Business / World Business

India's Tata Steel considers bids for British assets 25 May 2016 - 12:38 pm

Tata Steel factors in the UK. AFP Mumbai: Britain's business minister Sajid Javid met Tata Steel bosses in Mumbai ahead of a crunch...

Outsourcing firm Serco forecasts higher full-year profit 25 May 2016 - 11:49 am

By Esha Vaish British outsourcing firm Serco Group Plc forecast 2016 profit ahead of current market expectations, benefiting from several contracts running for...

Volkswagen, US make ‘substantial progress’ toward final deal: judge 24 May 2016 - 06:31 pm

By Alexandria Sage and David Shepardson SAN FRANCISCO/WASHINGTON: Volkswagen AG and lawyers for owners and the U.S. government have made “substantial progress” toward...

Brexit fears spook German investors in May: ZEW institute 24 May 2016 - 12:21 pm

Frankfurt: Investor confidence in Germany fell unexpectedly in May as uncertainty over a possible exit by Britain from the European Union overshadows better-than-expected...

More challenges than cheer for Apple chief on Asia tour 24 May 2016 - 12:02 pm

A handout photograph released by the Indian Press Information Bureau (PIB) shows Apple Chief Executive Officer Tim Cook (L), during a meeting with...

Toyota to recall 1.6 mn more US cars over Takata airbags 24 May 2016 - 11:17 am

Toyota logo on a car. Reuters Los Angeles: Toyota said it will recall nearly 1.6 million more vehicles in the United States to...

Singapore kicks out Swiss bank linked to Malaysia's 1MDB 24 May 2016 - 10:30 am

Singapore: Singapore's central bank on Tuesday said it was kicking out Switzerland's BSI Bank, which has been linked to a global money-laundering scandal...

Know-your-customer check must be ‘an ongoing process’ 24 May 2016 - 12:00 am

Gary Collyer, Managing Director, Collyer Consulting Global, giving a presentation at a workshop on “Documentary Credits in Today’s Challenging Environment” at the Grand...

Rupee has longest losing streak in five years as stocks retreat 23 May 2016 - 04:27 pm

(file photo / Reuters) By Kartik Goyal India’s rupee fell for an eighth day, the longest losing streak since November 2011, on speculation...

Bayer targets GM giant Monsanto in biggest German takeover bid 23 May 2016 - 02:43 pm

Berlin: German chemicals giant Bayer said Monday it had offered $62 billion for US agriculture group Monsanto as it seeks to create the...

BP's oil search strategy shrinks with budget cuts 23 May 2016 - 09:21 am

By Ron Bousso and Dmitry Zhdannikov LONDON: The surprise departure of BP's exploration boss has turned the spotlight on an oil search strategy...

No pain, no gain: M&S boss to map out rocky road to recovery 22 May 2016 - 10:10 am

A Marks & Spencer logo is seen on a shop in downtown Brussels, Belgium March 10, 2016. REUTERS/YVES HERMAN By James Davey LONDON:...

China's HNA to buy up to 20 percent of Portugal's TAP 21 May 2016 - 05:12 pm

Lisbon: Chinese aviation and tourism giant HNA will buy up a stake of up to 20 percent of Portuguese national airline TAP, a...

G7 warns of Brexit 'shock' to global economy 21 May 2016 - 12:45 pm

Germany's Federal Minister of Finance Wolfgang Schaeuble (R) and Governor of the Deutsche Bundesbank Jens Weidmann (L) hold a press conference after the ...

How do bank payments work in the euro zone? 21 May 2016 - 12:00 am

FRANKFURT: Cyber attacks on banks from Bangladesh to Ecuador are raising questions about the security of the global payment system and one of...

Be prepared to stabilise pound on Brexit, top FX players advise BoE 19 May 2016 - 06:53 pm

By Patrick Graham LONDON: If Britain opts to leave the EU on June 23, the Bank of England should be prepared to intervene...

Philippine economy grows 6.9 percent in first quarter 19 May 2016 - 09:01 am

MANILA, Philippines: Officials say the Philippine economy grew faster than expected at 6.9 percent in the first quarter from the same period a...

German pharma giant Bayer bids to acquire Monsanto 19 May 2016 - 08:56 am

The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal February 24, 2014. REUTERS/Ina Fassbender/File Photo Berlin: ...