Tensions with Russia could cost Turkey's economy $9 billion in the worst case scenario of "zero relations", Turkish Deputy Prime Minister said Monday.

China's foreign exchange reserves fell to their lowest level in nearly three years in November, official data showed Monday, with analysts blaming "record" capital outflow on expectations the yuan will depreciate.

Indian regulators have launched an unprecedented drive to boost corporate transparency, bombarding firms with disclosure demands, but clumsy execution has created suspicions of a box-ticking exercise that may not entirely achieve its aim.

Anil Ambani's telecom ambitions are almost credible again. The Indian tycoon's Reliance Communications is in exclusive talks to sell

Brazil's economy contracted 4.5 percent year-on-year in the third quarter, officials said Tuesday, reflecting a steeper than expected recession in the world's seventh largest economy.

US businesses are increasingly pessimistic about the US economy and are slashing plans for investment that is vital for growth, a private

India is taking steady steps towards an increasingly free currency, Reserve Bank of India governor Raghuram Rajan said on Tuesday, but it will avoid a "big bang" liberalisation.

Australia's economy is on track for healthy growth this year, new figures showed Wednesday, with a bounce in exports helping accelerate its shift from an unprecedented resources boom.

QATAR'S government has rejected a report by Amnesty International which said abuse of migrant labourers in the Gulf Arab state remains "rampant" five years after it won the right to host the World Cup.

Institutional investors are fleeing fossil fuels even as some major banks continue to pour money into coal, according to reports released at a UN climate conference Wednesday.

DESPITE numerous pledges and years of effort to transform Southeast Asia into a single market, the 10-nation region remains resistant

Yahoo's board will meet to discuss whether it should sell its core business instead of its Alibaba stake, according to a report Tuesday in The Wall Street Journal.

French dairy giant Danone said Wednesday it had reached a final agreement to sell its Dumex baby-milk business in China, which had been tarnished by bribery claims and a safety scare.

A senior government official floated the idea this week of setting up a national gold exchange to overhaul physical trade in the world's second-biggest bullion market.

Pakistan must raise an extra $379 million through new tax measures, the finance minister said on Monday, as the government seeks to qualify for its latest IMF loan tranche.

The extended deadline to submit tax returns ended yesterday.

The Federal Reserve Board will consider a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG, Citigroup and others in 2008.

As many Americans bought online as they did in physical stores during the Thanksgiving weekend shopping splurge, the National Retail Federation said Sunday, highlighting a growing trend away from the traditional Black Friday consumer assault.

NEW York is reassuring tourists that America's biggest city is safe as it prepares to welcome more than five million visitors for the busy holiday season after the Paris attacks.

INDIA'S economy grew by 7.4 percent year-on-year in the last quarter, official figures showed Monday, outperforming China and giving Prime Minister Narendra Modi a boost following a recent election drubbing.