Toshiba CEO says newfound accounting errors not huge

The head of scandal-tarred Toshiba Corp said on Monday the company has found a half-decade's worth of new accounting problems forcing it to further delay closing its books but that it does not expect a big impact on its projected results.
31 August 2015, 18:00 PM

World prepared for Fed rate hike

Central bankers from around the world are telling their American counterparts that they are ready for a US interest rate hike and would prefer that the Federal Reserve make the move without further ado.
31 August 2015, 18:00 PM

Why China's share slump affects the world

A slump in Chinese shares has prompted stock markets across Asia, Europe and the US to fall sharply. Why is this so significant?
31 August 2015, 18:00 PM

Half of UK manufacturers worried by China

Just under half of British manufacturers are worried by the possibility of a sharp slowdown in China's economy and one in 10 are reviewing their business plans, a survey from an industry group showed on Sunday.
31 August 2015, 18:00 PM

Oil falls back below $49

Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply glut and renewed concern about a hard landing for China's economy.
31 August 2015, 18:00 PM

Citi to boost equities franchise amid industry shakeout

Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according people familiar with the bank's plans.
31 August 2015, 18:00 PM

Indian economy offers hope as China struggles

For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter.
31 August 2015, 18:00 PM

Fiat Chrysler to give up on GM deal

It would be "unconscionable" for Fiat Chrysler Automobiles not to pursue a merger with rival General Motors and create a company that can generate $30 billion a year in cash, FCA chief Sergio Marchionne said in a newspaper interview.
31 August 2015, 18:00 PM

India plans to amend RBI Act by Feb to set up monetary panel

The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, retiring Finance Secretary Rajiv Mehrishi told Reuters.
31 August 2015, 18:00 PM

India's economic growth slows to 7%

India's economy grew at an annual rate of 7% between April and June, official figures have shown.
31 August 2015, 14:14 PM

Syngenta may seek partners: chairman

Syngenta AG may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto Co, the agrichemicals group's chairman told a Swiss newspaper.
30 August 2015, 18:00 PM

Chinese tourists unfazed by currency fall, market turmoil

China's currency devaluation and slowing economy have caused enormous turmoil in world financial markets, but they have not really bothered tourists like Henry Lee.
30 August 2015, 18:00 PM

Suzuki Motor says it will buy back VW stake as court settles feud

Japan's Suzuki Motor Corp said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership.
30 August 2015, 18:00 PM

DBCCI to explore trade, investment opportunities in Benelux region

A 14-member business delegation of Dutch-Bangla Chamber of Commerce and Industry (DBCCI) will visit the Benelux region—Belgium, the Netherlands, and Luxembourg—from September 6-12 to explore fresh trade and investment opportunities for Bangladesh.
30 August 2015, 18:00 PM

After Uber, meal-sharing sites under fire in France

First taxis rose up against Uber, then hotels challenged Airbnb and now, restaurants in France are taking on meal-sharing sites they believe create unfair competition and could sap jobs.
29 August 2015, 18:00 PM

Japan inflation flat, household spending slips in blow to Abenomics

Japanese inflation fell back to zero in July while household spending dropped again, official data showed on Friday, as a slowdown in China threatens Japan's already precarious economic picture.
29 August 2015, 18:00 PM

Messaging app Line says still considering IPO

Popular Japanese messaging app Line said Friday it was still considering plans for an initial public offering, after a report said it had shelved the sale for a second year in a row.
29 August 2015, 18:00 PM

IMF's Lagarde says restructuring should suffice for Greek debt

A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.
29 August 2015, 18:00 PM

Vodafone India joins 4G race, to launch services by year end

Vodafone India said on Friday it would launch fourth-generation (4G) mobile phone services in the country by the end of the year, joining rival Bharti Airtel in offering faster data services.
29 August 2015, 18:00 PM

Capital flew out of emerging economies in August

Capital streamed out of emerging-market economies in August as panicky investors dumped equities to the tune of $8.7 billion, according to data from the Institute of International Finance.
29 August 2015, 18:00 PM