Volkswagen to open seven China factories
Volkswagen is planning to open seven more factories in China, chief executive Martin Winterkorn says.
Cathay Pacific profits fall 83%
Hong Kong-based Cathay Pacific has announced profits have fallen 83 percent amid higher fuel costs and a drop in demand for corporate travel.
India’s GVK in Australian coal deal
India’s GVK has joined forces with Aurizon, Australia’s largest rail freight company, to build the infrastructure needed for the development of the Galilee Basin in central Queensland.
Japan in energy breakthrough
Resource-starved Japan has extracted methane hydrate – better known as “fire ice” – from its seabed in what has been described as an energy breakthrough.
Former Sony CEO to retire in June
Howard Stringer, Sony board chairman, who served as president and CEO from 2005 to 2012, is to retire, he announced.
India car sales fall 26%
Car sales in India's passenger market fell by nearly 26 percent last month on an annual basis, industry figures show.
North Korea cancels non-aggression pact with South
North Korea is scrapping all non-aggression pacts with South Korea, closing its hotline with Seoul and shutting the shared border point.
Arsenal to play friendly in Vietnam
Arsenal will become the first Premier League club to play in Vietnam during their pre-season tour to Asia this summer.
