SM Prime Holdings, Inc. (SMPH.PH) said Monday its net profit for the second quarter rose 16% to 2.49 billion pesos ($59.4 million) as it continued to expand its shopping mall network and register higher sales on the back of steady growth in the domestic economy.

The government expects to restore power supply within two hours to several Northern states hit by a blackout earlier Monday, Power Minister Sushilkumar Shinde told Dow Jones Newswires.

Pedro Ciriaco's RBI single in the top of the 10th inning proved to be the game winner as the Boston Red Sox escaped with a 3-2 victory over the New York Yankees in the rubber match of a three-game series at Yankee Stadium.Ryan Sweeney added a two-run double for the Red Sox, who won the last two

London police lost a set of keys at an Olympic venue last week -- but security was not compromised by the incident, officials said Sunday. Officers securing Wembley Stadium, an Olympic soccer venue in west London, reported Tuesday that a set of internal keys used on searches at the venue were

More than $200 million was wasted on a program to train Iraqi police that Baghdad says is neither needed nor wanted, US auditors say.

London's transport officials are warning commuters to brace for potential delays on roads and the subway on the first working day of the Olympics.

Malayan Banking Bhd. (1155.KU), Malaysia's largest lender by total assets, is likely to be exempted from Indonesia's new rule limiting foreign ownership of local banks to 40%, Chief Executive Abdul Wahid Omar said Monday. When it proposed the rule last month, Indonesia said it would allow foreign

SM Prime Holdings, Inc. (SMPH.PH), the Philippines' largest operator of shopping malls, said Monday its net profit for the second quarter rose 16% to 2.49 billion pesos (59.4 million) from PHP2.15 billion due to the continued expansion of its shopping mall network.

A Korean government report concluding that banks' business practices harm consumers is credit negative for the sector, as it will likely spur calls to restrain bank profitability, Moody's Investors Service said Monday.

Bank of Communications Co. (3328.HK) is close to receiving final approval from China's securities regulator to complete its 29.8 billion yuan ($4.7 billion) worth of additional A-share sale, with more than two thirds of the shares likely to be purchased by the Ministry of Finance and the National