China's Huawei Technologies Co Ltd, the world's biggest telecommunications equipment maker, on Wednesday became the latest tech giant to present its own take on the 'Internet of Things' (IoT), centered on an operating system designed to allow household and business appliances to communicate with each other online.
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Japan unveils $110 billion plan to fund Asia infrastructure, eye on AIIB
Japan unveiled a plan on Thursday to provide $110 billion in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as encroaching on the regional financial clout of Tokyo and its ally Washington.
Copying Alibaba, India e-tailers woo small sellers for growth
Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers.
AirAsia loyalty program in stake sale talks: sources
Malaysian airline AirAsia Bhd's (AIRA.KL) loyalty program is in talks with private equity investors about selling a minority stake, which could value the business at about $330 million, people familiar with the matter told Reuters.
Oil rises on U.S. crude drawdown but oversupply still weighs
Oil prices rebounded on Wednesday, with U.S. crude snapping a five-day decline, after another weekly inventory draw but gains were still limited by a huge supply overhang and concerns about a stronger dollar.
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Crude oil prices bounced back on Wednesday from steep falls in the previous session as industry data showed that U.S. crude stocks fell more than expected last week.
Japanese air bag manufacturer Takata Corp is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday.
Founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) will hold a three-day meeting in Singapore this week to discuss operational policies for the establishment of the institution.
Shares in Yahoo Inc (YHOO.O) fell 7.6 percent on Tuesday, as the stock sold off dramatically in the last 20 minutes of the trading day on worries that a potential change in U.S. tax regulations would affect Yahoo's expected spinoff of its stake in Alibaba Group Holding Ltd (BABA.N).
The United States was on track to expand 0.7 percent in the second quarter after data showed domestic housing starts surged to their strongest level in about 7-1/2 years in April, Atlanta Fed's GDPnow forecast model showed on Tuesday.
The Federal Reserve’s plan to raise interest rates this year, forged over months of strong jobs growth and a seemingly durable expansion, now faces an economy that no longer follows the script and may push the “liftoff” far into the future.
International automakers are slashing prices for vehicles they sell in China in response to a slowdown in demand that threatens the industry's rich profit margins.
Russia avoided further diplomatic confrontation with Ukraine and the European Union at three-way trade talks on Monday and did not renew previous demands for Kiev's duty-free deal with the bloc to be put on hold.
Brent crude oil fell below $66 a barrel on Tuesday as the dollar strengthened and on evidence of ample supplies of Middle Eastern oil despite wars in northern Iraq, Syria and Yemen.
