India's largest supermarket operator Future Group is having a clearance sale: its financial service business and flagship clothing brand are gone, and more deals are in the pipeline.

Six months after

Northwest Burma was tense on Monday after sectarian violence engulfed its largest city at the weekend, with Reuters witnessing rival mobs of Muslims and Buddhists torching houses and police firing into the air to disperse crowds.

Slowing GDP growth and political roadblocks to economic policymaking are just some of the factors pushing up the risk that India (unsolicited BBB-/Negative/A-3) could lose its investment-grade rating.

In a room full of would-be suicide bombers at a high security detention centre in the Afghan capital, an elderly cleric quietly reads out verses from the Quran, telling the young men the act of killin

The rupee fell to a near one-week low on Monday after Standard & Poor's warned the country may be the first to lose its investment-grade rating among BRIC nations, adding to worries about India's fisc

Samsung Electronics denied it was interested in acquiring Nokia, sending shares in the Finnish mobile phone company down 2 per cent.

Nokia shares rose 6 per cent last Friday on speculation of a possi

Eurozone finance ministers agreed on Saturday to lend Spain up to 100 billion euros to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits

A Somali Islamist militant group is offering rewards of chickens and camels for information on the whereabouts of President Barack Obama and Secretary of State Hillary Clinton, mocking the millions of

China's annual consumer inflation cooled faster than forecast to two-year lows of 3 per cent in May, helping explain the central bank's move to cut interest rates this week for the first time since th

Banks need a radical overhaul to boost profitability against the backdrop of tougher new rules and a grim economy - and they expect their customers to share some of the pain.

That is the view of bank