Concluding that the raising of the stakes of Wal-Mart in Chinese online supermarket Yihaodian would not impact the already competitive market, the Ministry of Commerce in China removed restrictions on Wal-Mart Stores Inc's deal in 2012 to raise its stake in online supermarket Yihaodian.  ...

Putting rumors of a spin-off of non-core assets in a "Baby Shell" initial public offering to bed, Shell's plans to sell off assets and pull out of up to ten countries are on track, announced the chief executive of the oil major. Shell said that it was taking action to deliver on lower costs,...

Wal-Mart Stores Inc executives flaunted the potential for boosting online sale that the company stands to gain from the technology investments in the world's No. 1 retailer is making, said the executives during the annual shareholder meeting very recently.   The US retailer's two-day...

A former senior finance manager has sued Oracle Corp on Wednesday against her alleged termination over her complains against irregularities in the company. The former senior finance manager has alleged in the suit that she was fired by the company because she had complained against the improper...

With the aim of raising $1 billion, for the first time Apple Inc plans to issue bonds in Taiwan, say media reports quoting several sources that are familiar with the matter.   Apple is among a number of huge global names who have in recent times sold billions of dollars on the island's busy...

At least $7.9 billion of shares of in Chinese e-commerce company Alibaba Group Holding Ltd in order to raise funds to reduce its debt would be sold out by Japanese telecommunications and internet firm Softbank Group Corp, the company announced.   Since Softbank began investing in the company...

The EU has charged Europe’s largest truckmakers of fixing prices and delaying the introduction of new emission technologies and the commission is all set to issue the biggest cartel fine in its history by punishing the truckmakers. The original charge was sheet against DAF, Daimler, Iveco,...

Citing reasons that a local regulator has issued an "urgent" directive halting drug sales via third-party platforms, Chinese e-commerce firm Alibaba Group Holding Ltd has told vendors on its Tmall website to stop selling medicine.   A circular from the Hebei province branch of the China Food...

Before starting Autohome Inc., China’s premier car-buying portal, Li Xiang was earning 10 times more than his parents from part-time jobs when he left school in 1999 to focus on a website.   After the success of the website, he now plans to design and build cars also.  ...

As Saudi oil giant Aramco acts as a "bridge" to a future when the nation relies less on energy exports, it is gaining market share and pushing for greater efficiency, said the chief executive of the company Amin Nasser in an interview.   The partial privatization via a stock market listing...

The US electrical giant General Electric Co has won a deal that could be worth an estimated $3.5 billion over a European consortium to supply engines for its homegrown KF-X fighter jet project for South Korea.   South Korea is in a process to develop its own fighter jets to reduce its heavy...