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Samsung set to overtake market leaders since 1996 as Nokia continues to struggle against competitors

Led by strong manufacturing and services growth, the economy expanded 8.8 per cent in the quarter ended June, which has been the fastest pace in nine quarters. Though the performance of the agriculture sector was subdued during the quarter, both the government and economists expect it to pick up in the coming quarters as kharif sowing has been healthy after good monsoons.

Japanese manufacturing activity expanded in August at its slowest pace in the last 14 months, as overseas demand receded while a strong yen weighed down the nation's exports. The Nomura/JMMA Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 50.1 in August from 52.8 in July, the lowest level since 48.2 in June 2009.

Chang will hand over the role of CEO to David Wang, a director at Sun Fun Power Holdings Co. Chang has resigned following an agreement to resolve a $1 billion lawsuit filed by

By Sonali Paul

By Emily Chasan and Madeline Chambers

By Emily Chasan and Madeline Chambers

Sunday's sacking of the PSA Peugoet Citroen chief executive marked the third time that the 54-year-old engineer and novelist has played for high stakes and lost, after a 100-day stint as head of Airbu

By Kevin Krolicki

Cellphone sales are set to dive this year, affected by consumers' reluctance to spend on new gadgets in the midst of the economic recession and large inventories built up by phone sellers at the end o

Christian Streiff, who heads Peugeot-Citroen, said he expects sales at Europe's second-biggest volume carmaker to fall 20 percent in 2009 and sees further pain in 2010 as there seems no end in sight t