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USA’s General Electric sells Japan lending unit for $4.8 bn
17 Dec 2015 5:05 AM ISTUS industrial conglomerate General Electric Co is selling its Japan commercial lending business to Sumitomo Mitsui Finance and Leasing for about $4.8...
Convicted HK tycoon pays record $48.5 mn for diamond at auction
13 Nov 2015 5:48 AM ISTAn exceptionally large blue diamond has been sold for 48.6 million Swiss francs ($48.5 million) a record price for any jewel at auction, Sotheby’s...
Toyota forming artificial intelligence R&D firm in Silicon Valley
7 Nov 2015 5:58 AM ISTToyota is investing $1 billion in a research company it's setting up in Silicon Valley to develop artificial intelligence and robotics, underlining...
China economic woes fail to curb elite’s luxury shopping
30 Oct 2015 5:39 AM ISTWealthy Chinese remain the No 1 buyers of luxury products worldwide, appearing inured to economic turmoil at home as they zigzag the globe in search...
To cut discrimination, UK firms agree on ‘name blind’ hiring
28 Oct 2015 4:33 AM ISTBritain's civil service and several major companies have agreed to recruit university graduates and apprentices without knowing the applicants' names...
EU demands Starbucks, Fiat pay back millions in tax breaks
22 Oct 2015 6:16 AM ISTThe European Union is demanding that the United States coffee chain Starbucks and carmaker Fiat repay up to 30 million euros ($34 million) each in tax...
Alibaba ‘offers’ to buy rest of China’s Youku for $3.6 billion
17 Oct 2015 5:40 AM ISTAlibaba on Friday said it’s offering to buy up the rest of Chinese video streaming site Youku Tudou in a $3.6 billion deal signaling the e-commerce...
World’s top beer firm buys no 2 for $106 bn
14 Oct 2015 6:52 AM ISTThe world’s top two beer makers agreed on Tuesday to join forces to create a company that would control nearly a third of the global market and...
More resignations expected at Volkswagen
24 Sept 2015 10:45 PM ISTA member of Volkswagen's supervisory board today said that he expects further resignations at the German automaker in the wake of the scandal over...
China’s Sept manufacturing index plunges to over 6-year low
24 Sept 2015 7:36 AM ISTChinese manufacturing activity fell to its lowest in more than six years in the latest sign of the slowdown, according to a survey released on...
EU giant sets aside $7.3 billion to undo emissions scandal damage
23 Sept 2015 6:02 AM ISTThe crisis enveloping Volkswagen AG, escalated on Tuesday as the company issued a profit warning following a stunning admission that some 11 million...
Djokovic beats Federer for 2nd US Open title, 10th major
14 Sept 2015 11:57 PM IST<style type="text/css"> <!-- @page { margin: 2cm } P { margin-bottom: 0.21cm } --></style>Thrilled to win a point in the...