Latest Asia Business News
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Japans Gain Isnt South Koreas Pain
South Korea's economic problems aren't made in Japan. That isn't the way it looks in the two rival exporters' stock markets. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year. Part of that appears to have come at the expense ...
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MFs garner over Rs 70000 crore in FY13
mutual funds in 2012-13 after pulling out money money from such schemes in the preceding two years. Market participants believes that buoyant stock market and a slew of reform measures taken by the government as well as regulator Sebi (Securities and Exchange Board of India) have helped the investors to mobilise funds in mutual fund industry. As per the latest data available with Sebi, there was ...
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Rupee plunges to over 8-month low
Tim Cook’s congressional debut, following an appearance at Obama’s State of the Union address in Feb, shows the iPhone maker can no longer afford to keep the low profile in ...
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French shares decline tracking Nikkei loss
(31 mins ago) French share prices fell by 2.24 percent in initial trading on Thursday when confidence was hit by a fall of 7.32 percent on the Tokyo stock market. The Tokyo market had plunged in response to surprisingly weak figures for Chinese industrial activity, although sentiment had already been shaken by uncertainty over US monetary policy, AFP reports. The French CAC 40 index of ...
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Nikkei dives 7pc on profit taking
(1 hr 11 mins ago) Tokyo share prices plunged more than seven percent Thursday on record volumes as investors rushed to take profit following weak Chinese data and after months of climbing. The Nikkei 225 index at the Tokyo Stock Exchange closed down 7.32 percent, or 1,143.28 points, to 14,483.98, while the Topix index of all first-section issues was down 6.87 percent, or 87.69 points, at ...
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Nikkei falls over 7 | Sensex down over 300 pts | Live Blog
TOKYO: The Nikkei share average plunged 7.3 per cent on Thursday, its biggest one-day percentage drop in two years after weak Chinese factory data rattled investors, prompting them to take profits from a recent rally buoyed by massive Bank ...
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Euro Credit Nikkei caranage heralds volatile session
European credit markets are opening sharply lower on the back of an extremely volatile overnight session in Asia. As of 0645GMT according to Tradeweb, the iTraxx Main index is 4bp wider at 91.5bp having tightened to another new S19 and 3yr plus generic low of 87bp on the close yesterday. The Crossover index is 17bp wider at 386bp having traded down to the S19 low of 367bp last night, a level ...
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Seoul shares drop 1.2 pct Nikkei China PMI spark investor jitters
Thu May 23, 2013 3:28am EDT * Chinese PMI, Nikkei tumble spark investor worries * Telcos find favour as investors seek high-dividend issues * Crude oil, chemicals issues lead falls SEOUL, May 23 (Reuters) - South Korean shares dropped 1.2 percent on Thursday after a slide in Japanese stocks and weak Chinese factory data hit investor sentiment, with chemical makers and energy-linked shares ...
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Holden Toyota commit to Australia for now
The two car makers left standing following Ford's decision to get out have reaffirmed their commitment to Australia, for now at least.However the dominant view is that the Australian car manufacturing industry is dying, which is a grave worry for the automotive component suppliers that represent more employees than the big car makers.Ford posted a $141 million annual loss in Australia on ...
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Nikkei ends more than 7 down
Tokyo share prices plunged more than sevenper cent on Thursday on record volumes as investors rushed to take profit followingweak Chinese data and after months of ...
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Qantas Frequent Flyers to pay more for BA award flights
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Ranbaxy shares slump by 7
Last week, Ranbaxy pleaded guilty to felony charges related to drug safety and agreed to pay $500 million in civil and criminal fines under a settlement with the US Department of ...
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Sensex down 131 points in late morning deals
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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Bank of Japan moves after key bond yield spikes
Sources said the provision would not only badly hit Indian IT cos, but also disrupt operational capabilities of a large number of key US cos as ...
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Nikkei futures trade briefly halted cash Nikkei dives 6 pct
TOKYO | Thu May 23, 2013 1:48am EDT TOKYO May 23 (Reuters) - The Osaka Securities Exchange on Thursday briefly suspended trade in Nikkei futures due to a steep drop as investors took profits following a recent sharp rally, after weak Chinese factory activity rattled investors. The Nikkei share average slid as much as 6 percent to 14,682.05. The benchmark was last down 5.6 percent at ...
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Nikkei slumps 3.7 pct on weak China data 10-yr JGB prices turn higher
Reset TOKYO (May 23): Japan's Nikkei stock average tumbled 3.7 percent on Thursday, in a dramatic turnaround from a 5-1/2-year high hit in morning trade and was on track for its biggest daily drop in two years, as weak Chinese factory activity data rattled investors. The sharp turnover in the Japanese stock market prompted investors to seek safety in government bonds, with the ...
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Rupee at new 6-month low
The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ...
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Sensex extends losses down by 85 pts
sensex today fell for the fourth consecutive day by losing nearly 85 points in early trade due to sustained selling by funds amid a weak trend in other Asian markets. The 30-share barometer, which had lost nearly 224 points in the previous three sessions fell further by 84.54 points, or 0.42 per cent, to 19,977.70. Stocks of capital goods, realty and power sectors were major losers, pulling down ...
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Singapore Economy Posts Surprising Expansion
Singapore on Thursday reported a surprise expansion in its economy in the first quarter, helped by a surge in financial services as trading in stocks and foreign exchange soared. The Southeast Asian city-state, whose economy is heavily dependent on trade, manufacturing and financial services, said gross domestic product expanded 1.8 percent in January-March on a quarter-on-quarter, seasonally ...
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Japanese Investors Sell Foreign Bonds
Japanese investors sold 804.4 billion yen ($7.8 billion) worth of foreign bonds last week after three straight weeks of net buying, as they took advantage of the soft yen to repatriate overseas ...
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Hackers Find China Is Land of Opportunity
Name a target anywhere in China, an official at a state-owned company boasted recently, and his crack staff will break into that person's computer, download the contents of the hard drive, record the keystrokes and monitor cellphone communications, too. Pitches like that, from a salesman for Nanjing Xhunter Software, were not uncommon at a crowded trade show this month that brought together ...
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Cathay Pacific adds fifth daily Hong Kong-London flight
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China Gives Economic Lifeline to Spain
With an unemployment rate of 22.8percent, the euro zone's highest, Spain appears to be spiraling back into recession. Yet the Cobo Calleja industrial park 15 miles south of central Madrid shows few signs of economic distress. A manager's Mercedes must be moved to make way for an incoming truck. Forklifts and workers pushing metal carts swerve to avoid each other as they rush to deliver ...
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Nikkei slumps in afternoon trade
(8 mins ago) Tokyo shares plunged more than three percent in early Thursday afternoon trade as investors sold positions on weak Chinese data to lock in profits on recent rapid gains. The Nikkei 225 index at the Tokyo Stock Exchange lost 3.20 percent or 500.04 points to 15,127.22 at one point before narrowing its loss to 2.15 percent by 0400 GMT, AFP reports. The plunge came after HSBC said ...
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Hang Seng slides by break
(8 mins ago) Hong Kong stocks were down 1.64 percent by the break on Thursday after Wall street fell on signs the US Federal Reserve could soon start tapering off its massive stimulus measures. The benchmark Hang Seng Index fell 381.34 points to 22,879.74 on turnover of HK$37.42 billion, AFP ...
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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