BYD Co Ltd is in the midst of a comeback thanks to a jump in sales of its gasoline-fueled cars. BYD Co Ltd, the company best known for electric cars, is in the process of a comeback with the help of traditional gasoline-fueled vehicles.
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Japan to use public funds to help Tepco with contaminated water from Fukushima nuclear plant
The Japanese government said it would use public funds to deal with the radioactive water emanating from the Fukushima nuclear plant as Tepco appeared overwhelmed by the problem.
OMV to purchase 40% stake in Madagascar's Niko Resources
Austrian oil firm OMV announced that it had agreed to buy a 40% stake in an offshore exploration block in Madagascar from Niko Resources.
Central Bank of Malaysia says no to sukuk issuance proposal for Bank Islam acquisition
The Central Bank of Malaysia said no to the proposal of BIMB Holdings to issue Islamic bonds to fund its purchase of Bank Islam.
Turbomeca buys Rolls-Royce's helicopter engine program stake for EUR293 million
Rolls-Royce had sold its 50% stake in the RTM322 helicopter engine program to its program partner Turbomeca by Safran for EUR239 million or USD386 million.
Latest News
Ex-Morgan Stanley Hajime Kitano was hired as an equity strategist at Barclays Securities Japan Ltd. Barclays Securities Japan Ltd. Kazutoshi Ohkubo told Reuters in a phone interview that former Morgan Stanley Japan equity strategist Hajime Kitano would join the UK bank in Tokyo today.
Indofood Sukses Makmur Tbk PT has been considering a hostile takeover of Singapore-listed China Minzhong Food Corp Ltd after a short-seller attack decreased the Chinese food producer's market value.
Two of Everbright Securities senior executives resigned after severe penalties amounting to were imposed on the company for allegations of insider trading and other illegal activities.
Etihad plans to invest USD600 million in Jet Airways after approval from Indian authorities. Etihad extended the regulatory clearance deadline of its USD600 million deal with Jet Airways.
According to two sources who were familiar with the decision, Verizon Communications and Vodafone Group would be announcing a finalization of the USD130 billion exit deal, which would be financed in cash, stock and bank financing.
Hankook Tire Co Ltd stepped up by striking a deal with luxury car maker Daimler AG to supply tires for its new Mercedes-Benz S-Class and E-Class sedans.
The oil consortium led by Essar oil is questioning a planned move to rescind an award over oil fields made seventeen years ago.
The mining industry would suffer further degrowth without changes in policy and structure. Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.
The Saudi Arabian government has cut down the number of pilgrims allowed to Mecca by requiring bonds for ferrying airlines because of ongoing expansion and construction at Islam's holiest mosque.
