BEIJING: Shares in three large Chinese banks fell on Tuesday (Jun 25) after a media report said a US judge had found the banks in contempt for refusing to comply with subpoenas related to a North Korean sanctions violations case. The ruling could prompt the US to bar one...
MOSCOW: Russia's largest online taxi service Yandex.Taxi is likely to sell new shares in its planned initial public offering (IPO), an executive at its majority shareholder Yandex told Reuters. Russian internet company Yandex and U.S. group Uber Technologies Inc combined their taxi businesses ...
The Swiss National Bank's Thomas Moser, an alternate member of the governing board, said on Tuesday at an event in Switzerland that he is "relaxed" about Facebook Inc's Libra project, adding the company's white paper looked professionally done and its initiators had indicated they wanted to play by ......
BMW's new hybrid cars will automatically switch off their combustion engines in heavily polluted inner city areas and use pure electric driving mode as a way to cut vehicle emissions, the carmaker said on Tuesday.
Singaporean ride-hailing firm Grab has invested in London-based startup Splyt Technologies and extended a partnership between the two companies that will expand the reach of Grab's services beyond Southeast Asia.
JOHANNESBURG: South Africa's state-owned defence group will only pay employees 85 per cent of their salaries this month because of liquidity problems, a memo to staff seen by Reuters showed on Tuesday (Jun 25). The cut to wages highlights the severity of the financial crisis at Denel, which makes...
NEW YORK: American logistics giant FedEx sued the US government on Monday (Jun 24), saying Washington's restrictions on exports and imports due to growing trade disputes and sanctions created an "impossible burden" for delivery firms. The announcement of the lawsuit comes as Beijing and Washington ...
SpaceX launched its Falcon Heavy rocket on Tuesday from Kennedy Space Center in Florida, carrying 24 experimental satellites in what Elon Musk's rocket company called one of the most difficult launches it has attempted.
Carrefour boss Alexandre Bompard said he had no plans to exit other countries after the French supermarket retailer agreed to sell a majority stake in its Chinese operations to electronics retailer Suning.com.
U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months.
