Hitachi Ltd. and Honda Motor Co. are changing the ownership of their automotive component joint venture Hitachi Astemo Ltd., taking a 40% stake each and bringing in JIC Capital Ltd., which will own the rest of the parts supplier.
Atul and Rajesh Gupta, who are wanted by South African authorities on charges of money laundering and fraud, applied for asylum in two other nations on the continent, Africa Intelligence reported, without citing anyone.
China’s businesses have had little but stick for almost three years. The Communist Party is finally using the carrot, loosening the screws on the private sector as authorities seek to strengthen the nation’s technological might, attract inflows and drive economic growth.
Auction house Sotheby’s is selling a set of six individual Air Jordan sneakers, with appraisers forecasting that the collection will break records.
India is turning more optimistic about achieving a consensus from Group of 20 nations on the language used to describe Russia’s war in Ukraine, according to a person familiar with the matter.
European Central Bank Governing Council member Martins Kazaks said borrowing costs will still need to rise to battle high consumer price growth.
Malaysia’s highest court rejected Najib Razak’s application to review his conviction related to the multibillion-dollar 1MDB scandal, in a fresh blow to the jailed former prime minister.
China’s economic recovery gathered pace in March, with gauges for manufacturing, services and construction activity remaining strong, boosting the outlook for growth this year.
Ford Motor Co. will take a direct stake in a battery-nickel plant under construction in Indonesia, deepening its role in the supply chain as carmakers try to secure materials for electric vehicles.
Alibaba Group Holding Ltd. and JD.com Inc. have begun preparations for a trio of the year’s biggest Chinese debuts, heralding a wave of initial public offerings that promise to breathe new life into the struggling technology industry and Hong Kong’s stock market.
