Australia's economy grew at a better-than-expected 1.1 percent in the first quarter of 2016, compared to the previous quarter, boosted by exports and a rise in household spending.

Japan has delayed plans to raise the country's sales tax to 10 percent from the current 8 percent.

Indian oil refiners will clear around 6 billion euros ($6.7 billion) of outstanding debt to Iran through Turkey's Halkbank soon, a senior Iranian economy official said on Wednesday.

ZhenFund, China's largest angel investment fund, is betting rising spending by young consumers in the country on everything from

Regulators in Hong Kong and Singapore have asked banks doing business there to disclose if they have dealings with entities and

The US Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records.

Oil prices dipped to around $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meeting while Canadian production was set to restart after huge wildfires.

Mahindra & Mahindra Ltd, India's top-selling utility vehicle maker, on Monday reported a 6 percent rise in quarterly net profit helped by strong sales of its newly-launched SUVs, and rising demand for trucks as the domestic economy slowly recovers.

India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers, as Prime Minister Narendra Modi strives to bring the rural poor into the mainstream banking system.

After two decades trying to make a life in China's entrepreneurial city of Wenzhou, Ji Shouquan and his brother Shoufang are ready to head home.

Chinese e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine, saying a local regulator has issued an "urgent" directive halting drug sales via third-party platforms.

A two-day exhibition of Indian man-made fibre textiles—Intexpo Bangladesh 2016—began at Pan Pacific Sonargaon Hotel in Dhaka yesterday.

The US stock market regulator has opened an investigation into the accounting practices of Chinese online giant Alibaba, a company document showed.

Austrian aircraft parts maker FACC said Wednesday that it has fired its chief executive of 17 years after cyber criminals stole some 50 million euros ($55.7 million) in a so-called "fake president" scam.

Indian flour mills have signed deals to import about 500,000 tonnes of Australian and French wheat this year for shipment between July and September as drought reduces domestic supplies, two trade sources said on Wednesday.

Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.

Microsoft announced Wednesday it would let go up to 1,850 employees and a Finnish union called it the end of the company's smartphone manufacturing business, bought from Finnish telecom equipment maker Nokia.

US technology group Hewlett Packard Enterprise said it plans to spin off and merge its corporate services business in a deal valued at $8.5 billion (7.6 billion euros).

Oil rose toward $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrinking supply will help erode any overhang of unwanted crude, particularly after industry data showed a sharp fall in US inventories.

The Reserve Bank of India (RBI) has stepped up fund injections in the two months since Governor Raghuram Rajan pledged to gradually erase a cash deficit in the financial system, but commercial banks say it is still not enough for them to sharply lower interest rates.