More tourists set to spend money in Asia Pacific
SINGAPORE: Asia Pacific is set to get a tourism boost according to forecasts based on an international index released Monday.
British Ford staff hold 24-hour strike over pay, pensions
LONDON: British employees of US car giant Ford were staging a 24-hour strike on Monday in a row over pay and pensions.
Asian markets, euro rally after Greece vote
HONG KONG: Asian markets surged on Monday and the euro rose after pro-austerity parties came out on top in Greek elections, easing but not ending concerns over whether the country will stay in the single currency.
Spanish bond rates switch to record above 7.0%
PARIS: The rate which Spain must pay to borrow for 10 years switched direction and rose to a record above 7.0 per cent in morning trading on Monday after dipping in response to the Greek election.
British supermarket giant Tesco clinches Japan exit deal
LONDON: Britain's biggest retailer Tesco announced on Monday that it had finally struck a deal to exit its Japanese business.
IMF to firm up crisis fund with China's help
LOS CABOS: After searching for months for cash, the IMF looks able to firm up a huge emergency "firewall" fund for crisis prevention after China said on Sunday that big emerging economies would chip in.
G20 to meet on upbeat note after Greek vote
LOS CABOS, Mexico: The leaders of the world's major powers will seek to buy the global economy some breathing space at the G20 summit Monday with new support for an IMF financial firewall and for Greece.
India holds interest rates, despite slowing growth
MUMBAI – India's central bank unexpectedly kept interest rates unchanged on Monday in a bid to curb inflation, despite facing pressure to cut the cost of borrowing and boost stuttering economic growth.
Samsonite's Tokyo Chic hit by Hong Kong health scare
HONG KONG: US luggage maker Samsonite said on Monday it had withdrawn some of its suitcases from Hong Kong stores after a consumer group found they contained high levels of chemicals that may cause cancer.
Home prices fall in more than half of Chinese cities
BEIJING: Prices for new homes in China fell in more than half of major cities in May from April, official data showed Monday, as the government vows to maintain controls over the property market.
World's richest woman raises Fairfax stake
SYDNEY: The world's richest woman, Gina Rinehart, has boosted her stake in ailing Australian media giant Fairfax to 18.67 percent as she bids to win a board seat, it was revealed on Monday.
PM pitches 'Australian way' on growth
LOS CABOS: Prime Minister Julia Gillard on Sunday urged major economies to consider the "Australian way" of boosting growth, saying that austerity measures cannot be an end in themselves.
Australia's Fairfax Media to cut 1,900 jobs
SYDNEY: Australian media giant Fairfax said Monday it will slash 1,900 jobs and erect paywalls on its flagship titles as part of a major overhaul as it works to address falling print advertising revenues.