Luxembourg's administrative court on Tuesday rejected an appeal by former IMF chief Dominique Strauss-Kahn, confirming his obligation to pay 75,000 euros in back taxes from a now-bankrupt investment firm he once chaired.

EU finance ministers on Tuesday painfully agreed on the criteria to draw up a European blacklist of tax havens, but Britain watered down the proposal, eager to protect low tax dependencies such as Bermuda and Guernsey.

Moscow stocks ticked up Wednesday on news of Donald Trump's victory in the US presidential election, running counter to falls in global financial markets, amid hope that Trump would mend relations with Moscow.

Price for goods at the factory gate rose in China for the second straight month in October, officials said Wednesday, in a sign of strengthening demand in the world's second-largest economy.

Opec's job of trying to prop up oil prices has just got much harder.

Pharmaceutical stocks surged in Europe on Wednesday as Republican Donald Trump's US presidential election win led investors to conclude the threat of tough action on drug pricing had receded.

INDIA'S government on Tuesday withdrew the two largest-denomination banknotes from circulation in a bid to tackle tax evasion and corruption.

The US dollar, Mexican peso and world stocks began to steady in the European morning on Wednesday, having been hammered overnight as Donald Trump swept to victory in the US presidential election.

The European Union on Wednesday nearly halved its economic growth outlook for Britain in 2017 due to the impact of the Brexit vote to leave the bloc.

The European Union on Wednesday raised its eurozone growth forecast for this year but trimmed it for next year, warning that the economy faced new challenges due to Brexit and increased volatility.

Donald Trump's victory in the US election sent shockwaves through industries that rely on open trade, from airlines to cars and IT outsourcing, even though many executives remain unsure what his protectionist rhetoric will mean in practice.

Oil prices fell in Asia on Wednesday as Republican candidate Donald Trump defeated Democratic rival and market favourite Hillary

Bangladesh and Sri Lanka have agreed to sign a free trade agreement (FTA) to boost bilateral trade, the commerce ministry said in a statement yesterday.

World stocks, the dollar and oil fell on Wednesday, while safe-haven assets such as gold and the Swiss franc rose as investors were rattled by signs the US presidential race was tightening just days before the vote.

Chinese e-commerce firm Alibaba Group Holding Ltd on Wednesday reported a 55 percent rise in second-quarter revenue, beating analyst estimates, on the back of core online sales and strong media and entertainment growth.

Facebook Inc's Instagram said that it will start tests next week on a new shopping feature through which users can buy products from US-based retailers via the photo-sharing app.

US auto sales fell in October, in a fresh sign of slowing in the industry as American automakers struggle to maintain recent high levels of demand.

Unemployment in Germany sank in October to a new low since unification in 1990, official data showed Wednesday, as Europe's top economy surprised analysts with a robust outlook.

Despite some division in its ranks, the US Federal Reserve is expected to leave interest rates unchanged Wednesday as policymakers gathered in the shadow of the hotly contested presidential election.

Aerospace giants Boeing and Airbus took potshots at one another at the Zhuhai air show, as the US and European rivals seek to capture more of China's booming aircraft market.