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India to import 25 tonnes of gold from South Korea duty-free

Indian traders are likely to import 25 tonnes of gold from South Korea in July and August, taking advantage of a recent tax change that allows importers to ship in gold without paying a 10 percent customs duty, industry officials told Reuters.
14 August 2017, 18:00 PM

Could Venezuela's debt crisis force regime change?

Venezuela might look bad right now with protests, scarce food and fraught political tensions. But it could soon get a lot worse, according to analysts, because of a debt emergency raising the specter of default.
14 August 2017, 18:00 PM

Investors ponder further shocks after North Korea jolt

After this week's war of words between the United States and North Korea triggered the biggest fall in global stocks since the US presidential election, investors are wondering what other off-radar shocks may be waiting to rock world markets.
14 August 2017, 18:00 PM

Titan sees up to 30pc rise in sales

Titan Co, India's biggest listed jeweller, expects its jewellery sales to rise by 20-30 percent in 2017/18 fiscal year ending March, as it plans to add more than two dozen retail stores to boost its presence in small towns, a senior company official said.
14 August 2017, 18:00 PM

Euro zone bond yields rise as Japan growth smashes forecasts

Euro zone government bond yields rose 3-4 basis points across the board on Monday, bouncing from recent lows following stronger-than-expected Japanese growth.
14 August 2017, 18:00 PM

Swiss franc falters on returning risk appetite

The Swiss franc posted its biggest daily drop against the US dollar in nearly three weeks on Monday as investor concern over geopolitical risks eased and Japan posted solid economic data.
14 August 2017, 18:00 PM

Arab bloc won't discriminate against US firms in Qatar rift: sources

Four Arab countries that imposed sanctions on Qatar have told the United States that US companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said.
14 August 2017, 18:00 PM

India July wholesale inflation rate picks up for first time in five months

India's wholesale price inflation rate picked up in July after easing for four straight months, with food prices back on the rise.
14 August 2017, 18:00 PM

Robust China economic growth shows signs of fading in July

China's strong economic growth showed visible signs of fading in July as lending costs rose and the gravity-defying property market cooled, though activity levels generally remained solid, propped up by a year-long construction spree.
14 August 2017, 18:00 PM

Japanese shoppers open their wallets, raising hopes for sustained revival

Japan's cautious consumers are starting to loosen up, spending more on cars and home appliances and offering hope that domestic demand - and not just exports - will be strong enough to reflate an economy that has been sluggish for many years.
14 August 2017, 18:00 PM

International travel to US drops for first time since 2009

The number of international visitors to the United States has dropped for the first time since 2009, as did their spending, the US Department of Commerce said.
13 August 2017, 18:00 PM

India's gold imports to rebound in 2017

India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas during the upcoming festive season, a leading refiner told Reuters.
13 August 2017, 18:00 PM

How money launderers used Commonwealth Bank of Australia

In a run-down mall in one of Sydney's biggest Chinese neighborhoods in 2015, 29-year-old Jizhang Lu showed up at the top-floor offices of a meat export company carrying a carrier bag stuffed with hundreds of thousands of dollars in cash.
13 August 2017, 18:00 PM

Uber, beset by scandal, faces battle over 'destructive' lawsuit

Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive,
13 August 2017, 18:00 PM

JC Penney hits record low on wider loss

JC Penney Co Inc's stock hit a life-low as sweeping store closures and a challenging retail environment drove the embattled department store chain to report a bigger-than-expected quarterly loss and took a toll on comparable sales.
13 August 2017, 18:00 PM

Malaysia's 1MDB makes payment to Abu Dhabi after delay

Malaysia's crisis-hit state investment fund 1MDB said Friday it has paid Abu Dhabi the equivalent of $350 million, the first installment under a deal to settle its debts after it missed previous deadlines.
12 August 2017, 18:00 PM

India raises vegetable oil import taxes to protect farmers

India, the world's biggest buyer of vegetable oils, has raised import taxes on crude and refined edible oils to protect local oilseed farmers from cheaper imports from top suppliers Malaysia and Indonesia.
12 August 2017, 18:00 PM

Fines surge in crackdown on Airbnb owners in Paris

Fines imposed against owners renting their Paris apartments out on Airbnb surged more than tenfold in the first half of 2017 thanks to more rigorous monitoring, city authorities said Friday.
12 August 2017, 18:00 PM

Bond investors give Tesla a $1.8b endorsement

Bond investors on Friday gave a $1.8 billion boost to Tesla Inc's balance sheet by snapping up the electric car maker's first foray into the US junk bond market, where yield-hungry investors have raced to lock in relatively higher returns.
12 August 2017, 18:00 PM

Petrobras profits plummet in Q2

Brazil's troubled oil giant Petrobas on Thursday reported a 93 percent drop in profits in the second quarter of 2017 from the previous three months.
12 August 2017, 18:00 PM