INDIA'S government on Tuesday withdrew the two largest-denomination banknotes from circulation in a bid to tackle tax evasion and corruption.

The US dollar, Mexican peso and world stocks began to steady in the European morning on Wednesday, having been hammered overnight as Donald Trump swept to victory in the US presidential election.

The European Union on Wednesday nearly halved its economic growth outlook for Britain in 2017 due to the impact of the Brexit vote to leave the bloc.

The European Union on Wednesday raised its eurozone growth forecast for this year but trimmed it for next year, warning that the economy faced new challenges due to Brexit and increased volatility.

Donald Trump's victory in the US election sent shockwaves through industries that rely on open trade, from airlines to cars and IT outsourcing, even though many executives remain unsure what his protectionist rhetoric will mean in practice.

Oil prices fell in Asia on Wednesday as Republican candidate Donald Trump defeated Democratic rival and market favourite Hillary

Bangladesh and Sri Lanka have agreed to sign a free trade agreement (FTA) to boost bilateral trade, the commerce ministry said in a statement yesterday.

After Britain's shock vote to quit the EU, Donald Trump's victory is a new powerful sign of a popular backlash against the drive for globalisation and more free trade.

Bangladesh should start negotiations with the new US government to get back the generalised system of preferences (GSP) and duty-free market access for apparel items, garment exporters said yesterday.

Luxembourg's administrative court on Tuesday rejected an appeal by former IMF chief Dominique Strauss-Kahn, confirming his obligation to pay 75,000 euros in back taxes from a now-bankrupt investment firm he once chaired.

EU finance ministers on Tuesday painfully agreed on the criteria to draw up a European blacklist of tax havens, but Britain watered down the proposal, eager to protect low tax dependencies such as Bermuda and Guernsey.

Moscow stocks ticked up Wednesday on news of Donald Trump's victory in the US presidential election, running counter to falls in global financial markets, amid hope that Trump would mend relations with Moscow.

Price for goods at the factory gate rose in China for the second straight month in October, officials said Wednesday, in a sign of strengthening demand in the world's second-largest economy.

Opec's job of trying to prop up oil prices has just got much harder.

Pharmaceutical stocks surged in Europe on Wednesday as Republican Donald Trump's US presidential election win led investors to conclude the threat of tough action on drug pricing had receded.

The Indian government and three state-run firms will jointly set up an equity fund of up to $2 billion for renewable energy companies to tap into to help New Delhi meet its clean energy goals, two government sources told Reuters on Wednesday.

Standard Chartered could face "financial consequences" after an investigation in Hong Kong over its role in an initial public offering, the firm said as it reported more disappointing earnings results which sent its share price tumbling.

Ratan Tata, interim chairman of India's Tata Sons conglomerate, will outline a revamped top management structure for the $100 billion group within days, a person close to the company told Reuters on Tuesday.

Lisbon is betting that hosting the Web Summit, Europe's largest tech event, will spur the growth of startups and draw foreign investors, helping it compete with the continent's main innovation hubs.

US fast-food giant McDonald's has agreed to pay $3.75 million to settle a labour dispute with workers at a California franchise, according to court documents seen Tuesday by AFP.