India's gold imports could hit a record high this year amid widespread smuggling to sidestep government levies on overseas shipments, Australia and New Zealand Bank, Asia's biggest shipper of physical gold, said on Wednesday.

The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside.

India will start imposing capital gains tax on investments coming from Mauritius starting next year, after the two countries agreed to amend a three-decade old treaty that brought in billions of dollars in investment but was suspected of abetting tax evasion.

Colombian President Juan Manuel Santos said a tax reform bill, considered vital to help the country cope with plunging oil revenues, will be approved by Colombia's congress before the end of 2016 and would not be delayed by the country's peace process.

India's top court criticised the government Wednesday for failing to set up a disaster fund to help drought-hit farmers and villagers suffering crop losses and severe water shortages.

Mitsubishi Motors said Wednesday that its years-long cheating on fuel-economy tests did not affect cars sold overseas, potentially limiting the scope of a scandal that has plunged the automaker into crisis.

Qatar Airways has delayed the launch of the world's longest scheduled direct flight -- from Doha to Auckland, New Zealand -- by two

A sharp plunge in sales has pushed the Taiwanese phonemaker HTC into a loss for the three months to March, as it struggles to compete with the likes of Apple and Samsung.

China is planning to remove the need for State Council approval for large, sensitive outbound deals and will allow Chinese companies to vie for the same target, a move likely to further boost record overseas acquisitions by Chinese companies.

Pakistan must speed up reform of the energy sector and bring more women into the labour force if it wants to quicken economic growth that lags far behind regional peers, the World Bank's country representative said on Monday.

Greek lawmakers late Sunday adopted a controversial package of pension cuts and tax hikes despite mass public opposition, bowing to creditor demands in a bid to unlock the next tranche of badly-needed bailout funds.

Hindustan Unilever Ltd (HUL), India's largest consumer goods firm, expects a sequential improvement in first-quarter volume growth, its chief financial officer said on Monday, after the firm's fourth-quarter results beat expectations.

New global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists.

Britain's pharmaceuticals trade body has come out firmly against the country leaving the European Union, warning on Monday that an exit could put British patients at the back of the queue for new medicines.

The number of company bosses in Britain who want the country to stay in the European Union has risen slightly but just over half think Britain would eventually prosper on its own, according to a survey published on Monday.

Crude prices extended gains in Asia Monday as raging wildfires hit production in Canada, while traders digested news that Saudi Arabia had replaced its oil minister.

US employers cut back hiring in April in the wake of the economy's sharp downturn, raising worries of a protracted slowdown in the world's largest economy.

Scandal-hit Toshiba on Friday appointed a new president to steer the vast conglomerate past a huge accounting scandal that has hammered its reputation.

Strangled by debt and a decade of recession, US territory Puerto Rico is pleading for help from Congress.

India could teach China a thing or two about dealing with bad debt. Banks in the world’s two most populous countries have lent