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Russians keep calm and shop on
Prices on meat, fish and vegetables rose by some 20 per cent last year, according to official figures, and Russian staples like cabbage have gone up in recent weeks.
China new home prices fall
Pressure mounts on policymakers to head off a sharper slowdown this year.
SNB defends franc move
Soaring Swiss franc causes panic on global markets
Moody’s cuts Russia rating
Country under review for a further downgrade as falling oil, rouble weigh on
EU bans Sri Lankan fish imports
The EU move comes after Sri Lanka’s failure to rectify issues pertaining to illegal, unreported and unregulated fishing after an EU warning three months ago.
Xiaomi to invest in Indian startups, overseas content
With Samsung Electronics Co Ltd and Apple in its sights in the handset market, Xiaomi is now expanding into home appliances and television.
Apple, Google and two others to pay $415m in wage case
The lawsuit, filed in 2011, sought $3 billion in damages that could have been tripled under US antitrust law.
China unveils fresh supports as economy shows weakness
PBOC to lend $8.1b to banks at discount rates to spur small lendings
Oil rises as IEA sees signs ‘tide will turn’
Crude futures have more than halved since June, crashing on stubborn worries over global oversupply and weak demand in a faltering world economy.
India surprises markets with early rate cut, hints at more
While the early move was unexpected, aggressive reductions in rates have been seen as likely over the course of the coming year to help India’s economy out of a rut.
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