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This Could Devastate India's Prized IT Sector

India Cricket Fans

India's prized $108 billion information technology (IT) services sector is on a "knife edge" in the face of a looming vote on the U.S. immigration reform bill, which threatens the very business model the industry thrives on, says Nomura.

China's Economic Outlook Just Keeps Getting Worse

Chinese Flag

The unexpected contraction in China's factory activity in May has heightened the risk of a further slowdown in the second quarter, after the world's second largest economy grew at its slowest pace in three years over January to March, said economists.

Russia's 'Facebook' Blacklisted By 'Mistake'

Luzhniki Stadium Moscow

Russia's leading online social network was briefly banned on Friday, in a move dismissed as a "mistake" but which follows intensifying official pressure on the company as President Vladimir Putin consolidates his power.