Business News

China and U.S. accuse each other of hypocrisy as WTO litigation begins

The Chinese official said the United States had failed to back up its "unfounded" claims about China's economy that was using to disguise its own violations of the WTO rulebook.

Nov 22, 2018

By Reuters

For Oyo Hotels, the biggest market now is China

India's most valued startup built by Ritesh Agarwal now manages as many as 180,000 rooms in China, compared with about 150,000 rooms in India and the rest of south Asia combined.

Nov 21, 2018

By Jacob Nelly

Malaysian ringgit, Asia's worst performing currency, to fall further in 2017

Foreigners turned net buyers of Asian bonds in October

Thailand and Indonesian bond markets also attracted foreign money of $1.07 billion and $886 million, respectively.

Nov 21, 2018

By Reuters

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018.

Cryptocurrency: Tale of IMF support that turned a deadly trap

Legarde's historic call for central banks' foray into sovereign cryptocurrencies turns sour for blockchain pioneers like Bitcoin

Nov 21, 2018

By Prathapan Bhaskaran

In Dubai, U.S. sanctions pressure historic business ties with Iran

Imposed in early November and August, the sanctions target Iran's rial currency, autos, metals, oil and banking.

Nov 19, 2018

By Reuters

Nissan and Renault Chairman Carlos Ghosn arrested for under-reporting income

Nissan said it has been providing information to the Japanese Public Prosecutors Office and has been fully cooperating with their investigation.

Nov 19, 2018

By Jacob Nelly

Humbled Noble Group seeks life as smaller, Asia-centric business

The lifeline from creditors will allow Noble to get access to $800 million in trade financing and hedging facilities - crucial in an industry where profit margins are tiny.

Nov 19, 2018

By Reuters

Oil dips on technical selling after two days of strong rises

Japan's Fuji Oil plans to resume Iran oil loadings from January: sources

Condensate is an ultra light oil processed at splitters, typically to produce naphtha for petrochemicals.

Nov 19, 2018

By Reuters

APEC fails to reach consensus as U.S.-China divide deepens

U.S. President Donald Trump did not attend the meeting and nor did his Russian counterpart, Vladimir Putin.

Nov 18, 2018

By Reuters

Hyundai Motor union stages first full strike in 12 years

Hyundai Antirust Violation case: India SC stays Rs 420.26 crore penalty by CCI

The defense argued that in other similar appeals, the apex court had also granted interim relief against the impugned directions.

Nov 18, 2018

By Ashish Shukla

Binny Bansal resignation: Did Walmart use it as a ruse to edge the last of founders out?

Since the beginning of the deliberations of majority sale, Walmart wanted one of the co-founders out of the company which has forced Sachin Bansal to resign from all of his responsibilities from the company

Nov 17, 2018

By Ashish Shukla

trump-blames-president-xi-jinping-for-north-koreas-threat-to-cancel-face-to-face-summit

U.S.-China divisions dominate APEC summit

China's efforts to win friends in the resource-rich Pacific have been watched warily by the traditionally influential powers in the region - Australia and the United States.

Nov 17, 2018

By Reuters