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Business 16 Jul 2019 | 12:00 AM

China Q2 GDP growth slows to 27-year low

BEIJING: China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting US trade pressure.

Business 16 Jul 2019 | 12:00 AM

China’s Xiaomi continues chip strategy revamp

SHANGHAI: China’s Xiaomi Corp has taken a stake of roughly 6% in compatriot chip designer VeriSilicon Holdings Co Ltd, as the smartphone maker revamps its years-long pursuit of success in semiconductors which it sees as central to driving innovation.

Business 16 Jul 2019 | 11:57 PM

Wall Street slips as bank earnings, Trump trade comments weigh

NEW YORK: US stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from U.S. President Donald Trump on trade also dragged down Wall Street's major indexes.

Business 17 Jul 2019 | 12:00 AM

Citigroup ramps up Asean banking team

SINGAPORE: Citigroup Inc said it has hired about 30 bankers over the past year across its banking, capital markets and advisory teams in the 10-member Association of South-East Asian Nations (Asean), spurred by robust growth in its Asean banking business.

TECH 17 Jul 2019 | 8:24 AM

Internet a distant dream for many in oil-rich E. Guinea

Equatorial Guinea is awash in oil, although little of the wealth has trickled down to the poor.

Business 17 Jul 2019 | 11:52 PM

Wall St falls as CSX results signal damage from trade tensions

NEW YORK: US stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings.

World 18 Jul 2019 | 10:44 PM

Mexico tells U.S. it's not ready for 'safe third country' deal -ambassador

WASHINGTON (Reuters) - Mexico has told the United States time and again it is not ready to ink a deal forcing asylum seekers heading to the U.S. to first pursue safe haven in a Mexico, the Mexican ambassador to Washington said on Thursday, ahead of a Monday deadline.

Business 19 Jul 2019 | 12:00 AM

Volvo to cut costs as US-China trade war dents profits

STOCKHOLM: Volvo has announced plans to cut fixed costs by 2 billion Swedish crowns (US$214mil), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-US trade war were denting profitability.

Business 19 Jul 2019 | 7:42 AM

Oil pares steep weekly loss as US warship downs Iranian drone

SINGAPORE: Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from the Middle East may be disrupted.

TECH 19 Jul 2019 | 10:00 AM

France’s tech tax is wrong and so is Trump’s response: opinion

Fed up with big technology multinationals, most of which just happen to be American, France wants to tax them more heavily.