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POSCO pulls out of $5.3bn steel project in India

POSCO pulls out of $5.3bn steel project in India

POSCO has announced that it will continue with a second project in the country.

Indian rupee gains 64 paise on RBI measures

Indian rupee gains 64 paise on RBI measures

The RBI has announced a slew of measures to stem the rupee's steep fall.

FM: India will grow at 6% this fiscal

FM: India will grow at 6% this fiscal

The Indian rupee touched a lifetime low of 61.21 to a dollar earlier this month.

Brazil not satisfied with US explanations on spying

Brazil not satisfied with US explanations on spying

Brazil's digital data transmission cables are all operated by foreign companies.

China adds 7.25mn jobs in H1

China adds 7.25mn jobs in H1

This is an increase of 310,000 from the number seen during the same period last year.

Fighting flares in Congo

The army and rebels have accused each other of launching an offensive.

US official ‘underscores support for Egyptians’

US official ‘underscores support for Egyptians’

William Burns arrived in Cairo as the interim government filled cabinet posts.

Russian stock market surges on China data

Russian stock market surges on China data

The ruble remained unchanged from Friday’s close against the US dollar at 32.64 rubles to the dollar.

China needs to ‘kill the bird to warn the monkey’

China needs to ‘kill the bird to warn the monkey’

China's central bank needs to rein in its 'errant children' writes a top Chinese economist.

India tops list of Nigerian oil buyers

India tops list of Nigerian oil buyers

Bilateral trade between India and Nigeria stands at $10 billion.