Tyson Foods Inc, the largest U.S. meat producer, said on Wednesday its chicken business has softened since early August, while its beef and pork businesses are doing well.
China's largest automaker SAIC Motor group (600104.SS) may take a passive stake in Saab Automobile [GM.UL] by teaming with luxury sportscar maker Koenigsegg, a source with knowledge of the situation said on Tuesday.
Hyundai Motor Co (005380.KS), South Korea's top automaker, and its China partner will start building their third plant in China early next year as its sales in the fastest growing major auto market may soon outpace existing capacity, an company executive said on Wednesday.
Asian stocks drifted lower after hitting a one-year high earlier on Wednesday and the dollar was stuck near a one-year low as investors, hopeful of an economic recovery, held back from moving more money into risky assets.
Asian stocks drifted lower after initially hitting a one-year high on Wednesday and the dollar hovered near a one-year low, with investors taking a breather from moving money into riskier assets in the hope that the global recovery is strengthening.
By selling an array of virtual products from avatar clothes to e-furniture, Asia's social networking sites appear to have solved the conundrum of how to leverage big profits from their extensive user bases.
South Korea demanded an apology from North Korea on Tuesday for its sudden release of water into a river flowing across their border that swept away six people, casting a pall over recently warming ties between the rivals.
Investors in Asia, who currently have few options among insurance stocks, may soon be spoiled for choice as several life underwriters prepare initial public offerings that could raise billions of dollars.
Asia's initial public offering market is booming as economies inch out of recession and equity markets improve, setting the scene for the region to emerge as the world's top spot for firms rushing to raise money.
Abu Dhabi's state-owned ATIC offered to buy Chartered Semiconductor for $1.8 billion, while major shareholders in Hynix began the sale of a $2.8 billion stake, kickstarting consolidation in a chip sector emerging from its worst ever downturn.
LG Electronics Inc, the world's second-biggest TV brand, expects LCD TV sales to jump nearly 50 percent next year as demand from emerging countries continues to grow robustly, a top executive said.
LG Electronics Inc , the world's second-biggest TV brand, expects its LCD TV sales to jump nearly 50 percent next year as demand from emerging countries continues robust growth, a top executive said.
Shares of memory chip developer Rambus Inc rose 8 percent on Friday on speculation that Samsung Electronics would buy the company, but Samsung said it had no such plans.
Global carmakers are lining up to make India, home of Tata Motors' (TAMO.BO) Nano, the world's cheapest car, a base for their export operations as they try to cut costs and move to compact, fuel-efficient vehicles.
North Korea said Friday that it was in the final stage of enriching uranium, a process that would give it a second path to making a nuclear weapon.
South Korea's largest car parts maker Hyundai Mobis Co (012330.KS) has won a $2 billion order from Chrysler for chassis modules to be used in two Chrysler car models, sending its shares up more than 7 percent.
Sony Ericsson, Alcatel Lucent SA and a private equity arm of JP Morgan are among the candidates shortlisted to buy Nortel Networks Corp's stake in LG-Nortel, media reported on Wednesday.
Asian shares pulled back on Wednesday after revived worries about the health of U.S. banks slammed Wall Street, even as upbeat Australian growth figures reassured investors on the economic recovery's staying power.
North Korea, facing tougher U.N. sanctions for its nuclear test in May and a series of missile launches, said on Tuesday it had sent a Foreign Ministry delegation to China, its biggest benefactor and only major ally.
Beijing frets that the global economic slump is exacerbating unemployment. So it is. But the main culprit for the lack of jobs is China's own development model.
South Korean private equity firm Vogo Fund is buying the 30.7 percent stake of two banks in a domestic card processing company for $156 million and is in talks with other banks to raise its holdings to more than 50 percent within this year.
South Korea's LG Electronics said on Sunday it would launch a 15-inch television set using organic display technology next month, the largest commercial model so far.
