Standard Chartered's new Chief Executive Bill Winters plans to cut about 1,000 of the bank's most senior staff to reduce costs, according to a memo sent to staff, as he battles to revive the bank following a sharp drop in profits.

Finance ministers from the world's leading economies gave the green light Friday to a new plan to crack down on tax evasion by multi-national corporations which costs countries at least $100 billion a year.

Plunging nickel prices and the market woes of world mining giants have shaken the French territory of New Caledonia, a tropical archipelago in the Pacific that is hostage to the metal's fortunes.

As once-stellar growth rates start to dip, watchers of China's mammoth economy worry that it could be worse than it looks because the official figures might not be telling the whole story.

The Russians have completed the feasibility study and prepared the design for construction of the Rooppur 2400 megawatt nuclear power plant.

New car registrations in Germany, a key measure of demand in one of the most important sectors of Europe's top economy, rose in

In the boom times when the price of gold was soaring, Ebenezer Sam-Onuawonto had a dream job and a dollar salary many times the national average in this mining town in southwestern Ghana.

BANGLADESHI mobile operators need more freedom in using spectrum to offer more convenient internet services, said a senior official of Telenor.

GOLD prices in India continued to trade at a discount for a fourth straight week, while premiums in China fell before it went on a week-long national holiday, in signs of sluggish demand in top consuming region Asia.

Volkswagen AG said on Saturday it was suspending sales of some diesel vehicles in Australia that may have been fitted with devices designed to mask the level of emissions.

A Bangladesh-China joint venture has invited bids for building the planned 1,320-megawatt coal-based power plant in Payra, Patuakhali.

Sri Lanka Friday asked citizens holding Swiss bank accounts to redeposit the cash in their home country and promised there would be "no questions asked" if they do.

India's bid to compel producers to export millions of tonnes of surplus sugar will fail without significant subsidies or at least penalties for failing to comply, trade and industry sources said on Friday.

Spending among Japanese households rebounded in August, data showed Friday, offering a glimmer of hope after a string of weak figures, but economists warned the world's number three economy was still headed for recession.

Flanked by interest rate decisions in Britain, Japan and Australia, the IMF's annual meeting in Lima takes centre stage in the calendar next week, with policymakers focussing on China's economic slide and its impact on the rest of the world.

GOOGLE Inc has morphed into Alphabet Inc. After US markets closed on Friday, Alphabet replaced Google as the publicly traded company that will house Google's search and Web advertising businesses, maps, YouTube and its "moonshot" ventures such as driverless cars.

Amazon on Friday said it will stop selling Apple TV and Google Chromecast devices that compete with the online retail titan's own media-streaming hardware.

ECONOMIC growth in the European Union is too weak to allow for Ukraine to join the 28-member bloc, according to leading US economist and reformer Jeffrey Sachs.

A US-Japan agreement on autos trade as part of a sweeping Pacific Rim trade deal would have its own dispute settlement mechanism, including penalties, if Japan does not open its market enough to US vehicles, a source close to the negotiations said on Friday.

WAL-MART Stores' expanding network of large distribution centers will allow it to deliver packages throughout the United States in two days, setting it up to compete more efficiently in online holiday sales, a senior executive said on Thursday.