Latest Asia Business News
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Virgin recruits former Flight Centre Qantas manager
Virgin Australia has appointed the Flight Centre and Qantas senior sales and general manager, Judith Crompton, to the newly created role of chief commercial officer. Announced this week, Ms Crompton will be responsible for the carrier’s alliances, network, revenue management and sales covering its domestic and international network. Virgin Australia chief executive John Borghetti ...
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Cathay Pacifics Airbus A350 to get new first business class seats
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Finance minister bats for merger of PSBs
stating that some among the 26 state-owned lenders may be better off merging. "Some banks, including among 26 public sector banks that we have, may be better off merging," Chidambaram said in his inaugural lecture on the occasion of Annual Day of Competition Commission of India. "The need for two or three world-sized banks in an economy that is poised to become one among the five ...
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Ministries at war over price formula
Oil minister Veerappa Moily has ordered the setting up of a committee headed by Kirit Parikh to examine the export parity pricing formula that is being pushed by North Block to lower the Centre's subsidy ...
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RBI links inflation bonds to WPI may look at CPI later
Although inflation-indexed bonds prove beneficial during times of high inflation, they underperform when the economy goes through a deflationary ...
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White House says Obama to meet with Chinas Xi in California June 7-8
U.S. President Barack Obama listens while meeting with Myanmar's President Thein Sein in the Oval Office at the White House in Washington May 20, ...
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Softbank planning 400 billion yen bond sale - Nikkei
Mon May 20, 2013 2:50pm EDT (Reuters) - Softbank Corp (9984.T) is seeking to raise about 400 billion yen ($3.90 billion) through a sale of retail bonds to finance its bid for No.3 U.S. mobile phone carrier Sprint Nextel Corp (S.N), the Nikkei reported. The proceeds from the offering, which is expected to be launched as early as next month, will also be used for redeeming existing bonds, the ...
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Toyota to increase lithium-ion battery production for hybrids
Toyota Motor Corp. is planning to increase production of lithium-ion batteries by six times, as the automaker prepares to eventually use them in its flagship Prius gasoline-electric hybrid cars, the Nikkei business daily reported on Sunday. Currently, most of Toyota's hybrid vehicles use nickel-metal hydride batteries but the automaker is planning to make more cars with lithium-ion ...
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After Government Raid Jittery Future for Bitcoin
bitcoin exchange, traders and other people interested in the digital currency are looking nervously at the future. Bitcoins have always operated outside of the established financial system, so does the action by ...
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Gold hits 21-month low silver weakest in over 2 yrs
While gold dropped by Rs 330 to Rs 26,370 per 10 grams, matching its price on August 10, 2011, silver prices plunged by Rs 1,530 to Rs 42,170 per kg, a level last seen on November 26, ...
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Nissan Mitsubishi kick off joint minicar production
';I was stopped by two men in a government-registered vehicle, blindfolded and dragged off the street. They took me away to a house in a place I did not know. I was forced into a room with blood all over the walls and floor, ...
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Foreign investors may buy inflation-linked bonds RBI
Although inflation-indexed bonds prove beneficial during times of high inflation, they underperform when the economy goes through a deflationary ...
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Domestic pharma market may recover
pharma retail market has shown signs of recovery with a 9.7% growth in April this year, as against 5.6% in March 2013, according to data from AIOCD ...
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Oil ministry recommends gas price hike to $6.7
ONGC and OIL as well as private firms like Reliance Industries to $6.7, less than $8-8.5 hike previously expected. In a note for the Cabinet Committee on Economic Affairs (CCEA), the ministry has proposed ...
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Sensex snaps four-day winning streak
The BSE Sensex snapped a four-day winning streak on Monday, retreating from two-and-a-half-year highs as investors booked profits on rate-sensitive stocks such as ICICI ...
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UPI Thoroughbred Racing Roundup
There will be no Triple Crown winner again this year, but Orb's defeat in the Preakness Stakes does tee up an interesting summer of racing. Meanwhile, some other potential stars, including Last Gunfighter and Fiftyshadesofhay, emerged from the weekend of racing at Pimlico. Hong Kong horses ran off with both of Singapore's International Group 1 races, Farhh provided a bright spot for ...
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Korea Goes After Chinese Tourists as Yen Falls
WestnEast, a traditional Korean pancake house in the hip shopping area of Garosugil in Seoul, used to be big hit with Japanese tourists when it first opened four years ago, being featured in a famous Japanese travel magazine. But now the caf is feeling the pinch from dwindling Japanese customers. "Nearly 40 percent of our revenue used to come from Japanese customers, but that's dropped ...
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North Korea fires fifth missile in three days
North Korea fired another short-rangemissileinto the Sea of Japan on Monday, the latest in a series ofmissiledrills that have been condemned by South Korea and UN chief Ban ...
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Hang Seng rallies 1.7pc to close
(11 mins ago) Hong Kong shares finished 1.78 percent higher on Monday following a three-day weekend, reflecting a bullish mood on Wall Street which ended last week at another all-time high. The benchmark Hang Seng Index added 410.35 points to end at 23,493.03 on turnover of HK$69.06 billion, AFP reports. Chinese shares closed up 0.75 percent on Monday as investors hunted for bargains in ...
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HK Stocks to Double by End-2015 Morgan Stanley
Jonathan Garner, MD & Chief Asia and Emerging Market Equity Strategist, Morgan Stanley explains his bullish stance on the Hong Kong benchmark ...
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Silver dips to 31-month low
Silver futures on Monday tumbled 4 per cent to hit the lower circuit at Rs 40,912 per kg, the lowest level in 31 months, largely in tandem with a weakening trend overseas. At ...
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Rupee falls below 55 level against dollar
At a certain level, there can be no bigger act of cheating than of players who deliberately underperform for material gain for sport works entirely on ...
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Sensex gains 138 points in early trade
Members are registered users on Timesofindia.com. Only they are qualified to earn badges and points for their activities. So register and get a badge right ...
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Nikkei rallies at close
(27 mins ago) Stocks in Tokyo gained 1.47 percent as investors renewed their hopes for Tokyo's growth policy while strong US data and the weaker yen continued to encourage investors. The benchmark Nikkei 225 index soared 222.69 points to 15,360.81, the best close since December 2007. The Topix index of all first-section issues climbed 1.30 percent or 16.27 points to 1,269.51. ...
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Nikkei hits new 5 12-yr high on weak yen signs of improving economy
TOKYO, May 20 (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and as the Japanese government raised its assessment of the economy in May for the first time in two months. Signs of an improving U.S. economy and Wall Street's record closing high on Friday cemented the positive mood. The Nikkei climbed 1.5 percent to ...
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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