As competition in China's fast food industry stiffens, McDonald's is localizing its menu with local favorites like pork bites and soy milk. CNBC's Eunice Yoon reports.» Read More
TOKYO, March 17- The yen began the week at the top of its recent range on Monday as global markets were on egde after Crimean citizens voted to be annexed by Russia, prompting risk-wary investors to seek traditional safe-haven bets.
TOKYO, March 17- Asian shares got off to a shaky start on Monday after citizens of Crimea overwhelmingly voted to break with Ukraine to join Russia, prompting the U.S. and the European Union to issue fresh warnings of imminent sanctions against Moscow.
*China widens yuan trading band, adds risk to market. SHANGHAI, March 17- The Chinese central bank's decision to relax its grip on the yuan has been welcomed as a sign of financial liberalisation, but it is aggravating concerns among foreign executives and investors about their exposure to China in the near term.
*Tencent, JD.com tie-up sharpens e-commerce challenge. SHANGHAI, March 17- Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.
*China in focus after alarming markets with bond default. *Sanctions on Russia could hurt the West as well. Federal Reserve meeting and Western sanctions on Russia will give financial markets plenty of pause for thought in the week to come but it could be China that sets the economic weather.
*Alibaba listing is the most anticipated deal since Facebook's IPO in 2012.
*Alibaba's US IPO move could be a blow to Hong Kong stock exchange. Alibaba's planned U.S. listing is the most anticipated IPO since Facebook Inc raised $16 billion in 2012. Alibaba's decision to go to the United States is a blow to the Hong Kong stock exchange, which was initially the company's preferred venue for the IPO.
India on Sunday put on hold its search for missing Malaysia Airlines flight MH370, at the request of the government in Kuala Lumpur.
PORT BLAIR, India, March 16- India on Sunday put on hold its search for missing Malaysia Airlines flight MH370, at the request of the government in Kuala Lumpur, which wants to reassess the week-old hunt for the Boeing 777 that is suspected of being deliberately flown off course.
SHANGHAI, March 16- Japan's Nikon Corp has moved to allay consumer fears in China after being criticised on a closely watched consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in aftersales service.
The Malaysian government made many errors that have compounded the vast and technologically complex task of finding Malaysia Airlines flight MH370.
Ukraine's military on Saturday claimed it had repelled the first Russian military incursion on to mainland territory.
SHANGHAI, March 15- China's central bank loosened its grip on the yuan on Saturday by doubling the daily trading range for the currency, adding teeth to a promise it would allow market forces to play a greater role in the economy and its markets.
*Last widening occurred in April 2012. SHANGHAI, March 15- China's central bank doubled the daily trading band for the yuan on Saturday, underscoring efforts to add more volatility and risk to the currency to make it more responsive to market forces.
SHANGHAI, March 15- China's central bank widened the daily trading band for the yuan on Saturday, underscoring efforts to add more volatility and risk to the currency to make it more responsive to market forces.
HONG KONG, March 15- China's e-commerce giant Alibaba Group Holding Ltd is planning a U.S. Alibaba does not want to miss the technology boom, which has boosted valuations of Internet companies both in the United States and in Hong Kong.
SAN FRANCISCO, March 14- Twitter- like messaging service Weibo Corp filed on Friday to raise $500 million via a U.S. initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations.
The Chinese Internet industry is coming of age, as some of its biggest players prepare to start new chapters as publicly traded companies in the US.
Treasury Secretary Jacob Lew will meet Brazilian Finance Minister Guido Mantega and Brazilian Central Bank Governor Alexandre Tombini. LONDON- Bank of England Deputy Governor for Financial Stability John Cunliffe will take part in a conference at Chatham House titled "New Rules on Market Structure, Trading and Funding"- 0930 GMT.
How to play geopolitical uncertainties, with John Rutledge, Safanad chief investment strategist; Abigail Doolittle, Peak Theories; and Zane Brown, Lord Abbett.