Asia Business

Toyota’s top female exec resigns after Japan drug arrest

By Wed, Jul 01, 2015 5:44PM UTC

TOKYO (AP) — Toyota says Julie Hamp, who was arrested in Japan last month on suspicion of drug law violations, has resigned as managing officer. She was the most senior female executive ever at the Japanese automaker.

Governments sign pact to create Chinese-led Asian bank

By Mon, Jun 29, 2015 5:50PM UTC

BEIJING (AP) — Envoys of governments that plan to join a proposed Chinese-led regional bank have signed an agreement that outlines its management structure and voting stakes.

China cuts interest rates for 4th time in a year to boost economy

By Sat, Jun 27, 2015 8:06PM UTC

BEIJING (AP) — China’s central bank has announced the fourth recent round of interest cuts and lower reserve requirement ratios for small businesses, as Beijing tries to shore up the country’s sluggish economy. The People’s Bank of China said Saturday that it would cut the rate on a one-year loan

Alibaba joins US retailers, removes Confederate flag from listings

By Wed, Jun 24, 2015 7:41PM UTC

Chinese e-commerce giant Alibaba has joined major U.S. retailers such Amazon, Walmart and eBay in pulling Confederate flag products from its line-up after nine parishioners were gunned down at a church in Charleston, Carolina last week.

Philippines: Glencore sells share of Tampakan mine to Indophil Resources

By Wed, Jun 24, 2015 6:35PM UTC

GENERAL SANTOS CITY – Commodities trader Glencore Plc has reportedly agreed to sell its entire stake at Sagittarius Mines Inc (SMI) to Indophil Resources NL, which was acquired by Alsons Prime Investment Corporation for a yet-to-be-disclosed amount and acquisition terms.