Dutch electronics giant Philips announced Monday the sale of a majority share in its Lumileds LED lighting business for $1.5 billion, after cancelling the spinoff earlier this year over US regulatory concerns.

British bank Barclays on Monday announced the sale of its French retail division in a move which marks its exit from continental European retail banking.

US retail giant Walmart said Wednesday it plans a fresh $1.3 billion investment in Mexico, where it was hailed amid US President-elect Donald Trump's tough line on foreign trade and keeping jobs in America.

World food prices edged lower in November, interrupting an almost continuous trend higher this year, the United Nations food agency said on Thursday.

Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday.

Private commercial banks extended help to the cold-stricken people by donating blankets to the Prime Minister's Relief Fund yesterday.

Bangladesh Economic Zones Authority yesterday awarded Meghna Group of Industries a prequalification licence to set up an economic zone in Comilla.

Qatar's third largest lender Doha Bank opened its representative office in Dhaka yesterday to better serve customers with dealings in Gulf Cooperation Council countries.

Wall Street's post-election rally shows no signs of fatigue as the three major indexes hit all-time highs on December 8, 2016.

Industrial orders in Germany jumped sharply in October, official data showed Tuesday, stoking hopes of a strong final quarter for Europe's largest economy.

Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece's colossal debt mountain in the wake of its huge 86-billion-euro bailout, but at levels far short of those demanded by the IMF.

The Reserve Bank of India is widely expected to cut interest rates today as the economy reels from an unexpected clampdown on cash, but foreign investors will be looking for some assurance that new Reserve Bank Governor Urjit Patel has firm control over monetary policy.

Qatar will invest up to $13 billion in major infrastructure projects next year despite a slump in revenues resulting from low energy prices, the Gulf state's finance minister said on Tuesday.

The publicity-shy heads of South Korea's largest conglomerates faced their worst nightmare on Tuesday, as they were publicly grilled about possible corrupt practices before an audience of millions.

The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi's resignation will threaten their recapitalisation plans.

BMW will test autonomous vehicles in Munich next year as it seeks to keep up with ride-hailing firms like Uber, which have spent billions on pay-per-use personal transport.

India is giving priority to moving toward a natural gas-based economy and efforts must be made to raise local production of the fuel while also creating infrastructure to import it, Prime Minister Narendra Modi told an energy conference on Monday.

The amount of money spent on advertising on social media is set to catch up with newspaper ad revenues by 2020, a leading forecaster said on Monday.

Japan's Panasonic Corp is in talks to buy European automotive light maker ZKW Group, accelerating its push into the automotive electronics market, a person familiar with the matter said.

A long-delayed trading link between the exchanges of Hong Kong and Shenzhen in China made a disappointing debut Monday, with markets on both sides of the border ending lower.