Corporate News

Indian IT company Infosys co-founder Nilekani rejoins as CEO

Aug 25, 2017

The India-based outsourcing and information technology giant Infosys has appointed Nandan Nilekani, one of company's co-founders, as its non-executive chairman

McDonald's to close 169 outlets in India in franchise battle

Aug 22, 2017

McDonald's India has announced it will close nearly 170 McDonald's outlets in northern and eastern India after the American fast food giant decided to terminate a franchise agreement with its Indian partner

Ford, Chinese partner look at possible electric car venture

Aug 22, 2017

Ford Motor Co. and a Chinese partner are looking into forming a possible joint venture to produce electric cars in China

China's Great Wall considers bid for Fiat Chrysler Jeep unit

Aug 21, 2017

Spokespeople for Chinese SUV maker Great Wall Motors say it is considering making a bid to buy Fiat Chrysler's Jeep unit, in a possible ambitious new step onto the global stage for China's fast-growing auto brands

China to limit overseas investments in real estate, sports

Aug 18, 2017

China is moving to curb domestic companies' investments abroad in property, sports, entertainment and other fields, after a series of high-profile, multibillion-dollar acquisitions

Indian IT company Infosys CEO Vishal Sikka resigns

Aug 18, 2017

Infosys CEO Vishal Sikka resigns following differences with company's founders

Hong Kong's Cathay posts $262M 1H loss on fierce competition

Aug 16, 2017

Hong Kong airline Cathay Pacific posts $262M loss as fierce competition takes its toll

Stocks gain as investors assess economic data, earnings

Aug 1, 2017

World stock markets advance as investors look to fresh round of earnings reports, economic data for signs the global economy is on track

Asian stocks climb as more economic, earnings data due

Aug 1, 2017

Asian stock markets advance as investors prepare for fresh round of earnings reports and economic data

HSBC reports higher profit, plans $2B more in share buybacks

Jul 31, 2017

HSBC plans to buy back another $2 billion in shares after reporting strong earnings for the latest quarter.

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