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Honda to invest $440mn in new plant in Brazil

Honda to invest $440mn in new plant in Brazil

The plant will start operations in 2015 and is expected to produce 120,000 vehicles a year and employ 2,000 workers.

China railways to raise $106bn investment in 2013

China railways to raise $106bn investment in 2013

CRC will spend $8.2 billion to buy locomotives, bullet trains and cargo carriers this year.

Huawei launches world’s slimmest smartphone in Philippines

Huawei launches world’s slimmest smartphone in Philippines

Huawei announced last month that its sales revenue in the first six months of 2013 reached 113.8 billion yuan ($18.4 billion).

Obama cancels meeting with Putin

Obama cancels meeting with Putin

It is understood that President Obama will still attend the G20 meeting in Saint Petersburg.

Brazil: NATO unilateralism serious concern

Brazil: NATO unilateralism serious concern

Brazil's Foreign Minister Antonio Patriota says the concepts and strategies used by NATO are "problematic".

India taking steps to check rupee slide- FM

India taking steps to check rupee slide- FM

The rupee erased all losses and ended higher at 60.77 per dollar on Tuesday.

Russia a leading security partner- Italy

Russia a leading security partner- Italy

Foreign and defence ministers from Russia and Italy have met in Rome to discuss global security.

China imposes record fines on dairy firms for high-pricing

China imposes record fines on dairy firms for high-pricing

Nielsen says four foreign brands accounted for about half of the total sales of baby formula in the Chinese market in 2012.

Poll: Majority of Israelis pessimistic about peace deal

Poll: Majority of Israelis pessimistic about peace deal

The Israel Democracy Institute's Peace Index interviewed 502 Israeli Jews and 100 Arabs.

Raghuram Rajan new governor of India’s central bank

Raghuram Rajan new governor of India’s central bank

Rajan will replace Duvvuri Subbarao whose term expires in September this year.