Business » Asia

Saturday, 10 July 2010

IN BRIEF

2010-07-10 Fujitsu sets sights on cloud computingTOKYO: Japan's Fujitsu said Friday it aimed to generate US$17 billion dollars in revenue from its global cloud computing business by March 2016, making it a cornerstone of its strategy. Japan's biggest IT...

Bank of Korea raises interest rates

2010-07-10 THE Bank of Korea raised interest rates on Friday for the first time since the outbreak of the financial crisis and cemented market expectations of more tightening by predicting solid growth and higher inflation ahead.The central bank lifted its...

Toyota chief says China labour trend both good and bad

2010-07-10 TOYOTA Motor Corp President Akio Toyoda said yesterday higher wages among Chinese factory workers would create a new class of consumers, and that the trend therefore had both "good and bad elements ". "The experience of the past 100...

Friday, 9 July 2010

IN BRIEF

2010-07-09 Proton's contribution significant: investorsKUALA LUMPUR: Despite criticism and a challenging automotive industry, Proton has significantly contributed to the Malaysian economy in the past 25 years of its existence, says Malaysian Investors...

Singapore's Temasek says BP stake talk 'speculation'

2010-07-09 SINGAPORE state investor Temasek, whose energy and resources portfolio grew by US$3.6 billion last year, yesterday dismissed talk it had held discussions with BP Plc for a strategic stake.Temasek's comment comes amid speculation that the troubled...

Malaysia hikes interest rates

2010-07-09 MALAYSIA'S central bank raised its interest rate by 25 basis points yesterday, its third hike in five months, and signalled rates would be on hold for now as it assesses the health of the global economic recovery.Economists interpreted Bank Negara's...

Advertising surges in Asia-Pacific

2010-07-09 ADVERTISING in the Asia-Pacific region surged by almost 20 per cent in the first quarter of 2010, marking the second consecutive quarter of growth, research firm Nielsen says.Driven by strong economic performances and rapidly improving consumer...

Thursday, 8 July 2010

Zardari woos China for green fuel sector

2010-07-08 PAKISTANI President Asif Ali Zardari urged Chinese companies to invest in his country, telling them yesterday that his government was looking to nuclear, hydro and alternative sources to meet an acute thirst for power.Zardari made the remarks on the...

Muamalat shareholders to take up rights plan

2010-07-08 INDONESIA'S Bank Muamalat, the country's second largest sharia lender, said on Wednesday that its existing shareholders will take up all its 952 billion rupiah ($105.2 million) rights issue that is set to close on Thursday.This is potentially...

Carrefour drops Sinar Mas' APP products

2010-07-08 FRENCH retail giant Carrefour said yesterday it will stop buying certain products from Indonesian paper firm Asia Pulp and Paper (APP), citing concerns over environmental sustainability.The decision came a day after Greenpeace aired fresh...

Asia next in line of fire for US tax police

2010-07-08 AFTER forcing Switzerland's top bank UBS to its knees for helping US residents dodge taxes, US authorities are moving on other banks and countries used to hide clients' cash.Washington inflicted a tough lesson last year on Switzerland by forcing the...

Names won't hurt me

2010-07-08 AnalysisThe Obama administration likely won't risk a diplomatic spat with China by calling it a "currency manipulator" in an overdue Treasury report, leaving it to Congress to decide whether to get tough with Beijing.Analysts say politics, and a...

BHP-Rio JV plan gets extension

2010-07-08 AUSTRALIA'S competition regulator said yesterday it had suspended its review of a proposed iron ore tie-up between Rio Tinto and BHP Billiton to allow the miners to make additional submissions.The Australian Competition and Consumer Commission was...

Asia needs trade integration as world economy slows

2010-07-08 ASIA needs trade integration to help it ride out an expected slowdown in global economic growth due to European and US debt woes, Ganeshan Wignaraja, principal economist at the Asian Development Bank, said on Tuesday.Rather than putting up...

IN BRIEF

2010-07-08 S Korea to normalise economic policySEOUL: South Korea's finance minister yesterday reaffirmed the government's intention to gradually return economic policy to pre-crisis settings despite uncertainty over the global economy. The remark came as...

Wednesday, 7 July 2010

'Time is right' for rates hike in S Korea

2010-07-07 THE International Monetary Fund said yesterday the time is right for South Korea to start raising interest rates as it sharply raised the country's economic growth forecast for this year. The IMF upgraded its growth forecast for Asia's...

Wilmar eyes sugar sector in Indonesia, Brazil

2010-07-07 SINGAPORE'S Wilmar International, the world's largest listed palm oil firm, said yesterday it was keen to grow its sugar business by setting up operations in Indonesia and Brazil.Wilmar, which also deals in soybean, wheat and rice, identified sugar...

US lawmakers 'oversensitive'

2010-07-07 CHINA'S official Xinhua news agency yesterday criticised a group of 50 US lawmakers for calling for a probe into Chinese investment in the US steel sector, saying protectionism was rearing its ugly head again. The bipartisan group of US...

IN BRIEF

2010-07-07 China signals OK for Taiwan FTAs TAIPEI: China has signalled that it will let Taiwan sign free trade agreements with major trading partners via the World Trade Organisation, removing an obstacle to a plank in the US$390 billion island economy's...

Toyota recalls Lexus in Japan

2010-07-07 Toyota yesterday started the recall of almost 92,000 luxury cars in its home country. The world's largest carmaker eventually expects to recall 270,000 Lexus and Crown vehicles worldwide in order to fix an engine problem that can cause them to...

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