TOKYO - Asian shares pulled ahead on Wednesday, taking their cue from Wall Street's strong performance as upbeat results from two technology bellwethers offset recent concerns about the outlook for the global economy.
SINGAPORE - Gold was trading near its highest level since early September on Wednesday, supported by concerns over slower economic growth in China.
The govt ordered trading software provider Financial Technologies (India) Ltd to fully absorb its defunct unit National Spot Exchange Ltd (NSEL) and assume the outstanding liabilities of the troubled commodities bourse. Financial Tech already owned 99.9 percent of NSEL, which was wound down last year after defaulting on obligations to counter-parties amounting to around 55 billion rupees. Full Article
Air quality in New Delhi will deteriorate to "severe" levels this week when Indians set off firecrackers to celebrate the Hindu festival of lights, a government scientist said, leaving many at risk of respiratory problems. The warning is significant as New Delhi dismissed a WHO study which found the capital to have the world's worst air pollution. Full Article | Slideshow: Diwali celebrations
Christophe de Margerie, the head of French oil and gas giant Total who died when his jet crashed in Moscow, was a gregarious bon vivant with a passion for risk-taking and deal-making. Known as "The Big Moustache" for his bushy, grey moustache, de Margerie, was the most charismatic and outspoken oil executive of his generation. Obit
As well as making the lives of millions of middle class Indians easier, the sharp drop in Brent crude prices since June is a boon for Prime Minister Narendra Modi in his fight to revive an economy growing at its slowest rate since the 1980s. Full Article
Peace Laureate's Call
Countries around the world should cut their defence budgets and invest in education if child labour is to be eradicated, said Nobel laureate Kailash Satyarthi. Satyarthi founded the charity Bachpan Bachao Andolan (Save the Childhood Movement) in 1980 and has helped rescue over 80,000 children - many of whom were trafficked from poor rural villages. Full Article
Dr. Margaret Chan, who leads the WHO, sent her chief of staff to a WHO regional conference in Manila to spotlight something we rarely keep in our conscious mind and don’t, collectively, do much about: Inequalities can be a matter of ever-longer life, or a most miserable death: Inequalities can be a matter of ever-longer life, or a most miserable death. Commentary
America — proudly dubbed the “indispensable nation” by its national-security managers — is now the entangled nation enmeshed in conflicts across the globe. The indispensable nation is permanently engaged across the globe. But endless war undermines the Constitution. Commentary
Cheaper oil won’t be much of a tonic for Asian economies. While painful for exporters, sliding prices should benefit consumers of crude. For most in the region, though, less expensive oil is mainly a sign that growth is stalling. The big exceptions are India and Indonesia. For them, the price slide over the past 4 months translates into significant budgetary savings. Full Article
Ruthless Bayern Munich scored five goals in the first 35 minutes on the way to a 7-1 demolition of AS Roma on Tuesday which bore an uncanny resemblance to Germany's win over Brazil by the same score in the World Cup semi-final. Read | We need to do better - Guardiola