International Business

International Business

Brexit turmoil drives UK towards recession

Britain's economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed Friday, placing the country on the verge...

Malaysia charges current, ex-Goldman executives over 1MDB scandal

Malaysia filed criminal charges Friday against 17 current and former executives of three Goldman Sachs subsidiaries, piling further pressure on the Wall Street titan...

UK’s HKS Retail Sold To Multinational Group

ONE OF Britain’s leading Asian-owned businesses has been sold to an international petroleum products retailer and energy company, Prax, for an undisclosed amount. Leicester-based HKS...

AB InBev sells Australian assets including Foster’s

The world's leading brewer Anheuser-Busch InBev said Friday it is selling its assets in Australia - including the Foster's beer brand - to pay...

China vows to strike back at US tariffs threat

The trade war between the United States and China escalated on Friday as Beijing threatened to unleash "countermeasures" against US plans to impose tariffs...

Indian-American Dhivya Suryadevara, Named GMs Financial Head

General Motors Co said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on Sept. 1 as Chief Financial...

Hinduja wants to build China-India-UK partnership 

India and China can become the strongest partners in the world and the leaders of the two countries can together face US President Donald...

Tata Steel to continue exploring mergers in Europe despite Thyssenkrupp setback

Tata Steel has not given up on its plans of merging its business in Europe, a top company official said while terming the European...

EU settles on Bulgaria’s Georgieva to lead IMF

European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks...

S.Africa court halts Zambia plan to sell Vedanta assets

A South African court Tuesday granted Vedanta Resources an order blocking the liquidation of its Zambian-based Konkola Copper Mines (KCM) company amid a growing...