GREEKS greeted news of a deal with creditors on Monday with a measure of relief mixed with much anger, particularly at Germany, after it became clear Greece will have to swallow more austerity that could fracture the government and spark a backlash.

India's inflation rate rose faster than analysts' expectations in June, official data showed Monday, dampening hopes of further interest rate cuts by the country's central bank later this year.

US, European and Asian energy firms will compete Wednesday in Mexico's first oil auction since a historic reform brought back private investors, nearly 80 years after they were kicked out.

People can swap their old banknotes for new notes ahead of the EId festival next week under a special initiative of Bangladesh Bank.

Stocks remained mostly stable yesterday amid expectations of positive earnings declarations by listed firms.

Saudi Arabia appoints a housing minister with a background as a real estate developer, strengthening a trend towards giving top government jobs to people from the private sector as the kingdom grapples with economic and social welfare issues.

An accounting scandal involving massive Japanese conglomerate Toshiba deepened on Saturday as reports said the company's president

Indian firms battling towering debts are calling for more interest rate cuts as they worry the central bank is tying monetary policy too

Australia's tax authority has warned large multinational firms it is looking into the use of offshore marketing hubs over concerns such

For a world so confident that central banks can solve almost all economic ills, the dramas unfolding in Greece and China are sobering.

Microsoft announced plans Wednesday to cut 7,800 jobs, most from the struggling mobile phone division acquired last year from Nokia.

Last-minute tourist reservations for Greece have plunged by nearly a third since early last week as uncertainty piles up around the eurozone country, the Greek Tourism Confederation said Wednesday.

The warmth of the friendship between Chinese President Xi Jinping and Russia's Vladimir Putin -- who meet Wednesday for the eighth time in two years -- does little to counter the bitter economic winds blowing through their shared border.

TENS of millions of retail investors in China are learning a hard lesson as once high-flying stock prices plunge, sparking sadness and anger.

China stocks took another plunge Wednesday, as the securities regulator warned the market was in the grip of "panic" selling after fresh government moves failed to arrest a rout that has now infected regional markets.

Steps by India to protect its large steelmakers from a flood of cheap imports could end up closing scores of small, local firms that process the metal, industry analysts and executives said.

Samsung Electronics on Tuesday flagged a second quarter drop in operating profit that missed analyst estimates after sales of its newest flagship smartphone failed to meet expectations.

The Islamic sukuk or bond market is set to drop sharply this year after Malaysia's central bank, one of the largest global issuers, stopped doing so, Standard & Poor's said Tuesday.

Three weeks of falls on Shanghai's stock market have cost veteran investor Gu Yongbiao five million yuan -- more than $800,000 -- he estimates, over two-thirds of the value of his portfolio.

At a bazaar in Tajikistan's capital Dushanbe, once a far-flung outpost of the Soviet Union, cheap goods from neighbouring China are