Major Russian mobile operator Mobile TeleSystems (MTS) has abandoned its stake in a lucrative joint venture in corruption-prone Uzbekistan, the Central Asian country's communications ministry said late on Friday.

US employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year.

Finnish telecom equipment manufacturer Nokia said Thursday it aims to accelerate savings after costs of absorbing former French-American rival Alcatel-Lucent pushed it into a second-quarter loss.

US bank JPMorgan Chase denied Friday that it ever intended to buy troubled Italian rival BMPS, as people close to the alleged deal had reported.

Bitcoin, a Florida judge says, is not real money. Ironically, that could provide a boost to use of the crypto-currency which has remained in the shadows of the financial system.

Two business groups sued the Obama administration on Thursday over a crackdown on US companies that try to reduce their US taxes by rebasing abroad in a process known as inversion.

When police stopped a van that was travelling across central Afghanistan to the western city of Herat, they were in for a big surprise: it was full of Western tourists.

A federal judge rejected PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage once run by former New Jersey Governor Jon Corzine.

WILL India, a $2 trillion (£1.5 trillion) economy with 1.3 billion consumers, now become a truly single market?

Alibaba Group Holding Inc is not making an investment in Netflix Inc, Alibaba spokesman Bob Christie told Reuters on Friday.

Toyota Motor Corp flagged its smallest annual profit in four years for 2016/17 as the Japanese automaker braces for the impact from a strengthening yen amid slowing demand for some of its car models in the key North American market.

Nokia's second-quarter profit fell more sharply than expected as telecom operators around the world spent less on faster mobile networks, prompting the company to lift its cost-cutting target following its merger with Alcatel-Lucent.

India's Rajya Sabha backed a major tax reform on Wednesday that seeks to transform the country into a common market, though opposition benches urged Finance Minister Arun Jaitley not to overtax businesses and consumers.

In early October 2008, then Business Minister Shriti Vadera called a secret meeting of bankers and government officials on the top floor of Standard Chartered's City of London headquarters to address Britain's biggest peacetime crisis. The collapse of Lehman

UK interest rates have been cut from 0.5 percent to 0.25 percent and the Bank of England has signalled that they could go lower if the economy worsens.

Ford Motor Company on Thursday announced the recall of 830,000 cars and vans in the United States and Mexico for the replacement of faulty side-door latches.

AirAsia, Asia's biggest budget airline, will kick off the sale of its leasing unit this month, seeking to cut debt with a deal that could value the business at about $1 billion, people familiar with the matter told Reuters.

Samsung Electronics Co Ltd on Wednesday unveiled a new Galaxy Note smartphone with a curved screen and iris-recognition technology, seeking to build on the sales momentum that has helped it roar back to surging profit growth.

Two Sri Lankan economists told a summit attended by President Maithripala Sirisena and his finance minister on Tuesday the government's economic policies were destabilising and inconsistent, one calling its price controls "supreme idiocy".

Marking an end to the long and tumultuous debate on goods and services tax, India's Rajya Sabha yesterday approved a crucial constitutional amendment clearing the way for its biggest tax reform since independence. The Lok Sabha had already passed the key bill.