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GM cedes control of China venture

General Motors is to give up a crucial 1 per cent of its China passenger-car venture to its partner SAIC, the state-owned Chinese automaker, as part of a deal that will launch the two companies on a new partnership venture

Singapore’s Tiger Airways plans IPO

Tiger Airways, the Singapore-based low-cost airline, is planning an initial public offering in January to raise about $500m

Sellers increase size of Taikang stake on offer

Potential foreign buyers of the French insurer’s key holding in the leading Chinese life assurer are being offered 19.99%, a larger shareholding than previously indicated

Peugeot weighs buying Mitsubishi stake

PSA Peugeot Citroën is in talks with Japan’s Mitsubishi Motors over a broad-based alliance which may include a capital tie-up

Peugeot and Mitsubishi talk of alliance

In a sign that a full-blown partnership was more a discussion topic than a done deal, analysts wonder how the alliance might be structured and financed – and whether it made strategic sense

GM and SAIC set to unveil India tie-up

The US automotive company and China’s SAIC are poised to announce a tie-up for the sale of vehicles in India

South Korea rail strike called off

The railway workers’ union has ended a strike, buckling under pressure from the pro-business government of President Lee Myung-bak, which refused to compromise even though the walkout slowed cargo transport

Lex: Mitsubishi / Peugeot

If past deals in the Japanese auto sector are any guide, Peugeot should think carefully before sealing a deal with Mitsubishi

American Airlines steps up efforts to woo JAL

American Airlines ramps up its attempt to save its partnership with Japan Airlines by pledging $1.1bn in financial support for the troubled Asian carrier

BBVA lifts stake in China Citic Bank

Spain’s second-largest bank announces that it has spent €1bn to acquire a further 5% holding in the Chinese lender, cementing its strategic position in the mainland’s banking market

Bangkok group takes aim at Lehman sale

CIC in €800m offer to Apax

Stake sale has two-fold appeal for Apax

Thai court rules 65 projects remain suspended

Sale of AIG Taiwanese unit ‘on track’

Delhi blocks EADS proposed joint venture

Alstom defends winning Areva bid

SMX wins approval to start trading

Warning over ad revenues

Shenzhen airline boss faces police probe

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