Asian stocks extended a global rally on Friday after the European Central Bank launched a landmark bond-buying stimulus program that buoyed investors' risk appetite, drove bonds higher and kept the euro pinned near 11-year lows.
Asia/Pacific
Volkswagen to recall 80,000 Audis; 35,000 in China
German car maker Volkswagen AG (VOWG_p.DE) will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China.
New Saudi king seen holding line on OPEC policy to keep oil output high
Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom's long-serving oil minister.
Honda opts for Takata rival to supply Accord air bags - sources
Honda Motor Co (7267.T) has chosen a competitor of embattled Takata Corp (7312.T) to supply air bags for the next North American version of its Accord sedan, the automaker's best-selling vehicle, two people with knowledge of the decision said.
Oil jumps as Saudi king's death feeds market uncertainty
Oil prices jumped on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades
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Japan's financial regulators are set to investigate the financial soundness of banks' mortgage operations as a further decline in interest rates threatens to squeeze margins, sources familiar with the plan said this week.
South Korean smartphone maker LG Electronics Inc said on Thursday that it encountered no overheating problems with Qualcomm Inc's new Snapdragon processor that is powering a curved-screen device going on sale later this month.
Jollibee Foods Corp (JFC.PS), the Philippines' largest fast food company, said on Thursday it is keen to buy a U.S.-based fast food firm with a market value of at least $1 billion to advance a goal of boosting revenues from outside its home base.
China's biggest property conglomerate, Dalian Wanda Group Co, has bought 20 percent of Spanish soccer champions Atletico Madrid for 45 million euros ($52 million), becoming the first Mainland company to invest in a premier European club.
When Sri Lanka unexpectedly turfed out President Mahinda Rajapaksa in an election this month, it was the biggest setback in decades for China's expansion into South Asia - and a remarkable diplomatic victory for India.
Asian shares held near eight-week highs on Thursday as investors bet on the likely size and scope of a bond-buying program the European Central Bank is poised to unveil later in the day in an attempt to revive the flagging euro zone economy.
Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts said the outlook for the next six months remained bleak due to oversupply.
Hong Kong's Cheung Kong Infrastructure Holdings Ltd, backed by Li Ka-shing, Asia's richest man, has bought Britain's Eversholt Rail for an enterprise value of 2.5 billion pounds ($3.8 billion), the latest in a string of Asian buyers targeting European assets.
The Bank of Japan cut next fiscal year's inflation forecast on Wednesday and expanded a loan scheme aimed at boosting lending, acting to deflect criticism that it is sitting idly as slumping oil prices keep inflation well short of its target.
