Samsung Group announced Tuesday the merger of two major affiliates, as the South Korean business giant accelerates restructuring

China's yuan currency is no longer undervalued after its recent substantial appreciation, but the government should quicken reforms to get to having "a floating exchange rate", the International Monetary Fund said on Tuesday.

Online retail giant Amazon said Tuesday it has started declaring sales in four European countries which would now be subject to local taxes, a move that could affect other multinationals under EU investigation for possible tax avoidance.

Suay Ing was nine when she was first employed as a domestic worker, cleaning for a family and sleeping in their laundry room in the northern Thai city of Chiang Mai for $10 a month.

India's central bank has room to cut interest rates further with inflation expected to remain under control in coming months, the

The operator of the tsunami-crippled Fukushima nuclear plant has jointly won a large power and water infrastructure contract in the desert state of Qatar, it said Monday.

Struggling Greece will keep on repaying its EU-IMF creditors for as long as it can, with some 300 million euros due next week and no deal in talks over the country's remaining bailout funds, a spokesman said Monday.

Africa's overall economy should advance in 2015, expanding by 4.5 percent, showing resilience despite weak commodity prices and the devastating Ebola epidemic, an annual report published Monday said.

Criticised and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.

Oil prices rose on bargain-hunting in Asia Monday after falling last week but a supply glut and a resurgent dollar are likely to temper gains, analysts said.

Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding that will be unveiled next week and changes planned to its fleet and network strategies.

Iran will scrap a petrol allowance from midnight on Tuesday as part of a 2010 plan to phase out subsidies on energy products and boost the economy, media reported.

Celebrated among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm for change has waned as Europe loses its appetite for further belt-tightening.

China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate.

If there's one key selling point that aerospace giants Airbus and Boeing have both been using in marketing their new aircraft, it is fuel efficiency.

Australia is world-renowned for its love of beer. But its passion for a different type of brew -- coffee -- is what has been making global headlines recently.

Two of Nigeria's biggest banks on Monday announced they were shutting branches early due to a lack of fuel, in the latest sign of shortages hitting businesses.

Contractual appointment of Enamul Hoque Chowdhury as press minister at Bangladesh High Commission in New Delhi has been extended by one more year.

The gap between the rich and the poor keeps widening, the Organisation for Economic Cooperation and Development (OECD) says.

The "spectre of deflation" is spurring the world's major central banks into a dangerous struggle for stronger domestic growth that imperils financial markets and ignores the needs of developing nations, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.