Business » Asia

Saturday, 20 November 2010

Panel urges renewed US pressure on yuan

2010-11-20 THE United States should name China a currency manipulator and take on trade-distorting Chinese policies in the World Trade Organisation, a congressional advisory body said on Wednesday."China has failed in some notable areas to fulfil the...

China's rare earth customs process improved Japan

2010-11-20 CHINA'S customs procedures for shipments to Japan of rare earth minerals vital for high-tech products are improving, Japan's trade minister said, nearly two months after exports stalled as a territorial row erupted between Asia's two top economies....

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2010-11-20 HK unveils measures for property marketHONG KONG: The government unveiled its latest attempt to cool the property market amid public anger at spiralling prices and fears of a real estate bubble. Financial Secretary John Tsang announced a sliding...

Friday, 19 November 2010

Carrefour to stay in Malaysia, S'pore

2010-11-19 FRENCH retail giant Carrefour said yesterday it had abandoned a planned sale of its Malaysia and Singapore stores, pledging instead to build up its market share in the Asian nations.The world's second-biggest retailer behind US colossus Wal-Mart,...

Philippines seeks infrastructure projects funding

2010-11-19 THE Philippine government said yesterday it would ask investors to pour in billions of dollars to upgrade the nation's creaking infrastructure, promising protection from business blackholes. President Benigno Aquino unveiled 10 rail, road and...

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2010-11-19 Toyota lays out big green-car pushTOKYO: Toyota Motor Corp unveiled big plans for staying in front in clean-car technology as rivals race to play catch-up, saying it would launch 11 new hybrids and a rechargeable Prius that may cost as little as US$...

AirAsia X to launch Paris route in February

2010-11-19 MALAYSIA'S long-haul budget airline AirAsia X is to launch its second European route in February, offering four flights a week between Kuala Lumpur and Paris, the carrier said Thursday.The airline will start the direct service to Paris' Orly Airport...

Thursday, 18 November 2010

HK to benefit from financial rules limits

2010-11-18 HONG KONG is set to reap the benefits from the financial regulatory clampdown in the United States and Europe, according to a leading financial services trade group. The Securities Industry and Financial Markets Association said the Volcker rule on...

US Congress urged to act on China trade, currency policies

2010-11-18 US POLICYMAKERS must use all available tools to address Chinese currency, trade and industrial policies that harm American interests, a congressional advisory body said yesterday.The US Congress should press the Treasury Department to label China a...

Sime may sell off some assets

2010-11-18 SIME Darby Bhd is considering selling off some of its businesses but will not be spinning off its lucrative units such as plantations as yet for a separate listing on the stock exchange.Acting president and group chief executive Datuk Mohd Bakke...

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2010-11-18 Prices remain firm on fresh demand, loadingBANGKOK: Asian rice prices rose about two per cent on yesterday with Thai prices supported by fresh demand from Iran and Vietnamese prices backed by busy loading demand at a time of limited supplies,...

China vows to tame inflation, price controls in reserve

2010-11-18 CHINA will intervene to control consumer prices if they rise too quickly, the government said on Wednesday, a move that will do little by itself to tame inflation but could foreshadow harsher monetary tightening.Steps to cool demand in China, the...

Toyota unveils US$700m facility in China

2010-11-18 TOYOTA said yesterday it will invest nearly US$700 million in its first fully-fledged research and development base in China in a bid to expand its share of the world's largest auto market.The world's biggest automaker hopes to build cars that...

Turkmen leader mum on Nabucco

2010-11-18 THE leader of Turkmenistan on Wednesday touted growing energy ties with Iran and China but stayed silent on Europe's proposed Nabucco pipeline aimed at breaking Russia's grip on gas exports.President Gurbanguly Berdymukhamedov, in a written address...

Wednesday, 17 November 2010

China, Taiwan may talk trade again next year

2010-11-17 TAIWAN and China aim to hold trade talks on an additional 5,000 items as early as next year following a landmark framework accord signed in June, an island official said yesterday, a possible sign of more tariff cuts.New tariff cuts would galvanise...

Rolls-Royce scrambles for A380 engines

2010-11-17 ENGINE maker Rolls-Royce has asked Airbus to return some Airbus A380 engines from production lines so it can use them to replace faulty ones on airplanes already in service.The Airbus A380 the world's largest passenger aircraft with an average list...

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2010-11-17 DHL opens new facility in PenangKUALA LUMPUR: Leading logistics company DHL has expanded its operations in Penang by opening a new integrated one-stop facility at Kompleks Kargo Udara Kedua. The company had invested over RM1 million in the facility...

China plane maker gets 100 orders for new jets

2010-11-17 A CHINESE state-backed plane maker yesterday won orders for 100 of its new jets, challenging industry giants Airbus and Boeing in what could become the world's largest aviation market.China's three largest airlines signed deals to buy the C919...

M'sia's Sime Darby to sue over huge overruns

2010-11-17 MALAYSIA'S Sime Darby Berhad, the world's largest listed palm oil producer, said Tuesday it will sue several individuals over massive cost overruns it suffered.Malaysian anti-graft authorities are investigating the palm oil giant after its energy...

'Rogue' microfinanciers condemned

2010-11-17 THE head of India's biggest microfinance lender condemned "rogue" elements in the industry on Tuesday, saying that they needed to be stamped out by tighter regulation.The US$6.7 billion microfinance industry in India, once seen as a...

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