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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
Intel to spin off cybersecurity unit McAfee
US tech giant Intel announced plans Wednesday to spin off its cybersecurity operations as an independent company under the name McAfee.
8 September 2016, 18:00 PM
China imports break two-year losing streak in August
China's imports rose for the first time in nearly two years in August, figures showed Thursday, the 1.5 percent annual increase beating expectations in a positive sign for the world's second-largest economy.
8 September 2016, 18:00 PM
Super Mario's iPhone surprise fuels hopes for Nintendo
Nintendo Co's surprise announcement that its popular game franchise Super Mario Bros would debut on Apple Inc's new iPhone propelled its shares sharply higher on Thursday on hopes the firm had at last embraced mobile gaming.
8 September 2016, 18:00 PM
Apple unveils iPhone 7 but some still waiting for iPhone 8
Apple Inc unveiled an iPhone 7 with high-resolution cameras and no headphone jack at its annual launch event Wednesday, though the biggest surprise was the debut of a three-decade-old Nintendo game franchise, Super Mario Bros, on the smartphone.
8 September 2016, 18:00 PM
UK says sets up working group with India to prepare for post-Brexit trade
Britain has set up a trade working group with India to prepare for a future deal following Britain's exit from the European Union, trade minister Liam Fox said on Thursday.
8 September 2016, 18:00 PM
Reliance of smaller Chinese banks on interbank funds raises credit worries
A growing reliance by smaller Chinese banks on cheap short-term funds from bigger peers is raising the risk of a credit crunch and prompting regulators to push the banks towards more stable funding.
8 September 2016, 18:00 PM
Ukraine plans to deliver world's largest jet to China
Ukraine said on Wednesday it may deliver the world's largest jet -- originally developed for the Soviet Union's abandoned space shuttle programme -- to China within the next five years.
7 September 2016, 18:00 PM
Amazon to start restaurant deliveries in London
Amazon said it would start delivering meals from restaurants direct to customers in some parts of London, the newest entrant to an increasingly competitive market which includes Just Eat, UberEats and Deliveroo.
7 September 2016, 18:00 PM
Microsoft offers wide range of cloud services from UK datacentres
Microsoft Corp is introducing a complete set of cloud services from data centres in Britain, its second biggest market for cloud-based software after the United States, as demand for data localisation spreads across Europe and around the world.
7 September 2016, 18:00 PM
Euro zone countries issue long bonds to avoid shocks, but at a price
A push by some euro zone countries to issue debt that won't need repaying for many decades may come at a price - but for borrowers who lived through the bloc's 2010-2012 crisis, it's probably a price worth paying.
7 September 2016, 18:00 PM
India to focus reforms on tax, banks, infrastructure: Jaitley
India will press ahead with tax reforms, repairing the banking system and getting stalled infrastructure projects moving to drive growth, Finance Minister Arun Jaitley said on Wednesday, but it is not yet ready to sell off its state banks.
7 September 2016, 18:00 PM
China August forex reserves fall to lowest since 2011
China's foreign exchange reserves fell to the lowest since 2011 in August as the central bank intervened to support the yuan currency as it weakened to near-six year lows.
7 September 2016, 18:00 PM
Muhith backs taxes at all income levels
It should be compulsory for everyone with an income to pay taxes as it will create a culture of paying taxes and give a sense of pride among all, Finance Minister AMA Muhith said yesterday.
7 September 2016, 18:00 PM
Oil rises
Oil rose yesterday to pare some of the previous day's losses, partly thanks to a weaker US dollar, but the limited likelihood of a near-term agreement among the world's biggest exporters to rein in production kept gains in check.
7 September 2016, 18:00 PM
LG seeks to revive mobile arm with new V20 smartphone
LG Electronics Inc unveiled a premium smartphone on Wednesday that the South Korean firm hopes will help revive its money-losing mobile business, a major revenue contributor and key customer for components suppliers in the LG group.
7 September 2016, 18:00 PM
Economists trim 2017 Singapore growth forecast
Economists trimmed their forecasts for Singapore's growth in the third quarter and for next year while keeping their expectations for 2016 growth unchanged, a central bank survey showed on Wednesday.
7 September 2016, 18:00 PM