Saudi officials have finalised a detailed plan to diversify the kingdom's economy away from oil and have sent it for cabinet approval, official media said on Monday.

India is committed to protecting state banks suffering from mounting bad loans after they reported almost $2.7 billion in losses in the last two quarters, Finance Minister Arun Jaitley said Monday.

More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January.

China's indigenous automotive brands lack pricing power and lag established global brands in major market segments such as sedans, challenges that are slowing their otherwise rapid ascent in the world's biggest auto market, an industry executive said.

Saudi Arabia promised on Thursday not to flood the oil market with extra barrels as Opec entered a heated debate about production policy, with Iran insisting on the right to raise output steeply.

Global manufacturing activity remained stuck in a rut last month with factory output from Asia to Europe barely improving as producers struggled to bring in new orders, surveys released on Wednesday showed.

Australia's economy grew at a better-than-expected 1.1 percent in the first quarter of 2016, compared to the previous quarter, boosted by exports and a rise in household spending.

Japan has delayed plans to raise the country's sales tax to 10 percent from the current 8 percent.

Indian oil refiners will clear around 6 billion euros ($6.7 billion) of outstanding debt to Iran through Turkey's Halkbank soon, a senior Iranian economy official said on Wednesday.

ZhenFund, China's largest angel investment fund, is betting rising spending by young consumers in the country on everything from

Regulators in Hong Kong and Singapore have asked banks doing business there to disclose if they have dealings with entities and

The US Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records.

The Philippine central bank said on Wednesday it had revoked the licence of a remittance company that anti-money laundering investigators said was used to transfer some of the $81 million hackers looted from the Bangladesh central bank.

Coca-Cola and its Mexico-based bottling franchise Coca-Cola FEMSA have agreed to buy soy drinks maker AdeS from Unilever in a deal worth $575 million, Unilever said Wednesday.

Oil prices dipped to around $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meeting while Canadian production was set to restart after huge wildfires.

Mahindra & Mahindra Ltd, India's top-selling utility vehicle maker, on Monday reported a 6 percent rise in quarterly net profit helped by strong sales of its newly-launched SUVs, and rising demand for trucks as the domestic economy slowly recovers.

India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers, as Prime Minister Narendra Modi strives to bring the rural poor into the mainstream banking system.

After two decades trying to make a life in China's entrepreneurial city of Wenzhou, Ji Shouquan and his brother Shoufang are ready to head home.

Chinese e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine, saying a local regulator has issued an "urgent" directive halting drug sales via third-party platforms.

A two-day exhibition of Indian man-made fibre textiles—Intexpo Bangladesh 2016—began at Pan Pacific Sonargaon Hotel in Dhaka yesterday.