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Manufacturers in Asia upped their tempo in April to meet growing demand from overseas, in a sign that while the road to recovery might be bumpy, the global economy remains on track and the worst has probably passed for China.

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Bharti Airtel says March quarter profit fell 28 percent from a year earlier, far more than expected on interest, foreign exchange and tax losses.

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The lack of a sales tax increase in Japan could bring forward “the day of reckoning” in the Japanese government bond (JGB) market and cause investors to demand higher premiums, Tom Byrne, a senior vice president of Moody’s Investors Service, said on Wednesday.

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MADRID - Spain sank into recession in the first quarter and economists said spending cuts aimed at meeting strict EU deficit limits together with troubles in the banking sector would delay any return to growth until late this year or beyond.

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Pakistan seeks to double its trade volume with the UAE to $26 billion in the next couple of years as it offers investment projects at the Annual Investment Meeting, or AIM, in Dubai today, its senior minister said.

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An Australian billionaire said he’ll build a high-tech replica of the Titanic at a Chinese shipyard and its maiden voyage in late 2016 will be from England to New York, just like its namesake planned.

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NEW YORK - US stocks and the dollar rallied on Tuesday after data showed US manufacturing grew in April at the strongest pace in 10 months, soothing recent worries about the economy.

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Saudi Arabia’s benchmark stock index dropped to the lowest level in almost one week on speculation this year’s rally was overdone and as crude oil slipped in New York trading.

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DUBAI - Dubai Airports continued its impressive form at the annual Business Traveller Awards held in Dubai, when it was awarded the ‘Best Airport in the Middle East’ for the sixth consecutive year.

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