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HONG KONG -- Michael Kadoorie, the 82-year-old chairman of the company that runs the luxury Peninsula Hotels chain, said Wednesday that he plans to stay on for the foreseeable future, while the group seeks a successor to its retiring chief executive who is almost 20 years his junior.
TOKYO -- Mitsubishi Heavy Industries on Wednesday reported record sales and profits for the year ended in March and sharply raised its dividend payments, as the world's largest gas turbine maker accelerates its shift to hydrogen from coal and natural gas.
TAIPEI -- The Taiwanese financial conglomerate SinoPac Holdings is entering the Cambodian banking industry by acquiring a local institution that is majority-held by Western investors, the latest example of the diversification of Taiwanese investment into Southeast Asia.
TAIPEI -- A former ambassador in the Donald Trump administration has told Taiwan that regardless of the outcome of November's U.S. presidential election, Washington will not waver in its support.
HONG KONG -- French cosmetics brand L'Occitane International is set to withdraw its listing from the Hong Kong Exchange, meaning the bourse stands to lose one of its few non-local, non-mainland companies at a time when it is promoting itself globally as a place to go public.
HONG KONG -- China's rare-earth miners and refiners are suffering from falling revenues and profits despite the government's efforts to protect the strategic industry, as competitors scurry to build their own supply chains and the domestic economy remains shaky.
HONG KONG -- Mainland Chinese property developers suffering from mounting debt obligations and dwindling sales have resorted to drastic workforce cuts, some of their annual reports show.
HONG KONG -- Beijing's premier automobile exhibition is back after a four-year hiatus, highlighting how Chinese automakers have pushed the electrification of the world's largest car market while expanding their own global footprints.