Brexit minister says it is ‘very improbable’ UK will remain a member of the single market

In comments that go further than those made by the Prime Minister, David Davis told Parliament that it is a “simple truth” that Britain...

Pakistan’s underdog businessman gearing up for comeback

Up until the mid-2000s, the Yousuf Dewan Companies (YDC) was one of the biggest business conglomerates in Pakistan. It had business interests in sugar,...

China Property Boom Spurs Fear of Bubble’s Burst

SHANGHAI — Zheng Ruizhen counted herself among the last holdouts on Lufeng Road. Even as high-rises sprang up in recent years to surround her dilapidated...

Can we trust the Saudis to stick to the OPEC Deal?

As Saudi Arabia leads the Organization of Petroleum Exporting Countries in developing a six-month freeze deal, investors and industry officials should consider one key...

Airbus to overtake Boeing on aircraft output rates by 2020: CEO tells paper

European aircraft maker Airbus (AIR.PA) aims to overtake arch rival Boeing (BA.N) in terms of annual plane deliveries by 2020, having fallen behind in...

China 2016 economic growth seen slowing to 6.6 percent, 6.5 percent in 2017: Reuters poll

China's economic growth is expected to cool to 6.6 percent this year and slow further to 6.5 percent in 2017, even as the government...

Bankers’ Love of London Complicates Brexit Relocation Plans

Investment banks have already warned they could move thousands of jobs if the City loses access to the E.U.'s single market. (LONDON) – As Britain...

FTSE 100 slips after hitting record high, as pound extends falls

The FTSE 100 index has narrowly missed out on an all-time closing high after slipping back from record levels. The UK's benchmark index hit its...

‘Price of Oil May Climb to $60 By Year End’ Saudi Arabia Warns

Saudi Arabia says the price of crude oil may climb to 60 US dollars a barrel by the end of the year. The country...

21 Chinese cities introduce property curbs

From September 30th till October 8th, in just 9 days, 21 cities including all first tier cities have come up with new property curbs. ShangHai...

Turks cry economic warfare as Moody’s lowers credit rating

On a rainy day in May 2013, US President Barack Obama and Turkish leader Recep Tayyip Erdogan stood together under umbrellas in Washington praising the...

Samsung Galaxy Note 7 production ‘paused’ after replacement phones continue to catch fire

The company had hoped to put an end to its problems by instituting a huge recall programme – but now new phones are starting...