Asia/Pacific

Samsung Electronics

Staff fear the chop in Samsung Electronics annual reshuffle

Insiders say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are expected to cost many jobs.

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Japan's Economics Minister Akira Amari

Japan's Amari - consumer prices flat after oil price fall

Japanese Economics Minister Akira Amari said on Friday that consumer prices are basically flat as a decline in oil prices has been slowing inflation.

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Shopper

Wal-Mart cuts dozens of China executives to cut costs

Wal-Mart Stores Inc said it has cut more than 20 mid-level jobs in China as part of its effort to lower costs in the world's second largest economy where it has been grappling with slower sales and tough price competition.

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Bank of China

Banking tricks blunt China's drive to increase lending

China hopes that last week's interest rate cut will increase lending into the economy to shore up flagging growth, but measuring any rise will be impeded by a number of tricks the country's bankers use to manipulate the figures.

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Toyota

Toyota recalls more cars for dangerous Takata air bags

Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.

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Lion Air

Indonesia's Lion Group buying ATR planes worth $1 billion in Asia expansion

Indonesia's Lion Group is buying an additional 40 aircraft from ATR for $1 billion at list prices, the companies said, in a move that will make Lion the biggest customer of the European manufacturer.

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Wang Jianlin

Dalian Wanda to seek HK approval for up to $6 billion IPO on Monday

Chinese real estate developer Dalian Wanda Commercial Properties, a unit of billionaire Wang Jianlin's Dalian Wanda Group, will seek approval from Hong Kong's bourse for an up to $6 billion initial public offering on Monday, IFR reported late on Wednesday citing sources familiar with the plans.

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Pakistani Prime Minister Nawaz Sharif

Pakistan under pressure to save trade agenda at South Asia summit

South Asian leaders will pile pressure on Pakistan on Thursday to salvage a summit in Nepal by agreeing to electricity sharing and the free movement of vehicles across borders, measures aimed at boosting trade among nearly a quarter of the world's people.

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Taiwan

How China's shadowy agency is working to absorb Taiwan

Ever since a civil war split the two sides more than 60 years ago, China has viewed Taiwan as a renegade province that needs to be absorbed into the mainland. To that end, the legion of Taiwanese businessmen working in China is a beachhead.

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Samsung

Samsung Electronics to buy back $2 billion in shares

South Korea's Samsung Electronics Co Ltd (005930.KS) on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits.

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Syngenta

In wake of China rejections, GMO seed makers limit U.S. launches

China’s barriers to imports of some U.S. genetically modified crops are disrupting seed companies' plans for new product launches and keeping at least one variety out of the U.S. market altogether.

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Samsung

Samsung Group sells shares in chemical, defense arms for $1.7 billion

South Korea's Samsung Group said on Wednesday it is selling stakes in four chemical and defense firms for 1.9 trillion won($1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate.

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Coal Production in China

Coal mine accident in northern China kills 24: Xinhua

A coal mine fire in China's northern Liaoning province has killed 24 workers and left 52 injured, the official Xinhua news agency reported on Wednesday, underscoring the poor safety record of the world's biggest coal producing country.

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Financial Markets Tokyo

Asia shares climb on U.S. optimism, oil pressured before OPEC

Asian stocks edged up on Wednesday after data showing the U.S. economy growing at a relatively solid pace calmed investor anxiety over slowing global growth, while the Australian dollar languished near four-year lows against the dollar.

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Currencies: Euro, Dollar, Yen, Pound

Countries engaging in currency wars?

The central banks are finding it difficult to boost growth by increasing domestic demand and hence the need to depend upon foreign demand. The progressive rate cuts and monetary easing measures have led to massive falls in these currencies thereby helping these countries to increase exports.

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