Asia/Pacific

Citibank

Citigroup sells stake in Turkey's Akbank for $1.2 billion

Citigroup (C.N) has sold its nearly 10 percent stake in Turkey's Akbank (AKBNK.IS) for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits.

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1 Malaysia Development Berhad

Malaysia's 1MDB to be dismantled under debt plan - sources

Malaysia's indebted and controversy-ridden state investor 1MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said.

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Tokyo

Asia stocks slip, euro hits 11-year low before ECB

Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday's closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank's policy meeting.

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PLA soldiers

China defense budget rise to defy slowing economy

China's defense budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets.

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Toyota Mirai

Toyota diversifies top executive ranks

Toyota Motor Corp (7203.T) on Wednesday promoted more foreigners to senior posts, including the first woman and first African-American to hold executive titles, diversifying a management team long dominated by Japanese men.

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Jack Ma

Alibaba opens first U.S. cloud center, enters hotly contested market

Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition.

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Gas station

Brent crude up $1 to over $60.50 as global markets firm

Brent crude oil prices rose more than a dollar to above $60.50 a barrel on Tuesday, tracking firmer Asian markets, but analysts warned the market remained oversupplied.

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Colombo Port City

China says Sri Lanka loans made 'based on consensus'

China's loans to Sri Lanka were made based on consensus through talks between the two countries and at Sri Lanka's request, the Chinese Foreign Ministry said on Monday, after Sri Lanka's foreign minister expressed concern about the loans.

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China

Global stimulus swells as China eases, ECB to start soon on QE

Global stimulus is swelling, with China cutting interest rates ahead of disappointing factory data and the European Central Bank set to start government bond purchases just as data hints the euro zone economy may be picking up.

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Great Hall of the People

China parliament to juggle reform drive and slower growth

China's slowing economy will be at the forefront as parliament convenes for its annual meeting this week, with a weekend interest rate cut a reminder of the challenge of balancing painful restructuring with combating the onset of deflation.

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Tokyo Stock Exchange

Asia edges up after China rate cut, euro sags

Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the euro.

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Samsung Galaxy S6

Samsung unveils sleek new Galaxy phones to take on Apple

Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made from aircraft-grade metal, in a bid to reclaim the throne of undisputed global smartphone leader from Apple Inc.

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Logistic center

China PMI shows factory activity shrank again in February

Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed on Sunday that activity in China's factory sector contracted for a second straight month in February.

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India's Prime Minister Narendra Modi

India targets $6.7 bln from stake sales in govt co's in 2015/16

India plans to raise 410 billion rupees ($6.7 billion) by selling stakes in government companies during the fiscal year 2015/16, according to the budget proposal presented by Finance Minister Arun Jaitley on Saturday.

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NTT Communications Corp

Japan's NTT Comm in talks to buy German e-shelter: source

NTT Communications Corp is in talks to acquire German data center provider e-shelter for about 100 billion yen ($836 million), according to a source familiar with the matter.

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