Pakistan's Japanese-dominated car market poised for new entrants

Pakistan's car market has been dominated by Japanese automakers for decades, but a mini-economic revival looks set to attract new players from Europe and Korea into the mix.
2 August 2015, 18:00 PM

Eyes on banks as Greek stock exchange to reopen

Attention will be focused on Greece's embattled banks on Monday when the Athens stock exchange reopens after a six-week shutdown over the country's debt crisis.
2 August 2015, 18:00 PM

Facebook now used by half of world's online users

Half of the world's estimated online population now check in to the social networking giant Facebook at least once a month.
30 July 2015, 13:00 PM

Microsoft launches much-awaited Windows 10

Microsoft Corp launched its much-awaited Windows 10 operating system at midnight on Wednesday.
29 July 2015, 18:00 PM

Panasonic three-month net profit soars more than 50pc

Japanese electronics giant Panasonic said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change as the electronics giant continues to reshape its business.
29 July 2015, 18:00 PM

Russia halts foreign currency purchases after ruble slides

Russia's central bank announced Wednesday it had halted its purchases of foreign currency on the back of a recent slump by the ruble.
29 July 2015, 18:00 PM

Japanese butter on the table in Pacific trade talks

Japan has been grappling with a severe butter shortage that critics say highlights a bigger problem with the country's protected agricultural sector, a key sticking point in high-profile trade talks this week in Hawaii.
29 July 2015, 18:00 PM

Little by little, Germans look beyond cash to shop

TOURISTS and business travellers visiting Germany are often surprised when they reach to pay for their beer, metro tickets or even a large restaurant bill that their credit cards are not welcome.
29 July 2015, 18:00 PM

Oil prices down in Asia

Oil prices were down in Asia Wednesday as investors awaited the result of a US central bank meeting and a closely-watched report on crude inventories in the world's biggest economy.
29 July 2015, 18:00 PM

China's Alibaba to invest $1b in cloud computing

Chinese e-commerce giant Alibaba will invest $1.0 billion in its cloud computing arm to expand its international presence, the company said Wednesday, as it looks outside its core business and beyond traditional markets.
29 July 2015, 18:00 PM

Nokia comes up with virtual reality camera

Finland's Nokia, once the world's largest phone maker, has unveiled a spherical camera designed for making 3D movies and games that can be watched and played with virtual reality headsets.
29 July 2015, 18:00 PM

GM to invest $1b in India, plans to double market share by 2020

General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday.
29 July 2015, 18:00 PM

Volkswagen overtakes Toyota in sales

Germany's Volkswagen became the world's biggest-selling vehicle maker in the first half of the year, overtaking Toyota for the first time.
28 July 2015, 18:00 PM

British economy bounces back in second quarter

Britain's economy accelerated in the second quarter of 2015, helped by rebounding services activity and industrial output, official data showed on Tuesday.
28 July 2015, 18:00 PM

Apple's fake factory' raided in China

A factory which allegedly made up to 41,000 fake Apple iPhones has been raided in China, with nine arrests.
28 July 2015, 18:00 PM

EU suspends sale of 700 generic drugs made in India

European Union nations have until August 20 to suspend the sale of some 700 generic drugs made in India, the EU's executive confirmed on Monday.
28 July 2015, 18:00 PM

Maruti Suzuki Q1 profit jumps 56pc

Maruti Suzuki India Ltd, India's top-selling carmaker, said on Tuesday first-quarter net profit rose 56 percent helped by lower costs, favourable foreign exchange rates and higher sales, but still missed bullish analyst estimates.
28 July 2015, 18:00 PM

Russian economy decline slows, but recovery elusive

The sharp decline in Russia's economy may have almost run its course, official data showed on Tuesday, slowed by a huge devaluation of the rouble and heavy government spending on anti-crisis measures.
28 July 2015, 18:00 PM

India to reinstate wheat import duty after big deals

India has decided to introduce an import duty of 10 percent on wheat after a gap of eight years, government sources said on Monday, after senior civil servants met to discuss ways to curb overseas purchases when domestic stocks are ample.
28 July 2015, 18:00 PM

US regulators fine Fiat Chrysler record $105m

The US auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines
27 July 2015, 18:00 PM