Business

French cosmetics firm L'Oreal (OREP.PA) is buying 8 percent of its shares from Swiss food group Nestle (NESN.VX) for 6.5 billion euros ($9 billion), loosening their 40-year partnership and allowing both firms to boost earnings per share. However, Nestle said...

Airbus (AIR.PA) claimed bragging rights as the Asia-Pacific's dominant aircraft supplier on Tuesday, saying the region's fast growing economies and rising passenger demand will continue to drive demand over the next 20 years. The European planemaker said that in 2013,...

Barclays Plc (BARC.L) expects to axe up to 12,000 jobs this year to cut costs and counter falling income at its investment bank, where profits slumped last year. But it is also paying staff higher bonuses, risking a backlash from...

Indonesian flag carrier Garuda Indonesia (GIAA.JK) is developing a new hub in Bintan island, off Singapore, to augment its domestic network in one of the world's fastest-growing airline markets. Garuda is partnering Singapore-listed Gallant Venture Ltd (GLVT.SI) to build the...

Most Asian markets made guarded gains on Monday, encouraged that Wall Street was able to weather a seemingly disappointing U.S. jobs report, though there was more than enough event risk ahead to keep investors cautious. Crucially, the new head of...

Japan's Nissan Motor Co (7201.T) beat analyst estimates by reporting its steepest quarterly profit gain in three years as a weaker yen made its export business more profitable and as sales improved in China, its biggest market. Nissan, like compatriots...

Fiat Chrysler (FIA.MI) said on Monday that its Chrysler Group unit closed a deal to raise debt worth $5 billion to repay early an existing bond issued to healthcare trust VEBA. Fiat reiterated that the refinancing would reduce debt-servicing costs...

Toyota Motor Corp (7203.T) said on Monday it would stop making cars and engines in Australia by the end of 2017, marking the end of an era for a once-vibrant auto production base and the loss of thousands of...

Smarting from growing losses, Taiwanese phone maker HTC Corp says it will expand its range of cheaper products as it fixes off-target marketing for its premium smartphones. The company that has long prided itself as a purveyor of upscale, feature-loaded...

China's catering sector grew at its slowest pace in more than two decades in 2013 as diners avoided splashing out in luxury restaurants during an anti-corruption campaign targeting official excess, according to state media. Catering in China grew nine percent...