Siemens speeds cost-cutting, beats profit forecasts

German industrial group Siemens beat expectations for second-quarter profit as it accelerated a cost-cutting program and lifted its savings target for the year on Wednesday.

AB InBev suffers weak start to year in Brazil

Ab InBev reported lower than expected earnings in the first three months after what it said was one of the most challenging quarters in Brazil in years.

SocGen pledges more cost cuts, says confident on 2016

Societe Generale pledged to cut costs this year and sought to reassure investors it was confident about its 2016 outlook.

Google challenges Apple in India with credit card alternative

Android has dominant share in India, but it's been difficult for many consumers to buy digital goods.

Aeropostale files for Chapter 11 bankruptcy protection

(Reuters) - Struggling teen apparel retailer Aeropostale Inc filed for Chapter 11 bankruptcy protection on Wednesday, succumbing to years of losses as shoppers thronged fast fashion retailers and competitors.

Live: European earnings bonanza takes center stage

Our live blog is tracking market reaction as a number of companies unveil quarterly earnings.

Baidu may face tough penalties after student’s death

Baidu could face penalties and healthcare digital ads could be subject to controls in the aftermath of a student's death, SCMP reports.

North Korea capital gears up for congress; South fears nuclear test

Pyongyang was festooned on Tuesday with banners ahead of a ruling party congress, as fears spark in South Korea of a possible nuclear test.

Australia unveiled a new budget and one economist thinks it’s ‘a complete dud’

Australia unveiled a budget package high on new taxes but low on measures to boost sagging growth. Economists don’t seem that convinced.

U.S. oil industry bankruptcy wave nears size of telecom bust

HOUSTON (Reuters) - The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week's filings for creditor protection by Midstates Petroleum and Ultra Petroleum .

This investor wants Sri Lanka to return to the 1970s, in a good way

Sri Lanka would have been the world's top tourist destination, if not for the decades lost to civil war, says investor Roman Scott.

Takata to recall of 35 million-40 million US air bag inflators: Sources

Takata is expected to announce as early as Wednesday that it is recalling additional inflators in U.S. vehicles, three sources said.

BHP, Vale are facing a $44B lawsuit from prosecutors in Brazil

Vale and BHP Billiton are facing one of Brazil's largest civil lawsuits after prosecutors demanded $44 billion in damage, the FT reports.

Goldman Sachs: Time to cut exposure to China property

China property prices may be on a tear, but it's time to cut exposure to developers' stocks amid a glut of supply, Goldman said.

Charts show gold going to $1,340 and fast. Here’s the signs to watch for

There are three key features to look out for in this breakout in the gold price.