Tycoon delays Russia's first hybrid car launch

Russian billionaire Mikhail Prokhorov's auto division announced Monday it was delaying until late 2014 this year's planned launch of the petrol-guzzling country's first hybrid vehicle.

India's Wipro shares fall on share sale to fund charity

Shares in India's leading IT outsourcer Wipro fell 2.2 percent at one point Tuesday after its chairman, Azim Premji, said he will sell a 1.4 percent stake in the firm to fund charitable causes.

Four Canadians indicted on US gambling charges

US authorities seized the gambling website Bodog on Tuesday and announced the indictment of four Canadians on charges of illegal sports betting and money laundering, including founder Calvin Ayre.

Mexico billionaires battle over telecoms sector

Battles between three Mexican billionaires over control of the lucrative telecoms sector heated up again this week, intensified by international criticism of monopolistic practices.

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