Italy avoided a second rating downgrade in a week as S&P Global Ratings decided only to lower its outlook on the nation’s creditworthiness amid market unease. The move, while less drastic than had been expected, still l
Johnson & Johnson’s patent on the prostate-cancer drug Zytiga is invalid, a federal judge in New Jersey ruled Friday, clearing the way for generic competitors. The decision was a victory for generic-drug companies inclu
After Abe and Chinese Premier Li Keqiang commemorated the 40th anniversary of a peace and friendship treaty on Thursday, the two held formal talks on Friday and oversaw the signing of cooperation agreements between the two go
Two Federal Reserve officials who vote on interest rates this year downplayed the effects on the economy of the rough October for U.S. stocks, saying the market turbulence would have to be sustained to alter their outlook for
For decades, the no-frills, affordable apartments have been integral to the city-state’s way of life, helping young couples achieve their dreams of home ownership and housing the bulk of the population -- while providing a
The reasons for the slump in Asia are well known: there’s the U.S.-China trade war, worries about slowing economic and earnings growth, tech shares plunging and rising rates amid Federal Reserve tightening.
The flow data suggest that India’s Sensex index, which has fallen around 13 percent from a high in late August, may be the most vulnerable to further outflows in the region if global risk aversion worsens.
The voluntary service action follows a BMW investigation that found coolant could leak from the car’s exhaust recirculation unit. The defect can lead to sparks while driving and cause fires in “in extreme cases,” the Mu
Jet Airways India Ltd. has approached banks for a moratorium on loans and asked for fresh funds to ease a cash crunch, according to people with direct knowledge of the matter, adding to signs the carrier is sliding deeper int
Asia’s largest economy, China, has long had a reputation for smoggy skies. But these days, neighbouring India is fighting the far bigger battle with pollution: The South Asian country is home to the world’s 10 most pollut
ING Bank NV has lowered its year-end rupee forecast just as the currency is staging a rebound. Prakash Sakpal, an economist at ING in Singapore, lists two key factors that will see rupee -- Asia's worst performing currency th