Toyota Motor aims to double sales in China to 2 mn vehicles in future

BEIJING: Toyota Motor Corp plans to make and sell hybrid versions of its Corolla and Levin sedans in China next year, fitting them with locally-made components, in its first bid to entirely manufacture gas-electric hybrids outside Japan.

Weibo shares pop 19% in IPO

Weibo shares rallied on the first day of trading Thursday, in what could be a positive sign for other Chinese technology companies hoping to list on the U.S. market.

RBS cleared of forcing clients into insolvency to buy up assets

Royal Bank of Scotland has been cleared of deliberately engineering the collapse of some of its business customers, but has decided to sell off the £3.2bn commercial property portfolio at the centre of the row.

GlaxoSmithKline says it is investigating bribery claims in Jordan and Lebanon

GlaxoSmithKline, the UK's largest drug firm, is investigating claims that its staff in Jordan and Lebanon have bribed doctors.

GM asks bankruptcy judge for special protection to head off lawsuits

General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.

Google buys solar-powered drone maker Titan Aerospace

Internet search giant Google has bought US high-altitude drone maker Titan Aerospace for an undisclosed sum.

Peugeot Citroen outlines recovery plan

Struggling French carmaker PSA Peugeot Citroen has announced a major recovery plan after recording net losses of 7.2bn euros ($10bn; £5.9bn) over the past two years.