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Global carmakers see rising competition at China show

Beijing / AFP Global carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world’s biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention. The flamboyant show, which alternates between the capital and commercial hub Shanghai, came after auto sales in China grew just ...

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China to build $11bn airport to meet growing demand

  Beijing / Bloomberg China plans to spend as much as $11 billion on a second airport in the southwestern city of Chengdu to help meet growing demand for air travel in the world’s second-biggest economy. The proposed facility will have three runways, one of them as long as 4,000 meters, according to a statement posted on the website of ...

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Reliance profit falls in eight months to highest

  Mumbai / Bloomberg Reliance Industries Ltd., which reported the highest quarterly profit in more than eight years on Friday, fell to the lowest in more than a month on concerns over cost-overruns and delays in projects. The shares declined as much as 2.6 percent to 1,012.30 rupees, the lowest since mid-March, and traded at 1,015 rupees as of 2:31 ...

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