According to a Bloomberg Law report on Thursday, Chinese officials had ordered China Evergrande Group to prevent a near-term default on its dollar notes. The property developer is set to make a much-anticipated interest payment on its overseas debt on Thursday.   In a recent discussion with...

The world's biggest chipmaker, Samsung Electronics Co., will produce Tesla Inc.'s next-generation hardware 4 (HW 4.0) chip for the company's fully autonomous driving technology.   Samsung is expected to win the deal over larger foundry competitor Taiwan Semiconductor Manufacturing Co....

FedEx Corp., a United States based delivery company, reported a 7 per cent drop in its quarterly profits and lowered its full-year outlook on Tuesday. This was after labour shortages crimped earnings and drove up costs ahead the crucial holiday peak season.   After FedEx announced that...

On Tuesday, hundreds of workers from a Ford Motor Co. factory in Gujarat state in the West of India sat on the protest at the plant, demanding that the factory's closing plan be abandoned and that workers are given other jobs.   Clad in blue uniforms, the workers protested outside Ford's...

The Indian government could open up the initial public offering of state-owned Life Insurance Corporation to foreign institutional investors and allow them to purchase up to 20 per cent of the shares of the company, said reports quoting government sources.   India's largest ever initial...

China Evergrande Group's main unit said Wednesday that it had reached a settlement with bondholders in order to settle interest payments on a domestic debt. This helped to calm fears of a default that could cause financial chaos worldwide.   China's central bank also injected 90 billion yuan...

The price of its initial public offering in the United States that will be offered by Freshworks, a business software company, will be well above the range that would be required to raise a fund of $1.93 billion, the company has said.   Freshworks, a direct rival of Salesforce, will be...

The dangers of China Evergrande Group defaulting on its pile of debts posed a potential threat over apprehensive business sectors on Tuesday, as investors searched for indications of mediation by Beijing to stem any likely cascading type of influence across the global economy.   Experts...

Video streaming service Netflix is aiming to spark growth in the key African market of Kenya by offering customers a free mobile plan that would allow them to see about o a quarter of the company’s TV shows and movies in the country.  The strategy was launched in the country form Monday, the...

The planned electric Prologue sport utility vehicle from Honda Motor Co, which the company plans to launch for the United States market, is expected to be the corner stone for the US business unit of the company as it targets to achieve initial annual sales of 70,000 units after the vehicles are...

Royal Dutch Shell wants to encourage airlines around the world to reduce greenhouse gas emissions and plans to start producing low-carbon jet fuel at a commercial scale by 2025.   The lack of alternative technologies to jet fueled-engines has made the aviation sector to be one of the...