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Growth Wanes for India's Tech Titans
India's information-technology industry is losing steam. The credit crunch and spending slowdown in the U.S. are hurting the companies' biggest market, while a cheaper dollar shrinks their profits. Competition is rising from other low-cost nations.
Pakistan's Neighbors Wary of New Tensions
Officials in India and Afghanistan have realized for months that Musharraf, wasn't in charge of their fractious neighbor. But his departure raises new fears that a rudderless Pakistan will exacerbate tensions with its neighbors and increase terrorism.
India Seeks Nuclear Break
A multinational group that monitors sales of civilian nuclear technology will scrutinize a deal between the U.S. and India. The U.S. would supply India with nuclear fuel and technology for civilian purposes if the deal were approved.
Shanghai's Surge Buoys Asia
China's benchmark index surged more than 7% as speculation the government may be considering a fiscal stimulus package helped shares reverse early declines and improved sentiment throughout the region.
Reliance Eyes Cellphone Game Makers
India's Reliance ADA is hunting for U.S. acquisitions in the mobile-content market, seeking to extend its U.S. foothold beyond movies.
Liu Apologizes as China Sticks by Its Star
Chinese hurdler Liu Xiang said he was sorry for his surprising withdrawal from the Olympics but that he had no choice because pain from a foot injury became unbearable.
Dubai Corporate Probes Grow
Dubai widened its probe of top corporate executives in what appears to be an effort by the government to repair the emirate's reputation.
French Soldiers Killed in Afghanistan
Ten French soldiers were killed in two days of fierce fighting outside Kabul in the single biggest loss for international forces in Afghanistan in more than three years. Separately, suicide bombers tried to storm a U.S. military base near the Pakistan border.
China Raises Electricity Prices Again
China raised electricity prices for the second time in two months, an unexpectedly quick move that underscores the problems the nation is facing in keeping its booming economy supplied with energy.
BOJ Offers Grim Outlook
The Bank of Japan held interest rates steady but downgraded its assessment of the domestic economy, describing it as "sluggish" for the first time in 10 years.

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