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EU seeks details on Apple’s tax set-up

EU regulators have asked iPhone maker Apple for details of its recent tax structure following last year’s order to pay back taxes of up to €13 billion.

Amazon reviews site algorithms after bomb scare

Online retailer’s algorithm falls under scrutiny.

Wal-Mart boost JD.com stake

US retail giant increases its stake in Chinese e-commerce player, JD.com.

Woolworths accused of Masters “stitch up”

Woolworths ordered to produce documents sought by its US partner in the failed Masters hardware chain.

Aeon nears Indonesian debut

Japan’s Aeon is completing construction of its first shopping mall in Indonesia. Its Indonesia debut follows success in Malaysia and Thailand where it is building strong networks of hypermarkets, supermarkets and mini-markets, and a more recent foray into Vietnam where it has two shopping centres already trading in the south and a third under construction in Hanoi. Aeon Mall Sinarmas Land Indonesia, its local arm, is building Aeon Mall Bumi Serpong Damai (BSD) City which will have more t…

Asia drives Tiffany & Co holiday season

Tiffany & Co says its global sales fell one per cent in the recent holiday season, despite a strong performance in Asia. Total sales in the Asia-Pacific region on a constant-exchange-rate basis rose 10 per cent and comparable store sales increased six per cent, led by strong growth in China and Singapore. In US dollars, total sales increased seven per cent to $210 million. But in Japan, total sales on a constant-exchange-rate basis fell three per cent and comparable store sales by eigh…

China KFC sales recovering

Yum Brand beginning to see slight sales improvement following chicken supply controversy.

Sony posts record $6b loss

Nearly $6 billion in the red, Sony reports its fourth annual loss in a row.