US fast-food giant McDonald's will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday.

Swedish automaker Volvo said Sunday that it expects to export half of the cars produced at a future plant in the United States.

German carmaker Volkswagen will recall almost 50,000 vehicles in China due to brake problems when using cruise control, according to the country's quality regulator.

HMD Global, the Finnish company that owns the rights to use Nokia's brand on mobile phones, announced on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246).

The smartphone continues to change the world a decade after the debut of the iPhone, even as Apple is under pressure to come up with a new wonder.

A parliamentary committee, probing the government's decision to scrap high-value bank notes, has sent the country's central bank governor a list of questions on the demonetisation process and asked him to appear before it on Jan. 20.

China's overseas investment in renewable energy projects jumped last year by 60 percent to a record $32 billion (30 billion euros), marking its leadership in the global market for clean energy, a report said Friday.

Boeing said Friday its deliveries of commercial planes fell modestly in 2016 and it saw fewer orders compared to 2015.

Canada's competition watchdog announced Friday it is closing its two-year investigation into whether Apple's contracts with local wireless carriers illegally stifled competition when it introduced the iPhone.

China's foreign exchange reserves fell to near six-year lows in December, but held just above the critical $3 trillion level, as authorities stepped in to support the weakening yuan ahead of U.S. President-elect Donald Trump's inauguration.

The rupee is expected to fall further against the US dollar this year to a record low, hit by rising global bond yields and an economic blow from New Delhi's dramatic currency crackdown launched two months ago, a Reuters poll found.

Sunday shopping at Paris's prestigious department stores is finally becoming a reality, giving them a much-needed shot in the arm following terror attacks that have scared away foreign visitors to the world's fashion capital.

US President-elect Donald Trump has threatened Toyota Motor Corp over its Mexican-built cars, but the biggest risk from a punitive

Norway made a record amount on its salmon sales last year, helping to partially offset a drop in oil revenues, the main engine of the country's economy, data showed Wednesday.

Inflation in the eurozone jumped in December to the highest level in more than three years on the back of surging oil prices, official EU figures showed on Wednesday.

Rice prices in India fell due to ample supply and recent slide in the rupee, while the Thai and Vietnamese markets remained subdued in the first week of the new year, traders said on Wednesday.

China plans to spend 800 billion yuan ($115.09 billion) on building railways this year, the same budget as last year, to grow its network to 150,000 kilometers, state news agency Xinhua reported on Wednesday.

China's Alibaba Group Holding Ltd has sued two vendors it says sold fake Swarovski watches on its Taobao e-commerce platform, its first legal action against counterfeiters amid persistent allegations that fake goods are widely available on its sites.

Emerging market portfolios recorded their lowest total inflows since 2008 as investors responded to global shocks last year by buying fewer developing country assets, a report showed on Tuesday.

Economists at HSBC on Wednesday raised their forecast for global growth and inflation over the next two years based on robust manufacturing activity, a resilient China and above all the fiscal boost expected to come in the United States.