German software firm SAP cut its full-year revenue outlook Wednesday due to a weak performance in emerging markets. CEO Leo Apotheker told CNBC that the company had reconfirmed its margin guidance.
Although India's GDP came in better-than-expected, Rajeev Malik, head of India & ASEAN economics at Macquarie Securities Group, says the growth is not self-sustaining. CNBC's Oriel Morrison and Anichya Shah find out more.
The RBA hiked rates by 25 bps to 3.75%, in line with market expectations. Shane Oliver, head of investment strategy & chief economist at AMP Capital Investors and Adrian Foster, head of financial markets research, Asia Pacific at Rabobank, give their instant analysis to CNBC's Oriel Morrison.