BERLIN/FRANKFURT - Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board.
KUALA LUMPUR - The Philippines called on its Southeast Asian neighbours to unite in urging China to halt reclamation of land in the South China Sea, but the call failed to raise widespread support ahead of a regional summit.
SHANGHAI/HONG KONG - Bankers at China's top state lenders are quitting in increasing numbers because of cuts to their pay and perks, and moving to a new breed of financial firms such as leasing companies, trusts and online platforms, bankers and headhunters say.
MANILA - The United States has asked for access to Philippine military bases in eight locations to rotate troops, aircraft, and ships as Washington shifts its forces to Asia and as China expands its military presence in the South China Sea.
SHANGHAI - China's parliament has passed legislation that restricts tobacco advertising in public, strengthening efforts to curb smoking in a country where more than a billion people are smokers or exposed to second-hand smoke.
SHANGHAI - Sweden's Volvo Cars will produce at its Belgian factory a small car based on a common platform and engine technology developed with Chinese parent Zhejiang Geely Holding Group [GEELY.UL], Volvo's chief said.
TAIPEI - Chinese President and Communist Party chief Xi Jinping will hold talks with the chairman of Taiwan's ruling Kuomintang (KMT) in Beijing next month, the KMT said on Friday, in what would be the first meeting between the heads of the two parties.
BEIJING - China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labour ministry warned that authorities cannot be "blindly optimistic" as the pace of job creation is slowing.
BEIJING - China will do more to bolster its cooling economy as its policymakers still have room to increase support, a senior official at the country's top economic planner said on Friday.
NEW DELHI - When Afghan President Ashraf Ghani makes his first official visit to India next week, it will be a chance for New Delhi to regain ground lost to regional rivals Pakistan and China and push interests including trade routes and arms sales.