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Updated: 7 min 14 sec ago

Pakistan finance minister to step down amid IMF bailout talks

34 min 48 sec ago
Pakistani Finance Minister Asad Umar on Thursday said he would step down, after he held talks with Prime Minister Imran Khan, raising fresh questions on plans for averting an economic crisis amid bailout talks with the International Monetary Fund.
Categories: India News

'Can't sleep at night': Despair over jobs as Jet Airways grounded

51 min 20 sec ago
Bhoja Poojari has handled baggage for India's Jet Airways Ltd since it began flying nearly 26 years ago. Now, like many other Jet employees, he fears for the future as the debt-laden airline descends into crisis.
Categories: India News

Gold inches up as sluggish euro zone data rekindles growth fears

56 min 31 sec ago
Gold prices edged up on Thursday from the near 4-month low touched early in the session after data showing euro zone businesses were under pressure brought concerns about global growth back to the fore.
Categories: India News

TSMC upbeat on chip outlook after Apple-Qualcomm settlement; first-quarter disappoints

1 hour 2 min ago
Taiwan's TSMC struck an upbeat note about the outlook for the depressed global chip market, betting that a rollout of faster 5G mobile network would buoy demand, even as it posted its steepest quarterly profit drop in more than seven years.
Categories: India News

Samsung could become one of Orange's providers for French 5G licence

1 hour 4 min ago
Samsung Electronics could become one of Orange's providers for a possible 5G telecoms frequency in France, said Orange's head Stephane Richard on Thursday.
Categories: India News

Oil prices slip, but supply cuts support

1 hour 12 min ago
Oil prices eased on Thursday, although a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran all limited losses.
Categories: India News

Osram in 'good talks' with Bain, Carlyle after report of bid doubts

1 hour 14 min ago
German lighting group Osram said on Thursday that talks with Bain Capital and Carlyle Group were continuing, after Manager Magazin said the private equity firms could walk away from a possible takeover.
Categories: India News

Daimler to seek 6 billion euros in cost savings at Mercedes: Manager Magazin

1 hour 28 min ago
Daimler is seeking 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at Daimler Trucks division, Manager Magazin said on Thursday.
Categories: India News

Pakistan finance minister says to step down after talks with Imran Khan

1 hour 31 min ago
Pakistan Finance Minister Asad Umar on Thursday said he would step down from his role after discussions with Prime Minister Imran Khan about a cabinet reshuffle, suggesting he is due to leave his position.
Categories: India News

UK consumers keep calm and carry on shopping before Brexit deadline

1 hour 34 min ago
British shoppers ignored worries about an impending Brexit deadline and spent heavily in March, official data showed on Thursday, supporting the country's sluggish economy while companies were cutting back on investment.
Categories: India News

Euro zone business activity barely grew in April, PMI shows

1 hour 43 min ago
Businesses across the euro zone stumbled into the second quarter as demand remained weak despite more modest price rises, surveys showed on Thursday.
Categories: India News

Asia Coffee: Low prices in Vietnam, elections in Indonesia slow trade

1 hour 45 min ago
Coffee trading has been slow this week in Vietnam due to weak prices, while elections in Indonesia saw traders keep to the sidelines.
Categories: India News

China EV maker Byton says business as usual despite management upheaval

2 hours 35 sec ago
Chinese electric vehicle (EV) maker Byton, which is facing a management shake-up and questions about funding an expansion, said it has received over 50,000 orders globally for its new SUV model and plans to start production at the end of this year.
Categories: India News

Grounded Jet Airways' shares sink, rivals race to grab airport slots

2 hours 2 min ago
Jet Airways shares plunged on Thursday, battered by worries about whether the grounded Indian airline would fly again, while carriers such as SpiceJet rushed in to plug a supply gap in the wake of their rival's demise.
Categories: India News

Singapore's March CPI seen edging up at 0.6 percent year-on-year: Reuters poll

2 hours 7 min ago
Singapore's annual headline and core inflation are expected to have accelerated in March due to higher transport costs, a Reuters poll showed on Thursday.
Categories: India News

Nifty, Sensex slip as Jet woes seep through to banks

2 hours 16 min ago
The Indian stock market slipped from record highs to trade slightly lower on Thursday, dragged by banking shares, as sentiments soured a day after debt-ridden Jet Airways Ltd was forced to halt all operations after running out of funds.
Categories: India News

Asian shares slip from nine-month high, European PMIs in focus

2 hours 19 min ago
Asian shares dipped on Thursday amid subdued trade after losses on Wall Street and some profit-taking ahead of a long Easter weekend.
Categories: India News

Japan leaves economy assessment unchanged in April

2 hours 23 min ago
Japan's government left its assessment of the economy unchanged in April, after a rare downgrade in March, saying the U.S.-China trade war remained a threat to exports and economic growth.
Categories: India News

New Daimler boss to make company carbon neutral by 2040: Manager Magazin

2 hours 25 min ago
Daimler plans to become a carbon neutral company by 2040, ensuring that all new cars, production methods, and suppliers will work in a way which does not produce carbon dioxide emissions, Manager Magazin said on Thursday.
Categories: India News

UK consumers keep calm and carry on shopping in the run-up to Brexit deadline

2 hours 28 min ago
British shoppers ignored worries about an impending Brexit deadline and spent heavily in March, official data showed on Thursday.
Categories: India News