While his advisors have played down some of President-elect Donald Trump's most extreme trade threats as negotiating tactics, economists remain worried about the potential to inflict real damage.

A multi-billion-dollar Russian deal to buy Indian refiner Essar was nearly sunk at the eleventh hour by a rival bid from Saudi Arabia as the two oil superpowers vie for supremacy across the world.

Some Indian gold traders are placing bulk, short-term import orders on fears that Prime Minister Narendra Modi might soon add curbs on overseas purchases of the metal to his withdrawal of high-denomination banknotes in his fight against 'black money', traders and jewellers said.

Bangladesh should start negotiations with the new US government to get back the generalised system of preferences (GSP) and duty-free market access for apparel items, garment exporters said yesterday.

Luxembourg's administrative court on Tuesday rejected an appeal by former IMF chief Dominique Strauss-Kahn, confirming his obligation to pay 75,000 euros in back taxes from a now-bankrupt investment firm he once chaired.

EU finance ministers on Tuesday painfully agreed on the criteria to draw up a European blacklist of tax havens, but Britain watered down the proposal, eager to protect low tax dependencies such as Bermuda and Guernsey.

Moscow stocks ticked up Wednesday on news of Donald Trump's victory in the US presidential election, running counter to falls in global financial markets, amid hope that Trump would mend relations with Moscow.

Price for goods at the factory gate rose in China for the second straight month in October, officials said Wednesday, in a sign of strengthening demand in the world's second-largest economy.

Opec's job of trying to prop up oil prices has just got much harder.

Pharmaceutical stocks surged in Europe on Wednesday as Republican Donald Trump's US presidential election win led investors to conclude the threat of tough action on drug pricing had receded.

INDIA'S government on Tuesday withdrew the two largest-denomination banknotes from circulation in a bid to tackle tax evasion and corruption.

The US dollar, Mexican peso and world stocks began to steady in the European morning on Wednesday, having been hammered overnight as Donald Trump swept to victory in the US presidential election.

The European Union on Wednesday nearly halved its economic growth outlook for Britain in 2017 due to the impact of the Brexit vote to leave the bloc.

The European Union on Wednesday raised its eurozone growth forecast for this year but trimmed it for next year, warning that the economy faced new challenges due to Brexit and increased volatility.

Donald Trump's victory in the US election sent shockwaves through industries that rely on open trade, from airlines to cars and IT outsourcing, even though many executives remain unsure what his protectionist rhetoric will mean in practice.

Oil prices fell in Asia on Wednesday as Republican candidate Donald Trump defeated Democratic rival and market favourite Hillary

Bangladesh and Sri Lanka have agreed to sign a free trade agreement (FTA) to boost bilateral trade, the commerce ministry said in a statement yesterday.

After Britain's shock vote to quit the EU, Donald Trump's victory is a new powerful sign of a popular backlash against the drive for globalisation and more free trade.

Chinese e-commerce firm Alibaba Group Holding Ltd on Wednesday reported a 55 percent rise in second-quarter revenue, beating analyst estimates, on the back of core online sales and strong media and entertainment growth.

Facebook Inc's Instagram said that it will start tests next week on a new shopping feature through which users can buy products from US-based retailers via the photo-sharing app.