Business

India has cancelled its scandal-hit $770 million helicopter deal with AgustaWestland, part of Italian defense group Finmeccanica (SIFI.MI), a senior defense ministry official told Reuters on Wednesday. India froze payments for the 12 AW101 helicopters after Finmeccanica's then chief executive...

If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks. A lot of stores had to discount heavily to...

Chinese property prices rose again in December, according to two private surveys, but are showing signs of stabilizing following government measures aimed at cooling the housing market and averting the threat of a bubble. Prices of new homes in 288...

China's central bank reiterated its promise of stable, prudent and consistent monetary policy in 2014 on Tuesday, while pushing reforms of the financial system as it looks to support growth in the world's second-largest economy. In a new year message...

World stocks were ending 2013 close to six-year peaks on Tuesday and benchmark bond yields were poised for their first annual rise since 2009 as investors celebrated a pick-up in global growth with expectations of more to come. Thanks to...

China may buy more Iranian oil next year as a state trader is negotiating a new light crude contract that could raise imports from Tehran to levels not seen since tough Western sanctions were imposed in 2012, running the...

The ambition from Indian mid-sized companies for large debt-fueled acquisitions abroad was dealt a major setback after the unraveling of a $2.5 billion bid by India's Apollo Tyres Ltd (APLO.NS) to buy Cooper Tire & Rubber Co (CTB.N). While some...

Carmakers BMW (BMWG.DE) and Toyota (7203.T) have agreed to develop a joint platform for sportscars, BMW's development chief Herbert Diess told a German newspaper. "We have agreed on a joint architecture for a sports car. What is important is that...

Banca Monte dei Paschi di Siena (BMPS.MI) shares were volatile on Monday after an unprecedented clash between its top executives and main investor delayed a vital cash call at Italy's third-biggest bank. The postponement makes the fundraising riskier and brings...

The securities regulator has asked life insurers to disclose the potential cost of forcibly winding down in-house insurance units known as 'captives,' whose business model has come under regulatory radar, the Wall Street Journal reported. State insurance regulators, which approve...