Latest Asia Business News
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Labour reforms to top US team agenda on Bangladesh visit
DHAKA - A high level US delegation led by the State Department's Under Secretary for Political Affairs Wendy Sherman will visit Bangladesh this weekend to press for a major overhaul of labour safety regulations following the nation's deadliest industrial accident, an official said Wednesday. The collapse of a nine-storey factory complex housing several garment units outside the capital last ...
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Qantas Airlines To Offer In-Flight Books
Copyright © 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required. DAVID GREENE, HOST: And our last word in business on this Wednesday is: Mile High Book Club. LINDA WERTHEIMER, HOST: We're talking about an in-flight library offered by the Australian airline Qantas. GREENE: They will still have movies on the plane, that right, ...
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Sensex ends higher rises for third month
Mr Murthy , who was sacked by iGate on Tuesday, however, is entitled to a post termination benefit of $6,000 per month till he and his spouse reach the age of ...
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Just Dial IPO over-subscribed 11.63 times on last day
"I am mystified how Amartya Sen can attribute a precise number of child deaths to the absence of a policy that has not been in place for a single day," writes Swaminathan S Anklesaria ...
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AirAsia profit falls nearly 40 in 1st quarter
KUALA LUMPUR: AirAsia, Asia's largest low-cost carrier by fleet size, said Wednesday that first-quarter net profit fell 39 per cent year-on-year due to ...
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Premarket Bernanke in spotlight Nikkei hits fresh 5 12-year high
Stock markets aren't straying too far from unchanged this morning, as traders await an important appearance from Federal Reserve Chairman Ben Bernanke later today. U.S. stock futures are just slightly in positive territory, though European markets are a little in the red. In Asia overnight, Japanese equities were again outperforming most other markets, with the Nikkei rising 1.6 per cent to ...
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Sensex closes 49 points down
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Sensex falls for third day
"I am mystified how Amartya Sen can attribute a precise number of child deaths to the absence of a policy that has not been in place for a single day," writes Swaminathan S Anklesaria ...
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Private banks Game changers in Indian banking
CHENNAI: The entry of private banks with high efficiency operating models, deployment of integrated technology platforms, new risk paradigms and above all, the emergence of highly demanding customer segments have all contributed to transformation in the banking sphere, according to the recently released ICC-KPMG Banking report. "We believe that for India to achieve ...
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86 of Indian businesses want more tax guidance Thornton
NEW DELHI: Around 86 per cent of Indian businesses want more tax guidance from tax authorities on the issue of acceptable and unacceptable tax planning, even if it means paying more, says a study. According to Grant ...
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Bank of Japan not concerned about increase in bond yields
There were no major surprises in connection with today's Bank of Japan (BoJ) meeting and the market impact should be neutral. The expansion of the monetary base (now the main policy instrument) was maintained at JPY60- 70trn. In addition BoJ as expected upgraded its view of the economy and now believes that the economy has started to ...
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Local search engine Just Dial IPO fully subscribed
Just Dial was over-subscribed by 1.94 times on the last of issue on Wednesday. The Rs 950-crore IPO, the biggest issue so far this year, received bids for over 2.63 crore shares, against 1.35 crore shares on offer, data available on the NSE till 1300 hrs showed. The qualified institutional buyers (QIBs) category has been subscribed 89%, while non-institutional investors portion saw one% ...
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FM for plugging regulatory gaps in financial sector
P Chidambaram on Wednesday said there are regulatory gaps and efforts are being made to frame a new law to oversee financial sector. "The present arrangements have a number of gap areas, where no regulators are unambiguously in-charge, such as issue of regulatory oversight over diverse Ponzi schemes that we have discovered recently. These are cleverly designed to be out of the purview of ...
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Indias LT Q4 net profit falls 6.9 lags forecast
Larsen and Toubro Ltd (L&T) posted a worse-than-expected 6.9 percent fall in quarterly profit as interest costs jumped for India's biggest engineering and construction company. Net profit fell to 17.88 billion rupees for its fiscal fourth quarter ending March, from 19.2 billion rupees it reported a year earlier, said the company, whose interests span shipbuilding to railways to real ...
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Tech Mahindra shares surge nearly 8 post Q4 results
Tech Mahindra on Wednesday surged nearly 8% after the software exporter reported 24.7% jump in net profit for the fourth quarter ended March, 2013. After making a positive opening, shares of the company further jumped 7.70% to Rs 979.85 on the BSE. At NSE, the stock zoomed up by 7.64% to Rs ...
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OVL net up 44 to Rs 3929 crore
Oil and Natural Gas Corp , on Wednesday reported an over 44 per cent jump in net profit for 2012-13 fiscal on the back of higher gas production. Net profit in 2012-13 at Rs 3,929 crore was 44.4 per cent higher than Rs 2,721 crore in the previous fiscal, the company said in a ...
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Hang Seng Shanghai close lower
(1 min ago) Stocks in Hong Kong closed down 0.45 percent despite a strong lead from Wall Street, as dealers awaited testimony by US Federal Reserve chairman Ben Bernanke on the economic outlook. The benchmark Hang Seng Index lost 105.29 points to 23,261 on turnover of HK$52.41 billion. Trading began in the city todat at 1pm after a delay over a severe rainstorm warning. Stocks in Shanghai ...
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Weak Yen Wont Stop Our Push Outside Japan Lexus
Mark Templin, Executive Vice President at Lexus said the luxury carmaker doesn't run its global business based on fluctuations in exchange ...
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Consumer Apathy Throws Spotlight on RBA
On top of a slowdown in Australia's lucrative mining sector, consumer sentiment in the country appears to have deteriorated sharply, posing a challenge to the central bank which cut interest rates to a record low earlier this month. ...
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Sony Cuts Sales Target for Cameras Smartphones
Sony lowered its sales target for digital cameras to 1.3 trillion yen ($12.7 billion) for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen. Sony also cut its sales target for smartphones and tablets to 1.5 trillion yen in its 2014 fiscal year from an earlier outlook of 1.8 trillion yen. ...
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Nikkei climbs 1.6 pct to 5-12-yr high on BOJ optimism Sony surges
Reset TOKYO (May 22): The Nikkei average climbed 1.6 percent to a fresh 5-1/2-year high on Wednesday, spurred on by the Bank of Japan's optimism about the economic outlook, while Sony Corp surged on reports it may consider a proposal to spin off its entertainment assets. Earlier in the day, the Bank of Japan kept policy steady as widely expected, and upgraded its assessment of the ...
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Rupee snaps initial gain down 4 paise
Louis Vuitton is losing ground as the world’s most valuable luxury brand as competitors including Gucci and Prada gain, a new research report ...
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Nikkei closes on a high
(37 mins ago) Stocks in Tokyo climbed 1.60 percent to close at their highest level in more than five years with investor appetite unabated on a weak yen and record-setting levels on Wall Street. The benchmark Nikkei 225 index gained 246.24 points to 15,627.26, the best finish since late December 2007, while the Topix index of all first-section issues was up 0.44 percent, or 5.64 points, at ...
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Hang Seng positive after delayed start
(29 mins ago) Stocks in Hong Kong opened up 0.18 percent after the start of trading was delayed by a severe rainstorm warning, and following a strong lead from the US and Europe. The benchmark Hang Seng Index rose 41.03 points to 23,407.4 in the first minutes of trade, with the market awaiting testimony to Congress from US Federal Reserve chief Ben Bernanke later in the ...
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Union takes Qantas concerns to airport
QANTAS is underpaying flight staff and importing human rights violations, the Transport Workers' Union (TWU) says. Shouting slogans that included "What's outrageous? Unsafe wages" and "Human rights on every flight", about 60 TWU members converged on Darwin International Airport on Wednesday. The union is holding its annual council meeting in Darwin this week and the ...
Taiwan Focus
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Taiwan investing in biotech sector
Taiwan’s economy has seen massive growth in the last few decades, but one industry has been in decline and a development project by the Academia Sinica is expected to reverse that decline, once environmental issues have been cleared up.
Taiwan is one of the Four Asian Tigers; this little island off the coast of mainland China has experienced rapid development in just a few decades and has become a major hub of manufacturing, high-tech industry, shipping and tourism. Read more
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