Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said on Wednesday.

India's top builders have pledged to make at least a fifth of their new housing developments sustainable by 2022, as the country looks to tap sectors other than renewable energy to meet its ambitious climate goals.

British consumer health giant Reckitt Benckiser has agreed to offload its sauces division to US spicemaker McCormick for $4.2 billion (3.6 billion euros), the groups said Wednesday.

Sweden, the Netherlands and Germany are among the best placed wealthy countries to cope with shocks like large-scale migration due to their strong safety nets, education programmes and economic opportunities, says a global report by KPMG.

The EU recommended Wednesday that three times bailed-out Greece has made enough progress in balancing its budget to be removed from special oversight of government spending.

India's annual retail inflation eased in June to its slowest pace in more than five years, as food prices fell, building pressure on the central bank to cut interest rate when it meets for a monetary policy review on Aug 2.

Britain's unemployment rate dipped to 4.5 percent in the quarter to May, a new 42-year low, official data showed on Wednesday.

France will cut taxes on businesses and individuals by roughly 11 billion euros ($12.6 billion) next year, faster than the government had

China appears to be considering further reforms to its foreign exchange market such as reduced state meddling and freer trading of the yuan, but analysts are sceptical about its efforts to relax currency controls.

Germany's cabinet agreed Wednesday to tighten scrutiny on takeovers of companies in strategic industries by buyers outside the EU, the Economy Ministry said, reacting to Europe-wide disquiet over Chinese takeovers.

Global oil companies are facing the twin challenges of an abundance in supply coupled with pressure to reduce carbon emissions and there is no "quick fix" solution, the chief executive of BP said on Wednesday.

Malaysia has rounded up over 3,000 undocumented migrant workers this month in a major crackdown, prompting alarm Wednesday from lawmakers across the region who said the campaign was "victimising the vulnerable".

The United States is healthy enough to absorb further gradual rate increases and the slow wind down of the massive bond portfolio

Brazilian consumer prices fell last month for the first time in more than a decade, a potential boost for President Michel Temer as he faces bribery charges.

Samsung Electronics expects profits to soar 72 percent in the second quarter to a record high, it said Friday, as it moves on from a recall debacle thanks to rising memory chip prices and increased demand for smartphones.

Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region.

The Federal Reserve said Friday it sees hopeful signs that business investment is poised to rebound from the doldrums of the global financial crisis and boost the US economy.

French authorities on Friday stepped up efforts to attract London banks to Paris after Brexit by pledging to cut labour costs and ensure they do not face tougher regulations than European rivals.

The World Bank on Saturday launched a public-private loan programme aimed at providing over $1 billion to support women entrepreneurs in developing countries, a project first initiated by US President Donald Trump's daughter Ivanka Trump.

A significant pickup in inflation still remains tantalizingly out of reach in most developed economies -- aside from asset prices -- yet several central banks are leaning toward launching or stepping up efforts that could slow it down.