Toyota's first quarter profit rises 10%

Japanese carmaker Toyota has reported a 10% increase in profits for the first quarter of its fiscal year, helped by the weak yen and cost cuts.

Volkswagen to launch budget car family in 2018: CEO in paper

FRANKFURT (Reuters) - Germany's Volkswagen plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday.

Cisco CEO: It's 'garbage' to think Facebook's and VMware's network projects will hurt Cisco

Flying high after reporting a better-than-expected quarter, Cisco's outgoing CEO John Chambers had some strong words for the upstarts hoping to take on his company.

BMW's China dealers say company agrees to pay $820 million subsidy

(Reuters) - BMW (BMWG.DE) will pay 5.1 billion yuan ($820 million) to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.

Malaysia Airlines Apologizes for Tweet, Posts Loss

Malaysia Airlines on Friday said its loss widened last quarter and apologized for a promotional tweet slammed as insensitive after two deadly passenger jet disasters this year.

Twitter opening office in HK despite China ban

Social media giant Twitter has said it will open an office in Hong Kong in the first quarter of 2015. The messaging service has been banned from operating in China since 2009 over fears that it could be used to organise protests against the government.

ASOS sets £2.5 billion sales target despite fall in profits

The boss and founder of ASOS was defiant in the face of a 14 per cent fall in profit as he set an ambitious target for £2.5 billion in sales.

iPhone 6 and budget rivals hit Samsung profits

Profits at Samsung, the world’s biggest smartphone maker, collapsed in the third quarter as cheap Chinese brands ate into its share of the budget market and Apple’s iPhone sliced away at the top.

China Targeting Foreign Companies, American Chamber Says

China is targeting foreign companies with opaque laws and rules, according to a group representing U.S. businesses there, contributing to a deteriorating environment for investment in the nation.

McDonald's halts nuggets sales in Hong Kong

Fast food chain McDonald's has suspended sale of chicken nuggets and some other products in Hong Kong. It said it had imported chicken and pork from Shanghai Husi Food, the Chinese firm that allegedly supplied out of date meat to fast food firms.

Yum, McDonald's apologize as new China food scandal hits

(Reuters) - Yum Brands Inc YUM.N and McDonald's Corp MCD.N are facing a new food safety scare in China, denting the fast-food companies' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.

GM to invest $12 bn in China and plans more plants

BEIJING: US car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it steps up its presence to compete with aggressive rivals in the world's largest auto market.

Wal-Mart Names China CEO to Head Asia as Regional Sales Slow

Wal-Mart Stores Inc. (WMT) named its top China executive to head its Asian operations amid store closures and sluggish sales in the region that have hampered the retailer’s attempts to counter slowing growth in the U.S.

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.

Asos chief defends investment strategy after profit slowdown

The chief executive of young fashion website ASOS defended his investment strategy and said it will allow the group to be truly global.

Airbus to supply 70 jets to China, worth more than $10bn

European aviation giant Airbus has signed a deal to supply 70 jets, worth more than $10bn (£6bn), to China's state-owned purchasing agency.

Cisco cleared in rights case, as tech sector watches

Washington (AFP) - A US court has cleared Cisco Systems over liability for human rights abuses in China, in a case closely watched by the global technology sector and activists.

China Smartphone Shipments Post First Quarterly Drop Since 2011

Smartphone shipments in China fell for the first quarter in more than two years in a sign that growth in the world’s biggest market may moderate, according to market researcher IDC.

Volvo CEO Hakan Samuelsson sees Europe demand "levelling out" this yea

STOCKHOLM: The head of Chinese-owned carmaker Volvo Car Group forecast flat demand for cars in Europe's struggling automotive sector as the region slowly pulls out of a deep downturn.

Customers to win big from GM-VW sales race

Volkswagen AG and General Motors are neck-and-neck for the number two spot in the global sales race. But it's U.S. car buyers who might come out ahead.