Japan’s Toshiba Corp (6502.T) has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a highly contentious auction.
General Motors will recall more than 2.5 million vehicles in China over concerns about airbags made by troubled Japanese giant Takata, Chinese authorities said, dealing a blow to the US automaker in the world's largest car market.
Top bosses of the auditing firm KPMG in South Africa have resigned over work done for the Guptas who are business friends of the country's President Jacob Zuma.
Uganda signed an oil exploration deal with Australia’s Armour Energy Limited on Thursday, the first under a protracted competitive licensing round launched in 2015.
Two senior executives of a collapsed peer-to-peer lender were sentenced to life in prison and 24 others punished over what has been called China's biggest-ever Ponzi scheme, state media reported Tuesday.
Zimbabwe produced enough food to feed its people for the first time since adopting a controversial policy to strip land from white farmers, President Robert Mugabe told parliament on Tuesday.
Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a glass and stainless steel device with an edge-to-edge display that Chief Executive Tim Cook called “the biggest leap forward since the original iPhone.”
