Nissan Motor Co Ltd is likely to axe its Datsun brand, drop some unprofitable products and close a number of assembly lines worldwide as it seeks to boost profits by getting smaller, two company sources with direct knowledge of the matter said.
Huawei Technologies Co Ltd launched its foldable 5G Mate X smartphone on Wednesday, starting pre-sales for the device in China on the same day.
SINGAPORE: Singapore's core inflation gauge rose 0.7 per cent in September, slightly less than the previous month as it hit a more than three-year low, data showed on Wednesday (Oct 23). The September figure was also lower than the median forecast in a Reuters poll that called for a 0.8 per ......
Toyota Motor's Lexus will launch its first all-battery electric vehicle next year, as the luxury brand races to market a battery-operated car amid growing competition to develop zero-emissions vehicles, the head of the brand said on Wednesday.
The heir to the Samsung empire returns to court this week for a retrial over a sprawling corruption scandal that could see him return to prison and deprive the world's largest smartphone and chip manufacturer of its top decision-maker.
KUALA LUMPUR: Malaysia has discussed a US$2 billion to US$3 billion settlement with Goldman Sachs over the US bank's alleged role in the 1MDB scandal, Bloomberg reported on Wednesday (Oct 23), less than half the sum the Southeast Asian nation had demanded earlier. Investigators in Malaysia and the ...
Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a US$1.45 billion IPO - Hong Kong's second-largest this year - in an unusually brutal shuffling of banks' roles on a big deal.
SINGAPORE: Southeast Asian online realtor PropertyGuru announced on Wednesday (Oct 23) that it has decided not to proceed with its proposed initial public offering (IPO) on the Australian Securities Exchange (ASX). Its IPO would have raised about A$380.2 million (S$355 million). In a media ...
JAKARTA: Indonesian President Joko Widodo on Wednesday (Oct 23) named 35-year-old Nadiem Makarim, the co-founder and ex-chief executive of ride-hailing and payments firm Gojek, as education and culture minister. Gojek said on Monday its president Andre Soelistyo and other co-founder Kevin Aluwi ...
Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s baby powder, the company’s chief executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe.
