AFP, SHANGHAI:  US auto giant General Motors (GM) will recall more than two million vehicles produced through a joint venture in China because of an engine component flaw, the firm and officials said. The venture between GM and Shanghai-based SAIC will recall 2.16 million Buick and Chevrolet branded…

Coal India intends to export coal and is in talks with power companies in Bangladesh for striking supply deals. This is for the first time CIL would be…

AFP, TOKYO:  Speculation mounted in Japan Friday that Tokyo may delay an upcoming sales tax hike, after Prime Minister Shinzo Abe said the global economy faces a looming “crisis” similar to that in 2008. Tokyo is scheduled to raise the sales tax from eight to 10 per cent in April 2017…

AFP, TOKYO:  The yen ticked up in thin trading against the dollar and euro Friday after the G7 reaffirmed previous commitments not to intervene in foreign exchange markets. Wrapping up their meeting in rural Japan, the leaders of the Group of Seven agreed to consult closely with each other with…

AFP, NEW YORK:  A two-day global stocks rally showed signs of fatigue Thursday as oil prices briefly breached $50 a barrel before pulling back. Bourses…

AFP, LONDON:  China’s government has launched a renminbi-denominated sovereign bond in London, the first of its kind outside of the world’s…

AFP, DAQING: Once the pride of Communist rulers and now hit by a global glut and slowing domestic growth, China’s largest oilfield epitomises Beijing’s…

AFP, THE HAGUE:  Investors happily switched into Philips’s lighting division shares at their Amsterdam debut yesterday, over a century after the Dutch electronics giant sold its first light bulb. Strong demand ensured that shares in the highly-anticipated listing of a quarter of the lighting…