Toyota recalls 625,000 hybrid vehicles globally, mostly the Prius model favoured by the eco-conscious including Hollywood celebrities, over a defect that can bring the car to an unexpected stop.

China's total trade slumped in the first half of this year, official data showed Monday, falling well short of the government's targets and dealing a blow to the global economy from its biggest trader in goods.

Oil prices fell in Asia Monday as Iran and major western powers said they were closer than ever to a landmark nuclear deal that would lift sanctions and see Tehran's crude exports return to global markets.

India is meeting stiff resistance in its drive to make the buying of gold jewellery more transparent and to channel demand into paper gold to stop the metal being used to hide billions of dollars of undeclared 'black money'.

Come December, Thailand will have more solar power capacity than all of Southeast Asia combined as record sums of money is poured into the sector in the hopes of nurturing a new energy source to help drive the region's second-biggest economy.

EUROZONE leaders have reached agreement over a third Greek bailout after marathon talks in Brussels.

GREEKS greeted news of a deal with creditors on Monday with a measure of relief mixed with much anger, particularly at Germany, after it became clear Greece will have to swallow more austerity that could fracture the government and spark a backlash.

India's inflation rate rose faster than analysts' expectations in June, official data showed Monday, dampening hopes of further interest rate cuts by the country's central bank later this year.

US, European and Asian energy firms will compete Wednesday in Mexico's first oil auction since a historic reform brought back private investors, nearly 80 years after they were kicked out.

People can swap their old banknotes for new notes ahead of the EId festival next week under a special initiative of Bangladesh Bank.

Stocks remained mostly stable yesterday amid expectations of positive earnings declarations by listed firms.

Japanese experts teamed up with local engineers to make a garment factory in Ashulia more earthquake-resistant by systematic retrofitting.

Saudi Arabia appoints a housing minister with a background as a real estate developer, strengthening a trend towards giving top government jobs to people from the private sector as the kingdom grapples with economic and social welfare issues.

An accounting scandal involving massive Japanese conglomerate Toshiba deepened on Saturday as reports said the company's president

Indian firms battling towering debts are calling for more interest rate cuts as they worry the central bank is tying monetary policy too

Australia's tax authority has warned large multinational firms it is looking into the use of offshore marketing hubs over concerns such

Last-minute tourist reservations for Greece have plunged by nearly a third since early last week as uncertainty piles up around the eurozone country, the Greek Tourism Confederation said Wednesday.

The warmth of the friendship between Chinese President Xi Jinping and Russia's Vladimir Putin -- who meet Wednesday for the eighth time in two years -- does little to counter the bitter economic winds blowing through their shared border.

TENS of millions of retail investors in China are learning a hard lesson as once high-flying stock prices plunge, sparking sadness and anger.

China stocks took another plunge Wednesday, as the securities regulator warned the market was in the grip of "panic" selling after fresh government moves failed to arrest a rout that has now infected regional markets.