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USA’s General Electric sells Japan lending unit for $4.8 bn
16 Dec 2015 11:35 PM GMTUS 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 12:18 AM GMTAn 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 12:28 AM GMTToyota 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 12:09 AM GMTWealthy 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
27 Oct 2015 11:03 PM GMTBritain'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 12:46 AM GMTThe 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 12:10 AM GMTAlibaba 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 1:22 AM GMTThe 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 Sep 2015 5:15 PM GMTA 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 Sep 2015 2:06 AM GMTChinese 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 Sep 2015 12:32 AM GMTThe 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 Sep 2015 6:27 PM GMT<style type="text/css"> <!-- @page { margin: 2cm } P { margin-bottom: 0.21cm } --></style>Thrilled to win a point in the...