Field of Dreams: Singapore Sports Hub to open by April 2014

Construction is well under way for Singapore's new Sports Hub.

Vodafone-China Mobile consortium withdraws Myanmar bid

Vodafone and China Mobile have withdrawn their joint bid for one of two licenses offered in Myanmar saying the returns do not justify their investment.

China manufacturing sector contracts in May

China's manufacturing activity shrank more than first reported in May, HSBC's final purchasing managers' index (PMI) has revealed.

Nine confirmed dead in collapsed Indonesia mine

Rescuers have recovered the bodies of four more workers from a collapsed underground room at a giant U.

Singapore Airlines FY profit up 12.8 percent

Singapore Airlines said its net profit in the year ending March "improved" 12.

Japan's economy shows signs of recovery, grows in Q1

Japan's economy, the third largest in the world, grew at a faster than expected pace in the first quarter led by robust private consumption and a rebound in exports on the back of the government's radical policies to reflate the economy.

Last-gasp Ivanovic goal sees Chelsea win Europa League

Chelsea's Champions League failure had a happy ending Wednesday when they defeated Benfica to win the Uefa Europa League.

Panasonic records $7.5 billion annual loss

Japanese electronics giant Panasonic says its net loss reached $7.

Yen breaks 100 mark versus dollar

The Japanese yen has breached the 100 yen to the U.

Shell presses ahead with world's deepest offshore oil well

Royal Dutch Shell is pressing ahead with the world's deepest offshore oil and gas production facility by drilling almost two miles underwater in the politically sensitive Gulf of Mexico.

Sony back in black, reports first profit in five years

Electronics giant Sony has reported an annual profit for the first time in five years thanks to stronger sales and a weakening yen.

McDonald's sales hit by weakness in Asia, Europe

Fast food giant McDonald's says that "global comparable sales" slipped again in April, citing challenging economic conditions.

Toshiba quarterly profit falls on weak demand

Toshiba says its quarterly net profit has fallen 62 percent from last year, with a decline in demand for its televisions, computers and other digital products.

Sir Alex Ferguson to retire as Manchester United manager

Sir Alex Ferguson, the most successful manager in the history of British football, is to retire at the end of the season.

Airtel sells 5% stake to Qatar Foundation

India's largest mobile phone operator, Bharti Airtel, announced on Friday that it has agreed to sell a five percent stake in itself to the Qatar Foundation Endowment (QFE).

Alibaba buys 18% stake in Sina's Weibo

Internet giant Alibaba has bought an 18 percent stake in Twitter-like Weibo.

Chinese manufacturing growth slows in April

China's April manufacturing PMI, released by HSBC, slowed in April, adding to concerns about the country's economic recovery.

Japan recovery "few years" away warns Finance Minister

Japan's Finance Minister Taro Aso has warned that economic recovery is at least a "few years" away and it may take longer than the targeted two years to reverse the country's deflation.

Vettel wins Bahrain GP

Red Bull's Sebastian Vettel won the Baharain Grand Prix on Sunday, his second win in four races this year.