Asia/Pacific

China Everbright Bank

Online financing, rising costs squeeze profits at China's midsize banks

Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders.

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Japan stocks

Asia stocks hobbled by growth woes, China PMI fails to impress

Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.

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Toyota

Toyota executive stands by Takata as supplier despite air bag troubles

A top Toyota Motor Corp (7203.T) executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp (7312.T) despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants.

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Boeing

Boeing and Chinese partner to make jet fuel from 'gutter oil'

Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.

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Power lines

Japan's power failure: Bid to forge national grid stumbles

After the Fukushima disaster crippled Japan's nuclear energy sector three years ago, the government pledged the biggest shake up in the history of the fragmented electricity industry to boost competition and contain a surge in power prices.

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Chinese Brokerage House

Investors seek delay to HK-Shanghai stock tie-up

Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading link that could generate billions of dollars of trade a day due to uncertainty over the scheme rules, according to a letter seen by Reuters.

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Philippine Airlines Inc (PAL)

Philippine Airlines majority owner Tan seeks to buy out minorities at huge discount

Philippine Airlines (PAL) majority owner Lucio Tan is offering to buy out minority shareholders in PAL Holdings Inc (PAL.PS), the carrier's parent company, at 1.19 pesos per share, less than a quarter of the stock's current market price, regulatory filings showed.

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Softbank Corp

SoftBank leads $100 million investment in Indonesian ecommerce firm Tokopedia

SoftBank Corp announced Wednesday it will lead a $100 million investment round in Indonesian ecommerce giant PT Tokopedia, the Japanese mobile carrier's third investment overseas under Vice Chairman Nikesh Arora.

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Hong Kong Exchange

Investors seek more time to prepare for Hong Kong-Shanghai stock tie-up

Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator for more time to prepare for a landmark China stock trading link due to uncertainty over the rules of the scheme, according to a letter seen by Reuters.

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Holcim

India's Aditya Birla bids for Lafarge-Holcim assets: sources

India's diversified Aditya Birla Group has submitted a bid for the Brazilian and the Philippine assets of cement industry leaders Lafarge (LAFP.PA) and Holcim (HOLN.VX), two persons directly involved in the transaction said.

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FAW-Volkswagen

As China gets tougher on fuel economy, some carmakers may be left behind

Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution.

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Tim Cook

China-backed hackers may have infiltrated Apple's iCloud: blog

Apple Inc's (AAPL.O) iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign.

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Shanghai Stock Exchange

Asian shares tread water as China GDP awaited

Asian stocks balked at the starting gate on Tuesday, as investors looked past solid gains on Wall Street overnight to Chinese economic growth figures due later in the session.

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Li Ka Shing

China's companies, billionaires must step up to fight Ebola: WFP

China's corporations and billionaires have lagged behind in contributions to fighting the Ebola epidemic in West Africa despite vast economic ties to the region, the World Food Programme said on Monday.

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Ebola unit

Japan's Fujifilm says to make Avigan anti-flu drug for more Ebola patients

Japan's Fujifilm Holdings Corp said on Monday it was expanding the production of its Avigan anti-influenza drug to reach an additional number of Ebola patients.

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