Business

Wal-Mart Stores Inc, the world's largest retailer, has recalled donkey meat sold at some outlets in China after tests showed the product contained the DNA of other animals, the U.S. company said. Wal-Mart will reimburse customers who bought the tainted...

Asia's manufacturing sector ended 2013 on a strong note, with expansion hitting multi-year highs in export-driven Japan and Taiwan, but signs of moderation in China raises concerns about the outlook for the new year. Both official and private measures of...

The man who led South Korea's auto industry on a tear through the last decade said Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) expect what will be their lowest annual sales growth since 2003 as the weak...

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...