Asia/Pacific

Gap Inc

China's JD.com to sell Gap clothing, vying with Alibaba to woo Western brands

China's JD.com Inc (JD.O) has partnered Gap Inc (GPS.N) to sell the U.S. clothing retailer's apparel online in China, as the Beijing-based e-commerce company goes head to head with Alibaba Group Holding Ltd (BABA.N) to woo big foreign fashion names.

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Gas station

Brent steady above $61 as companies cut upstream investments

Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around the world.

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Takata

Takata says has sufficient funds to deal with recalls: Nikkei

Air bag maker Takata Corp (7312.T) has sufficient funds to deal with a global recall that has climbed to about 21 million vehicles after five deaths linked to its products, the company executive told the Nikkei newspaper.

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Samsung Galaxy S5

Samsung's Cheil doubles upon debut after $1.4 billion listing

Shares in Cheil Industries Inc (028260.KS), the de facto holding company of Samsung Group, doubled on its debut on Thursday in the latest in a series of steps toward generational succession for South Korea's largest conglomerate.

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helicopter deal

Philippines to get frigates, gunboats, helicopters as tension simmers

The Philippines aims to buy two frigates, two helicopters and three gunboats for deployment in the South China Sea where a territorial dispute with China has lent urgency to the need to bolster forces, a Philippine navy officer said on Wednesday.

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Fashion

Over 20,000 bras recalled in Japan due to injury fears

A Japanese lingerie maker is recalling more than 20,000 brassieres after complaints that underwires suddenly poked out, sometimes while women were wearing them.

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Hitachi Corp

Hitachi says bid for Finmeccanica train-making, signal assets

A senior Hitachi Ltd (6501.T) executive confirmed the company has bid for Italian conglomerate Finmeccanica's (SIFI.MI) train-making and rail signal assets.

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Baidu Inc

Baidu buys Uber stake as car-hailing app seeks China breakthrough

Chinese Internet giant Baidu Inc (BIDU.O) agreed to buy a stake in Uber as the online car-hailing service seeks to gain ground on rivals with powerful backers in one of the world's biggest transportation markets.

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Moscow

Ruble jumps on Russia rate hike, oil pressured

Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the ruble jumped against the dollar after Russia sharply increased its benchmark interest rate in a bid to halt a collapse in its currency.

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Factory worker

China industrial activity shrinks in December, calls grow for more stimulus

Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing.

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Qualcomm

As Qualcomm decision looms, U.S. presses China on antitrust policy

U.S. President Barack Obama pressed China's Xi Jinping during recent talks on the use of Chinese antitrust policy to limit royalty fees for foreign companies, an issue at the heart of a probe into U.S. mobile chipset maker Qualcomm Inc.

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Olam International Limited

Olam agrees to buy ADM's cocoa business to create global firm

Olam International Ltd (OLAM.SI) will buy Archer Daniels Midland Co's (ADM.N) cocoa business for $1.3 billion, it said on Monday, catapulting the Singapore-based commodities merchant into the top tier of the niche bean processing industry.

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Standard Chartered

Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium

Standard Chartered (STAN.L) has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with knowledge of the deal said.

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Wang Jianlin

Chinese developer Dalian Wanda seen pricing HK IPO in top half-IFR

Chinese developer Dalian Wanda Commercial Properties Co Ltd will likely price its Hong Kong initial public offering in the upper half of expectations, IFR reported on Monday, citing a message from underwriters to investors.

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Sony Corp

Sony hacking highlights challenge to CEO Hirai's 'One Sony' vision

Leaked emails reveal a cultural gulf between Japan's Sony Corp and Hollywood subsidiary Sony Pictures Entertainment, highlighting the challenge of CEO Kazuo Hirai to turn around the money-losing company under the slogan One Sony.

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