Walmart opens first high-tech small-sized supermarket in China
BEIJING (Reuters) – Walmart Inc said on Monday it has opened its first small-sized high-tech supermarket in China, which will stock products that customers will also be able buy on the U.S. retailer’s store on Chinese online marketplace JD.com.
Shares in assets of Russia’s Summa group fall after billionaire owner detained
MOSCOW (Reuters) – Shares in Russian transport companies that are part-owned by Summa Group fell on Monday after its billionaire owner Ziyavudin Magomedov was detained on embezzlement charges.
Philippines, Malaysia put Uber-Grab deal under anti-competition scrutiny
MANILA/KUALA LUMPUR (Reuters) – Philippines and Malaysia said on Monday they will look into whether Uber Technologies’ [UBER.UL] move to sell its Southeast Asian business to ride-hailing rival Grab hinders competition, days after Singapore began a prob…
Ukraine’s Privatbank files $3 billion lawsuit against PwC subsidiaries
KIEV (Reuters) – Ukraine’s largest bank, PrivatBank, said on Monday it had filed a $3 billion lawsuit against the Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches during audits of the lender in 2013-2015.
GM Korea’s March sales dive; seeks to halt one shift at Bupyeong plant
SEOUL (Reuters) – General Motors Co’s South Korean unit has proposed suspending one of two shifts at a plant near Seoul, an internal union newsletter seen by Reuters showed, increasing uncertainty about the fate of the factory as the U.S. automaker gra…
Audi aims to double China sales over six years: executive to paper
FRANKFURT (Reuters) – Volkswagen’s premium brand Audi aims to double sales in China over the coming six years, sales chief Bram Schot told Automobilwoche.
Malaysia puts Grab on anti-competition watchlist after Uber stake buy
KUALA LUMPUR (Reuters) – Malaysia said on Monday that it will monitor ride-hailing firm Grab for possible anti-competitive behavior, after rival Uber Technologies Inc offloaded its Southeast Asian operations to the Singapore-based firm.
GM Korea’s March domestic sales slump 58 percent as restructuring weighs
SEOUL (Reuters) – General Motors’ (GM) South Korean unit said on Monday its domestic sales for March more than halved from a year earlier, deepening a slide in the aftermath of the U.S. automaker’s planned restructuring of operations in the country.
Indonesia says Go-Jek, Grab need to register as transport businesses
JAKARTA (Reuters) – Ride-hailing companies Go-Jek and Grab must register in Indonesia as transport companies within two months to ensure they meet safety requirements as a public transport provider, Indonesia’s transport minister said on Monday.
China hammers U.S. goods with tariffs as ‘sparks’ of trade war fly
BEIJING (Reuters) – China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest economies in response to U.S. duties on imports of aluminum…
