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NEW DELHI India’s coal output will miss government’s ambitious target of self-sufficiency on the back of delays in opening up of commercial mining to...

SEOUL Samsung Electronics scrapped its flagship Galaxy Note 7 smartphone on Tuesday less than two months after its launch, dealing a huge blow to its...

HONG KONG Rising debt levels will worsen the credit profiles of China’s top 200 companies this year, requiring the country’s banks to raise $1.7...

SYDNEY British oil giant BP on Tuesday ditched plans to drill in the Great Australian Bight after reviewing its global exploration programme, a decision environmentalists...

LONDON Royal Bank of Scotland (RBS) may have to pay out as much as $27 billion, roughly the market value of the bank, in misconduct...

SINGAPORE/ZURICH Singapore’s central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown...

WASHINGTON Insurance mergers and acquisitions rarely raise red flags with US national security watchdogs. China’s Fosun International took that history to heart last year when it...

NEW YORK Salesforce.com Inc. is still deliberating whether it should make an offer for Twitter Inc. in the face of resistance from Salesforce shareholders over...

ISTANBUL Saudi Arabia said on Monday it was “not unthinkable” that the price of crude oil could surge to $60 a barrel by the end...

LONDON Global energy efficiency, or the amount of gross domestic product squeezed from a given unit of energy, improved by 1.8 per cent last year,...