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India to renew labour law overhaul drive to boost jobs

Indian Prime Minister Narendra Modi's government is to make a renewed drive to overhaul labour laws, hoping to create millions of new jobs by making it easier to hire and fire, the labour ministry's top bureaucrat said on Thursday.
22 September 2016, 18:00 PM

Japan move shows limit of central bank powers

Japan's central bank has revealed yet another exotic weapon to generate growth, but sceptics say all it shows is that the armoury is empty and a long battle against deflation is being lost.
22 September 2016, 18:00 PM

Indonesia resumes cutting rates to boost growth

Indonesia's central bank cut its benchmark interest rate Thursday in a bid to boost sagging growth, given space to act thanks to the Fed's decision not to raise the cost of borrowing.
22 September 2016, 18:00 PM

British carmaker McLaren denies talks with Apple

British supercar maker McLaren said Wednesday it was not in talks with Apple about a possible acquisition by the US tech giant, denying a report in the Financial Times.
22 September 2016, 18:00 PM

Banks take up higher-than-expected 45.3b euros in cheap ECB loans

European lenders took up almost twice the amount of cheap loans that analysts had predicted in a second round of European Central Bank refinancing, according to data released Thursday.
22 September 2016, 18:00 PM

Oil jumps after surprise drop in US crude inventories

OIL prices jumped 2 percent on Wednesday after a surprisingly large drop in US crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output.
21 September 2016, 18:00 PM

US carrier Verizon starts taking orders for new Samsung Note 7 phones

US carrier Verizon Communications Inc has begun taking orders for Samsung Electronics Co Ltd's new Galaxy Note 7 smartphones, after having stopped sales of the device earlier due to fire-prone batteries.
21 September 2016, 18:00 PM

EU to scrap daily limits on mobile telecoms roaming

The European Commission said on Wednesday it would propose scrapping daily limits on mobile telecoms roaming following criticism of its initial idea to limit the amount of time consumers could use their phones abroad.
21 September 2016, 18:00 PM

Denmark eyes looming skills shortage as economy picks up

After a lacklustre recovery from the 2008 financial crisis, Denmark's central bank has warned that the labour market faces a squeeze as unemployment falls, the population ages and young people shun vocational jobs.
21 September 2016, 18:00 PM

India wants to add UAE, Saudi oil for strategic reserve

India is talking to the United Arab Emirates (UAE) and Saudi Arabia to fill half of the 1.5 million tonnes of the Mangalore strategic storage, along with Iranian crude, its oil minister said on Wednesday.
21 September 2016, 18:00 PM

Pocket change: Myanmar banks on mobile money

Carrying her wages in wads of cash across Myanmar was once a risky, onerous but unavoidable ritual for maid Khin Myint Oo. But now she just pings off a text to move the money to her children back home as mobile banking sweeps into a country whose people have for decades been locked out of basic financial services.
21 September 2016, 18:00 PM

Dollar gains after BOJ changes policy framework

The dollar jumped on Wednesday after the Bank of Japan altered its policy framework, and investors bought back the US currency ahead of the outcome of the Federal Reserve's policy meeting later in the session.
21 September 2016, 18:00 PM

Glaxo becomes seventh female-led FTSE 100 firm

British drugs giant GlaxoSmithKline on Tuesday promoted its consumer healthcare head Emma Walmsley to chief executive, a move which will make her the most powerful woman on the FTSE 100.
21 September 2016, 18:00 PM

Qatar budget will be back to near balance by 2018

Qatar's budget should be back to "near balance" by 2018, as it overcomes the shock waves from a global fall in energy prices, economists at Qatar National Bank have forecast.
21 September 2016, 18:00 PM

Almost 5,500 UK-based firms use European passporting: regulator

The 'passport' rights allowing 5,500 British-based financial firms to operate freely across the European single market are at stake, the country's financial watchdog has revealed in highlighting potential fallout from Brexit.
21 September 2016, 18:00 PM

India to fund eastern gas pipeline to kick-start growth

India's government will partly fund a $2 billion gas pipeline project linking five eastern states to help kick-start economic growth in a region that has trailed the rest of the country, the oil minister said on Wednesday.
21 September 2016, 18:00 PM

Asia sentiment hits five-quarter high as China, Brexit worries ease

Sentiment at Asian companies edged up to its highest level in five quarters in July-September, boosted by signs that China's economy is stabilizing and as concerns about Britain's move to exit the European Union recede, a Thomson Reuters/INSEAD survey showed.
21 September 2016, 18:00 PM

OECD sees growth flounder as globalisation stalls

Global economic growth will flounder this year and next at rates not seen since the financial crisis as the march of globalisation grinds to a halt, the OECD warned on Wednesday.
21 September 2016, 18:00 PM

Yen strengthens on scepticism about BOJ's new framework

The yen rebounded on Wednesday, with investors skeptical about whether the Bank of Japan's latest measures will be enough to generate inflation and many also cautious about the dollar before the Federal Reserve policy announcement.
21 September 2016, 18:00 PM

New Russian parliament faces tough economic times

A crushing victory for Russia's ruling party at parliamentary polls has been hailed as a big win for President Vladimir Putin -- but for the deputies elected it might just prove a poisoned chalice.
21 September 2016, 18:00 PM