Daum Kakao to Buy Path's Social Media Services 

Daum Kakao Corp., maker of South Korea's popular chat app KakaoTalk, said Friday that it would buy the social media services of San Francisco-based Path Inc., marking Daum Kakao's boldest move to expand beyond a home market where its dominance has allowed it to branch out into myriad services. (published 0211 GMT)

 
 
Moody's Upgrades Four Top U.S. Banks--Update 

Morgan Stanley received a long-awaited ratings upgrade from Moody's Investors Service, an endorsement of the firm's strategy shift and a move that could help the bank pick up new trading clients. (published 0138 GMT)

 
 
Sincere's Last FY Net Loss Widens to HK$122.6 Mln 

Department store operator Sincere Co.'s losses widened in the last fiscal year, as retail demand in Hong Kong weakened and operating costs rose. (published 0157 GMT)

 
 
CST Mining Group: Raising Up to HK$540 Million Via Share Placement 

CST Mining Group Ltd. a miner of copper and other mineral resources, said Friday it is raising up to HK$540 million from a share placement to fund potential investments and for general working capital. (published 0138 GMT)