Asia Business

US lifts sanctions on prominent Burmese businessman

By Fri, Apr 24, 2015 9:41AM UTC

WASHINGTON (AP) — The Treasury has removed a prominent Burmese businessman from a blacklist that had barred him from doing business in the United States.

Toyota tops VW, GM in global vehicle sales

By Thu, Apr 23, 2015 6:13PM UTC

TOKYO (AP) — Toyota Motor Corp. is still at the top in global vehicle sales after the first quarter, selling 2.52 million vehicles around the world.

China fines Mercedes $57m in price-fixing probe

By Thu, Apr 23, 2015 6:07PM UTC

BEIJING (AP) — A Chinese regulator has fined Mercedes Benz 350 million yuan ($57 million) on price-fixing charges in a probe of the auto industry that has prompted complaints foreign automakers are being treated unfairly.

Banking giant HSBC apologizes for directing customers to porn site

By Wed, Apr 22, 2015 11:55AM UTC

Banking giant HSBC has apologised after a link on its Hong Kong website directed customers to a Chinese porn site.

Japan posts 1st trade surplus in almost 3 years

By Wed, Apr 22, 2015 9:51AM UTC

TOKYO (AP) — Japan has posted its first monthly trade surplus in nearly three years as falling import costs due to cheaper oil prices, along with a modest recovery in exports, helped tilt the balance in March.