Jakarta was hit by widespread flooding Tuesday after hours of torrential rain, with thousands of homes inundated, cars stranded and people forced to wade through murky brown water. Water up to 1.5 meters (five feet) deep deluged parts of the Indonesian capital after a major thunderstorm...

London-based bank HSBC reported Tuesday that annual profit slumped by more than 80 percent following a year of "unexpected economic and political events" that contributed to volatile markets and influenced investment activity. Europe's biggest bank that net profit for 2016 tumbled 82 percent...

Seven companies will start trading in Saudi Arabia next Sunday on a parallel market designed to boost the role of small and medium firms, the bourse said Monday. The new market, called Nomu, “is an alternative trading platform with lighter listing requirements compared to the main...

Five people were killed on Tuesday when a small plane crashed in to the roof of a shopping mall after taking off from an airfield outside Melbourne, Australia's second-largest city, police said. The twin-turboprop Beechcraft King Air plane suffered engine failure and crashed into the mall...