Geely-owned Volvo Car Group said on Sunday it had begun production of its best-selling XC60 crossover at its plant in Chengdu, taking a further step toward supplying locally-produced cars in China as well as opening the door to overseas exports.
Sectors
Entrepreneur, 13, gets Intel funding for low-cost Braille printer
If Shubham Banerjee cannot lay claim to being the world's youngest venture capital-backed entrepreneur, he comes very close. Banerjee was 12 years old when he closed an early-stage funding round with Intel Capital, the company's venture capital arm, last month for his prototype for a low-cost Braille printer.
Japanese lessor SMBC Aviation Capital buys 80 Boeing 737 Max planes
Japan's SMBC Aviation Capital has bought 80 Boeing Co (BA.N) 737 Max planes, the largest order from an aircraft lessor for the upgraded variant of the narrow-body jet.
Samsung Electronics to build $3 billion smartphone plant in Vietnam
South Korea's Samsung Electronics Co Ltd (005930.KS) has applied for a license to invest $3 billion in building a second smartphone factory in northern Vietnam, a government official said on Monday.
Panasonic CEO says considering white goods M&A in Europe
Japanese electronics conglomerate Panasonic Corp is considering M&A deals as a way to bolster its position in the European white goods market, its chief executive said on Monday.
Latest News
The Bank of Japan Governor not only surprised the markets with his latest splurge of monetary easing. He sprang it on his own board members just two days earlier, jolted into action to stop them making a low-ball forecast that might have sunk his flagship inflation target.
India will push ahead with reform to a land purchase law blamed by business for slowing industrial projects, even if there is resistance to loosening the rules, Finance Minister Arun Jaitley said on Sunday.
BlackBerry, which has completed the first phase of its two-year turnaround plan, is now focused on profitability and will not spread itself thin by attempting to launch too many new devices, its chief executive said.
Estee Lauder Cos Inc (EL.N) bought French luxury perfume brand Editions de Parfums Frédéric Malle, its third acquisition in less than a month as the company looks to boost its portfolio of high-end luxury perfumes and skin care brands.
The risks faced by China's economy are not that scary and the government is confident it can head off the dangers, President Xi Jinping told global business leaders on Sunday to dispel worries about the world's second-largest economy.
One of the most powerful men in the Olympic movement has urged the United States to push ahead with its plans to bid for the 2024 Summer Olympics, saying it is the "right time".
U.S. fast food chain Burger King Worldwide (BKW.N) will open about 12 outlets in India over the next 60-90 days, Rajeev Varman, chief executive of the hamburger chain's India unit said on Saturday.
A solar eclipse in March next year will be an unprecedented test of European electricity grids because of the massive increase in solar power production on the continent, French power grid RTE said on Friday.
Australia said on Saturday it was pleased with progress on a long-planned free trade agreement with China and that it would be happy to conclude it by next week when Chinese President Xi Jinping visits.
