General Motors Co's vehicle sales in China dropped 5.3per cent between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world's biggest auto market.
GLOBAL corporate defaults have seen a "dramatic increase" as the economic crisis from the coronavirus pandemic dealt a body blow to companies around the world, Fitch Ratings said.
A Bollywood actor's face tattooed on his arm, Sandeep Bacche's devotion shocks few in India where stars enjoy semi-divine status. But even here the hallowed silver screen may be losing its shine to streaming services and pandemic fears.
Japanese automaker Nissan Motor said on Friday its sales in China grew 4.5per cent in June from a year earlier to 136,929 vehicles, as the world's biggest auto market recovered from its coronavirus low.
Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39per cent stake in its digital unit, Jio Platforms, for 18.95 billion rupees (US$253.55 million).
HSBC Holdings Plc said on Friday it would make new investments in its wealth management and insurance operations in mainland China.
Tencent Holdings, China's biggest social media and video game company, launched a new California-based studio this week, as it looks to further expand its presence overseas.
DBS and Schroder Investment Management Singapore (Schroders Singapore) on Friday announced the launch of a multi-asset fund for retirement income planning, named Schroder Asia More+.
Embattled coffee chain Luckin Coffee has decided against ousting its founder and chairman, despite an internal investigation concluding that last year's revenue included millions of dollars in fake sales.
Apple supplier Foxconn said on Friday customs clearing procedures in India have been resolved, as additional scrutiny by the country of imports from China disrupted operations in some foreign firms amid tensions between the Asian giants.
