Asia/Pacific
Alibaba bares plans to revolutionize China's retail industry with USD 490 billion marketplace
Alibaba planned to transform with the Chinese retail industry by increasing online transactions to almost USD 490 billion.
Yen gains over peers as US debt default looms
The Japanese Yen had increased versus all its major peers as no progress was seen between US President Barack Obama and the House Republicans to end the US shutdown.
Huawei: No large acquisition plans
According to German paper Welt am Sonntag, Deputy Chairman Guo Ping of Huawei said that the telecoms network does not intend to engage in any takeover plans.
Japan studies private sector management of foreign exchange funds
Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
Latest News
According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.
Because of the failure to maintain good manufacturing standards, the UK regulatory authorities have withdrawn Wockhardt's certification of good standing.
Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.
China had formally protested bilateral ties between the European Union and Taiwan. Beijing raised objections to the actions done by the European Parliament to build closer trade ties with Taiwan.
The US is the next frontier for ZTE, as it partners with the NBA's Houston Rockets. The third largest smartphone seller in China, ZTE Corp, had laid out plan to become the one of the top three handset companies in the the next three years.
Differing opinions met the new guidelines on Indian mergers and acquisitions in the telecommunications industry.
Jitendra Bhargava details the corruption and the mismanagement that led to the collapse of Air India.
State-backed China National Offshore Oil Corp might have overpaid for the acquisition of Canada-based Nexen Inc, according to a Reuters special report.
Last Tuesday, Japanese Finance Minister Taro Aso urged the United States to settle its budget issues for Japan to be spared from fiscal trouble, reported Reuters.
Chinese carmaker and France to contribute EUR1.5 billion individually for the expansion of Peugeot in Europe and in Asia.