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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
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