Dubai / Reuters Saudi Arabian companies already grappling with the effects of low oil prices and government austerity measures face a fresh challenge from new accounting standards that could provide windfall gains for some but saddle others with higher charges. As part of efforts to bring the Saudi stock market into the global investing mainstream, the Capital Market Authority …

  Benaulim / AFP Chinese President Xi Jinping said on Sunday a rising tide of protectionism and anti-globalisation was endangering the world economy’s still fragile recovery as BRICS leaders vowed to forge closer business and trade ties. At a summit in the Indian tourist hub of Goa, host Prime Minister Narendra Modi and the leaders of China, Russia, Brazil and South …

  Yangon / AFP Four people are confirmed dead and dozens more are feared to have drowned after an overloaded ferry sank on Myanmar’s Chindwin River, local authorities said Sunday. A total of 154 people have been rescued so far since the boat capsized early Saturday morning as it travelled from Homalin to the city of Monywa, northwest of Mandalay. …