Hyundai saw its net profit slashed, and it has the US and China to blame

Hyundai Motor’s bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States. The South Korean firm — which...

Daimler reports booming sales of Mercedes-Benz cars thanks to 28% rise in demand from China

Daimler’s second-quarter operating profit rose 15 percent, below expectations, despite booming sales of the new Mercedes-Benz cars helping to lift margins in the autos business to 10.2 percent. Daimler’s group earnings before interest and taxes rose to...

The 29-year-old CEO of Whatsapp rival Hike on pitfalls founders should avoid

The key to building a successful start-up is understanding the value of time, according to 29-year-old Kavin Bharti Mittal, who is founder and CEO of Indian messaging platform Hike Messenger. Mittal started Hike in 2012 as an instant messaging app that has now evolved...

China to turn all centrally owned giants into joint-stock firms by the end of the year

China will turn all big companies owned by the central government into limited liability firms or joint-stock firms by the end of 2017, as Beijing looks to make its state-owned giants more nimble as part of broader reforms of the capital markets. The cabinet said on...