The year-end stocks rally on the heels of the election of Donald Trump as US president was built on expectations of reduced regulations, big tax cuts and a large fiscal stimulus.

A dusty village on the outskirts of Ningde, a third-tier city in China's southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology.

Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing airliners in an order that the American planemaker had said was worth $16.6 billion.

The dollar dipped against the yen on Monday, edging lower down after US Treasury yields dipped on mixed economic data.

Chiina promised strong support on Monday for its newest friend in Africa, the former Taiwan ally Sao Tome and Principe, whose foreign minister made a pitch for Chinese firms to invest in his "tranquil" country as the two re-established ties.

Thailand's success in attracting huge numbers of tourists has put some infrastructure for handling the influx under pressure, an economist with the World Bank said on Monday.

When Ratan Tata retired as chairman of Tata Sons Ltd in 2012, he proposed a change in the laws governing the relationship between India's largest conglomerate and its key shareholder, according to sources familiar with the situation.

German luxury carmaker BMW will recall nearly 200,000 vehicles in China because of flawed airbags, according to the country's quality regulator and the company.

Headed for a fourth straight annual profit decline, Hyundai Motor is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters.

On the morning of July 29, former Italian Industry Minister Corrado Passera was travelling in a high-speed train towards the medieval city of Siena, racing to meet the directors of the world's oldest bank to present them with a rescue plan.

China's non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan ($161.19 billion) in 2016 and foreign direct investment into China will total 785 billion yuan, Commerce Minister Gao Hucheng said on Monday.

Prime Minister Narendra Modi has quietly plugged a tax loophole used by the wealthy to buy real estate in someone else's name as part of his campaign against corruption, a senior tax official said on Monday.

India's central bank on Wednesday rolled back an order restricting deposits of banned rupee bills into bank accounts, after the move sparked a huge public backlash.

The negative shock from India's ban on high-value banknotes will last until the end of March but improved growth next year should fully compensate for the loss, a top economic adviser to Prime Minister Narendra Modi told Reuters.

Indian internet and telecoms company Reliance Communications said Wednesday it had agreed to sell its mobile phone tower business to Canadian asset management giant Brookfield for $1.6 billion.

The acrimonious battle for control of India's storied Tata Group is set to get even dirtier as its ousted chairman launches legal action against the firm, marking the latest twist in a months-long saga sullying the 150-year-old conglomerate.

The central bank should open up its policy on mobile money services led by banks, and give such licences to other types of entities to expand financial inclusion in Bangladesh, said a top official of the Bill and Melinda Gates Foundation.

Apple Inc's new wireless headphones could be a problem for recyclers, according to an electronics firm that took apart the device to review its component parts.

German industrial gases maker Linde and its US competitor Praxair on Tuesday said they had agreed on the terms of a proposed $65-billion "merger of equals" to create a global giant in the sector.

Donald Trump's pledge to entrust his business empire to his sons does little to allay concerns about conflicts of interest between the incoming Republican president and the company he has run as an autocrat.