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(MENAFN - AFP) Confusion swirled over Air France's plan for its low-cost subsidiary that has been at the heart of a bitter and costly strike on Wednesday, as the government and management contradicted each other within minutes.

As the strike at Europe's second-biggest flag carrier stretched into its 10th day, Transport Minister Alain Vidalies told French radio the airline ...

(MENAFN - AFP) The Philippines' booming outsourcing industry now employs a million people after growing almost tenfold in just over a decade, the industry association said Wednesday.

Widely considered as second only to India, Philippine outsourcing is expected to earn $18 billion this year, said the IT and Business Process Association Philippines.

"We just (hit) one ...

(MENAFN - AFP) Royal Bank of Scotland lowered the price of shares in US unit Citizens Financial Group being launched on Wall Street Wednesday after lackluster demand from investors.

The initial public offering of Citizens, 140 million shares, was priced at $21.50 late Tuesday, raising about $3.0 billion. The British parent company originally sought an IPO price between $23 ...

(MENAFN - AFP) US auto giant General Motors (GM) expects to sell a record number of cars in China -- its biggest market -- this year, an executive said Wednesday, despite an investigation of the sector over pricing policies.

"We're on track to surpass three million sales for the second consecutive year. We're certainly expected to top last year's record of 3.16 million vehicles," ...

(MENAFN - AFP) Germany's Ifo business confidence indicator fell to its lowest level in 17 months in September, data showed on Wednesday, as Europe's biggest economy continues to run out of steam.

The Ifo economic institute's closely watched business climate index fell to 104.7 points in September, from 106.3 points in August, the think-tank said in a statement.

That ...

(MENAFN - AFP) Starbucks is to take full ownership of its Japanese operations at a cost of more than $900 million, a move which the company said was aimed at further tapping its second-largest market.

The Seattle-based coffee giant said it would buy the 60.5 percent stake that it does not already own as part of a two-step tender process expected to be completed by the first ...

(MENAFN - AFP) South Korea's Samsung launched the latest version of its oversized Galaxy Note smartphone earlier than expected after US rival Apple reported record sales of its latest iPhone 6.

Samsung said the Galaxy Note 4 -- initially scheduled for launch in October -- would hit stores in South Korea and China this week before being sold in 140 nations by the end of next ...

(MENAFN - AFP) Asian markets were mixed in early trade on Wednesday as bargain-buying was offset by a sell-off in New York and Europe that came in response to fresh data indicating weakness in the eurozone.

Japan's Nikkei returned from a long weekend to a stronger yen putting downward pressure on exporters.

Tokyo slipped 0.11 percent and Sydney eased 0.85 percent, while ...

(MENAFN - AFP) Confusion reigned Wednesday over Air France's plan for its budget subsidiary that has been at the heart of a bitter and costly strike, as the government and management contradicted each other.

Transport secretary Alain Vidalies told French radio that the airline had scrapped plans to expand its Transavia subsidiary, but Air France management denied that within ...

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