India's second-largest private carrier Kingfisher Airlines reported Thursday a higher third-quarter net loss but said the outlook for the industry was improving. Kingfisher, owned by liquor baron Vijay Mallya, said its net loss increased to

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China will look for new ways to invest the world's largest foreign exchange reserves this year to generate higher returns, a senior regulatory official said on Thursday. It would be a challenge for the country

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EasyJet grew first quarter revenue by 10.5 percent and said it would deliver higher full-year profit, offsetting losses caused by Britain's big freeze and boosting hopes of a recovery in budget air travel. The airline,

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Kenya aims to sell a 51 percent stake in National Bank to a strategic investor and 10 percent to the public, a senior source at the country's privatisation body said on Thursday. But the eventual

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India's annual food prices eased in early January for the third week running, government data showed on Thursday, but the central bank is still expected to tighten monetary policy by increasing cash reserves held at

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Xerox Corp posted quarterly results that beat expectations, as cost cutting helped to improve margins, and delivered an optimistic outlook, sending its shares up 2.6 percent. The office document management company, whose rivals include Hewlett-Packard

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Nokia will follow Google, offering free maps on its cellphones, in a move to boost handset sales and prices, but one that will hit other satnav players. Nokia hopes free navigation will bolster its flagging

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The world's richest nations are set for better growth this year than thought just a few months ago, although economists polled by Reuters are betting interest rates will remain at record lows well into the

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South Korea raised its job growth target for this year by 25 percent, saying it would introduce a range of industrial and tax incentives to help lift employment as the economy heads towards recovery. The

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Germany will from next year need to initiate an exit strategy from stimulus measures introduced to stem the effects of a sharp recession, Economy Minister Rainer Bruederle said on Thursday. "We will need an exit

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