Chinese authorities have arrested 21 people on suspicion of defrauding around 900,000 people of more than 50 billion yuan ($7.6 billion), state media reported, after an online peer-to-peer lender turned out to be a giant Ponzi scheme.

Nippon Steel & Sumitomo Metal on Monday cut its full-year sales and profit forecast amid a slowdown in China and other overseas markets.

South Korea's exports, the main driver of the national economy, suffered their sharpest drop in more than six years in January, extending what is now a 13-month losing streak.

January updates on Asia's mammoth factory sector released on Monday showed the New Year began much as the old one ended -- with too much capacity chasing too little demand.

Barclays and Credit Suisse will pay $154.3 million combined to settle charges that they violated federal securities laws over their so-called "dark pools," the US Securities and Exchange Commission said Sunday.

European manufacturer of turboprop aircraft ATR said Monday it had signed a one-billion-euro deal with Iran Air for up to 40 planes after the dropping of US sanctions against Iran.

PLUMMETING oil prices have led to falling plane ticket prices -- and prospects for an even bigger bonanza of consumer-friendly fares in the coming months, airline industry experts say.

Mid-tier Chinese banks are increasingly using complex instruments to make new loans and restructure existing loans that are then shown as low-risk investments on their balance sheets, masking the scale and risks of their lending to China's slowing economy.

Nokia and Samsung are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish company.

With 360 villas and apartments around an artificial lake, swimming pools, a halal supermarket and a Muslim prayer area, the 'Sarajevo resort' is one of Bosnia's most ambitious residential projects to date.

Indonesia's biggest internet service provider blocks Netflix, upsetting its move into the country.

Facebook quarterly profit more than doubles as its ranks swelled during the past year to a mammoth user base of nearly 1.6 billion, the social media giant says.

Oil prices resumed their slide Asia Wednesday as long-running concerns over the saturated market overshadowed talk of possible coordination between some major producers to slash output.

Sony announced Tuesday it is moving its PlayStation business to Silicon Valley and consolidating its game console offerings under one roof.

South Korea's exports are expected to extend their slump in January as the global economy shows little sign of improving sharply, while inflation is seen likely to have cooled this month as global oil prices fall further.

Britain's trade unions are close to joining the push to keep the country in the European Union, bringing grass-roots muscle to a fight that has so far been dominated by big business and bankers, the head of the country's largest union group said.

The World Economic Forum (WEF) has created a new task force with Bank of England Governor Mark Carney and his counterpart at the

AS China sales show signs of cooling, Apple Inc is touting India's appetite for iPhones, betting that rising wages and an expanding middle class will pull consumers away from the cheap alternatives that currently dominate the market.

Japan's Canon said Wednesday that annual net profit fell 13.6 percent last year owing to weak demand for cameras in emerging economies and a slowdown in China.

US consumer products giant Procter & Gamble reported a jump in second-quarter earnings Tuesday, despite a strong dollar that continued to depress the value of foreign sales.