Samsung Loses $12B in Market Value on Galaxy S4 Worries
The electronics maker was hit by concerns about sales of its flagship smartphone.
Wynn Shares Rally as Macau Sales Grow
Shares of Wynn Resorts climbed more than 4.5% on Friday as investors cheered strong Macau sales and analysts unleashed a slew of upbeat notes.
China Scoops Up Top Spot in Ice Cream Market
China replaces the U.S. as the world’s largest ice cream market.
Asia Boasts Most Newly-Minted Billionaires
Asia saw the wealth of its billionaires jump by 13% in 2013, making it the world’s fastest-growing region for the ultra rich.
General Motors to Cease Manufacturing in Australia by 2017
General Motors announced it will stop manufacturing in Australia by the end of 2017 due to the country's elevated currency and relatively small market.
GM to Move International HQ to Singapore
GM plans to move its international headquarters from Shanghai to Singapore, as the largest U.S. automaker shakes up its operations abroad.
Australia's Billabong Near $300M Buyout Deal
The Australian surfwear company will enter 10 days of exclusive talks with a consortium led by its former U.S. boss.
Report: J. Crew Buyout Talks With Japan's Fast Retailing Crumble
Japan’s Fast Retailing reportedly walked away from talks to buy private-equity owned J. Crew after buyout negotiations became public.
KKR Places $1.67B Bet on Japan in Deal for Panasonic Healthcare
Marking the private-equity giant’s ever investment in Japan, KKR unveiled a deal to acquire Panasonic Healthcare from Panasonic for $1.7 billion.
Struggling Sony to Shed TV, PC Units and Slash 5,000 Jobs
Sony Corp Chief Executive Offer Kazuo Hirai is seeking to cure a TV business that has lost $7.8 billion over a decade by isolating it to speed up decisions on future strategy.
GE Takes $1.7B Charge to Settle Japanese Debts
General Electric said it will record a $1.7 billion charge as it meets refund obligations related to the 2008 sale of its Japanese consumer loan business to Shinsei Bank.
Report: Sony Hires Bankers to Explore Loeb's Partial Spinoff Plan
Sony rallied on a report that it has hired investment bankers to review a hedge-fund plan to sell part of its entertainment unit.
Quake overwhelms Nepal's weak healthcare system; Death Toll 2,500 and rising
A massive earthquake in Nepal has exposed the woeful state of its medical facilities as hospitals struggle to treat vast numbers of injured with limited supplies and staff.
China Data Deluge on Tap This Weekend
The big media focus this weekend will be the historic two-day summit between U.S. President Barack Obama and China President Xi Jinping.
King Dollar’s Beat Down May Be Short-Lived
Gambling against the U.S. dollar could be a losing bet.
GE to Move Turbine Jobs to Europe, China Due to EXIM Bank Closure
General Electric Co said on Tuesday that it will move 500 U.S. power turbine manufacturing jobs to Europe and China because it can no longer access U.S. Export-Import Bank financing after Congress allowed the agency's charter to lapse in June.
BOJ Adopts Negative Rates in Ramped-Up Stimulus Campaign, Stuns Markets
The Bank of Japan ramped up its aggressive stimulus campaign on Friday, adding negative interest rates on central banks deposits to its massive asset-buying programme, stunning financial markets that expected no action or a moderate increase in asset purchases.
Real Cost of Typhoon Haiyan Will Take Years to Assess
Early calculations will likely put Super Typhoon Haiyan's economic toll far below those of storms in more affluent areas, but don't let numbers fool you.
Japan: No Need to Panic over Yen Spike
Top officials expressed concern about the violence of recent fluctuations with the Yen, but there are no overt worries about the level of the currency.
A Growing Yen for US Treasuries; How Japan Could Influence Global Markets in 2014
As we look for the big potential stories for 2014, Japan one again comes to the forefront.