Business

A rare sale of a stake in Alibaba Group Holding (IPO-ALIB.N) values China's dominant e-commerce company at around $128 billion, Reuters calculations show. Alibaba is expected to go public later this year in the world's biggest listing since Facebook Inc's...

Microsoft Corp denied on Wednesday it was omitting websites from its Bing search engine results for users outside China after a Chinese rights group said the U.S. firm was censoring material the government deems politically sensitive. GreatFire.org, a China-based freedom...

Gold hit a three-month high and global shares edged higher on Tuesday as investors bet that the new head of the U.S. Federal Reserve would navigate through her first testimony to Congress without rocking the markets boat. Fed Chair Janet...

French cosmetics firm L'Oreal (OREP.PA) is buying 8 percent of its shares from Swiss food group Nestle (NESN.VX) for 6.5 billion euros ($9 billion), loosening their 40-year partnership and allowing both firms to boost earnings per share. However, Nestle said...

Airbus (AIR.PA) claimed bragging rights as the Asia-Pacific's dominant aircraft supplier on Tuesday, saying the region's fast growing economies and rising passenger demand will continue to drive demand over the next 20 years. The European planemaker said that in 2013,...

Barclays Plc (BARC.L) expects to axe up to 12,000 jobs this year to cut costs and counter falling income at its investment bank, where profits slumped last year. But it is also paying staff higher bonuses, risking a backlash from...

Indonesian flag carrier Garuda Indonesia (GIAA.JK) is developing a new hub in Bintan island, off Singapore, to augment its domestic network in one of the world's fastest-growing airline markets. Garuda is partnering Singapore-listed Gallant Venture Ltd (GLVT.SI) to build the...

Most Asian markets made guarded gains on Monday, encouraged that Wall Street was able to weather a seemingly disappointing U.S. jobs report, though there was more than enough event risk ahead to keep investors cautious. Crucially, the new head of...

Japan's Nissan Motor Co (7201.T) beat analyst estimates by reporting its steepest quarterly profit gain in three years as a weaker yen made its export business more profitable and as sales improved in China, its biggest market. Nissan, like compatriots...

Fiat Chrysler (FIA.MI) said on Monday that its Chrysler Group unit closed a deal to raise debt worth $5 billion to repay early an existing bond issued to healthcare trust VEBA. Fiat reiterated that the refinancing would reduce debt-servicing costs...