LONDON Nick Robertson, the founder of British online fashion retailer ASOS, has stepped down as chief executive after 15 years in which he transformed the internet start-up into a retail powerhouse with millions of fans around the world.
Tesco has named a consortium led by South Korean buyout group MBK Partners as the preferred bidder for its business in the country, according to people close to the deal.
LONDON Fresh government intervention to support China's jittery markets and bets on a more dovish stance from central bankers provided limited respite from a stock market sell-off on Wednesday as oil resumed its fall.
Australia's economy decelerated sharply as the slowdown in China, its biggest trading partner, dented exports and mining construction.
SHANGHAI Nine Chinese brokerages have pledged additional funds worth over 30 billion yuan ($4.71 billion) to buy shares, the China Securities Journal said on Wednesday, answering fresh government calls to support a wobbly stock market.