China's Lenovo Group will lay off 10 percent of white-collar staff after sales of Motorola handsets fell by a third. » Read More
Commonwealth Bank of Australia (CBA) said its full-year cash profit grew about 12 percent on strong growth in loans and lower bad debt provisions.
Brent crude extended losses for a third straight session, as tensions in Iraq were not expected to threaten the OPEC producer's output.
Samsung Electronics appears to be losing its shine for investors, with one long-time bull slashing his price target on the stock.
Standard Chartered will soon begin sifting through a mountain of data for signs of possible money laundering or other criminal activity.
Soaring prices underscore the inflation risk in India, which remains a headache for policymakers who will release data on consumer prices this week.
Shares of MAS rose after Khazanah Nasional said it will offer 27 sen for each share, amounting to nearly 1.4 billion ringgit ($435 million).
China appeared to rebuff pressure from the United States as Southeast Asian nations declined Washington's proposal for a freeze on provocative acts.
Chinese banks are cutting off riskier borrowers, tightening lending terms, and deploying teams of investigators to assess the risk of loan defaults.
The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.
Samsung Electronics is under pressure to reinvent itself - to be more innovative, but not lose the rigor and focus that made it a global powerhouse.
Some of Wednesday's midday movers:
Stock futures pointed to a higher open on Wall Street after data had the economy growing 4 percent in the second quarter.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Malaysian Airlines said MH370 pushed it to its worst quarter in over two years, hit by a drop in passenger traffic and a slump in China sales.
Protesters seeking to oust Thailand's government intruded an air force compound on Thursday where the acting prime minister was, forcing him to flee.
Oil traded near three week highs, supported by a draw on stocks in the United States and the deteriorating situation in Ukraine.
Hopes faded of finding more survivors in a coal mine in western Turkey on Wednesday, where 238 workers were confirmed killed
China's president says the economy must adapt a "new normal" in growth. That means Beijing is unlikely to step in with broad stimulus measures.
The chairman of Samsung Electronics, Lee Kun-hee, was in stable condition Sunday after suffering a heart attack.
India's elections reaches a climax on Monday as Narendra Modi seeks a personal mandate to govern by his modernized brand of Hindu nationalism.