Business News

Deepening Italian crisis batters European markets

The euro dropped below the $1.16 line for the first time in 6-1/2 months, down 0.3 percent on the day. Against the Swiss franc, it fell by a similar margin at 1.1528 francs.

May 29, 2018

By Reuters

Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei, Anhui province

China April industrial profit growth rebounds to six-month high

China's industrial sector is still seeing solid growth momentum despite curbs on pollution and rocky trade relations with the United States.

May 27, 2018

By Reuters

Audi CEO says diesel crisis not over and vows to stay on - report

Stadler also told the Augsburger Allgemeine newspaper that he did not rule out further vehicle recalls.

May 26, 2018

By Reuters

UK to ban sale of diesel and petrol cars from 2040

Slower growth, higher prices or more subsidies: Asia's oil-related trilemma

Singapore, where economic growth figures beat expectations on Thursday, could be among beneficiaries, although the recovery is likely to be gradual.

May 25, 2018

By Reuters

Asia share markets hit by US auto tariff threat, dollar pulls back

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 percent higher, but Japan's Nikkei stock index fell 1.2 percent as auto shares slumped.

May 24, 2018

By Reuters

Bank of Singapore signs new agreement with Japan's Sumitomo Mitsui Banking Corp unit SMBC Trust Bank

The memorandum of understanding or MOU, which the BOS signed with SMBC Trust Bank, will help to get Japanese clients.

May 21, 2018

By Bhaswati Guha Majumder

walmart to sell chinese e commerce business to JD.com

Walmart-Flipkart Deal: Local Indian traders up in arms

Swadeshi Jagran Manch, a wing of Hindu nationalist organisation Rashtriya Swayamsevak Sangh (RSS), protested on the roads of New Delhi, shouting slogans such as "Go back Walmart", reminiscent of "Go back Simon", a popular anti-British slogan during the country's freedom struggle.

May 11, 2018

By Soorya Kiran NN

FILE PHOTO: A man looks at a Singapore Airlines (SIA) signage outside an SIA service center in Singapore February 10, 2016.

Singapore Airlines to hold record of world's longest flight route soon

Airbus to introduce A350-900 Ultra Long-Range jet and Singapore has ordered seven of them to start operating flight services around the world.

Apr 29, 2018

By Bhaswati Guha Majumder

Seeking solution to US export ban: ZTE

The company is making active communications with relevant parties and is seeking a solution to the issue.

Apr 23, 2018

By IANS

International Monetary Fund (IMF) Managing Director Christine Lagarde attends IMFC press conference during the IMF/World Bank spring meeting in Washington, U.S.,

IMF tells US, China to resolve trade tensions

Lagarde's advice came as the US Treasury Secretary Steven Mnuchin said on Saturday he was considering a trip to Beijing to discuss trade issues with his Chinese counterparts.

Apr 22, 2018

By IANS