Reuters

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A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

State Banks to Seek Market Funds on Modi Growth Hopes

State banks plan to tap capital markets for billions of dollars after a new government takes office, executives and bankers say, betting on a revival in credit demand and giving them a chance to shore up battered balance sheets. May 16, 2014
Narendra Modi

Vote Count puts Modi on Course for Resounding Win

Early counting of results in India's general election put opposition leader Narendra Modi on course for a resounding victory that would hand him a clear mandate for his agenda to revive growth and create jobs. May 16, 2014
People mourn during the funeral of a miner who died in a fire at a coal mine, at a cemetery in Soma, a district in Turkey's western province of Manisa

Mass Funerals, Mounting Anger as Turkey Mourns Mine Workers

Loudspeakers broadcast the names of the dead as rows of graves were filled in this close-knit Turkish mining town on Thursday, while thousands protested in major cities as grief turned to anger following the country's deadliest industrial disaster. May 16, 2014
Narendra Modi

Modi on Brink of Power as India Vote Count Begins

Counting of votes began on Friday after India's mammoth election, which could usher in the most profound economic change in a generation if opposition leader Narendra Modi wins a clear mandate for his agenda to revive growth and create jobs. May 16, 2014
HSBC London Office

HSBC says Bonus for Chairman Capped at 1 Million Pounds

Banking group HSBC Holdings Plc (HSBA.L) has attempted to head off investor criticism over a new pay plan, capping any share bonus for its Chairman Douglas Flint this year at 1 million pounds ($1.7 million) and saying it would be a one off. May 15, 2014
Nikkei

Japan Q1 Growth Fastest in more than 2 years Before Tax Hike

Japan's economy grew in the January-March quarter at the fastest pace in more than two years as consumers rushed to spend before a sales-tax hike and business investment rose in a sign of confidence in the prospects for future growth. May 15, 2014
Pfizer

AstraZeneca Leaves Door Ajar to Pfizer, Despite Hurdles

AstraZeneca's boss said on Wednesday he would engage with Pfizer if the price was right and the risks posed from forcing the British drugmaker's operations into the U.S. company's new three-unit model were addressed. May 15, 2014
Asian Shares Bounce from 4-week low

Asian Shares Tread Water, Bonds Supported

Asian shares pared early losses on Thursday but held below the previous session's one-month highs, while expectations of credit easing by the European Central Bank knocked yields on U.S. and European bonds. May 15, 2014
abduction-in-nigeria

Boko Haram Rebels Kill Four Nigerian Soldiers in Ambush

Boko Haram rebels killed four Nigerian soldiers in a night ambush outside the northeastern city of Maiduguri and several insurgents also died in the firefight, according to a statement on Wednesday from Defence Headquarters. May 15, 2014
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