Crude prices extended gains in Asia Monday as raging wildfires hit production in Canada, while traders digested news that Saudi Arabia had replaced its oil minister.

A sharp plunge in sales has pushed the Taiwanese phonemaker HTC into a loss for the three months to March, as it struggles to compete with the likes of Apple and Samsung.

China is planning to remove the need for State Council approval for large, sensitive outbound deals and will allow Chinese companies to vie for the same target, a move likely to further boost record overseas acquisitions by Chinese companies.

Pakistan must speed up reform of the energy sector and bring more women into the labour force if it wants to quicken economic growth that lags far behind regional peers, the World Bank's country representative said on Monday.

Greek lawmakers late Sunday adopted a controversial package of pension cuts and tax hikes despite mass public opposition, bowing to creditor demands in a bid to unlock the next tranche of badly-needed bailout funds.

Hindustan Unilever Ltd (HUL), India's largest consumer goods firm, expects a sequential improvement in first-quarter volume growth, its chief financial officer said on Monday, after the firm's fourth-quarter results beat expectations.

New global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists.

Britain's pharmaceuticals trade body has come out firmly against the country leaving the European Union, warning on Monday that an exit could put British patients at the back of the queue for new medicines.

US employers cut back hiring in April in the wake of the economy's sharp downturn, raising worries of a protracted slowdown in the world's largest economy.

Scandal-hit Toshiba on Friday appointed a new president to steer the vast conglomerate past a huge accounting scandal that has hammered its reputation.

Strangled by debt and a decade of recession, US territory Puerto Rico is pleading for help from Congress.

India could teach China a thing or two about dealing with bad debt. Banks in the world’s two most populous countries have lent

Two groups signalled their interest in buying the British assets of Tata Steel on Tuesday, offering hope that thousands of jobs could be saved after weeks of uncertainty.

US companies pulled back on hiring in April, payrolls group ADP said Wednesday, in a fresh sign of continued sluggishness in the economy.

Brazil state oil giant Petrobras announced Tuesday it has concluded the sale of $1.38 billion in assets in Argentina and Chile.

German engineering giant Siemens pledged Wednesday to expand its renewables business, after posting a set of results that it deemed "convincing".

Earthquake-stricken Nepal cut its economic growth forecast on Tuesday for the fiscal year that ends in mid-July to the lowest in 14 years, saying persistent fuel shortages after a blockade of its border with India have hampered economic activity.

India has rejected a plan by Apple Inc to import used iPhones, government officials said on Wednesday, a blow to the US tech giant that has been seeking to revive waning sales of its flagship smartphones.

Oil prices rebounded in Asia Tuesday but nagging worries about excess supplies kept them below 2016 highs after data showed Iran and Iraq increasing output.

Australia on Tuesday unveiled a further push to crack down on tax avoidance by multinational companies, imposing a 40 percent penalty rate on firms that shift profits offshore.