Development and construction continues on a largescale housing project of over 600 homes in Oceanside, California, US. Reuters
Many investors are eyeing to acquire stake in ailing Malaysia Airlines. Proposals to invest in Malaysia Airlines include one from Air France-KLM, which wants as much as 49% while Japan Airlines is looking at a 25% stake, people with knowledge of the matter said.
Uber, the multinational ride hailing application, has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99 per cent stake in the startup. The deal is reportedly worth over $350m or close to Rs2,500 crore. Zomato is backed by China's Ant Financial.
The Bank of Japan (BOJ) on Tuesday upgraded its growth forecast for the world’s third-biggest economy but kept its monetary policy unchanged.