State-run retailers may cut petrol prices from Nov. 16, an industry source said, the first cut in nearly three years and the first in the 18 months since the government ended controls.

The cut could

MF Global fired all 1,066 of its brokerage employees on Friday, triggering anger and resentment about the firm's collapse after bad bets on European debt under former CEO Jon Corzine's leadership.

Ho

Russian prime minister Vladimir Putin praised outgoing fellow political veteran Silvio Berlusconi on Friday and defended his own decision to remain in power for years to come in front of an audience o

Vijay Mallya, whose cash-strapped Kingfisher Airlines cancelled scores of flights this week, drawing the ire of the government and travellers and spooking investors, questioned on Saturday whether it

Budget airline IndiGo said on Friday it has not cancelled any of its flights and was currently operating 259 domestic flights daily.

IndiGo was responding to the DGCA who said the airline was operati

The International Monetary Fund on Friday warned that advanced economies could fall back into recession unless policy-makers move with greater urgency to agree on policies to boost growth.

In a note

Cash-strapped Kingfisher Airlines, which has been cancelling flights across several routes, faces fresh trouble as some companies who have lent aircraft to the loss-making airline plans to take them b

The European Union may approve fresh sanctions against Iran within weeks, after a U.N. agency said Tehran had worked to design nuclear bombs, EU diplomats said on Thursday.

Iran denies trying to buil

Lenders will confront Japan's Olympus Corp next week to demand an explanation for an accounting scandal engulfing the firm, a banking source said on Friday, though he denied reports that they intended

Greece's prime minister designate will name a new crisis cabinet on Friday to roll out painful austerity measures and calm the political turmoil that has threatened to bankrupt Athens and force it out