Indonesian businessman to buy Inter Milan

Indonesian businessman Erick Thohir is to buy a controlling interest in Italian football giants Inter Milan, president Massimo Moratti (pictured) has confirmed.

High hopes for U.S. debt deal

There is increasing optimism of deal being struck to end the current U.

Chinese inflation rises to 3.1%

Consumer prices in China rose by 3.

Vettel wins Japanese GP

Red Bull's Sebastian Vettel has won the Japanese Grand Prix, edging closer to another world championship.

Toyota to launch self-drive cars

Toyota has unveiled the next generation of cars featuring an autopilot system that will swerve to avoid collisions and also keep to the middle of the road, all without drivers touching the wheel – and the technology could be available on the market in a few years' time.

Panasonic to exit plasma TV business

Japan's leading Nikkei business daily has reported that electronics giant Panasonic will stop making plasma television screens by early next year as part of a huge corporate overhaul.

KFC parent Yum! Brands profits hurt by China food scares

Yum! Brands, the owner of fast food chains KFC and Pizza Hut, says its profit fell 68 percent in the third quarter, as its China sales slumped following controversy over its chicken supply and bird flu scare.

Typhoon Fitow hits China

Typhoon Fitow has hit China's eastern coast, with winds of up to 151km/h (93mph).

Asia shares fall as U.S. shutdown continues

Asian stocks fell on Monday as the U.

Airbus in landmark deal with Japan Airlines

Aircraft manufacturing giant Airbus has announced its first deal with Japanese carrier Japan Airlines (JAL).

Vettel wins Korea GP

Red Bull's Sebastian Vettel has won the Korea Grand Prix, putting himself on the verge of a fourth consecutive world championship.

Obama cancels Asia trip

U.

Samsung Electronics forecasts record profits for Q3

South Korean electronics giant Samsung Electronics, which is the world's biggest mobile phone and TV maker, has forecast record profits for the July to September quarter.

SE Asia energy demand to increase by more than 80% by 2035

Southeast Asia's energy demand will increase by more than 80 percent in the period to 2035, a rise equivalent to current demand in Japan, the International Energy Agency (IEA) has said, while the region's huge appetite for energy will leave nations exposed to price shocks.

Growth in developing Asia 'slowing' says ADB

Asian Development Bank (ADB) has cut its outlook for developing Asia, citing slower growth in China and India.

U.S. firm Kohlberg Kravis Roberts to buy stake in Chinese appliance firm

U.

Japan to increase sales tax

Japan's Prime Minister Shinzo Abe has said his government will raise the rate of sales tax to eight percent from 1 April next year.

China's manufacturing sector expands

China's manufacturing sector expanded for a second straight month in September, HSBC's closely watched purchasing managers' index (PMI) has revealed.

Japanese car parts firms fined by U.S. regulators

Nine Japan-based companies and two executives have agreed to plead guilty to conspiring to fix the price of car parts sold to U.