German, ECB Moves Foster Bailout Hopes

A debt restructuring and second bailout for Greece appeared likely to go ahead.

Asian Shares Rise on U.S. Data

Asian stock markets rose Friday on upbeat U.S. economic data and signs of progress in Greece's efforts to avoid a debt default, with a weaker yen propelling Tokyo stocks higher.

India to Increase Borrowing Next Year

India is likely to borrow about 5.5 trillion rupees ($110 billion) next financial year, nearly 8% more than this year, to help bridge a widening fiscal deficit as it struggles to limit subsidies.

Heard: India's ONGC — a Very Rough Diamond

When New Delhi sells a piece of the crown jewels, investors are bound to be interested. Buying into state-owned Oil and Natural Gas Corp. is a bet on government policy—in India, that means investors should be wary.

Telenor Seeks Damages, New India Partner

Norway's Telenor said it will look for a new partner in India and seek compensation for lost mobile licenses from its current partner Unitech, following the cancellation of the licenses by an Indian court earlier this month.

Some Still Sweet on the Yen

Despite the Bank of Japan's efforts to counter the yen's rise, some investors doubt that the currency's 14-year rally is over.

Japanese Banks in Talks on Tepco Help

Talks are under way between Japan's banks, Tokyo Electric Power and the government-run nuclear compensation fund about another lifeline for the utility, but any decision appears to be off in the distance, the head of the nation's most influential banking group said.

ECB to Exchange Greek Bonds

Leaner Times for GM White-Collar Workers

Yelp Sets Terms for March IPO

GM Squeezes After Bailout

Greece: Nerves Fray as Deal Terms Go Toxic

Moody's Reviews Europe Banks

Italian Ship Fires on Indian Fishermen