Sri Lanka will soon build a second international airport on the south of the island, with much of the money coming from...

Gulf company, Emaar Properties, has announced it will restart discussions with the Indonesian government on a project that was postponed during the economic...

(AP Photo/Ben Margot)Toyota Prius vehicles are seen for sale Wednesday, March 10, 2010, in Hayward, Calif. The government sent investigators Tuesday to examine a Prius that sped out of control on a...

OTTAWA — Transport Canada came under fire Thursday over the way it handled Toyota's safety concerns after revealing authorities had received 17 acceleration-related complaints without taking...

WASHINGTON - The U.S. government may require automakers to include brake systems that can override the gas pedal in response to Toyota's massive recalls, auto safety officials told Congress on...

Members of Parliament grilled Transport Canada officials Thursday about what they knew about safety problems with Toyota vehicles — and when they knew it. But many MPs were not satisfied with the...

ABC News has admitted it used visuals in a report on acceleration problems with Toyota vehicles that didn't demonstrate what was actually happening. The network's handling of a Feb....

March 12 (Bloomberg) -- Marius Kloppers, chief executive officer of BHP Billiton Ltd., is winning his war on how the steel industry buys its raw...

March 12 (Bloomberg) -- New Zealand’s central bank may be one of the last in the Asia-Pacific region to raise interest rates this year due to a “sluggish” economic...

NEW DELHI: Food inflation cooled a tad to 17.81% during the last week of February. But overall inflation may not see much decline soon due to costlier motor fuels. While food prices are expected to...

AHMEDABAD: Leading UK drugmaker AstraZeneca Plc will brand and market 18 medicines manufactured by the Rs 1,600-crore Ahmedabad-based pharma company Torrent Pharmaceuticals in 9 emerging ...

CHENNAI: Nearly $60 billion worth of patents for drugs is set to expire in the next four years across the world and Indian pharmaceutical companies are now in a position to take a major share of ...

MUMBAI: A few leading banks, including some from the public sector, have been converting losses arising out of exposure to foreign exchange derivatives contracts into term loans for companies which...

NEW DELHI: In the largest overseas deal in healthcare, Fortis Healthcare will acquire nearly 24% "strategic" stake in Singapore-based healthcare group, Parkway Holdings from TPG Capital (formerly ...

TOKYO: Daihatsu Motor Co, a subsidiary of embattled Toyota, said on Thursday it was recalling almost 275,000 vehicles due to possible defects, the latest in a raft of problems hitting Japanese ...

MUMBAI: With the Bombay high court ruling against any restriction on transfer of shares in public companies, the structuring of PE deals has come under scanner. Rejecting an arbitral award...

NEW DELHI: Bharti Airtel, an integrated telecom services providers, entered into the business of content delivery solution, in which the company will broadcast movies to various cinema halls,...

CHENNAI: Getting tax refunds from the income-tax (I-T) department is a hassle for many citizens, who either do not receive it or get it only after many years. In a landmark ruling, the Central ...

MUMBAI: Taj Air (formerly known as Megapode Airlines), an air charter services company which the Tatas acquired from the Wadias, is on a revamp mode. The company is replacing its older fleet, ...

FRANKFURT: BMW's cost-cutting measures have begun to gain traction as the German premium automaker posted a better-than-expected 2009 profit despite lower vehicle production. BMW said yesterday,...

U.S. transportation officials say they're investigating a report that a Toyota Prius accelerated on its own and crashed into a stone wall in suburban New York.The crash Tuesday marked the second...

Toyota 's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting...

OTTAWA -- Transport Canada received 17 complaints regarding unexplained acceleration issues in Toyota vehicles in the years before the company began a major series of safety recalls, officials told...

March 11 (Bloomberg) -- Suppression of freedom of expression through crackdowns on the media and on Internet use rose last year, including in China, Iran and Russia, according to the U.S. State...

March 12 (Bloomberg) -- Indonesia’s central bank raised its estimate for economic growth this year to as much as 6 percent from an earlier forecast of 5.6 percent, Deputy Governor Hartadi A....

WASHINGTON (Reuters) - U.S. traffic deaths in 2009 hit their lowest level in since the mid-1950s, according to preliminary data released ahead of a congressional hearing expected to take a critical...

NEW YORK — For the want of a better two-second picture of a tachometer, ABC News has called into question its reporting on acceleration problems with Toyota vehicles. The network's handling of...

]'s wholly-owned subsidiary ETCM (C) Pty Ltd, has secured the exclusive rights to distribute Nissan vehicles in Cambodia.In a statement on Thursday, March 11, Tan Chong said its subsidiary has...

KUALA LUMPUR: The Industrial Production Index (IPI) for January 2010 beats analyst expectations, rising 12.7% from a year earlier and a 2.9% improvement month-on-month, while the December 2009 IPI...

KUALA LUMPUR: The Securities Commission of Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) have teamed up to host an international public forum on Islamic finance following the global...

KUALA LUMPUR: Global acceptance of the Islamic brand is growing at a rapid pace based on the keen interest shown by international firms to participate in the World Islamic Economic Forum (WIEF)...

SINGAPORE/NEW DELHI: Indian hospital chain Fortis Healthcare will buy 23.9% of Singapore’s Parkway Holdings from US buyout firm TPG Capital in an expansion drive into Asia and the Middle East. The...

By Jayne O'Donnell, USA TODAY Congressional probes, mushrooming lawsuits and a federal probe into reporting of acceleration defects have raised the risk of criminal charges for Toyota. The legal...

March 11 (Bloomberg) -- China is requiring a down payment for land purchases equal to 50 percent of a plot’s price and prohibited the supply of land for villas as the government sought to...