Business / World Business

Mozambique “tuna bond” heads toward default waters 12 Mar 2016 - 04:27 pm

The logo of Mozambique’s state-run tuna-fishing company Ematum. Courtesy Twitter By Ed Stoddard JOHANNESBURG: Debt issued by Mozambique’s state-run tuna-fishing company Ematum may...

Russia to improve trade-economic cooperation with China 12 Mar 2016 - 12:34 pm

Moscow: Moscow will improve quality of the trade and economic cooperation with Beijing, Russia’s Foreign Minister Sergei Lavrov said while opening talks with...

Moody's downgrades Hong Kong outlook to 'negative' 12 Mar 2016 - 12:31 pm

Hong Kong: Ratings agency Moody's downgraded its outlook for Hong Kong on Saturday, citing increasing political riskiness and closer economic ties with China,...

IMF's Lagarde calls for growth-supportive monetary, fiscal policies 12 Mar 2016 - 10:27 am

International Monetary Fund (IMF) Managing Director Christine Lagarde and India's Finance Minister Arun Jaitley (L) exchange gifts during ''Advancing Asia: Investing for the...

China's industrial output growth wanes 12 Mar 2016 - 09:50 am

A worker poses with soft toys, manufactured at a toy factory in Lianyungang, eastern China's Jiangsu province. AFP/File Beijing: China's industrial production during...

Malaysian finance official set to be central bank governor: WSJ 12 Mar 2016 - 09:23 am

Malaysia's Bank Negara Governor Zeti Akhtar Aziz arrives at an event announcing revisions to the fiscal budget in Putrajaya, Malaysia, January 28, 2016. ...

British business festival to coincide with EU referendum 12 Mar 2016 - 12:00 am

A promotional poster of International Festival of Business. Courtesy twitter London: Business and political leaders will be among the 30,000 delegates expected at...

Romania makes all state finances public to deter graft 11 Mar 2016 - 06:07 pm

BUCHAREST: Romanians now have full access to the revenue and spending data of state institutions in move which could help fight corruption, the...

What are negative interest rates and how do they work? 10 Mar 2016 - 04:27 pm

Illuminated euro sign (Reuters/Kai Pfaffenbach) Frankfurt: Desperate to jolt the eurozone economy back to life, the European Central Bank has cut a key...

ECB cuts rates, increases assets buys more than expected 10 Mar 2016 - 04:09 pm

The headquarters of the European Central Bank (ECB) is pictured in Frankfurt, western Germany, on March 10, 2016. (AFP) By Balazs Koranyi and...

Global volatility shaking up worldwide living costs: survey 10 Mar 2016 - 01:43 pm

Singapore tops the list of most expensive cities in the world. AFP Singapore: Yo-yoing currencies, spiralling inflation and plunging commodity costs are shaking...

GM recalling some 2016 models to fix airbags 10 Mar 2016 - 09:58 am

The new 2016 Chevrolet Hybrid Malibu model is displayed during the first press preview day at the 2015 New York International Auto Show...

Egypt to offer incentives for low-cost airlines: minister 09 Mar 2016 - 05:13 pm

“We already have a programme for tour operators that have flights, but we never had a programme for airlines alone,” Egypt's Tourism Minister...

Volkswagen shares open lower as regulatory probes intensify 09 Mar 2016 - 01:06 pm

FRANKFURT: Volkswagen shares fell 3.8 percent on Wednesday as investors feared the carmaker would need to cut its dividend to help pay for...

Japan's Toshiba gives Canon preference for medical unit sale 09 Mar 2016 - 12:37 pm

REUTERS/ Hannibal Hanschke/File photo Tokyo: Japan's Toshiba on Wednesday offered camera maker Canon exclusive rights to buy its medical devices unit, as the...

Zara owner's profits soar on higher sales, expansion 09 Mar 2016 - 12:35 pm

People walk past a Zara store, an Inditex brand, in central Barcelona, Spain, March 8, 2016.REUTERS/ Albert Gea Arteixo: Spanish global clothing giant...

London’s fintech stars consider leaving as ‘Brexit’ threat looms 09 Mar 2016 - 12:00 am

London has worked hard to cultivate its reputation as a top global location for so-called “fintech” firms—technology startups that aim to compete with...