The social news group BuzzFeed unveiled a major new expansion plan, using a fresh infusion of $50 million in venture capital.

Andreessen Horowitz, the big Silicon Valley venture group, announced late Sunday it is investing $50 million in BuzzFeed and that one of its partners, Chris Dixon, will be joining the company’s board.

An "enormous" class action over credit card late fees charged by financial institutions, including Citibank and Westpac, on behalf on all their customers was filed in an Australian court Tuesday.

The action -- which could become Australia's biggest consumer lawsuit -- was filed by lawyers Maurice Blackburn against Westpac, Citibank, St. George, BankSA and ANZ in the New South Wales Supreme Court.

Oil prices fell in Asia Tuesday on easing concerns about supply disruptions arising out of conflicts in Ukraine and Iraq, analysts said. 

U.S. benchmark West Texas Intermediate for September delivery eased 27 cents to $97.81 while Brent crude for September was down 22 cents to $104.46 in mid-morning trade.

The shares of Russia's two biggest banks soared on Monday after avoiding being delisted from a top emerging markets index as part of the West's response to the Kremlin's stance in Ukraine.

Venezuela's nighttime border closure, a move meant to combat smuggling, will be costly, Colombia's transport industry said Sunday.

Asian markets opened up Monday following widespread falls last week as investors took heart from Wall Street shrugging off fears over instability in Iraq and Ukraine.

At a glitzy show stall for a new residential development in Hong Kong, property agents with loudspeakers are promoting the latest trend in the overcrowded city -- high-end "micro-flats" which still come with an eye-watering price tag.

India's top crime fighting body is investigating a $155 million loan by a state-run bank to debt-ridden Kingfisher Airlines, a police official said Sunday.

Excellent IT and language skills have helped Bulgaria's outsourcing sector boom, raising hopes that it could prop up the badly stagnating economy of the EU's poorest country.

Israeli bombardment has left parts of Gaza in ruins, and the enclave's already shattered economy is also feeling the pinch as prices for staple foods have started to climb.

The market in Gaza City's Shati refugee camp was bustling Saturday, but many of the camp's hard-up residents are buying less.