Chinese internet heavyweight Tencent Holdings Ltd apologized on Monday for rewarding WeChat app users who sent a message with the English phrase "civil rights" with a screen full of fluttering U.S. flags.
Asia/Pacific
Asian shares buoyed by ECB easing hopes, euro soft
Asian shares held firm and the euro stayed under pressure on Wednesday as investors counted on the European Central Bank to unveil a stimulus drive, while the yen was subdued ahead of the Bank of Japan's policy announcement later in the Asian day.
Li Ka-shing's Cheung Kong Infrastructure plans $521 million share sale: IFR
Cheung Kong Infrastructure Holdings Ltd (CKI), backed by Asia's richest man Li Ka-shing, plans to raise up to $521 million in a Hong Kong share offering to fund its investment in Britain's Eversholt Rail, IFR reported late on Tuesday, citing a term sheet of the transaction.
Itochu, CP Group to invest $10 billion in China's Citic
Japanese trading house Itochu Corp and Thailand's Charoen Pokphand Group (CP) said on Tuesday that they plan to jointly invest $10 billion in Citic Ltd, part of China's oldest and biggest conglomerate.
Japan's Amari: want to hear BOJ's view on impact of falling oil prices
Japanese Economics Minister Akira Amari said on Tuesday he wants to hear what the Bank of Japan thinks about a sharp decline in oil prices and its impact on consumer prices, as the BOJ's 2 percent inflation goal becomes ever more difficult to reach.
Latest News
For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse. As crude prices slide, oil producers are slashing new project spending.
Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week.
China's Xiaomi Inc [XTC.UL] has agreed to buy about 3 percent of software firm Kingsoft Corp Ltd from Tencent Holdings Ltd for HK$527 million ($67.99 million), according to a Kingsoft filing on Monday.
Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday.
United Arab Emirates-based RAK Ceramics RKCE.AD, one of the world's biggest makers of floor and wall tiles, said on Sunday that it would sell its stake in a joint venture with U.S. firm Laticrete for an undisclosed sum.
China's economic growth may be as high as 7.3 percent this year, partly due to falling commodity prices, the official Xinhua news agency quoted an academic advisor to the central bank's monetary policy committee as saying on Saturday.
China's Alibaba Group Holding Ltd (BABA.N), the world's biggest e-commerce company, is piloting a mobile messaging app aimed at marrying social networking with business, an Alibaba spokeswoman said on Friday, as the company expands its enterprise services.
The People's Bank of China (PBOC) has stepped up its investments in Italy by buying 2 percent of power grid operator Terna, the latest in a series of such purchases in large Italian companies.
China announced fresh support measures on Friday for its slowing economy after data showed a worrying drop in bank lending and foreign investment growth falling to a two-year low.
