European shares hit five and a half year high, dollar gains
LONDON (Reuters) – European shares hit fresh 5-1/2 year highs on Tuesday, tracking Asian shares higher as Chinese money rates eased, while the dollar got a boost from a report the Federal Reserve would again trim its bond buying next week.
Lenovo restarts talks to buy IBM server unit: source
NEW YORK/HONG KONG (Reuters) – China’s Lenovo Group Ltd has resumed talks to buy International Business Machines Corp’s (IBM) low-end server unit, a source familiar with the matter said, a purchase that would bolster its efforts to diversify beyond a s…
South Koreans seethe, sue as credit card details swiped
SEOUL (Reuters) – The theft of personal information from more than 100 million South Korean credit cards and accounts, reportedly including those of President Park Geun-hye and UN chief Ban Ki-moon, has ignited a storm of anger and litigation against c…
Japan’s ANA pulls “big nose” TV ad after online furor
TOKYO (Reuters) – Japan’s largest carrier All Nippon Airways said on Tuesday it was pulling a TV advertisement featuring a Japanese actor in a large false nose and blonde wig after it was criticized online for having racist overtones.
London court agrees to extradite bankers to Lithuania
VILNIUS (Reuters) – A Russian banker and his Lithuanian business partner can be extradited from Britain to Lithuania in connection with the collapse of the Baltic country’s fifth-largest bank, a London court ruled on Monday.
KKR’s Korean brewery win fuelled by hot soup and soju sessions
SEOUL/HONG KONG (Reuters) – A story Oriental Brewery boss Chang In-soo often tells about his days as a soju salesman is how he and two clients once worked through 29 bottles of the traditional Korean rice liquor at a single sitting. He feels bad, he sa…
Former JP Morgan executive was questioned by FBI: Bloomberg
NEW YORK (Reuters) – A former JPMorgan Chase & Co executive who ran the banks operations in Asia was questioned by FBI agents late last year about a bribery probe related to the bank’s hiring practices, Bloomberg reported on Monday, citing a person briefed on the matter.
Toyota may rethink Thai investment plans if crisis lingers
BANGKOK (Reuters) – Toyota Motor Corp may reconsider investing up to 20 billion baht ($609 million) in Thailand, and could even cut production, if political unrest drags on, the head of the Japanese automaker’s local unit said on Monday.
NZ dollar surges; Asia eyes China money markets
SYDNEY (Reuters) – Asian markets got off to a subdued start on Tuesday amid a dearth of major data, with the only action being a spike in the New Zealand dollar on talk interest rates could rise there as early as next week.
Peugeot moves closer to Dongfeng deal as sales sag
PARIS/LONDON (Reuters) – French carmaker PSA Peugeot Citroen has taken a decisive step towards a tie-up with China’s Dongfeng Motor Co. as the board approved the outlines of a contentious survival plan that divided the founding Peugeot family.
