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Toshiba to sell part of its chip operations: sources

Japan's Toshiba Corp plans to sell part of its chip business as it aims to recover from a $1.3 billion accounting scandal, three people familiar with the matter told Reuters on Saturday. The electronics conglomerate has started accepting bids, with

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Toshiba to sell part of its chip operations: sources

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IMF’s Lagarde says markets need clarity on China currency

Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Asked at a…

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IMF’s Lagarde says markets need clarity on China currency

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Oil plunges below $29 on prospects of more Iranian crude, China worries

World oil prices slumped more than 6 percent to below $29 a barrel on Friday, as a further fall in the Chinese stock market and the prospect of an imminent rise in Iran's crude exports deepened fears of a longer supply glut. The slump was not over yet, some analysts warned, as the lifting of sanctions on Iran opens the door to a wave of new oil. …

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Oil plunges below $29 on prospects of more Iranian crude, China worries

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Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion

Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin said he plans to package Legendary, behind hits like “Jurassic World”, with existing movie production assets in China and sell shares in the…

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Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion

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Alibaba names new head of anti-counterfeiting, IP unit

(Reuters) – Alibaba Group Holding Ltd appointed Matthew Bassiur as head global intellectual property enforcement to oversee the company's anti-counterfeiting and intellectual property rights protection efforts. The appointment comes days after the Chinese e-commerce giant avoided being named on a U.S. blacklist for sites hosting the sale of fake goods. Alibaba's Taobao Marketplace and Alibaba.com were both previously on the piracy blacklist, which highlights markets

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Alibaba names new head of anti-counterfeiting, IP unit

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Alibaba’s Singles’ Day sales surge 60 percent to $14.3 billion

By Paul Carsten BEIJING (Reuters) – Alibaba Group Holding Ltd's total value of goods transacted during its Singles' Day shopping festival was 91.2 billion yuan ($14.32 billion), the Chinese e-commerce giant said in Beijing on Thursday. The results are preliminary and unaudited, Alibaba said. Six years ago, Alibaba turned Nov. 11 into China's equivalent of United

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Alibaba’s Singles’ Day sales surge 60 percent to $14.3 billion

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