Business » Asia

Saturday, 20 June 2015

Toyota in damage control mode after American exec arrested

2015-06-20 TOYOTA Motor Corp moved into damage control mode on Friday after its new communications chief Julie Hamp, an American and its first senior woman executive, was arrested on suspicion of illegally bringing pain-killers into Japan just two months...

Friday, 19 June 2015

China’s FDI up 7.8% in May: Ministry

2015-06-19 GROWTH in foreign investment in China slowed to 7.8 per cent in May, the commerce ministry said on Thursday, but outward investment surged almost 50 per cent in the first five months of the year.Foreign direct investment (FDI), which excludes...

Asia markets mostly lower

2015-06-19     ASIAN markets mostly headed lower on Thursday and the dollar retreated after the Federal Reserve said any rises in US interest rates would be slow. The losses come despite another advance on Wall Street, while investors are keeping track of...

Thursday, 18 June 2015

HK makes big strides as arts auction hub

2015-06-18 GLOBAL banks and life-insurance groups are setting their sights on Hong Kong’s wealth-management business to cash in on the growing ranks of the rich.Zurich-based wealth-management giant UBS is leading the charge, erecting a huge billboard in the...

Japan trade gap narrows

2015-06-18 JAPAN posted a US$1.75 billion trade deficit in May, a dramatic fall from a year earlier due to a drop in energy imports, but still not enough to offset lacklustre shipments overseas, official data showed yesterday.The gap between imports and...

Asian cities half of top ten costliest expat destinations: survey

2015-06-18 ASIA has become one of the most expensive regions for people working abroad, according to a new survey, with its major cities accounting for half of the top 10 costliest expat destinations.Hong Kong climbed one place from last year to become the...

Apple loses Taiwan anti-competitive practises court case

2015-06-18 APPLE Inc has lost a lawsuit in which it was accused of engaging in anti-competitive practices and will be fined T$20 million (US$647,124), a Taiwan court said yesterday.The island’s Fair Trade Commission had previously levied the fine against the...

Toyota defends controversial new share sale

2015-06-18 TOYOTA yesterday defended a controversial new share sale that critics, led by overseas institutional investors, derided as a bid to tame shareholder activism.The world’s biggest automaker said 75 per cent of shareholders voted in favour of the plan...

Economists trim S’pore 2015 growth

2015-06-18 ECONOMISTS have slightly lowered their forecasts for Singapore’s 2015 growth and headline inflation compared with three months ago, a central bank survey showed yesterday.The median forecast of 23 economists surveyed by the Monetary Authority of...

AirAsia shares tumble as investors snub CEO talk on raising cash

2015-06-18 AIRASIA Bhd’s shares skidded as much as 13 per cent early yesterday as investors spooked by a report questioning the Malaysian budget carrier’s accounting remained unconvinced by Chief Executive Tony Fernandes’ (pic) confidence that his firm can...

Wednesday, 17 June 2015

Australian dollar weakens

2015-06-17 THE weakening Australian dollar is set to hit parity with the Singapore dollar over the next six or 12 months, according to experts at a top bank in Australia.That is a big fall from its strongest level of 1.34 to the Singdollar back in early 2012....

China has four million millionaires: survey

2015-06-17 CHINA had four million millionaire households in 2014, the second-highest in the world after the United States, as the country’s stock market boom boosted private wealth, an independent survey showed yesterday.One million new millionaires were...

China to let private investment funds trade interbank debt market

2015-06-17 CHINA will allow private investment funds to trade in the country’s interbank debt market for the first time, a central bank document dated June 15 and obtained by Reuters yesterday said.The People’s Bank of China (PBOC) did not immediately respond...

Tuesday, 16 June 2015

Oil prices down in Asian trade

2015-06-16 OIL prices fell in Asia Monday as dealers fretted over a collapse in Greece’s debt talks and a possible return of Iranian supplies disrupted by international sanctions, analysts said. US benchmark West Texas Intermediate for July delivery fell...

Indonesia’s trade surplus seen increasing in May

2015-06-16 INDONESIA’S trade surplus grew to US$950 million in May, official data showed Monday, as imports slid sharply in Southeast Asia’s largest economy.It was the sixth straight month that Indonesia has recorded a trade surplus and the figure was about...

China may be Indonesia’s top investor if Widodo helps

2015-06-16 CHINA could quickly leapfrog Singapore and Japan to become Indonesia’s biggest foreign investor, if President Joko Widodo can simplify the way business is conducted in Southeast Asia’s largest economy. China is eyeing more than US$83 billion ($112...

Garuda to acquire 30 Airbus A350 XWBs for flights to Europe

2015-06-16 INDONESIA’S flag carrier airlines Garuda Indonesia has signed Letter of Intent (LoI) with France- based plane maker Airbus related to its plan to acquire 30 Airbus A350 XWB which would be used to serve non-stop flights to Europe, a Garuda...

Vedanta says Cairn India buyout moves it closer to being major player

2015-06-16 VEDANTA Ltd’s US$2.3 billion ($3.09 billion) offer to buy out minority shareholders in Cairn India moves the Indian mining and energy group closer to its goal of being a major diversified natural resources player, its chief executive said...

AirAsia CEO tells investors he plans to issue bonds, jet sales as shares skid

2015-06-16 AIRASIA Bhd Group Chief Executive Tony Fernandes has written to investors spooked by a report questioning accounting at Asia’s biggest budget airline, saying it will raise funds at loss-making associates and may sell planes to cut group debt.In a...

Some Koreans with foreign activist inSamsung bid

2015-06-16 IN A country with a record of hostility towards foreign capital, some local investors are breaking with tradition as they side with a US hedge fund opposing a US$8 billion ($10.7 billion) merger seen vital to the transfer of leadership at South...

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