Breaking news worldwide on: Breaking news from Asia
BREAKING NEWS ON: BREAKING NEWS FROM ASIA IN WORLD
NEW DELHI, Jan. 7 -- One of India's largest technology outsourcing companies, Satyam Computers, on Wednesday admitted cooking its books and committing other grave financial wrongdoing to inflate profits over several years. The revelation shook India's stock market and sent shock waves across the ...
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Venture will give Daimler a foothold in the Chinese truck sector, which is expected to benefit from a government economic stimulus package announced last year
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The UK's biggest clothing retailer, averted a profit warning but responded to weak Christmas sales – UK like-for-like sales fell 7.1% in the 13 weeks to December 27 – with a massive cost-cutting plan
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The chairman of India's fourth-largest software-services provider resigned Wednesday after confessing to inflating the company's profits for years with "fictitious" assets and non-existent cash.
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Australia stayed top of the world rankings with a last-gasp victory over South Africa in a dramatic finish to the final Test in Sydney.
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B Ramalinga Raju stepped down after confessing to fixing the company's books for the past 'several' years in the country's first major fraud case to emerge following the global financial crisis
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Top US lender Bank of America, raising cash to weather a dismal market at home, was selling a $2.83bn chunk of its holding in China Construction Bank at a 12% discount
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Satyam shares plunged by around 80 per cent in Mumbai after its chairman confessed to fixing the IT outsourcing company's books for the past "several" years despite a broader Asia Pacific rally to two-month highs
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A French merchant ship was released by pirates off Nigeria at the weekend, its owners reveal, as the Chinese navy begins patrolling waters in the pirate-plagued Gulf of Aden off Somalia. According to news reports at least 15 vessels have requested their protection.
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The angry retort comes after India's prime minister accuses Pakistani agencies of supporting the bloody November assaults. Tensions between the two countries grow. Pakistan on Tuesday forcefully denied a suggestion by India's prime minister that official Pakistani agencies were involved in November's attacks in the city of Mumbai and said that leveling such accusations posed "grave risks" to the region.
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