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Heavy outflows of capital from China have mainly been a result of the unwinding of carry trades aimed at benefiting from rising interest rates and an appreciating yuan, the Bank of International Settlements (BIS) said on Sunday.

 India is keen on ramping up economic cooperation with Egypt, focusing on trade and investment, the Indian envoy here has said while underlining the need for "transparency and predictability" to woo more Indian businesses to this key Middle East country.

India is keen on ramping up economic cooperation with Egypt, focusing on trade and investment, the Indian envoy here has said while underlining the need for "transparency and predictability" to woo more Indian businesses to this key Middle East country.

Low-cost carrier AirAsia said on Sunday it will offer tickets on select domestic and international routes at a discount, starting from Rs 1,099 and applicable on tickets booked online from March 7-13 ,for travel between October 1, 2016 and May 22, 2017.

The Debt Recovery Tribunal (DRT) will on Monday pass orders on the state-owned SBI's application seeking the lenders' first right on the $75-million payout from Diageo to UB Group promoter Vijay Mallya under a recent sweetheart deal.

The Debt Recovery Tribunal (DRT) had reserved its order after hearing the submissions made by both parties — bankers and Mallya — on March 4. SBI had moved DRT against Mallya in its bid to recover over Rs 7,000 crore of dues from him.

The State Bank of India is among four new foreign banks given preliminary approval to open 100 per cent-owned branches in Myanmar, the latest move by the Southeast Asian nation to woo investment to the country long ruled by the military and hit by Western sanctions.

Shareholders of Tokyo-based Lotte Holdings Co., a key unit of Korean-Japanese retail conglomerate Lotte Group, vote to oppose a measure to remove Chairman Shin Dong-bin. The post Lotte shareholders reject bid to remove Chairman Shin Dong-bin as family feud continues appeared first on The Japan Times.

Amazon.com Inc said it plans to restore an encryption feature on its Fire tablets after customers and privacy advocates criticized the company for quietly removing the security option when it released its latest operating system. “We will return the option for full-disk encryption with a Fire OS update coming this ...