Business

Indonesian flag carrier Garuda Indonesia (GIAA.JK) is developing a new hub in Bintan island, off Singapore, to augment its domestic network in one of the world's fastest-growing airline markets. Garuda is partnering Singapore-listed Gallant Venture Ltd (GLVT.SI) to build the...

Most Asian markets made guarded gains on Monday, encouraged that Wall Street was able to weather a seemingly disappointing U.S. jobs report, though there was more than enough event risk ahead to keep investors cautious. Crucially, the new head of...

Japan's Nissan Motor Co (7201.T) beat analyst estimates by reporting its steepest quarterly profit gain in three years as a weaker yen made its export business more profitable and as sales improved in China, its biggest market. Nissan, like compatriots...

Fiat Chrysler (FIA.MI) said on Monday that its Chrysler Group unit closed a deal to raise debt worth $5 billion to repay early an existing bond issued to healthcare trust VEBA. Fiat reiterated that the refinancing would reduce debt-servicing costs...

Toyota Motor Corp (7203.T) said on Monday it would stop making cars and engines in Australia by the end of 2017, marking the end of an era for a once-vibrant auto production base and the loss of thousands of...

Smarting from growing losses, Taiwanese phone maker HTC Corp says it will expand its range of cheaper products as it fixes off-target marketing for its premium smartphones. The company that has long prided itself as a purveyor of upscale, feature-loaded...

China's catering sector grew at its slowest pace in more than two decades in 2013 as diners avoided splashing out in luxury restaurants during an anti-corruption campaign targeting official excess, according to state media. Catering in China grew nine percent...

Nestle (NESN.VX), the world's biggest food company, is looking at ways to reduce its $30 billion stake in cosmetics firm L'Oreal (OREP.PA), Bloomberg reported on Saturday, citing sources with knowledge of the matter. Nestle has told L'Oreal of its intentions,...

Bank of Italy Governor Ignazio Visco on Saturday backed moves by some of the country's lenders to get rid of non performing loans on their books and suggested that "more ambitious" approaches could be considered. Italy's top two banks, Intesa...

By referring a complaint against the European Central Bank's bond-buying policy to the European Court of Justice, Germany's constitutional court has sidestepped a crucial dispute over who has ultimate authority in the European Union. The issue is highly sensitive at...