Mitchell Tomlinson

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China fines Japanese car parts firms for price-fixing

<b>China has levied a record fine totalling 1.24bn yuan ($202m; £121m) on twelve Japanese car parts companies for price-fixing.</b><p>The country's anti-monopoly regulator said the companies were found to have colluded to reduce competition.<p>Japan's Sumitomo Electric and Mitsubishi Electric were among the …

Russia tensions hit Carlsberg sales

<b>Sales at the Danish brewer Carlsberg have been hit by falling consumption in Russia and Ukraine.</b><p>Russia beer volumes declined by between 6% and 7% in the second quarter due to the "uncertain macroenvironment" and "weak economic development", Carlsberg said.<p>Ukrainian beer consumption dropped 10% amid …

Russia watchdog shuts four McDonald's in Moscow

<b>Russia's main consumer watchdog has temporarily shut four McDonald's restaurants in Moscow as part of an investigation into food standards.</b><p>Watchdog Rospotrebnadzor claimed the restaurants had breached "numerous" sanitary laws.<p>McDonald's said it was looking at the complaints, adding its "top …

Li & Fung seen as bellwether for US retail sector

Supply-chain giant Li & Fung's half-year results will be closely watched by both Asian and US investors.<p>The Hong Kong-based firm sources many of the toys, clothes and other goods sold by stores such as Walmart and Target.<p>As a result its profit figure is seen as a bellwether for the health of the …

Panasonic turns to vegetable farming in Singapore

Electronics giant Panasonic is best known for making televisions and DVD players.<p>Yet the Japanese firm has now turned its hand to growing vegetables in Singapore.<p>The plants are played special music to help them grow.<p>The BBC's Ali Moore reports on the serious business intentions behind Panasonic's …

HP's sales boosted by computer unit but profit falls

<b>Computer giant Hewlett-Packard has reported a sharp fall in profit despite a rise in revenue helped by improved computer sales.</b><p>The firm reported $985m (£593m) profit compared to $1.39bn a year ago for the three months to the end of July.<p>Revenue rose 1% to $27.6bn, helped by a surprise 12% rise in …

Indian brands encourage user-generated advertising

A new advertising trend has sprung up in India recently, with brands encouraging customers not just to buy products, but be involved in promotional campaigns too.<p>It has been dubbed "user-generated advertising" - but can it really work in a country still dominated by billboards and newspaper …

UK car production rises in July, says SMMT

<b>More than 130,000 cars were made in the UK last month, a rise of 2.8% compared with last year, according to the Society of Motor Manufacturers and Traders (SMMT).</b><p>Last month's total took the year-to-date figure to 923,884.<p>This was a 3.4% increase on the total for the first seven months of last …