World Business News

The Philippine Stock Exchange index (PSEi) rose by 0.02% or 0.89 point to 4,649.00, while the broader all-share index was up by 0.02% or 0.56 point to 3,145.68.

Coal India will deploy its surplus cash to invest in the eastern freight corridor, build power plants and boost capital expenditure, chairman NC Jha said, responding to a directive from the Prime Minister's Office (PMO), even as oil companies say they are already stretched.

Malaysian long-haul budget carrier AirAsia X announced plans to scrap unprofitable routes to Europe and India as it prepares for a planned flotation, citing weak demand and a row over European Union emissions charges.

MUMBAI: Flagging off the Q3 earnings season, IT major Infosys today posted a 33.25 per cent increase in consolidated net profit to Rs 2,372 crore for the three-month period ended December 31, 2011, above market expectations.