Markets

SYDNEY: Hong Kong carrier Cathay Pacific Airways plans to cut capacity by 1.4 per cent next year, reversing an earlier plan for a boost of 3.1 per ccent because of a challenging business outlook, an internal memo seen by Reuters showed. The plan comes after the company this month cut its...

BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce BMW's electric MINI brand and Great Wall Motor models.

Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance in a bid to boost operational efficiency.

British online grocer Ocado has signed a technology partnership with Japan's Aeon to help the retailer establish an online business, its first deal in Asia.

Huawei Technologies has decided to challenge a U.S. Federal Communications Commission (FCC) decision barring U.S. rural carrier customers from tapping an US$8.5 billion government fund to purchase equipment from the Chinese company, Wall Street Journal reported on Thursday.

Mexico's state-run oil company Pemex has been fighting for almost a year in court to suspend a rule issued by the previous government, requiring the nationwide sale of clean diesel to start this year, court documents seen by Reuters show.

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.

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...