Wal-Mart Stores reported higher second-quarter earnings and lifted its profit forecast Thursday after notching higher sales in the US. Earnings for the quarter ending July 31 were $3.8 billion, up 8.6 percent from the year-ago period.

Singapore Telecommunications is investing S$2.47 billion ($1.8 billion) for bigger slices of the top mobile operators of Thailand and India, as Southeast Asia's largest telecoms firm raises its bet on emerging markets to spur growth.

Nestle, the world's largest packaged foods maker, is counting on new products and price increases in the second half of the year to meet its full-year sales growth target after a weaker than expected first half, the company said on Thursday.

As returns on traditional assets have nosedived or turned more volatile in Asia, conservative investors such as pension funds and insurers have been pouring cash into alternative investments that bring the yield they need, but at significantly higher risk.

The Federal Reserve Bank of New York and Bangladesh's central bank have agreed to withdraw additional payment security measures put in place after one of the world's biggest cyber heists, the theft of $81 million from Bangladesh Bank's account at the Fed, two sources said.

The number of people claiming unemployment benefit in Britain unexpectedly fell in July despite the shock decision by voters to leave the European Union, suggesting little immediate impact from Brexit on the labour market.

Cheap instant "bubble tea" has become one of Taiwan's best-known culinary exports -- now a new wave of entrepreneurs hopes a high-end modern take on traditional brews will also be sipped worldwide.

The share of palm oil in India's growing edible oil imports is likely to plunge to a record low this marketing year as a rally in prices slashes its discount over rival soyoil.

Philippine food giant Universal Robina Corp said Wednesday it would buy Snack Brands Australia for US$460 million, the latest big deal in a global shopping spree by Filipino firms reflecting the nation's economic rise.

A venture backed by eight major banks and financial institutions has begun beta testing a peer-to-peer network that aims to use blockchain distributed ledger technology to slash billions off the cost of processing foreign exchange transactions.

The Chittagong Port Authority yesterday appointed a consultant to conduct feasibility study for constructing the much-awaited Bay Terminal along Halishahar coast.

It is crucial for Bangladesh to ensure quality education for the youth, develop their skills and promote young entrepreneurship to achieve the sustainable development goals, analysts said yesterday.

Chinese police have busted underground banks that handled 200 billion yuan ($30.2 billion) in illegal money transfers this year, the Ministry of Public Security (MPS) said on Wednesday.

Budget airline AirAsia India said on Wednesday that it planned to gradually expand its fleet and network in India as it seeks to boost its small market share in the fast expanding domestic market.

Unrelenting demand for fixed income has pushed yields, in Europe at least, to a point where investors no longer distinguish one country's bonds from another's -- potentially storing up trouble for when focus returns to the economic drivers behind borrowing costs.

More than a dozen current and former board directors and senior managers of SWIFT, the bank messaging system that helps transmit billions of dollars around the world every day, have told Reuters that the organisation for years suspected there were weaknesses in the way smaller banks used its messaging terminals – but did not address such vulnerabilities.

The New York Federal Reserve Bank and global payments network SWIFT have reiterated their pledge to help Bangladesh Bank retrieve the $81 million fund stolen from its reserve account.

Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.

While previous bouts of strength in the yen have pushed Japanese manufacturers to shift production overseas, exporters are coping with the recent currency stresses by penny-pinching - turning off lights and cramming elevators in the hope that nothing more drastic will be needed before the tide turns.

Tesla removed the word "autopilot" and a Chinese term for "self-driving" from its China website after a driver in Beijing who crashed in "autopilot" mode complained that the car maker overplayed the function's capability and misled buyers.