Latest Asia Business News
RSS-
Brent near two-week high
Chennai Brent crude futures steadied near a two-week high on Tuesday, holding around $105 per barrel as rising Middle East tensions offset concerns about moderating demand growth to keep prices in a tight range. Reports that Lebanese Hezbollah guerrillas were involved in fierce fighting for Syria's embattled president prompted alarm the civil war might spread to neighbouring oil producers, ...
-
Asia Markets Tokyo stocks lead Asia ahead of Bank of Japan meet
HONG KONG (MarketWatch) -- Japanese stocks rallied toward fresh multiyear highs to lead broad gains for Asian markets Wednesday, as indications that the Federal Reserve Bank wasn't close to slowing its asset purchases lifted investor ...
-
IASC approves Qantas Virgin allocations
The International Air Services Commission (IASC) has issued a range of determinations allowing and re-allocating capacity on a variety of routes. Qantas has been allocated 35 tonnes of freight capacity on the Papua New Guinea route and was re-allocated one dedicated cargo service per week on the Vietnam route. Qantas was also permitted a re-allocation of 2,301 seats on the China route. ...
More Asia Business News
RSS-
Is Sony Un-Japanese Enough to Change
Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value. Struggling electronics ...
-
Japan exports disappoint full benefits of weak yen yet to show
TOKYO (Reuters) - Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world's third-biggest economy as policymakers try to engineer a sustained ...
-
Japan stocks climb Mitsubishi Motors Sony jump
HONG KONG (MarketWatch) -- Japanese stocks extended gains early Wednesday, with exporters spurred after two Federal Reserve members suggested the central bank wasn't close to slowing monetary stimulus in the U.S. The Nikkei Stock ...
-
Nikkei scales 5-12-year high ahead of BOJ meeting Sony surges
* Sony jumps on report of assessing spin-off proposal * BOJ set to stand pat but may seek to ease bond market jitters By Dominic Lau TOKYO, May 22 (Reuters) - Japan's Nikkei average climbed to a 5-1/2-year high on Wednesday, ahead of the outcome of the Bank of Japan meeting, with Sony Corp surging on reports it is considering evaluating a proposal to spin off entertainment assets. The Nikkei ...
-
Toyota San Antonio Chamber Present STEM Project
Toyota Motor Manufacturing Texas is supporting the San Antonio Hispanic Chamber's CORE4 STEM project to the tune of $100,000, it was announced this week. Patricia Salas Pineda, group vice president, National Philanthropy and Toyota Motor Manufacturing North America Inc. made the presentation to Hispanic Chamber CEO Ramiro Cavazos and the chamber's chairman of the board, Alexander ...
-
Shangri-La marks Istanbul opening
To celebrate the opening of Shangri-La Hotels and Resorts’ new landmark hotel in the city of Istanbul, 2,000 lanterns were launched on the Bosphorus Strait. Located on the European side of the Bosphorus, the crossing point between two continents for centuries, Shangri-La Bosphorus, Istanbul is the second hotel in Europe for the Asian luxury hotel brand. More than 200 guests witnessed the ...
-
Vodafone to invest more if policy is stable
Vinod Rai achieved his goal of focusing on corruption - but by making wild exaggerations, killing the institutional integrity of the CAG and triggering policy ...
-
‘Foodgrain procurement policy needs review’
Vinod Rai achieved his goal of focusing on corruption - but by making wild exaggerations, killing the institutional integrity of the CAG and triggering policy ...
-
Chinese premier pushes for trade pact
Li Keqiang on Tuesday said that China was willing to launch talks for a regional trading arrangement with India, a statement seen as a fresh push for Beijing's attempt for a trade pact. Addressing business leaders at a conference organized by Ficci here, the premier said that ...
-
Japans Nikkei rises 0.3 in opening minutes
NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is at least 60-minutes delayed. All quotes are in local exchange ...
-
Prepping for the BOJ Nikkei
After rising to its highest level since 2008, the Nikkei traded sideways on Tuesday ahead oif the BOJ meeting tomorrow. The BOJ is not expected to alter policy after its enormous injection of stimulus at the April meeting. This makes BOJ Governor Kuroda's comments after the meeting at 0730 BST/ 0230 ET, even more important. Traders will be trying to gauge from Kuroda 1, the BOJ's view ...
-
Bank of Japan may seek to ease bond market jitters policy seen on hold
Reuters © Bank of Japan Governor Haruhiko Kuroda arrives at the G7 Finance Ministers meeting in Aylesbury, southern England May 10, 2013. REUTERS/Alastair ...
-
Sony to assess spin-off proposal for entertainment business Nikkei
(Reuters) - Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei ...
-
Government pours scorn on new round of US hacking accusations
China on Tuesday rejected allegations that its military hackers had resumed attacks on US companies and government agencies, branding such media reports as "irresponsible."It is neither professional nor responsible to make such reports, Chinese foreign ministry spokesman Hong Lei said on Tuesday, adding that cyber security is a global problem also threatening China.Although cyber ...
-
UK government plans to boost British fund industry
LONDON: Britain has launched a campaign to attract more investment fund money to the country, with plans for tax breaks, cutting red tape and marketing campaigns in Asia and the Americas. In speeches to fund management executives on Tuesday afternoon, Treasury ministers Sajid Javid and Greg Clark said they aim to reverse a weakening of the UK's dominance as a centre for the funds industry. ...
-
UPDATE 1-Denso execs to plead guilty to price fixing in Toyota case
Tue May 21, 2013 12:44pm EDT WASHINGTON May 21 (Reuters) - Two executives at Japan's Denso Corp have agreed to plead guilty to conspiring to fix prices of electronic auto parts sold to Toyota and will cooperate with an ongoing criminal investigation, the U.S. Justice Department said on Tuesday. The settlement is the latest in a wide-ranging investigation into price fixing for a variety of ...
-
Tech Mahindra Q4 net up 25 at Rs 377.24 crore
Tech Mahindra on Tuesday reported a 25 per cent increase in its consolidated net profit at Rs 377.24 crore for the quarter ended March 31, 2013. The company, part of the 15.9 billion ...
-
Sensex at 1-week low down 112 pts
on Tuesday slid by over 112 points to close at one-week low of 20,111.61, mainly due to profit booking in interest rate sensitive sectors including realty, auto and banking. ...
-
Toyota sustains hot streak sales up 33 from previous year
THE TOYOTA Fleet of new models on display at the Clark Motor Speedway The streak continues for the country's No. 1 automotive firm. Toyota Motor Philippines (TMP) has recently posted a 33-percent increase in sales for the first four months of the year, compared to the same period last year. According to the latest Campi (Chamber of Automotive Manufacturer of the Philippines Inc.) report, ...
-
Gold hits 21-month low slide likely to continue
Bullion traders say the refining of these impure gold bars will be a new line of business in India and jewellers may also look at setting up refineries to ensure a steady supply of the ...
-
Qatar National Bank to start India operations in expansion push
Qatar National Bank, one of the most acquisitive Gulf Arab lenders, will start operations in India in the third quarter of this year, the bank said on Tuesday, expanding its reach to Asia's third-largest economy. The state-owned bank, which has a presence in nearly 25 countries, said it had received all regulatory approvals to establish a fully-owned subsidiary under the name of QNB India ...
-
Ceat Ltd Q4 net dips 66 pc
Coal is literally hot commodity, with most of the country's power and electricity dependent on what is also called 'black gold'. Around 66 per cent of India's power generation is coal ...
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
