India, Russia to tap potential for boosting bilateral trade


Expressing optimism over bilateral trade, India and Russia today said huge potential exists in both the countries to boost two-way commerce.

Karzai in India to woo investment in Afghanistan


NEW DELHI: Afghan President Hamid Karzai met with Indian leaders on Monday in a bid to woo investment to his war-torn country and boost security before a planned draw down of Nato troops in 2014.

China bank lending slows further in October


BEIJING: Chinese banks lent less money for a second straight month in October, data showed Monday, as the country’s banking regulator acknowledged that bad loans have spiked this year

Iran bans ‘luxury’ imports as sanctions bite


TEHRAN: Iran’s sanctions-fighting ‘resistance economy’ suddenly got a lot leaner, less flashy and perhaps a bit more uncomfortable.

Chinese LED firm plans record investment in Taiwan


TAIPEI: A leading Chinese maker of energy-saving light bulbs plans to invest Tw$2.35 billion ($81 million) in a Taiwanese peer, in the biggest single investment from China, the companies and officials said Tuesday.

China-Japan island row could hurt 'more than 2011 earthquake'


As the territorial dispute between China and Japan is gathering pace, analysts warn it could hurt trade relationships and bring Japanese producers more losses than the earthquake in 2011.

Japan in doldrums as export shrinks


While investors are focused on the euro zone crisis Japan’s economy is showing signs of contraction as its GDP fell last quarter by 3.5%, the most since the earthquake and tsunami in early 2011, while exports and consumer spending slumped.

McDonalds' sales fall for first time in nine years


As the global economy continues to struggle, it seems that fast food icon McDonald's is seeing a slowdown in growth, as the corporation's key economic indicators dropped for the first time in almost a decade.