Asia shares fall on China caution, yuan jumpy ahead of IMF decision

TOKYO Asian shares fell on Monday as Chinese stocks extended last week's sharp losses, while the yuan bounced in volatile trade hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies.

Recent Business News

Baby boon: mini-vans the next big thing as China eases one-child policy

GUANGZHOU, China Automakers are betting that Chinese families will embrace the mini-van, hoping the larger, unsexy sibling of the bestselling SUV will become the next big thing just as Beijing relaxes the one-child policy.

29 Nov 2015

Murdoch: Tribune papers likely to be sold, LA Times split off

Rupert Murdoch, co-chairman of Wall Street Journal publisher News Corp , on Friday said he had "strong word" that the Tribune Publishing Co's newspaper group will be bought by a Wall Street firm, while the Los Angeles Times will be split off and purchased by local investors including philanthropist Eli Broad.

Deals, Rupert Murdoch 27 Nov 2015

Exclusive: Lazard works with Sanofi on $12.7 billion animal health unit deal - sources

LONDON/NEW YORK/FRANKFURT Investment bank Lazard is working with Sanofi's management to prepare a sale or listing of its Merial animal health unit, aiming to land the leading advisory job for the deal, which could value the business at up 12 billion euros ($12.7 billion), sources familiar with the matter said.

27 Nov 2015

HSBC whistleblower Falciani sentenced to five years in prison

Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday.

Musk's Tesla faces German battle over battery-powered homes

FRANKFURT If Elon Musk's vision of millions of households producing all their own power becomes a reality, it will probably happen first in Germany. But he will face a battle for market share against local firms with years of experience in renewable energy.


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