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Eighteen Indian sailors were trapped and some were killed after an explosion and fire on a diesel-powered submarine berthed at a base in Mumbai on Wednesday.
Just as China’s economy is beginning to show some signs of a pickup, allaying fears of a hard landing scenario, economists are already warning that the upturn may be short-lived.
Newspaper executives in the US or Europe can only fantasize about the problems confronting their Indian peers: how to source the extra newsprint for rising circulations.
The operator of Japan's crippled Fukushima nuclear plant is preparing to remove 400 tons of highly irradiated spent fuel from a damaged reactor building.
Emerging markets have opened up to investment and should have a raft of enactments of new investment-friendly legislation. Yet in the past decade, momentum has slowed.
The fall in the rupee has been grabbing market attention, but the focus could soon shift to the Indonesian rupiah, which could suffer the same fate as the embattled Indian currency.
India raised import taxes on gold and silver but concerns about the slowing economy and fears of more capital outflows kept up pressure on the ailing rupee.
China has overtaken Japan in visitor numbers to South Korea for the first time on record in the first half of this year, ending Japanese dominance of the market, says Nomura.
Australia is the world's most expensive destination for foreign students, but thanks to a weakening currency, the popular venue is set to become more affordable.
In a sign of its growing strength in China, Ford said that demand there for the Focus helped make the model the world's top-selling car in the first quarter.
A Chinese automotive association is collecting data on the price of all foreign cars sold in the country for a government agency that has fined companies for price-fixing in sectors ranging from milk powder to jewelry.
Fund managers are more downbeat on emerging market equities than they have been in the last 12 years, as allocations to the sector sink to their lowest levels since November 2001 according to a new survey.
Australia's once-resilient economy may have finally succumbed to headwinds, but that won't impact the pace at which the country is minting millionaires, a new survey shows.
Ford CEO Alan Mulally said on Tuesday he was not overly concerned about a slowdown in growth in China, stressing it is still a "tremendous" market for the group.
Rapid rupee depreciation and sluggish economic activity have dashed hopes for a turnaround in India's economy. But, according to Credit Suisse, it's not all gloom and doom for the country.
The family of a British businessman murdered by the wife of a powerful Chinese politician seeks compensation for his death, criticizing China's government for ignoring their pleas.
Japanese Prime Minister Shinzo Abe is considering a corporate tax cut as a way to offset the potential economic drag of a planned two-stage hike in the sales tax.
Nearly a third of New Zealand's adult population is overweight, in an effort to solve the obesity epidemic and combat rising health costs, the country is deporting its fat people.
Disappointing second-quarter growth figures from Japan may have heightened calls for the government to delay a controversial hike in the country's consumption tax, but analysts argue that now remains the best time to deliver the measure.
With opinion polls indicating a win for the opposition Liberal-National coalition party, financial markets are, pricing in the likelihood of a change in government.
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Pranjul Bhandari, chief India economist at HSBC, expects lower oil prices to replace government spending as the key driver of growth in India in the second-half of the year.
Annette Beacher, head of economic research at TD Securities, discusses the Reserve Bank of Australia's (RBA) decision to keep interest rates unchanged on Tuesday.
Richard Harris, chief executive at Port Shelter Investment Management, says expectations for an interest-rate increase will inevitably drive volatility, but a repeat of August's market meltdown is unlikely.