Peugeot maker PSA Group is preparing to sell its 50per cent stake in a joint venture with Chongqing Changan Automotive , a Chinese partner also exiting the manufacturing tie-up, a spokesman for the French carmaker said on Thursday.
Shares in Future Retail Ltd surged 13per cent on Friday, after India's antitrust body approved a deal that would give Amazon.com Inc a minority stake in one of the country's top retail groups.
HONG KONG: Low-cost carrier Hong Kong Airlines said Friday (Nov 29) it will delay salary payments to some staff, warning its business has been "severely affected" by the political unrest in the city. Nearly six months of protests in the international finance hub have dealt its tourism sector a...
China's Ministry of Transport said car-pooling services have to limit the daily number of rides drivers can offer through apps such as Didi Chuxing's Hitch, which began trial operations this month a year after passenger deaths left the service suspended.
SEOUL: South Korea's central bank on Friday (Nov 29) cut its growth forecast for this year to 2 per cent, which would be the weakest rate in a decade as the economy is battered by trade disputes. The world's 11th-largest economy is highly dependent on international commerce but is grappling...
Ant spring rolls, silkworm taro croquettes and a "bug mac" -- Cambodia's first insect tapas restaurant is mixing cocktail culture with creepy crawler fare.
MILAN: Luxury brands are likely to retreat from Hong Kong as the city is wracked by protests at a time when wealthy Chinese shoppers are staying on the mainland, consultancy Bain said on Thursday (Nov 29), highlighting a shift that is reshaping the global industry. Sales growth for companies...
HONG KONG: Airlines that fly to and from Hong Kong will be able to keep their prized airport slots even if they temporarily cut capacity due to weak travel demand through March, according to the Hong Kong Civil Aviation Department. READ: Hong Kong gears up for weekend protests after rare...
Global shares ticked up on Friday, but hesitated to test an all-time peak as investors worried a new U.S. law backing Hong Kong protests could derail Washington's and Beijing's efforts to end their trade war.
SAN FRANCISCO: Facebook said it had restored service following an outage on Thursday (Nov 28) that hindered access to the social platform and its other apps such as Instagram. "Earlier today, people may have experienced trouble accessing Facebook's family of apps. The issue has since been resolved ...
