Articles By Geetha Pillai

Yuan

China Steps Up Scrutiny of Cross-Border Capital Flows as Yuan Climbs to Record High

China's currency regulator is planning to send out warning notices to firms whose goods and capital flows do not match.

A one pound coin and sterling notes are seen in central London

UK to Curb Overseas Pension for 'Spouses'

The new state pension scheme plans to stop unjustified, new claims for pension.

China HSBC April Services PMI Slips to Near Two-Year Low

The cooling of China's services sector raises concerns about the pace of economic recovery.

Portugal

Portugal Plans 30,000 Public Sector Layoffs in New Wave of Austerity Measures

Portugal is hoping to save €4.8bn with the budget cuts.

Eurozone

Eurozone Heads for Deeper Recession in 2013

All the largest eurozone economies except Germany are predicted to be in recession this year.

Glencore and Xstrata logo

Glencore Chief Hints at Big Layoffs as Glencore Xstrata Stocks Debut in Market

Glencore's CEO Ivan Glasenberg is expected to announce key divisional heads of Glencore Xstrata.

UK construction

UK Construction Sector Nears Growth in April

The UK construction PMI for April rose to a six-month high of 49.4 on improved residential sector activity.

BMW Drives MINI Cooper Diesel Countryman To India; Price Starts at ₹ 25.60 lakhs

BMW Profits Fall on European Car Market Slowdown

BMW maintains its 2013 profit forecast on the back of surging demand for luxury vehicles in the US and China.

Royal Dutch Shell logo

Shell Boss Peter Voser to Retire as Profit Beats Forecast

Shell posts better-than-expected earnings despite operational disruptions and drop in oil prices.

Best Buy Exits Europe

Carphone Warehouse Shares Jump on Best Buy Exit

Best Buy is planning to focus on US market by scaling back from its European operations.