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J.C. Penney Co Inc’s stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million.

Most Southeast Asian stock markets closed lower on Tuesday, with the Philippines losing 1.6%, as fears of a possible currency war between the United States and China spooked investors. The U.S. Treasury Department said on Monday it had determined that China was manipulating its currency and...

* Offshore yuan rallies 1% from record lows, still weaker than 7

TP ICAP, the world's largest inter-dealer broker, on Tuesday reported lower first-half profits as its broking business was hit by weak trading results at its investment bank clients, but said trading activity had revived in June and July.

India Inc has turned in its most disappointing quarterly numbers in at least three years and analysts warn hopes for any festive season cheer are likely to be dashed by a slowing economy.

Japanese hotel operator Unizo Holdings Co said on Tuesday it would reject a bid by H.I.S. Co to raise its stake, adding that the offer lacked synergy and was priced low, setting the stage for a potential rare hostile bid in Japan.

Turkey's finance minister said on Tuesday a loan rate discount from three public banks has lead to a record high demand for mortgage loans over the past two days, giving the construction sector an "anticipated" boost.

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* Vivendi rallies on talks to sell UMG stake (Updates prices, adds quote)

Nedbank called for more urgent government action to fix South Africa's struggling economy on Tuesday after first-half earnings at its main domestic operations flatlined.

Aero-engine group’s operating profit rises but cash drain bigger than expected