Monday.
12 June 2017, 18:00 PM

Greek debt deal not far: French finance minister

A deal on debt relief for Greece is "not far," France's new finance minister Bruno Le Maire said Monday ahead of crunch eurozone talks on the issue on Thursday.
12 June 2017, 18:00 PM

Qatar Central Bank says operating normally despite crisis

Qatar's Central Bank said on Monday banking transactions at home and abroad were continuing normally despite the diplomatic crisis which has seen several Gulf countries sever ties with the emirate.
12 June 2017, 18:00 PM

Gulf crisis threatens Qatar Airways transit business: experts

Qatar Airways has made Doha a global hub in just a few years, but barring it from Gulf states' airspace threatens its position as a major transcontinental carrier, experts say.
12 June 2017, 18:00 PM

Toshiba to pay $3.7b to keep building US reactors

Toshiba Corp will contribute $3.68 billion to continue building two nuclear reactors in the US state of Georgia, enabling the completion of a plant project begun by the Japanese conglomerate's now-bankrupt nuclear unit.
10 June 2017, 18:00 PM

Hong Kong wealth gap hits 46-year high

Hong Kong's wealth gap was on Friday revealed to be at its highest in nearly 50 years, with living conditions fuelling discontent in the city as it prepares to mark two decades under Chinese rule.
10 June 2017, 18:00 PM

Indian regulator says Reliance Jio telecom offers not anti-competitive

India's anti-trust regulator said on Friday offers for free voice and data from Reliance Jio Infocomm, a unit of Reliance Industries, did not amount to anti-competitive actions, rejecting a complaint by rival Bharti Airtel.
10 June 2017, 18:00 PM

Mexico to Merkel: we want significant increase in trade

Mexican President Enrique Pena Nieto told German Chancellor Angela Merkel Friday he wants a significant increase in trade with the European Union, vowing to complete a new trade deal by year's end.
10 June 2017, 18:00 PM

Growing supply glut threatens worse to come for restive Indian farmers

Bountiful monsoon rains are unlikely to lift India's rural economy this year, and may instead compound the woes of millions of debt-ridden farmers who are struggling with low prices amid a glut of produce such as lentils, oilseeds and cereals.
10 June 2017, 18:00 PM

Costs of bank cyber thefts hit SWIFT profit last year

Dealing with cyber hacks on banks ate into profit last year at the SWIFT messaging system, which financial institutions use to move trillions of dollars each day.
10 June 2017, 18:00 PM

Apple's Cook tells MIT graduates – temper technology with humanity

APPLE CEO Tim Cook on Friday warned graduates at MIT, a pioneer in fields like computers and robots, about technology's dehumanizing aspects and urged them to infuse its development with their own values.
10 June 2017, 18:00 PM

UAE blacklist likely to squeeze liquidity of Qatari banks

A move by four Arab states to blacklist dozens of figures with alleged links to Qatar could squeeze liquidity at Qatari banks which get a significant amount of their funding from the region.
10 June 2017, 18:00 PM

China urges banks to devolve loan approval responsibility

China's banking regulator has urged lenders to devolve responsibility for loan approvals in order to boost credit to small and micro businesses, but also emphasized that risks need to be kept under control.
10 June 2017, 18:00 PM

WTO largely backs Boeing in trade row, faults tax break

The World Trade Organization largely cleared the United States of maintaining unfair support for Boeing Co, but said it had failed to withdraw a tax break in its main planemaking state that continues to cause trade fireworks.
10 June 2017, 18:00 PM

Uber woes mount ahead of workplace probe report

Uber has parted ways with another top executive, in the latest dent to the reputation of the ridesharing giant as it prepares to release the results of a probe into workplace misconduct.
10 June 2017, 18:00 PM

China tightens grip on yuan to head off economic risks

In rapid fire moves that have stunned investors, Chinese authorities have begun tightening control over the yuan, lifting it sharply in a concerted effort to restore market confidence and forestall risks of capital outflows and slower growth, policy insiders say.
10 June 2017, 18:00 PM

World food prices climb in May

Global food prices rose in May from the month before after three months of decline, and the world's food import bill is set to jump in 2017, the United Nations food agency said on Thursday.
8 June 2017, 18:00 PM

Asian currencies edge down on caution ahead of risk events

Asian currencies edged lower on investor caution ahead of major occurrences such as the British general election result, the European Central Bank's policy meeting, and Senate testimony from ex-FBI director James Comey due in the coming 24vhours.
8 June 2017, 18:00 PM

Gold discounts widen in India

Demand for gold in Asia was muted this week as the bullion's rebound in prices curbed purchases, with discounts in India widening to the highest in more than five months.
8 June 2017, 18:00 PM