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At least 11 banks to fail European stress tests: news agency Efe

At least 11 banks from six European countries are set to fail a region‑wide financial health...

SoftBank leads $100 million investment in Indonesian firm Tokopedia

SoftBank Corp announced Wednesday it will lead a $100 million investment round in Indonesian ecommerce...

Lufthansa to sell IT business, takes 240 million euro charge

German airline Lufthansa said on Wednesday it was close to selling its IT infrastructure division and completing an outsourcing deal with IBM <IBM....

Asia shares boosted by Wall St rally

Asian markets pushed higher Wednesday, taking a lead from fresh gains in New York and Europe in response to reports that the European Central Bank will...

APEC finance chiefs meet amid global worries

The global economic recovery is beset by "downside risks", China's vice‑premier told Asia‑Pacific finance ministers Wednesday, a...

Kolkata's gold panners reap rewards at India festival time

As 40-year‑old Mohammed Iqbal sifts through sludge in the back alleys of Kolkata's jewellery market for gold dust, his weathered face brightens...

Italy keen to take a fast boat to China

Seven hundred years after Marco Polo showed how it was done, Italy is once again knocking on China's door looking to do business. This time around the...

Yahoo CEO defends strategy in face of criticism

Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long‑struggling...

In emerging beauty markets like Brazil, new products key

In Brazil, women primarily wear their hair long, and need to tackle the country's generally hot, humid climate when they style it. They also demand a...

Japan trade deficit expands 1.6% on-year in September, govt says

Japan's shaky economy was dealt another blow Wednesday, as official data showed a widening...