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India fails to break deadlock on GST

NEW DELHI Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.

Modi defends clampdown on cash economy

NEW DELHI Prime Minister Narendra Modi on Saturday defended his crackdown on the cash economy that has left businesses, farmers and families suffering, saying it was necessary to keep inflation in check and ensure basic amenities for all.

No price like home: Big spenders reappear in China

SHANGHAI/BEIJING China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents - a welcome boost for the world's luxury brands.

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