CHINA

Chinese automaker Great Wall Motor Co Ltd will begin trial sales of its pure electric cars in the country next year, its chairman said on Thursday, tapping growing demand for clean energy vehicles.

German luxury car maker BMW said on Thursday it had received approval to set up an auto financing unit in China, becoming the latest foreign automaker to tap the country's fledgling but potentially lucrative auto financing business.

If there is one single benefit to the US due to the recession, it is that more people are studying in colleges than ever.

Global demand is increasingly shifting to emerging economies, and American firms, especially small businesses, should adjust to this new reality.

Analysts generally think BOJ's intervention was well executed and will perhaps work in the short-run. The long-term effectiveness, however, is uncertain.

Ford Motor Co expects its sales in China to outpace growth in Chinese car market this year as it expands its dealer network, the company's local sales chief said on Wednesday.

Foreign Direct Investment (FDI) in China spiked up for 13th straight month in August, despite complaints from the US and European companies over alleged unfair business environment and the Chinese government's favors for domestic firms.

Carmakers Daimler, Renault and Nissan are redoubling their electric cars effort in the race for market share in a world of tighter emission rules.

Zhejiang Geely Holding Group, which last month completed its purchase of Volvo from Ford Motor Co, may build as many as three plants in China to make the Swedish brand, a Geely spokesman said on Tuesday.

Strengthening dealer networks, successfully launching a redesigned Jetta, and boosting used-car sales are top priorities for Volkswagen America Inc under Jonathan Browning, the unit's new chief executive.

World's leading hotel group Hilton Hotels & Resorts has been named as the top hotel brand in Asia for the year 2010 for the second consecutive year by global research company Taylor Nelson Sofres (TNS), in conjunction with one of the region's leading media, marketing and advertising publications, Media. This is the second consecutive year Hilton clinched the title since the study's Travel & Leisu...

Starwood Hotels & Resorts Worldwide, Inc. launched Shine for Sheraton, a global spa concept designed exclusively for Sheraton Hotels & Resorts.

Every time there is a pandemic anywhere, new theories start doing the rounds. One debate that has been going on from the time Dr Alexander Fleming invented Penicillin is whether introducing artificial chemicals into the body really cures the system or simply provides instant gratification. While modern medicines have made tremendous advances, there is still a significant proportion of the populat....

To some degree, Japan allowed deflation, or at least they did not choose extremely aggressive policies to fight it. This is largely due to the influence of Japanese constituents who own fixed income, which would devalue in the face of inflation.

Now a new generation of drivers is set to embark on a similar kind of experiment. Until recently, most electric vehicles, or EVs as they are often known, have had a range of just a few dozen miles, limiting their usefulness and appeal.

Automakers in China shipped 18.7 percent more passenger cars to dealers in August from a year ago, official data showed, lagging a nearly 60 percent annual jump in retail car sales, reflecting an apparent drawdown in dealers' showroom inventories.

BMW surpassed August's global sales volumes for its core brand not just versus last year's month but for those of 2007 and 2008 as well, underlining the strength of the recovery in the premium car market.

The luxury market which has so far been dominated by the West is facing stiff competition from China. Top global luxury brands like Burberry and Coach are trying to affirm supremacy in market by pouring funds in multi-billion dollars and function on their own instead of running on a franchise basis.

Johnson & Johnson has pledged grant money, drugs and research funding for new HIV and tuberculosis medications as part of a five-year, private sector effort to improve the health up to 120 million women and children in developing nations each year.

China will have an aging population problem comparable to that of Japan and Western Europe in 30 years or so with perhaps important implications for elderly care and manufacturing.

Nissan Motor Co and its Chinese partner Dongfeng Motor Group unveiled on Wednesday a new brand for their local passenger car venture, saying the first model would be introduced in 2012.