The outlook for inflation and the future of financial stability are emerging as dueling concerns at the heart of a debate at the US central bank over how fast to proceed on future interest-rate hikes.

M Kamal Hossain was promoted as the managing director of Southeast Bank on Tuesday, according to the lender.

Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.

Toshiba said Wednesday it will hold exclusive talks with a consortium of US, South Korean and state-backed Japanese investors to sell its prized memory chip business, as the loss-hit conglomerate scrambles to raise cash.

Ford will import its next-generation Focus sedans into the US market from China, after a highly-publicized move to cancel plans to build the car in Mexico, the company announced Tuesday.

Angola's capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer's annual survey said Wednesday.

Apple has expanded its legal battle against Qualcomm, accusing the US chip maker of charging for invalid patents in the latest twist in the clash between the two tech giants.

Emirates, the Middle East's largest airline, is looking to the region's biggest economy, Saudi Arabia, to help make up for a drop in demand that has forced it to keep five aircraft grounded.

Takata shares plunged again Wednesday, losing almost half of their value in just three days of trading on reports the troubled Japanese

OIL-RICH Gulf countries, which for decades have attracted millions of foreign workers thanks to their reputation as tax-free havens, aim to introduce value-added tax in 2018 to plug budget gaps.

UBER said Wednesday that its embattled chief executive Travis Kalanick had agreed to step down from his job, as the company tries to clean up a corporate culture that has sparked charges of harassment and discrimination.

Most emerging Asian currencies edged up on Monday, with the Korean won leading gains as the dollar was subdued by questions over the strength of the US economy after weak economic data.

Asean and South Asia are building infrastructure at an unprecedented rate. Anyone who travels the capital cities of this region knows it

The political crisis in the Gulf is putting at risk business deals worth $2 billion in Arab countries that have cut ties with Qatar, an economic official in the emirate said Monday.

Chinese state oil giants Sinopec and PetroChina are waging war at the nation's gas pumps, slashing prices at unprecedented rates in an effort to reclaim sales lost to private local and foreign rivals in the $440 billion retail fuel market.

The European Union can levy economic sanctions on anyone caught attacking EU states' computer networks, EU foreign ministers said on Monday, the bloc's latest step to deter more attacks following incidents in Britain and France.

Bangladesh Bank has advised all scheduled banks to distribute relief and financial assistance among the people affected by the recent landslides in Chittagong hill tracts areas.

Lockheed Martin signed an agreement with India's Tata Advanced Systems on Monday to produce F-16 fighter planes in India, pressing ahead with a plan to shift its Fort Worth, Texas plant to win billions of dollars worth of order from the Indian military.

The head of a major Taiwanese bank has been detained on suspicion of granting illegal loans, just months after another banking scandal rocked the island's financial sector.

Oil prices edged higher on Monday, pausing for breath after coming under pressure over the past month from rising production in the United States, Libya and Nigeria, which has taken the edge off an OPEC-led initiative to support the market by cutting production.