CHINA

Standard Chartered Plc said it had cut 800 jobs this year to restrain rising costs after making record first quarter profits and revenue on the back of strong Asian markets like India and Hong Kong.

World stocks fell further from last week's three-year high on Wednesday as falling commodity prices and concerns about signs of economic slowdown in China prompted investors to scale back their risky positions.

Nissan Motors has bagged the contract to provide the next generation of New York's famous yellow taxis, the car-maker said in a statement.

Standard Chartered said it has had an excellent start to the year as key Asian markets lifted income by over 10 percent, although costs rose at a faster rate after a hiring spree last year.

Asian shares fell and the U.S. dollar rose on Wednesday, with falling commodity prices spooking investors and causing a broad pullback in risk taking.

India's central bank raised interest rates by a bigger-than-expected 50 basis points on Tuesday and declared it would battle stubbornly high inflation even at the cost of some economic slowdown, casting doubt over the government's ambitious growth targets.

Finance ministers of China, Japan and South Korea are mindful of the challenges from inflation, rising commodity prices and the increasing volatility of capital flows to the region, a draft statement seen on Tuesday ahead of a trilateral meeting showed.

India's central bank raised interest rates by a sharper-than-expected 50 basis points on Tuesday and signaled it would battle stubbornly high inflation even at the expense of the government's economic growth ambitions.

The United States should focus less on China's currency practices and more on the threat to U.S. companies posed by Beijing's support for state-owned enterprises, a business group said on Monday.

Telecommunications chipmaker NetLogic Microsystems Inc's quarterly sales missed estimates and fell 2 percent over the last quarter as Chinese carriers tightened spending, and the company's shares slipped 5 percent after the bell.

U.S. stocks kicked off May with slim losses, as the energy sector followed the price of oil lower and investors couldn't sustain a morning rally that followed the death of Osama bin Laden.

Greenlight Capital, the hedge fund run by investor David Einhorn, acquired a significant long position in Yahoo Inc during the first quarter, citing Yahoo's most valuable asset as its stake in China's Alibaba Group.

Business at U.S. manufacturers grew a bit more slowly for a second straight month in April but their costs rose to the highest level in nearly three years, an industry report showed on Monday.

The dollar rebounded from three-year lows and U.S. crude slid more than 1 percent on Monday on the back of news that a U.S.-led operation killed Osama bin Laden in Pakistan.

Warren Buffett believes his reputation is intact, the U.S. economy needs more jobs and that Donald Trump is not going to be the next president.

The dollar rose from three-year lows, oil fell and world stocks put in gains on Monday after news Al Qaeda leader Osama bin Laden was killed by U.S. forces swept across thinly-traded financial markets.

The dollar rebounded from three-year lows and U.S. crude slid more than 1 percent on Monday after news al Qaeda leader Osama bin Laden was killed in a firefight with U.S. forces reduced the perception of security risks facing the United States.

China's manufacturing growth slowed in April, a survey showed on Sunday, suggesting that the government's tightening efforts have weighed on the world's second-largest economy more heavily than expected.

Mobile telecom gear venture Nokia Siemens Networks closed its $975 million acquisition of Motorola Solutions' mobile gear unit on Friday, four months behind the original schedule

A 55 feet long fish has been found in the seashore of Guangdong, China. According to a local newspaper, the big fish weighs at least 10,000 pounds.

The Securities and Exchange Commission on Friday said it won a court order freezing the assets of China Voice Holding Corp, and accused a co-founder of the telecommunications company of running an $8.6 million Ponzi scheme.