China has spent nearly $1 billion on an ultra-deepwater rig that appears intended to explore disputed areas of the South China Sea, one of Asia's most volatile hotspots and where the United States is

J.P.Morgan upgraded Indian equities to 'overweight' from 'neutral', despite acknowledging the risk factors facing the economy, encouraged by what it called a number of more positive factors including

Russian President Vladimir Putin reiterated Moscow's strong opposition to the U.S. missile defence system on Tuesday, saying that President Barack Obama's re-election would not end the dispute and ins

Lenders to Hotel Leela, a 5-star chain that is more than two months behind in payments on $700 million of debt, are likely to bite the bullet and amend the loan terms rather than declare it in default

Weakening economies that roiled markets last year also took their toll on the world's rich, though faster-growing Asia for the first time had more millionaires than North America, according to a study

Fitch Ratings has revised the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of India-based financial institutions to Negative from Stable, while affirming the

Champion Novak Djokovic and French Open winner Maria Sharapova were named as top seeds for Wimbledon as the grasscourt grand slam mostly followed the rankings to draw up the list for the championships

Militants attacked electrical transmission towers and lines in Iraq's Diyala province on Wednesday, government and police sources said, in the latest wave of attacks that have swept the area in recent

Europe won support from world leaders on Tuesday for an ambitious but slow-moving overhaul of the eurozone, even as pressure built in financial markets for quicker solutions to its debt crisis that th

JPMorgan Chase & Co chief executive Jamie Dimon insisted his bank was upfront with investors about its recent multibillion-dollar trading loss, as regulators examine whether JPMorgan hid a dramatic ri