After several weeks of speculation, Malaysian carmaker Proton Holdings, which has been held under the government’s investment arm Khazanah Nasional, has finally been sold to local conglomerate DRB-Hicom Holdings. At RM5.50 (US$1.77) per share, Khazanah has sealed a deal with DRB-Hicom to sell its 42.7% stake in Proton to the latter for a total of...
Philippine volcano ejects ash, but no violent eruption
Thu, May 07, 2015 1:21PM UTC
IMF says Asia to lead growth in 2015 despite China slowdown
Thu, May 07, 2015 1:18PM UTC
New Zealander, 25, stands trial in China on drug charges
Thu, May 07, 2015 12:37PM UTC