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  • *Osamu Suzuki to remain CEO, chairman. TOKYO, June 30- Suzuki Motor Corp's 85- year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 percent. Suzuki Motor on Tuesday also laid out financial targets under a...

  • TOKYO, June 30- General Electric Co is close to selling its European private equity financing unit to Japan's Sumitomo Mitsui Banking Corp for more than $2 billion, a person with direct knowledge of the matter said, as the U.S. industrial conglomerate sheds its financial assets amid a restructuring. This makes the deal attractive to the core banking unit of...

  • *Accounting changes to increase 2014 loss to 1.745 bln riyals. DUBAI, June 28- Saudi Arabia's Etihad Etisalat will book further losses for 2014 after a regulator-led investigation into accounting errors at the company, it said in a statement on Sunday. The Capital Market Authority launched an investigation into the firm last November after Mobily, 28 percent...

  • Hong Kong- based China Labor Bulletin has reported 1,379 workers' strikes in China in 2014, up from 656 the previous year, as China's economy slows down and workers have become more aware of their legal rights. Officials at Lever Style Limited, which manages Artigas, have refused to comment, while Uniqlo Co., Ltd. has issued a statement urging for a peaceful...

  • *Hong Kong regulator declines to comment. HONG KONG, June 22- The two biggest shareholders in China Aircraft Leasing Group Holding Ltd said on Monday they had no plans to cut their stake in the firm after it revealed it was unable to contact its founder and chief executive, who resigned without explanation. State-backed financial conglomerate China Everbright...

  • HONG KONG, June 22- Shares of China Aircraft Leasing Group Holding Ltd rose early on Monday after falling by about a fifth in the previous session when the company said it was unable to contact its chief executive, who resigned without explanation. China Aircraft Leasing Group is partly owned by a subsidiary of state-backed financial conglomerate China...

  • DUBAI, June 15- Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-making, sources say, in response to a drop in oil prices that has crimped available funds as competition for assets grows. The sources, who all either work in Qatar or for...

  • LONDON, June 15- Britain's Thomas Cook, the world's oldest tour operator brand, has joined forces with Fosun International in China to tap into the booming travel market there. Thomas Cook said it was setting up a joint venture with Fosun, which owns 5 percent of the British firm, to better compete in a rapidly growing market in China for travel, both domestic and...

  • Japan Inc faces stormy AGMs in governance shake-up Sunday, 14 Jun 2015 | 5:00 PM ET

    TOKYO, June 15- Japan's normally sleepy shareholder meetings are set for a shake-up this year as a new corporate governance code encourages disgruntled investors to speak out and forces companies to take demands for better returns more seriously. "The weight of any opposition vote is now heavier," said Nomura Securities analyst Kengo Nishiyama, who...

  • BEIJING, June 11- U.S. chipmaker Qualcomm Inc said it has appointed old-hand Frank Meng as its chairman for China, a market which accounts for half of the company's overall revenues but where it has hit rough patches in recent times. Qualcomm also said Wang Xiang would leave his role as president of Greater China. Qualcomm's shakeup comes after a long stretch of...

  • Tim Cook received complaints on Apple's bag check policy Wednesday, 10 Jun 2015 | 10:26 PM ET

    SAN FRANCISCO, June 10- At least two Apple Inc retail store workers complained directly to Chief Executive Tim Cook that the company's policy of checking retail employees' bags as a security precaution was embarrassing and demeaning, according to a court filing made public on Wednesday. The lawsuit, filed in U.S. District Court for the Northern District of...

  • China's economy to pick up in second half: PBOC Wednesday, 10 Jun 2015 | 5:10 AM ET

    Economists at the People's Bank of China said they had cut their 2015 inflation forecast for China to 1.4 percent, from an initial 2.2 percent.

  • BEIJING, June 10- European companies are growing more pessimistic as China's economy slows, a European business lobby said on Wednesday, with many firms preparing for lay-offs in the face of weaker economic growth and slow market reforms. The European Union Chamber of Commerce in China said its annual survey of members showed 39 percent of 541 respondents were...

  • WASHINGTON, May 29- The U.S. Federal Trade Commission filed a lawsuit on Friday aimed at stopping the $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc, according to the agency, which enforces antitrust law. Synergy Health and Steris, both of which provide contract sterilization...

  • HONG KONG, May 28- China this week pushed ahead efforts to link its domestic markets with global peers by launching a joint venture in Germany to provide a wide range of yuan-denominated products to European investors. Deutsche Boerse agreed to set up a venture with the Shanghai Stock Exchange and China Financial Future Exchange to develop Chinese shares and...

  • SHANGHAI, May 21- China's main stock indexes hit seven-year closing highs on Thursday despite a weak factory activity survey, and intense buying pushed Shenzhen's start-up board ChiNext up more than 3 percent to another record. Chinese factory activity contracted for the third month in May and output shrank at the fastest rate in just over a year, HSBC's China...

  • SHANGHAI/ HONG KONG, May 20- Russell Investment Management and China's Ping An Insurance Group said they have terminated their investment joint venture after four years, the latest sign of friction between foreign fund managers and their Chinese partners. "Going forward, Russell Investments and Ping An Group have mutually agreed to change the ownership...

  • SHANGHAI/ HONG KONG, May 19- After four years of partnership, Russell Investment Management and China's Ping An Insurance Group have terminated their investment joint venture, sources with direct knowledge of the situation told Reuters, the latest sign of friction between foreign fund managers and their Chinese partners. Under the agreement, Chinese...

  • *Kering suit says Alibaba a conduit for counterfeiters. Executive Chairman Jack Ma was speaking after Gucci, Yves Saint Laurent and other brands owned by Kering sued Alibaba in the United States on Friday, accusing it of knowingly making it possible for counterfeiters to sell their products throughout the world. Apple Chief Executive Tim Cook was quoted by...

  • *Hyundai already has two plants in India, Kia has none. *Hyundai Motor is second-biggest automaker in India. After meeting Indian Prime Minister Narendra Modi in Seoul, the group's chairman, Chung Mong- koo, told reporters that a new plant in India was under review, according to a Hyundai spokesman.