Asia’s Emerging Economies India, Malaysia, Indonesia Try To Cut Huge Oil Import Bills Amid Currency Weakness
India, Malaysia and Indonesia resort to cuts in government subsidies and launch campaigns to reduce domestic demand for oil.
Microsoft To Buy Nokia’s Mobile Devices And Services Business For $7.2 Billion
Can the deal manage to break the hold Android and iOS currently have on the smartphone market?
Manufacturing Sector On Path To Recovery In Euro Zone, Barring France; UK Continues High Growth
UK’s factory activity remained robust in August, while many euro zone nations, except France and Greece, posted growth.
US Sends Nuclear-Powered Aircraft Carrier USS Nimitz To Red Sea In Anticipation Of Military Strike On Syria
The ship will offer support to the U.S. Navy’s six warships operating in the Mediterranean Sea, in the event of a strike on Syria.
Brazil’s Rousseff, Mexico’s Pena Nieto Targeted By NSA, Glenn Greenwald Says
This is the first time it has been alleged that the NSA spied on world leaders in their home countries.
China Manufacturing PMI By HSBC-Markit: Consensus Figures Vary As Some Expect Growth While Others Predict Continued Contraction
Some analysts expect growth while others predict continued contraction in China’s factory activity in the HSBC-Markit PMI for August.
Delhi Gang-Rape Verdict: Juvenile Suspect Found Guilty, Sentenced To 3 Years In Reform Facility
The convict was sentenced to three years in a reform facility for the brutal rape of a woman on Dec. 16 in India’s capital, New Delhi.
India Clocks 4.4 Percent Growth, Falling Behind Expectations And First Quarter Growth
India's slowing GDP growth is a symptom and also a cause of the challenges currently facing the country.
Euro Zone Unemployment Rate Holds Steady In July; Inflation Down In August
The lowest unemployment rates were recorded in Austria and Germany, while jobs continued to be scarce in Greece and Spain.
US Stock Futures Point To Higher Open After Strong Second Quarter Growth, Ahead Of Euro Zone Jobless Data
Amid signs of a strengthening U.S. economy, investors have one eye on the Fed, and the other on Syria.
Syria Military Strike: Is US Preparing For Unilateral Action Against Syria After UK Pullout?
Administration officials say the US government will act in the country's best interests. Pentagon says it is “past the point of no return.”
Vodafone Confirms Talks With Verizon Communications For Sale Of Its Stake Worth More Than $100 Billion In Verizon Wireless
Vodafone issued a statement Thursday, ending months of speculation about the potential sale and its exit from the U.S. market.
US Military Strike On Syria: Nations Play It Safe While US Allies Tone Down Warlike Rhetoric
UK and Germany play down the prospect of a U.S.-led strike while several other nations tactically avoid calls for action.
Philippine Economy Thriving Amid Asian Slowdown, Posts 7.5 Percent Growth In GDP In Second Quarter
The Philippines remains unaffected by the general slowdown in Asia, as President Aquino’s government boosts spending.
India Clears $28 Billion Worth Of Energy, Power And Infrastructure Projects Amid Stocks, Rupee Crash
The announcement came a day after a $20 billion food subsidy program got closer to enactment, amid worsening economic indicators.
China Official PMI Preview: Manufacturing PMI For August Could Show Sector Growth Stabilizing
China’s factory activity in August is expected to grow at its fastest in three months, according to an official survey due on Aug. 31.
India’s Ambitious $19.5 Billion National Food Security Bill Wins Lower House Approval
The program aims to provide heavily subsidized food grains to 800 million Indians, amid worries that it could further fuel inflation.
Amgen Strikes $10.4 Billion Deal To Buy Onyx Pharmaceuticals And Tap Into The Growing Cancer Drug Market
Amgen will pay $125 a share for Onyx, which has several cancer drugs in its portfolio, including Kyprolis.
Private Equity Exits In India Double, IT And IT-Enabled Services Sectors Lead Exits
PE exits from Indian companies are expected to continue in less-than-conducive conditions, leaving the door open for contrarians.
Mumbai Gang-Rape: All 5 Accused Arrested, Survivor Says She Wants To Return To Work
The case, which once again highlighted the issue of women's safety in India, will be tried in a fast-track court.
IMF Chief Lagarde Warns Exiting Lax Monetary Policy Poses Risks
Long periods of low interest rates and loose monetary policy were a necessary risk, but they must eventually end, the IMF chief said.
Mumbai Gang-Rape: Police Arrest Second Suspect Amid Widespread Outrage In India
Two men were arrested in connection to the gang-rape of a photojournalist in Mumbai that sparked outrage across India.
World Bank Pledges $1.5 Billion To Pakistan; IMF Loan Up To $7.3 Billion Under Consideration
Pakistan is struggling to achieve economic stability amid a severe energy crisis, but the World Bank said the country has “many positives.”
German Economy Picks Up Momentum In Q2, Ahead Of Election; UK Growth Continues Amid Call For Quantitative Easing
Chancellor Merkel is looking forward to a sweet September and a great Oktoberfest: Germany's economy grew 0.9% in 2013; the U.K.'s, 1.5%.
Photojournalist Gang-Raped In India’s Commercial Hub Mumbai While On Assignment
The incident, reminiscent of a gang rape in December in New Delhi, took place in central Mumbai.
NSA Denies Reports That It Filters 75 Percent Of US Internet Traffic
The NSA said media reports “mischaracterize” aspects of its surveillance and it “touches” only 1.6 percent of the world’s Internet traffic.
Pentagon Cuts F-35 Fleet’s Long-Term Cost Estimate To $857 Billion From $1.1 Trillion
The halcyon days of U.S. defense spending are over. Proof positive: the F-35 fighter jet program.
Manufacturing Key To Asia, As India, China At Risk Of Middle-Income Trap: ADB
Emerging economies would do well to focus on manufacturing despite the lure of the service sector, ADB said in an annual report.
NSA Surveillance Covers 75 Percent Of US Internet Traffic: Report
A report said the extent of the NSA’s surveillance has rendered current privacy protection laws inadequate.
Malaysia’s Economic Growth Slower Than Expected At 4.3 Percent Amid Ringgit’s Weakness
Growth slowed to 4.3% in Q2, as the country fights to stem the recent widespread emerging market sell-off.
