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Asia-Pacific News Southeast Asia

  • MUMBAI/ DETROIT, Sept 18- Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a strategic alliance to counter challenges posed by fast-changing technology and global competition. One potential benefit to Ford of a partnership with Mahindra is access to lower cost electric vehicle designs and local suppliers it...

  • MUMBAI/ DETROIT, Sept 18- Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a new strategic alliance, seeking technology sharing and cost saving in a range of activities from purchasing to development of electric vehicles. Investors are watching as Ford Chief Executive Jim Hackett, who took over in May, has begun to...

  • MUMBAI, Sept 18- Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a new strategic alliance, seeking technology sharing and cost saving in a range of activities from purchasing to development of electric vehicles. Investors are watching as Ford Chief Executive Jim Hackett, who took over in May, has begun to steer the...

  • *Bangladesh becomes big rice importer after floods hit crops. DHAKA, Sept 18- Bangladesh is to buy rice from Myanmar, putting aside worsening relations over the Rohingya refugee crisis as the government races to overcome a shortage of the country's staple food. Normally the world's fourth biggest rice producer, Bangladesh has become a major importer this year...

  • This is the second time the two would be joining forces in India, Ford having re-entered India in the 1990 s through a joint venture with Mahindra before eventually expanding to manufacture and sell vehicles on its own. The new alliance comes as foreign car makers like Fiat Chrysler, Volkswagen and General Motors have struggled in India where nimbler rivals...

  • DETROIT— Ford and India's Mahindra Group will cooperate in a new agreement to advance electric and connected vehicle technology, among other things. Ford Motor Co. seeks to expand its presence in India, while Mahindra wants to expand its reach outside of the country. In May, General Motors Co. said it would pull its Chevrolet brand out of India by the end of the year.

  • NEW DELHI, Sept 18- India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said. Tax receipts were about $7.8 billion in July- a little over half the monthly target- mostly because...

  • NEW DELHI, Sept 18- India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said. Tax receipts were about $7.8 billion in July- a little over half the monthly target- mostly because...

  • An alliance would also come as foreign car makers such as Volkswagen, General Motors and Fiat Chrysler have struggled in India where nimbler rivals such as Maruti Suzuki and Hyundai Motor have cornered roughly two-thirds of the market. In May, General Motors said it would stop selling cars in India from the end of this year, drawing a line under two decades of...

  • HONG KONG, Sept 18- Jollibee Foods Corp, popular in the Philippines for its sweet-style spaghetti and fried chicken, is exploring a bid for Britain's Pret A Manger which could value the upscale sandwich chain at over $1 billion, sources familiar with the matter said. Jollibee has a huge following in the Philippines, as well as with Filipinos overseas, for its...

  • NEW DELHI, Sept 18- Alphabet Inc's Google on Monday launched a localised payments app for India as it tries to gain a foothold in the country's rapidly-growing digital payments space. India's crowded digital payments market, expected to grow ten-fold to $500 billion by 2020, received a shot in the arm after Prime Minister Narendra Modi banned old high-value...

  • Harsh Madhok, who runs a clothing business in Jaipur, a city of three million people, had read about internet shutdowns elsewhere in India. Now he was in the middle of one in his city in central India, as authorities tried to damp down unrest following a traffic incident that led to clashes between police and locals. According to a database maintained by the Software...

  • Harsh Madhok, who runs a clothing business in Jaipur, a city of three million people, had read about internet shutdowns elsewhere in India. Now he was in the middle of one in his city in central India, as authorities tried to damp down unrest following a traffic incident that led to clashes between police and locals. According to a database maintained by the Software...

  • Harsh Madhok, who runs a clothing business in Jaipur, a city of three million people, had read about internet shutdowns elsewhere in India. Now he was in the middle of one in his city in central India, as authorities tried to damp down unrest following a traffic incident that led to clashes between police and locals. According to a database maintained by the Software...

  • Harsh Madhok, who runs a clothing business in Jaipur, a city of three million people, had read about internet shutdowns elsewhere in India. Now he was in the middle of one in his city in central India, as authorities tried to damp down unrest following a traffic incident that led to clashes between police and locals. According to a database maintained by the Software...

  • Taizo Son, chief executive officer of Mistletoe

    Japanese billionaire Taizo Son, founder and CEO of Mistletoe, says Southeast Asian start-ups can leapfrog their peers in developed markets.

  • President Donald Trump's speech at the United Nations. KEEPING SCORE: Germany's DAX rose 0.6 percent to 12,592.21 and France's CAC 40 gained 0. 4 percent to 5,234.68. London's FTSE 100 added 0.3 percent to 7,238.37.

  • Facebook founder and chief Mark Zuckerberg (C) speaks to German Chief of Staff Peter Altmaier (R) at the so-called 'Facebook Innovation Hub' in Berlin on February 25, 2016.

    Some of the biggest companies in the world are finding they need to play by an entirely new set of rules on the once-anarchic internet.

  • Taizo Son, founder of Mistletoe, talks about how the food supply chain needs to be updated for the twenty-first century.

  • DUBAI, Sept 17- Iran will not be bullied by the United States and will react strongly to any "wrong move" by Washington on Tehran's nuclear deal, Supreme Leader Ayatollah Ali Khamenei said on Sunday. State television quoted Khamenei as saying Iran was standing firm "and any wrong move by the domineering regime regarding the will face the reaction of the Islamic...