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Japan shares retreat after Yen surges as crude resumes losses

  Bloomberg Japan drove declines in Asian shares following Friday’s surge in the yen, while emerging-market currencies played catch-up as reduced bets on U.S. interest-rate increases weighed on the dollar. Oil swung to losses. Exporters led the Topix index down for the second time in three days as the yen, while pulling back somewhat, remained beyond 103 per dollar following ...

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Didi’s Uber China takeover to end battle between startups

  AFP Didi Chuxing, the dominant ride-hailing service in China, said it will acquire Uber Technologies Inc.’s operations in the country, ending a battle that cost the two companies billions as they competed for customers and drivers. Didi will buy Uber’s brand, business and data in the country, the Chinese company said in a statement. Uber Technologies and Uber China’s ...

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Australia’s Fairfax Media flags $760mn in writedowns

  AFP Leading Australian publisher Fairfax Media said it would post nearly Aus$1 billion in writedowns in the year to July, while it announced the creation of a new reporting segment for its lucrative online real estate division. Like its global peers, the group, which owns The Sydney Morning Herald and The Age newspapers, has had add to slash jobs ...

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