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UPDATE 2-Shake-up in key Samsung assets to cement heir's grip as succession looms

* Samsung stepping up overhaul since patriarch's illness (Adds analyst comments, details)

11:15am IST

L'Oreal to reduce prices in China after import tariff cut

SHANGHAI, May 26 - L'Oreal SA will reduce prices of most of its imported products in China to encourage domestic consumption, the French cosmetics giant said on Tuesday, after China promised to slash import tariffs on goods including skincare products.

10:51am IST

Ford Motor's Turkish unit halts output as labour dispute resumes

ANKARA, May 26 - The Turkish unit of Ford Motor Co has suspended operations at one of its plants after a week-long labour dispute flared up again just days after the company resumed production at another Turkey plant.

10:41am IST

What's hot? Life sciences challenge tech in global innovation

LONDON, May 26 - The life sciences industry is increasingly taking over from the tech sector in driving global innovation, according to a Thomson Reuters analysis of global patents.

9:30am IST

Pension adviser says Ernst & Young was aware of Wal-Mart Mexico bribery allegations

May 25 - A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc , Ernst & Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities.

6:52am IST
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One year on, Prime Minister Modi courts India's poor

NEW DELHI - Prime Minister Narendra Modi told thousands of supporters his government was devoted to the poor on Monday, directly tackling criticism he has governed for the rich and failed farmers in his first year in office.