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  • Financial firms face new EU disclosure requirements on green investment

    The European Commission proposed on Thursday new rules to force asset managers, insurers and pension funds to disclose how they take into account environmental risks in their investments and abide by clearer criteria when they claim “green” credentials.

  • Japan hits back as US mulls auto tariffs

    Japan's trade minister on Thursday pushed back against Washington for considering possible tariffs on automobile imports, a major driver of the Japanese economy.

  • India trying to get resolution soon on rising fuel prices

    India is trying to get a resolution soon on tackling rising fuel prices, and the government is looking at both short-term and long-term solutions, said Oil Minister Dharmendra Pradhan on Thursday.

  • Indian rice prices ease to lowest in a year as rupee slides

    Rice prices in India fell for the third straight week to their lowest level in a year as the rupee slipped to a 16-month low, while markets in

  • German carmakers dismayed as US weighs auto tariffs

    German automakers reacted with dismay Thursday as the US Commerce Department said tariffs on car imports could be on the horizon, potentially opening a new front in a burgeoning transatlantic trade conflict.

  • Uber self-driving car failed to recognise pedestrian, brake: US agency

    An Uber self-driving vehicle that struck and killed a woman in Arizona in March failed to identify the pedestrian or to brake, raising serious questions about its performance, the US National Transportation Safety Board said in a preliminary report released on Thursday.

  • Deutsche Bank axes at least 7,000 jobs in trading retreat

    Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.

  • Facebook won't compensate data breach victims in Europe

    Facebook is unlikely to compensate the 2.7 million European users whose data was improperly shared with political consultancy Cambridge Analytica because sensitive bank account data had not been shared, the company said on Wednesday.

  • Toyota to ramp up hydrogen fuel cell vehicle sales

    Toyota Motor Corp on Thursday said it plans to set up a facility to mass manufacture hydrogen fuel cell stacks, a key component of fuel

  • China relieved after trade tension; US business ambivalent

    China on Monday praised a significant dialing back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China's refusal to surrender.

  • Apple, Goldman Sachs working on credit card

    Apple is working with financial giant Goldman Sachs on a credit card that would carry the iPhone maker's digital wallet logo, according to a report Thursday in the Wall Street Journal.

  • JP Morgan looks to expand in China

    Wall Street titan JP Morgan Chase has become the latest firm to apply for a controlling stake in a Chinese securities venture, taking advantage of new rules Beijing put in place last month as part of a move to open up the economy.

  • Brexit seen threatening UK links in EU supply chain

    Mandy Ridyard knew Brexit was going to be a challenge for her aviation components firm, but it was still a shock when she heard a French company bluntly ruling out British suppliers from an international bid for a contract in China.

  • Airbus, Boeing fly into lucrative services market

    Airbus and Boeing may have built their global success on the back of the transcontinental airliners but they are now eyeing a lucrative if rather less glamorous side of the aviation sector in their battle to dominate the skies -- parts and repairs.

  • ZTE woes loom as US-China trade tensions rise

    With a major Chinese smartphone maker on the rocks following US sanctions, the trade spat between Washington and Beijing appears to be taking a turn for the worse for tech firms in the two global economic powerhouses.

  • Difficult to shield German firms after US withdrawal from Iran deal: minister

    Germany wants to help its companies continue doing business in Iran after the US decision to reimpose sanctions against Tehran, but it could be difficult to shield them from any fallout, Foreign Minister Heiko Maas said on Sunday.

  • Sri Lanka sharply raises fuel prices

    Sri Lanka hiked fuel prices Thursday by up to 130 percent following pressure from the International Monetary Fund and its central bank to reduce the burden of heavy subsidies on its struggling economy.

  • Asia coal industry sees blue skies, ignores storm clouds

    Asia's coal miners, shippers and traders are seeing strong demand and rising prices for their fuel, and they expect this happy situation to persist for several years to come.

  • Apple scraps $1b Irish data centre over planning delays

    Apple ditched plans to build an 850 million euro ($1 billion) data centre in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday.

  • ZTE teeters as US ban hits operations

    Chinese telecom giant ZTE faces a grim future after ceasing major operations due to a US ban on American sales of critical technology to the company, raising the stakes in a trade spat between the world's two largest economies.

  • S Korea puts pressure on Samsung over complex ownership structure

    South Korean regulators turned up the heat on Samsung Group over its complex ownership structure, with the country's antitrust chief saying on Thursday the arrangement for control at the nation's top conglomerate was “not sustainable”.

  • Spain sells 4.5b euros of debt at bond sale

    Spain sold 4.5 billion euros ($5.4 billion) of debt on Thursday at a four-bond auction with yields mixed as investors watch monthly euro zone preliminary inflation data while the European Central Bank plans to roll back its stimulus scheme.

  • Turkish inflation surges in April

    Turkey's inflation rate edged up to almost 11 percent in April, official statistics showed Thursday, adding to fears that the economy is overheating less than two months ahead of elections.

  • Oil edges up

    Oil prices edged higher on Thursday despite swelling US crude inventories and record weekly US production, as focus shifted back to Opec supply cuts and the potential of new US sanctions against Iran.

  • Slowing growth is another headwind for Asian currencies

    The spectre of slower global economic growth presents another threat for Asian currencies, many of which are already under pressure from rising US yields and capital outflows.

  • Measuring Macron: Is France's leader rebooting the economy?

    French President Emmanuel Macron swept into office last May on a pledge to create jobs and improve the lives of workers by rebooting the country's economy.

  • Rural purchases to boost Indian gold demand: global council

    Indian gold demand may improve through to December as positive monsoon rains and government efforts to raise farmer incomes could boost rural purchases enough to offset higher prices because of the weak rupee, the World Gold Council (WGC) said.

  • Bangladesh, an example for other Asian countries: ADB chief

    ADB President Takehiko Nakao yesterday appreciated the economic growth Bangladesh has achieved in the recent years, saying “the success stories of the country can be a very good example for other Asian countries”.

  • Euro zone economy to slow next year, downside risks increase: Commission

    Euro zone economic growth will slow this year and next from a peak expansion in 2017, the European Commission forecast on Thursday, underlining the need to quickly implement euro zone reforms while the expansion is still strong.

  • China's Baidu to sell majority of financial services unit for $1.9b

    China's Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP and Carlyle Group LP, as it seeks funding to take on established fintech firms in China.

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