China

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Wal-Mart  expects net sales to be up between 2-3 per cent for the fiscal year, down from an earlier forecast of a rise of 5 per cent to 6 per cent. The retailer also cut its profit forecast by 10 cents a share.

Wal-Mart Stores has posted disappointing quarterly sales after shoppers worldwide proved cautious, prompting the discount retailer to lower its yearly(...)

A member of a group of right-wing activists holds a Japanese national flag as they visit the Yasukuni Shrine in Tokyo today, the anniversary of Japan’s defeat in the second world war. Photograph: Issei Kato/Reuters.

Japanese prime minister Shinzo Abe sent a ritual offering and cabinet ministers visited a controversial shrine for war dead today - the anniversary of(...)

Network equipment maker Cisco Systems  yesterday reported fiscal fourth-quarter revenue in line with Wall Street expectations on continued strength in its enterprise business. Photograph: Mike Blake/Reuters

Cisco Systems, the biggest maker of networking equipment, reported fiscal fourth-quarter profit and sales in line with estimates as surging Internet t(...)

Foxconn, the trading name of Taiwan’s Hon Hai Precision Industry Co Ltd, has been testing the market for two years but has revealed little about its Fox Energy solar unit. Photograph: Reuters /Stringer

Foxconn Technology Group, best known for assembling Apple’s iPhones, will decide by year-end whether to branch off into unconventional territory: mak(...)

People move away as waves caused by Typhoon Utor crash on a seawall in Haikou, Hainan province. Photograph: China Daily/Reuters.

A typhoon struck the south coast of China today, forcing airlines to cancel flights and halting stock exchange trading in the financial centre of Hong(...)

Yelena Isinbayeva of Russia competes in the women’s pole vault at the Luzhniki Stadium. The 31-year-old triumphed with a leap of 4.89 metres. Photograph: Dominic Ebenbichler/Reuters

The world championships finally caught fire as the fans turned up to say farewell to Yelena Isinbayeva, only for the Russian pole vault queen to roll (...)

Employees assemble washing machines on the production line inside a factory of Hefei Rongshida Sanyo Electric in Hefei, Anhui province, yesterday. Photograph: Reuters

Home appliance maker Whirlpool said it will acquire a controlling stake in Hefei Rongshida Sanyo Electric for $552 million to expand in China’s fast-g(...)

Unusual dip in sales for core passenger brand. Photograph: Paddy Whelan

Europe’s biggest automaker Volkswagen reported a rare dip in sales of its core passenger car brand last month and said business conditions remained to(...)

In a sign of the failure to stem subscriber defections following the launch of its  BlackBerry 10 devices, the maker of the once must-have device for the business world conceded it needed to look at options for its future including a sale or alternatives such as joint venture. Photograph: Reuters/Brendan McDermid

BlackBerry has put itself up for sale as part of a wider strategic review to help the ailing Canadian handset maker in its battle for survival in(...)

It’s been a hectic few days for dairy in China, especially for foreign companies, after New Zealand’s Fonterra had to work frantically to contain a bo(...)

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