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MANILA: Ayala Corp is looking to hitch a ride on Go-Jek’s South-East Asia expansion with a possible investment in the ride-hailing company’s Philippine venture as it takes on regional giant Grab.
San Francisco: Elon Musk said Sunday that Tesla would unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning US federal tax credits threaten the company’s growth narrative.
MANILA: Ayala Corp. is looking to hitch a ride on Go-Jek’s Southeast Asia expansion with a possible investment in the ride-hailing company’s Philippine venture as it takes on regional giant Grab.
NEW DELHI: India has sacked two senior executives of state-run Punjab National Bank (PNB) for allegedly failing to prevent a US$2 billion fraud, two sources with direct knowledge of the matter said on Sunday, nearly a year after the country's biggest bank scam came to light.
BEIJING/SHANGHAI: The Chinese city of Heze has reversed a rule designed to curb real estate flipping, boosting shares in property developers on Wednesday and sparking speculation that more cities could follow suit as slowing sales weigh on the economy.
LONDON: Huawei's relations with British authorities hit a low last month when a top official walked out of a meeting with the Chinese company over its perceived failure to fix security holes in its products, sources familiar with the talks told Reuters.
HONG KONG: Canada’s Sun Life Financial Inc is among suitors vying to acquire FTLife Insurance Co, in a deal that could value the Hong Kong insurer at more than US$3bil, sources said.