Brazil to spend $55 billion to defend sagging real
Markets and analysts cheered Friday after Brazil's central bank pledged $55 billion until year's end to prop up the sagging real while Latin America's biggest economy is showing weak growth.
Microsoft eyes new course as Ballmer sets retirement
Microsoft chief executive Steve Ballmer announced Friday he would retire within 12 months, opening a new chapter for a company struggling to keep pace with the fast-changing tech sector.
Nokia says India 'least favourite market': report
Finnish telecom giant Nokia has told India's government that the country is now its "least favourable market" to operate in and it makes better sense to export its products from China.
23 August 2013
Global manufacturing data helps Asia markets rebound
Asian markets firmed on Friday as a slew of upbeat manufacturing data from around the globe overshadowed concerns about the US Federal Reserve's plans for its stimulus programme.
23 August 2013
UK Islamic TV channel fined for inciting violence
Britain's broadcasting watchdog fined an Islamic television channel £85,000 ($133,000, 99,700 euros) after a presenter said anyone disrespecting the Prophet Mohammed should be killed.
22 August 2013
China manufacturing rebounds: HSBC
A closely watched indicator of Chinese manufacturing turned positive for the first time in four months in August, HSBC said Thursday, in a sign of renewed strength in the world's second-largest economy.
22 August 2013
US manufacturing gaining on competition: study
After decades of hollowing out, US manufacturing is overtaking competitors and stands to grab up to $115 billion more in export business from rivals by 2020.
Tokyo shares open lower after Wall Street losses
Tokyo shares opened lower Tuesday, following a weak showing on Wall Street as speculation lingers that the US Federal Reserve will scale back its bond-buying programme.
20 August 2013
Japan firm says skin stain complaints top 7,000
Japanese cosmetics maker Kanebo said Monday the number of complaints about skin discolouring from using its whitening products has topped 7,000 from customers both at home and abroad.
AOL trims its Patch news operations
AOL said Friday it was cutting an unspecified number of jobs at its Patch hyperlocal news operations, while consolidating or closing some Patch sites.
18 August 2013
Ikea recalls children's beds due to laceration hazard
The world's leading furniture chain Ikea on Thursday issued a recall of two models of children's beds after several reported cases of a broken metal rod that exposed sharp edges.