HSBC Plc is close to announcing that it will cut thousands of jobs as it embarks on a cost-cutting drive, Sky News reported, citing people close to Europe's biggest bank.

The plans have not yet been

Emerging Asia needs to adapt to a 'new reality' of persistently high commodity prices and cannot let up on fighting inflation despite weak growth in advanced economies, the Asian Development Bank said

State-run explorer Oil & Natural Gas Corp reported a 12 per cent rise in quarterly profit, missing street estimates as higher subsidy payments offset gains from a rise in crude oil and gas prices.

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Toyota Motor Corp said on Wednesday it would spend an additional 17.2 billion yen ($220 million) to boost output capacity in India to 310,000 vehicles a year in 2013, in its second announcement of an

Relief was etched all across Michael Phelps' face on Wednesday after the American won his first gold medal of the world swimming championships in Shanghai, one year to the day before he begins his fin

Serena Williams has only played a handful of matches since her comeback from foot surgery and a life-threatening illness, but that won't deter her from attempting to reclaim the top spot as soon as p

Britain’s finance minister George Osborne has met executives from Rupert Murdoch companies 16 times since the general election in May 2010, according to data published on Tuesday. The details were published by government departments in response to a phone-hacking scandal at one of Murdoch’s newspapers, which turned the spotlight on the close relationship between politicians and media organisations, in particular Murdoch’s News Corp.

HCL Technologies, India's fourth largest software services firm, on Wednesday posted a better-than-expected 52 percent jump in net profit for April-June, as all its verticals and geographies posted st

Private equity investment in India is accelerating, as rising borrowing costs and dormant public markets in Asia's third-largest economy push companies to cut deals with buyout firms in return for muc

ArcelorMittal, the world's largest steelmaker, forecast a seasonal dip in the third quarter, but said there would be no repeat of the pronounced slowdown seen in the second half of last year.

Demand