Six officials of Chinese megabank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said on Saturday.

With his rickety bicycle and sackcloth mail bag, 62-year-old Indian postman Chet Ram does not look like a worker at the vanguard of an e-commerce revolution delivering everything from mobile phones to cow manure.

Just seven months ago, Sweden's Handelsbanken was worth almost $20 billion less than Deutsche Bank. This month, it eclipsed Germany's flagship lender.

The head of Nestle's Asian business is hoping to restore revenue in India within three years to levels preceding the recall of its Maggi instant noodles from the market last year over a health scare, newspaper Schweiz am Sonntag reported.

Energy-rich Azerbaijan refused Tuesday to join global producers Saudi Arabia and Russia in freezing crude output to prevent a further slide in oil prices.

A Federal Reserve regional president called Tuesday for the dismantlement of big banks whose failure could pose serious risk to the global financial system.

Financial markets that predicted eight of the last six recessions may be yet be wrong again, but market stress itself is now part of the calculus and leaves the world more open to left-field shocks.

US industrial production rebounded in January from a three-month slowdown as cold winter weather pushed up utility demand, the Federal Reserve reported Wednesday.

Iran's oil minister started talks Wednesday with his Iraqi, Venezuelan and Qatari counterparts as investors watched whether Tehran would follow Saudi Arabia and Russia's pact to freeze output.

Britain's unemployment rate remains at its lowest level in a decade, official data showed on Wednesday.

US President Barack Obama on Tuesday announced a package of measures designed to boost Southeast Asian economies, betting that the fast-growing region can be an ever more important trade partner.

AIRBUS and Boeing announced billion-dollar deals at Asia's largest airshow in Singapore Wednesday, underscoring the region's role as a driver of industry growth despite greater caution among plane buyers.

JAPANESE auto giant Nissan will start assembling cars in Myanmar for the first time this year, the company said Wednesday, as it expands its presence in one of Asia's final economic frontiers.

Saudi Arabia, Russia, Qatar and Venezuela have agreed to freeze their oil output at January levels if other producers follow suit.

China's yuan currency surged more than one percent against the dollar on Monday, its biggest rise in over a decade, after the central bank chief said there was no reason the beleaguered unit should fall further.

German economic growth could pick up again modestly in the first three months of 2016, driven by robust domestic demand, the country's national central bank said on Monday.

Japan's economy contracted in the last quarter of 2015, official data showed Monday, dealing another blow to Prime Minister Shinzo Abe's faltering bid to boost growth.

Thailand's economic growth accelerated in 2015, official figures showed Monday, after the junta boosted spending to pump up an economy that has wilted amid years of political turmoil.

EUROPE'S largest bank HSBC informed the financial markets on Monday it would remain headquartered in Britain, rejecting a move to Hong Kong despite concerns about increased regulation in the UK.

CHINESE trade slumped in January, authorities said Monday, as both exports and imports tumbled with feeble domestic and global demand dragging on the world's second-largest economy.