A Hong Kong-based lobby group representing global banks and investors is considering challenging a controversial tax in India's Supreme Court, escalating a row that has eroded investor confidence in Prime Minister Narendra Modi's government.

A Hong Kong-based lobby group representing global banks and investors is considering challenging a controversial tax in India's Supreme Court, escalating a row that has eroded investor confidence in Prime Minister Narendra Modi's government.

A global oil glut is building as Opec kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant US shale production, the International Energy Agency (IEA) said on Wednesday.

Japanese auto giants Toyota and Nissan on Wednesday said they were recalling 6.5 million vehicles globally in the latest chapter of an exploding airbag crisis linked to several deaths.

Hang Seng Bank, a Hong Kong-based subsidiary of British banking giant HSBC, on Tuesday announced the sale of a 10 percent stake in China's Industrial Bank in a transaction that could be worth $4.74 billion.

India's smaller infrastructure firms are turning to share sales to fund new projects, cashing in on a boom in the country's stock market just as banks have scaled back on credit due to rising bad loans and slowing earnings growth.

Apple Inc is in talks with Chinese banks and Alibaba Group Holding Ltd on launching the firm's mobile payments system in China, Chief Executive Tim Cook told the official Xinhua news agency in an interview published on Tuesday.

Greece was forced to tap into an emergency account to make a debt interest payment to the International Monetary Fund (IMF), it has emerged.

Australia has slashed its foreign aid budget by almost Aus$1.0 billion (US$800 million) with Asian and African countries bearing the brunt, according to budget papers released Tuesday.

Telenor ASA named Sigve Brekke as new chief executive officer to replace retiring Jon Fredrik Baksaas as the carrier expands its business in fast-growing Asia.

The Asian Development Bank on Tuesday approved a $6 billion loan to help build up Pakistan's dilapidated power network and other key infrastructure, Islamabad said.

Chinese online shopping giant Alibaba Group Holding Ltd is rolling out a three-hour delivery service for healthcare goods, mimicking rival JD.com Inc.

Auto sales in China, the world's largest car market, fell 0.5 percent year-on-year to 1.99 million vehicles in April, an industry group said Monday.

Global oil prices dipped Monday as investors took their cue from the rebounding dollar, awaited fresh US economic data and digested another Chinese interest rate cut.

Greece pushed Europe on Monday to back its reform plans and free up cash before a huge repayment to the IMF, but ministers meeting in Brussels warned there would be no bailout deal yet.

China overtook the United States as the world's top importer of crude oil for the first time in April, and its purchases are expected to remain strong despite a slowing economy, with far-reaching consequences for global oil and commodities markets.

Australia Monday announced plans to go after large multinational firms shifting profits offshore to minimise taxes, with 30 companies in the government's sights.

China's smartphone market has reached saturation, according to a new study by industry analyst IDC that carries potentially

An unpopular new consumption tax has handed fresh ammunition to critics of Malaysia's embattled prime minister, with angry consumers complaining it has sent some prices surging, and economists warning it could harm growth.

Russia has temporarily stopped importing potatoes from Bangladesh due to food safety and disease risks, a senior official said yesterday.