To produce liquid-crystal displays (LCDs), a 61 billion yuan ($8.8 billion) factory in China is being planned to be built by a joint venture between Hon Hai Precision Industry Co, known as Foxconn, and Sharp Corp.   Sakai Display Products Corp said at a signing event with local officials in...

After being officially established and rebranded recently, according to one of the venture's investors as reported in the media, a Chinese online bank backed by smartphones and home appliances maker Xiaomi Inc  is set to launch its services soon.   Shareholders and regulators had...

As the Japanese conglomerate Toshiba Corp grapples to plug a potential multi-billion dollar hole, a looming writedown at the company has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday.   Toshiba said late on Tuesday that it could face...

For what the South Korea's antitrust regulator called unfair business practices in patent licensing and modem chip sales, the regulator fined Qualcomm Inc 1.03 trillion won ($854 million). The U.S. chipmaker said it will challenge the decision court.   At a time when the business is facing...

Analysts have warned that the Deutsche Bank needs more money and the right people on board even though shares in the bank were soaring on the news of a $7.2 billion settlement with the U.S. Department of Justice on the mis-selling of mortgage-backed securities during the global financial crisis....

Amazon.com Inc has leased 40 jets to meet the delivery demands from the retail giant's customers.   However valued business from FedEx Corp and United Parcel Service Inc. are being taken away from them by the company as the Prime Air planes are flying nearly full with lightweight loads, as...

In order to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion. With this the two banks have put behind them a major dispute – one that had weighed on their shares and raised...

To match production and demand, Ford Motor Co will close its Kansas City, Missouri pickup truck and van plant for a week in early January, the automaker said.   F-150 pickup trucks and Ford Transit vans are made at the plant. A couple of months ago, Ford also closed the Kansas City plant for...

As Volkswagen AG took new steps to put its emissions cheating scandal behind it, the German automaker has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States.   Volkswagen has now agreed to spend as much as $17.5 billion in...

As the European Union issued details of its ruling that Apple Inc. maker won sweetheart tax deals from the Irish government which amounted to illegal subsidies, the iPhone maker appealed on Monday against a $14-billion tax demand.   Underlining its anger with the European Commission, which...

The decades-old system of providing cradle-to-grave welfare support, known as the country's "iron rice bowl", system started by the Chinese government has been ordered to be smashed specifically with respect to the state firms.   But the decades-old system of providing cradle-to-grave...