China Stock Market Turns Bearish, Other Asian Stocks Track Decline
A fresh bout of volatility in the world’s second-largest economy dragged stock markets down in the region Friday.
Iran Readies Oil Tankers To India As UN Prepares To Lift Sanctions
Amid worries of a global oil glut, Iran has pledged to begin pumping up to half a million barrels of extra crude per day post-sanctions.
Foxconn Ups Investment Offer For Sharp To $5.9B
Sharp is looking to restructure its core TV business to better compete with lower-cost South Korean and Chinese rivals.
Qualcomm, Japan’s TDK Form $3B JV For Wireless Technology
The San Diego, California-headquartered chipmaker Qualcomm would own 51 percent of the new firm that will be based in Singapore.
First Mainland China Disney Theme Park To Open Mid-June
The Disney theme park in Shanghai is set to open this summer after almost a decade of planning and five years of construction.
Hong Kong Leader Focuses On Education, Trade And Housing Reforms In Annual Policy Speech
Chief Executive Leung Chun-ying’s address sought to assuage issues such as long working hours and surging housing prices.
Brazil Oil Giant Petrobras Cuts Production, Spending Outlook; Shares Hit 12-Year Low
The company slashed its investment plan for the five years through 2019 by about a fourth to offset falling crude oil prices.
MetLife Plans To Spin Off US Retail Unit Due To Tighter Regulations
The largest U.S. insurer by assets said its decision was partly driven by new federal regulations in the wake of the 2008 financial crisis.
Italian Consumer Groups Take McDonald’s To EU Antitrust Watchdog
Italian consumer groups accused the world’s largest fast-food chain of making most of its profits in Europe by charging high rents.
Airbus Wins More Orders Than Boeing For Second Year Running
Chicago-based Boeing, however, managed to deliver more aircraft than Airbus during the year.
China Car Sales Growth Drops To 3-Year Low In 2015
Car makers grappled for market share in the world's largest auto market as businesses and households held back on spending amid an economic slowdown.
Japan’s ANA Takes 8.8% Stake, Board Seat On Vietnam Airlines For $108M
ANA Holdings, owner of Japan’s biggest airline, has been scouting for acquisitions in the Southeast Asian region after raising $1.4 billion in 2012.
Gay Dating App Grindr Sells Major Stake To Chinese Tech Billionaire
The popular U.S.-based dating and social networking app for gay men sold a controlling stake to Zhou Yahui.
Activist Investor Starboard Value LP Urges Macy’s To Spin Off Real Estate Assets: Report
Starboard Value LP wants Macy’s to support cost cutting with real-estate deals to bolster its cash reserves, the Wall Street Journal reported.
Electrolux Gets New Boss As Keith McLoughlin Steps Down After Failed GE Deal
The announcement comes a month after the biggest deal in the company’s history was nixed due to antitrust concerns.
Alcoa Lands $1.5B Contract From GE Aviation: Report
The deal increases to about $9 billion the value of Alcoa's 2015 aerospace supply contracts.
ChemChina To Buy German Machinery Maker KraussMaffei In $1B Deal
The purchase marks the biggest acquisition by Chinese investors in Germany, according to a ChemChina statement.
Wealth Manager UBS Plans To Double China Operations In 5 Years
The bank would expand at a much faster pace in the next 10 years compared to its growth in the region so far, CEO Sergio Ermotti said.
David Cameron Says Brexit May Not Be Best Idea For UK
"Britain joined Europe for trade and cooperation. We do not want to belong to a super state,” Prime Minister David Cameron said, on a TV show Sunday.
Japan’s Shinzo Abe Looks For Opposition's Approval To Revise Constitution
Japanese Prime Minister Shinzo Abe has consistently pushed for changes to the country's pacifist constitution amid a growing debate over national security.
'Star Wars: The Force Awakens' China Debut Broke Record, Disney Estimates
Ticket sales in China could help the seventh film in the science-fiction saga top “Avatar” as the highest-grossing Hollywood movie worldwide.
Hong Kong Booksellers Pull Anti-China Publications After Mysterious Disappearances
Several people linked to city bookshops stocking publications critical of China have gone missing over the past few months.
FIFA Corruption Scandal: Sepp Blatter, Michel Platini Free To Appeal 8-Year Bans
Michel Platini, who was seen as the favorite to replace suspended president Sepp Blatter in the Feb. 26 election, is expected to begin his appeal Monday.
China Forex Regulator To Ramp Up Risk Control Efforts
The yuan is trading at its lowest level in five years against the dollar, following a 0.5 percent devaluation by Beijing earlier this week.
BlackRock Takes At Least 5% Stake In Jack Dorsey’s Square
BlackRock’s stake could be a positive sign for the newly public company, which saw its stock price drop as much as 13 percent this week.
Lab Equipment Maker Thermo Fisher To Buy Affymetrix For $1.3B
Shares of Affymetrix jumped about 50 percent during after-market trade Friday, following the announcement.
China Economy: Consumer Inflation Edges Up, Factory Prices Continue To Fall
China's economy was off to a shaky start in 2016, as producer prices fell and the main stock market index lost 10 percent in the first week of trading.
Iran May Limit Crude Oil Output To Avoid Price War: Official
The comment signaled a major shift from the country’s earlier strategy to fight for market share once Western sanctions against it are lifted.
AirAsia Sets Up $1B Bond Program To Shore Up Finances, Shares Jump
Asia’s largest budget airline announced Wednesday that the credit program will be used to refinance debt and buy planes.
FIFA Corruption Scandal: Ethics Panel Recommends 9-Year Ban, Fine For Former Secretary General Jérôme Valcke
The ban recommended for FIFA’s former secretary general Jérôme Valcke, the right-hand man to banned president Sepp Blatter, is the harshest yet in the corruption scandal.