Economy Rss icon

China home price drop spreads

New-home prices fell 0.7% from August in Beijing and 0.9% in Shanghai, according to the government

Economic growth in Asia to languish as China slows: poll

Economists slightly upgraded growth projections for India, Malaysia and Thailand

Asian finance ministers to sign MoU to set up AIIB on Friday

The AIIB will start operations in 2015 with its head officein in Beijing

Markets Rss icon

Wall St little changed as Microsoft offsets Amazon

Amazon plunged 7.3% to $290.45 as the biggest drag on both the S&P 500 and Nasdaq 100

Nasdaq tops earnings expectations while revenue slips

Lower expenses helped offset a decline in revenues driven in part by the impact of foreign exchange rates

World stocks dip on report of Ebola case in New York

Investors lock in profits after the best week for shares in well over a year

Companies Rss icon

Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes

US drugmaker Pfizer is to continue buying back stock, with the board authorising a new $11 billion share repurchase plan, deflating expectations ...

Honda executives take pay cut after fifth Fit hybrid recall

CEO to take 20% pay cut, other senior executives 10%

Microsoft sales beat Street expectations

Commercial cloud sales rise 128%, sales of services based on Azure cloud platform rise 121%

Tesco chairman to step down as overstatement of profits grows

The company last month said it had overstated profit by an estimated £250 million, prompting investors to cut their stake in the grocer

Politics Rss icon

Pakistan, Iran trade fire on border

The Iranian security forces fired six mortars across the border in Mashkhail district of Pakistan's southwestern Balochistan province

US planning to bomb Syrian oil pipelines to cut off ISIS funding

Western officials described ISIS as the wealthiest terrorist group in history

US probing arms seizure by IS

On Sunday, the US airdropped arms, ammunition and medical supplies to the Kurdish fighters combating the IS in Kobane

India re-elected to UNHRC for 2015-2017

India's first term as the member of the 47-nation UNHRC is due to end on December 31st this year

Finance Rss icon

Three major nations absent as China launches infrastructure bank

The Asian Infrastructure Investment Bank is seen as a challenge to the World Bank and Asian Development Bank

73 Swiss banks ask US to revise proposed tax amnesty deals

US recently has stepped up its pursuit of Swiss banks for aiding tax evasion

EU's top banker warns of rule fixation 'going beyond reason'

Christian Clausen, president of the European Banking Federation, said regulators need to rethink an approach he warned will bury the industry ...

ECB cools speculation over bank health checks ahead of results

The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 ...

General Rss icon

Xiaomi shifts phone user data out of China on privacy concerns

Xiaomi Redmi 1S phone was seen sending data including the user's IMEI, phone number, and phone numbers of contacts added to phone book to a ...

AIIB will provide funds for infrastructure: India Inc

It is a very positive development in the sense that it opens up more borrowing opportunities, says Secretary General of FICCI

India, China pull Ericsson's revenue up 9% in Jul-Sept

Company's revenue stood at $7.9 billion as compared to $7.2 billion in the corresponding quarter last year

North Korea halts foreign tours over Ebola fears

It is presently unknown for how long this closure will be in effect

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