Alibaba’s Ma says Kering lawsuit ‘regrettable’
SEOUL (Reuters) – The founder of Alibaba Group Holdings Ltd on Tuesday called “regrettable” a lawsuit by a group of luxury goods firms owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters.
Investors stick to bets even as dollar and bonds slip
NEW YORK (Reuters) – The dollar’s four-week decline and a slump in bond prices has upset some assumptions about where global financial markets are heading, but haven’t deterred most investors from staying faithful to their bets.
Price cutting threatens automakers’ rich margins in China
BEIJING (Reuters) – International automakers are slashing prices for vehicles they sell in China in response to a slowdown in demand that threatens the industry’s rich profit margins.
Deutsche Bank retail chief Neske to quit: media
FRANKFURT (Reuters) – Deutsche Bank’s restructuring plan claimed its first management casualty when its retail chief Rainer Neske decided to quit after the group chose to split up and sell chunks of his domain, including Postbank , German media reporte…
China-backed AIIB founding members to meet in Singapore this week
SINGAPORE (Reuters) – Founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) will hold a three-day meeting in Singapore this week to discuss operational policies for the establishment of the institution.
Apple gets partial win on appeal in Samsung patent case
NEW YORK/SAN FRANCISCO (Reuters) – Apple Inc was handed a mixed ruling by a U.S. appeals court in the latest twist in a blockbuster intellectual property battle with Samsung Electronics Co Ltd , as a prior patent infringement verdict was upheld but a t…
Japan finance minister Aso: Monetary policy alone can’t end deflation
TOKYO (Reuters) – Finance Minister Taro Aso said on Tuesday that monetary easing alone is not enough to end deflation and push up prices.
China releases guidelines for economic reform priorities in 2015
SHANGHAI (Reuters) – Chinese policymakers on Monday announced guidelines for reform priorities in 2015, ranging from streamlining administrative procedures to boosting the yuan’s global role, as Beijing steps up efforts to open up the country’s capital…
Argentine court bars Citibank from exiting custody of disputed bonds
BUENOS AIRES (Reuters) – An Argentine court on Monday ordered Citibank Argentina not to take any further steps toward quitting its role as custodian of some Argentine sovereign bonds while a row with U.S. creditors over unpaid debt rages on, the govern…
Icahn says ‘dramatically undervalued’ Apple should trade at $240
(Reuters) – Billionaire investor Carl Icahn said on Monday Apple Inc’s stock was “still dramatically undervalued” and that it should be trading at $240, nearly double its current price.
