German business software company SAP announces a $4.3bn acquisition of cloud computing firm Ariba as growth in cloud technology takes off.

The eurozone debt crisis could have a negative impact on growth of East Asian economies, the World Bank warns in its latest report.

Japan's exports rise less-than-forecast in April hurt by a drop in shipments to China and Western Europe.

Reebok India has lodged a police complaint against two former employees accusing them of commercial and financial irregularities.

The Indian rupee continues its downward slide of the past few days and hits an all-time low against the dollar.

The US could tip into recession if the government does not avert year-end tax hikes and federal spending cuts, auditors say.

Upmarket fashion retailer Burberry reports strong growth in annual profits as it continues to expand around the world.

Lenovo, the world's second largest PC maker, reports big rise in annual profits thanks to strong demand for its products in China.