MADRID / AFP Six officials of Chinese megabank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said. They were detained overnight and while three of them can be freed if they post bail of 100,000 euros ($111,000) each, the others will remain in custody for the time being, ...

New Delhi / AP The yen rose, posting its longest run of weekly gains since September, as investors look past signs of improvement in the US economy and instead channeled their cash into haven assets. Japan’s currency strengthened against all its 16 major peers even after a U.S. report showed inflation rose the most in more than four years last ...

New Delhi / Bloomberg India’s government will provide 40 billion rupees ($580 million) to upgrade the infrastructure of the first 20 cities selected under Prime Minister Narendra Modi’s smart cities program, according to a statement from the Ministry of Urban Development on Saturday. Six cities — Jabalpur, Indore and Bhopal in the central state of Madhya Pradesh, and Jaipur and ...