Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters

January-March operating profits were expected to rise 931.3 % to 6.6 trillion won ($4.89 billion) while operating profits in the same period last year totalled around 640 billion won

Bangladesh power firms more than doubled coal-fired electricity generation in 2023 from 2022 to a record 17 terawatt hours (TWh), data from energy think tank Ember shows

Elon Musk's auto giant reported 386,810 global deliveries over the period, down 8.5 percent, reflecting in part a weak sales market in China, where it faces heavy competition from local electric vehicle (EV) makers

Telenor on Wednesday said its Norwegian unit will lay off around 100 employees and substantially reduce its number of temporary staff and consultants

Crisis-hit Sri Lanka will return to growth this year, the World Bank said Tuesday, but around a quarter of the country's citizens will remain living in poverty

As Yellen arrives in China on Thursday, what issues does she face?

The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters

Domestic gold futures rose to 69,487 Indian rupees ($834.07) per 10 grams, up nearly 10 percent so far in 2024

Export powerhouses Japan and South Korea saw manufacturing activities shrink, as well as Taiwan, Malaysia and Vietnam in a sign of the fragile state of the region's economies

India's gross domestic product is on track to grow by 8 percent or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday.

Local retailers post up to 65% rise in monthly scooter sales

It hit a record high of $642.63 billion as of March 22

Authorities have warned that extensive work is needed before the major port can reopen following Tuesday's catastrophic cargo ship collision, which has blocked the harbour's entrance.

India has asked traders, major retailers and food processors to declare wheat stocks every Friday from April to prevent hoarding and price spikes, the government said on Friday

Sri Lanka's years-long economic crisis was high on the agenda during Gunawardena's trip, with China accounting for around 10 percent of the South Asian country's total foreign debt

Under the currency swap agreements introduced last month, the banking regulator took $1.17 billion from commercial banks and injected around Tk 20,000 crore in the form of local currencies into the banking system, according to several central bankers.

Customers spent Tk 2,678 crore in Jan this year, up from Tk 2,674 crore in Dec 2023

It hit $19.45 billion on March 27, down from $19.98 billion on March 20

H&M said Wednesday its net profit more than doubled in the first quarter as the world's second biggest fashion retailer worked to control costs