Latest Asia Business News
RSS-
Stocks decline 297 points on profit-taking
The Karachi Stock Exchange (KSE) benchmark 100-index declined by 297 points to 21,919.63 points on Tuesday on profit-taking, dealers said. They added that foreigners, local institutions and retailers offloaded their positions. Arif Habib, chairman of Arif Habib Group, said that profit-taking was witnessed in the market during the last three sessions as the honeymoon period of elections and the ...
-
Karachi ports handle 192918 tons of cargo
The Karachi Port and Port Qasim handled a cargo volume of 192,918 tons during the last 24 hours that included 111,485 tons of imports and 81,433 tons of exports, the two ports reported on Tuesday. Accordingly, the Karachi Port handled imports, including containerised cargo (20,966 tons), bulk cargo (12,701 tons), DAP (8,007 tons), and oil / liquid cargo (36,547 tons). It handled exports, ...
-
Cotton spot rate increased
Karachi The Karachi Cotton Exchange (KCE) revised up its cotton spot (average) rate by Rs100 per maund (37.324 kilograms) to Rs6,500 per maund after the demand for the commodity continued to increase at the local markets, a dealer said on Tuesday. "The KCE increased its cotton spot rate after the demand for the commodity surged significantly," Taqi Abbas, a member of the Advisory ...
More Asia Business News
RSS-
Hang Seng dips at open
(2 mins ago) Stocks in Hong Kong fell 0.18 percent at the open as dealers await the outcome of a US Federal Reserve policy meeting for an idea of its plans for its vast stimulus scheme. The benchmark Hang Seng Index fell 37.48 points to 21,188.40 in the first few minutes of ...
-
GLOBAL MARKETS-Nikkei rallies others subdued as Fed looms
Tue Jun 18, 2013 9:02pm EDT * All eyes on Fed Chairman Ben Bernanke after FOMC meeting * Markets hoping for clarity on any pullback in Fed stimulus * Nikkei higher; Asian stocks and major currencies mark time By Ian Chua SYDNEY, June 19 (Reuters) - Japanese stocks started trade on Wednesday with a spring in their step thanks to a positive lead from Wall Street and a softer yen, but the rest of ...
-
Cathay Pacific to revamp first class BOSE headphones more personal space
" alt="Cathay Pacific to revamp first class: BOSE headphones, "more personal space"" style="position: absolute; top: 50%; left: 50%; margin-left: -233.5px; margin-top: -130px;" title="Cathay Pacific to revamp first class: BOSE headphones, "more personal space"" ...
-
GVK’s Australia coal project a quagmire Report
MUMBAI: Infrastructure firm GVK's $10-billion Alpha coalmine, port and rail project is uneconomical and represents an unacceptable level of risk to potential investors, says a report by the US-based Institute for Energy Economics and Financial Analysis (IEEFA). Titled 'Stranded: A financial analysis of GVK's proposed Alpha Coal Project in Australia's Galilee Basin', the ...
-
HC upholds withdrawal of SEZ tax exemptions
units and developers by the Finance Act, 2011. A bunch of companies having units in SEZs and SEZ developers such as MindTree, Biocon, Opto Circuits, Opto Infrastructure and Primal Projects, to name a few, had petitioned the Karnataka high court against the withdrawal of MAT and DDT exemption available to them earlier. The petitioners claimed that they had made heavy investments and established ...
-
PC prices to go up on fall in rupee
58, is leaving nothing untouched in its wake. It is especially true of the computer components in India, almost all of which are imported from manufacturing bases in countries like Taiwan. The complete dependence on importing components means that all vendors would be affected and an increase in the prices of laptops and desktops is expected. "The prices of all the PC components is going ...
-
India fourth biggest market for Sony with Rs 8000 crore sales
That’s how many engineers graduate in India every year. And they have never found it so hard to land a job. Some blame the slack job market, others point to poor quality of colleges and ...
-
Vodafone slashes 2G data charges by 80
MUMBAI: In an attempt to push mobile internet usage among its subscribers, Vodafone India said it has cut its 2G data charges by 80% in three circles and the reduced rates will be gradually rolled out nationally. The telecom operator has reduced charges from 10 paise per 10KB to 2 paise per 10KB in Karnataka, UP ...
-
Big investors look to log into Indian e-commerce
BANGALORE: A new set of marquee investors are debuting in India's burgeoning consumer internet market. Bulge bracket names such as Canadian Pension Plan Investment Board ( ...
-
LG hikes prices as Re fall raises costs
Even though the emails were never sent, govt prosecutors argue that they help establish a pattern of Apple serving as a "ringleader" in a conspiracy with the publishers to force the retail book industry to adopt higher prices of ...
-
Panel seeks major easing of FDI limits
NEW DELHI: A government-appointed panel on Tuesday recommended major liberalization of overseas investment rules, including an increase in the foreign direct investment (FDI) ceilings for politically-sensitive sectors such as defence production, insurance, pension and multi-brand retail. The committee headed by economic affairs secretary Arvind Mayaram, which submitted its report to finance ...
-
FIIs pull out $4.6 billion from debt in 1 month
Late last month, the Planning Commission gave its nod to four-lane the 95-km stretch on NH-82 that connects Gaya, Rajgir, Nalanda and Biharsharif, at a cost of 1,500 ...
-
Nikkei rises to one-week high as Fed hopes support sentiment
TOKYO, June 19 (Reuters) - Japan's Nikkei share average rose to a one-week high on Wednesday, helped by a second-straight day of gains on Wall Street as investors bet that the Federal Reserve would temper worries about an imminent roll back of its stimulus programme. The Nikkei rose 2.0 percent to 13,265.53, while the Topix gained 2.1 percent to ...
-
Goldman Bets on Cheapest Asia Market After China
Asia's emerging markets have been among the worst hit amid the recent rout in global stocks, but Goldman Sachs advocates accumulating South Korean equities now, on the basis that the market will fare well in a rising rate environment. "In a rising rate environment...more cyclical markets like Korea may benefit given their higher sensitivity to global growth than rates," ...
-
Will the Trade Data Boost Abenomics
Japan's economic outlook could get a boost on Wednesday, with data expected to show a rise in exports and a pick-up in domestic consumption that could offer Japan's radical economic policies a respite after the bad press they have received recently amid a heavy sell-off in stocks. Economists told CNBC that they expected Japan's trade deficit to widen in May, adding that they ...
-
In China Blackmail Is the Name of the Game
How to Succeed Through Blackmail ) The extortion boom comes at a time when many Communist Party members are begrudgingly enduring a government austerity campaign, pushed by President Xi Jinping himself, that has denied them the expensive, taxpayer-financed banquets and chauffeured sedans once considered the birthright of Chinese officialdom. More than 2,000 officials have been investigated and ...
-
NTPC CIL settle coal quality row
That’s how many engineers graduate in India every year. And they have never found it so hard to land a job. Some blame the slack job market, others point to poor quality of colleges and ...
-
Nikkei expected to rise on Fed hopes weak yen
TOKYO, June 19 (Reuters) - Japan's Nikkei share average is expected to rise to a one-week high on Wednesday, helped by a second-straight day of gains on Wall Street as investors bet that the Federal Reserve would temper worries about an imminent roll back of its stimulus programme. Market players said the Nikkei was likely to trade between 13,000 to 13,350 on Wednesday, after dropping 0.2 ...
-
Japan Airlines SKY SUITE named Best Business Class Airline Seat
JAL SKY SUITE was today named "Best Business Class Airline Seat" globally, based on the world's largest airline passenger satisfaction survey conducted by SKYTRAX. Japan Airlines (JAL) received the top honor for its new fully-flat Business Class seat at SKYTRAX's 2013 World Airline Awards held at Paris Air Show. JAL is the first Japanese airline to win the Best Business ...
-
Toshiba to cut TV business costs by $104 million this fiscal year - Nikkei
(Reuters) - Japan's Toshiba Corp plans to cut about 10 billion yen (66.4 million pounds) in costs this fiscal year by reorganizing its network of television factories in Indonesia, China and Poland, the Nikkei said, citing company sources.Toshiba wants to make its TV operations profitable this year by overhauling its global production network and raising prices after the business lost ...
-
Toyota to expand academies for young children
FRANKFORT, Ky. - Toyota says it will expand an early childhood learning initiative into 12 more schools around the state in the coming school year.Media reported that Toyota Motor Manufacturing Kentucky Inc., Toyota Motor Engineering & Manufacturing North America, Gov. Steve Beshear and the United Way of Kentucky, made the announcement Monday in Frankfort. In addition, the companies said ...
-
Panel for hiking FDI limits in defence retail telecom
Even though the emails were never sent, govt prosecutors argue that they help establish a pattern of Apple serving as a "ringleader" in a conspiracy with the publishers to force the retail book industry to adopt higher prices of ...
Taiwan Focus
-
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
News from around our Network
