Indian shares ended higher on Wednesday, after three straight sessions of falls, tracking gains in European shares and boosted by a recovery in banking and auto stocks back home.
NEW DELHI The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won't be pursued by the authorities if they pay a penalty now to clear their name.
LONDON A rise in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany's financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar.
LONDON SABMiller shareholders backed the brewer's $100-billion-plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history.
NEW DELHI/MUMBAI India's sugar production in the 2016/17 marketing year is likely to drop below consumption levels for the first time in seven years, although ample carry-forward stocks will help the country meet local demand, an industry body said on Wednesday.
TORONTO BlackBerry Ltd posted a 31.8 percent fall in second-quarter revenue and it said it would end all internal hardware development, including its well known smartphones.
ALGIERS OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran.
NEW YORK Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration (NCUA) said.
BERLIN/FRANKFURT European Central Bank President Mario Draghi faces a grilling on Wednesday from German lawmakers who say the ECB's super-loose monetary policy has damaged the 19-country currency bloc and fuelled the rise of the populist right.
TOKYO Japan is accelerating its search for ways to improve some of its most important macroeconomic indicators to address long-standing concerns that some data are inaccurate or too volatile.