The Chinese yuan faced its biggest loss in a month when the central bank pushed back its reference rate of the currency and the dollar surged. The onshore exchange rate went down to 6.7764 per dollar, down 0.33 percent by 6:14 p.m. in local...

With the increasing demand for sport utility vehicle models XR-V and Vezel in China, Honda Motor Co. increased its full-year profit forecast by 6 percent. The company has seen a significant rise in sales of the said sport utility vehicles and...

Yum China will be listed on the New York Stock Exchange from November 1st. Yum Brands Inc., owner of food brands KFC and Pizza Hut, will be selling $460 million worth of shares to Chinese investment firm Primavera Capital and an affiliate of...

AstraZeneca did not admit or deny the allegations. AstraZeneca is required by U.S. regulators to pay $5.52 million to resolve an issue regarding a foreign bribery case into improper payments by its sales and marketing staff to state-employed...

Beijing has come under fire for acting slowly to resolve the nation’s issues. The International Monetary Fund (IMF) on Friday said the People’s Republic of China (PROC) must reduce its dependence on credit-stimulated investments and focus...

GM has shifted towards functional models to give itself a competitive edge. US-based car manufacturer General Motors is optimistic that the automobile industry in China is on its way to recovery and anticipates the market will increase from...

Analysts have identified Hong Kong, Vietnam, Malaysia and Singapore to be the most vulnerable countries to a U.K. trade slowdown. Total exports during June in Hong Kong dropped for the 14th continuous month caused partly by a slowdown in China...

The IMF’s First Deputy Managing Director, David Lipton made a spoke at Washington DC on Tuesday. The IMF warned on Tuesday the world currently faces an increasing “risk of economic derailment” and requires urgent action to improve...

The company has put the downgrade down to the predication that China will continue to see declines in areas such as fiscal strength and in its foreign exchange reserves. Moody’s, the bond credit rating investor service, on Wednesday has...