South Korea said Monday it will fine Nissan for manipulating emissions data on a popular diesel sports utility vehicle, bringing the Japanese car giant into a widening global scandal that has already ensnared Volkswagen and Mitsubishi.

PFIZER Inc will buy Anacor Pharmaceuticals Inc in a deal valued at $5.2 billion, net of cash, to gain access to Anacor's experimental gel for treating eczema.

DHL Global Forwarding has great business potential with its capabilities, existing product portfolios and new business opportunities in Bangladesh, said Nooruddin Chowdhury, the company's country manager.

A European Parliament vote against granting China market economy status in the World Trade Organisation was "not at all constructive", Beijing's foreign minister said Monday as he met his French counterpart.

Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

Russia's economy contracted by 1.2 percent in the first quarter of this year compared with the same quarter last year, in a tentative sign of stabilisation, the state statistics service said on Monday.

HSBC, Europe's largest bank, started laying off 840 information technology workers in Britain on Monday, the first big tranche of redundancies under a restructuring plan that will eliminate 8,000 British jobs by the end of next year.

Qatar Airways has delayed the launch of the world's longest scheduled direct flight -- from Doha to Auckland, New Zealand -- by two

The European Commission on Wednesday shot down Telefonica's blockbuster sale of British telecom giant O2 to Hong Kong group Hutchison on fears it would inflict higher prices on British consumers.

India's gold imports could hit a record high this year amid widespread smuggling to sidestep government levies on overseas shipments, Australia and New Zealand Bank, Asia's biggest shipper of physical gold, said on Wednesday.

The world is getting an object lesson on the problems of having one dominant global currency and even the supposed prime beneficiary, the United States, can see the downside.

India will start imposing capital gains tax on investments coming from Mauritius starting next year, after the two countries agreed to amend a three-decade old treaty that brought in billions of dollars in investment but was suspected of abetting tax evasion.

Colombian President Juan Manuel Santos said a tax reform bill, considered vital to help the country cope with plunging oil revenues, will be approved by Colombia's congress before the end of 2016 and would not be delayed by the country's peace process.

India's top court criticised the government Wednesday for failing to set up a disaster fund to help drought-hit farmers and villagers suffering crop losses and severe water shortages.

Mitsubishi Motors said Wednesday that its years-long cheating on fuel-economy tests did not affect cars sold overseas, potentially limiting the scope of a scandal that has plunged the automaker into crisis.

The number of company bosses in Britain who want the country to stay in the European Union has risen slightly but just over half think Britain would eventually prosper on its own, according to a survey published on Monday.

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.