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Excessive yen gains could affect inflation trend: BOJ

  Tokyo / Reuters Bank of Japan (BOJ) Governor Haruhiko Kuroda said inflation could be affected if the yen continued to rise excessively, leading to further easing measures to meet the central bank’s price target, the Wall Street Journal reported. Kuroda also told the paper that the BOJ was not targetting the exchange rate but that he would continue to ...

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China seeking takeover of $8bn Yum! brands unit

  Bloomberg China wants to get control of the most popular fast-food chain in the country. A consortium backed by sovereign fund China Investment Corp. has expressed interest in buying a majority stake in Yum! Brands Inc.’s China business, which runs more than 7,100 KFC and Pizza Hut eateries across the nation, people with knowledge of the matter said. The ...

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Malaysia Air CEO quits, turnaround challenges loom

  Bloomberg Malaysia Airlines Bhd. said Chief Executive Officer Christoph Mueller will leave the company before his term ends, posing a new challenge to turn around the carrier after two plane crashes in 2014 dented its sales and reputation. Mueller requested to step down before the end of his three-year contract for personal reasons, the carrier said in a statement. ...

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