Shares of Japan's Mitsubishi Motors Corp plunged more than 10per cent to an all-time low on Tuesday after the automaker posted dismal sales in its key Southeast Asian market and forecast a huge loss for this financial year.
Lawyers representing Huawei Technologies' Meng Wanzhou, who is fighting against extradition to the United States, argued in a Canadian court on Monday that redacted documents prepared by the Canadian spy agency relating to her December 2018 arrest should be released.
Asian equities were set for a modest rise on Tuesday as investors weighed progress in U.S. government stimulus efforts against rising tensions with China and the growing coronavirus pandemic, while gold hit a record high.
Hyundai Motor Co, an early backer of hydrogen cars, has watched the electric rise of Tesla, including on its home turf. Now's it's going on the offensive in the battery-powered market led by its U.S. rival.
It is a sleight of hand that Goldman will fork out US$2.5 billion, while the Malaysian Government will drop criminal charges against the bank, says the Financial Times' Brooke Masters.
Intel Corp's Chief Engineering Officer Murthy Renduchintala is departing, part of a move in which a key technology unit will be separated into five teams, the chipmaker said on Monday.
US Senate Republicans on Monday were racing to complete details of a US$1 trillion coronavirus aid package hammered out with the White House that they hoped to unveil later in the day as unemployment benefits that have kept millions of Americans afloat are set to expire this week.
SINGAPORE: Singapore sovereign wealth fund GIC posted a drop in returns for the last financial year, as it warned of a challenging global economic outlook amid the COVID-19 pandemic. For the year ended Mar 31, GIC’s 20-year annualised real rate of return came in at 2.7 per cent, down...
The first five of a batch of French Rafale fighter jets purchased by New Delhi in a controversial multibillion-dollar deal headed to India on Monday for rapid deployment amid rising tensions with China.
Off a narrow corridor above a store selling Persian rugs in central Tokyo, a small office houses a private operation which won a tender in April to distribute more than US$20 billion in government aid to businesses hit by the new coronavirus.
