Business » Asia

Wednesday, 21 April 2010

Asian chipmakers poised for strong growth

2010-04-21 ASIAN chipmakers are set to deliver another set of strong results and cement growing views that the global technology sector's recovery is accelerating as an economic recovery boosts corporate and consumer spending.Better-than-expected demand for...

Protectionism worsening China business climate: EU Chamber

2010-04-21 GROWING nationalism and lobbying by local firms is making China more protectionist and hostile towards foreign firms, European businesses claimed yesterday.Market-opening reforms had unmistakably slowed as Beijing gains more economic clout, Joerg...

Cambodian economy to grow: ADB

2010-04-21 CAMBODIA'S economy, one of the fastest growing in Southeast Asia for a decade, may grow 4.5 per cent this year after contracting two per cent in 2009 due to the global economic crisis, the Asian Development Bank (ADB) said. A pick-up in garment...

India central bank raises rates, Australia poised for more

2010-04-21 INDIA raised interest rates for the second straight month yesterday and Australia signalled it may tighten policy further as the region's economies rapidly recover, putting pressure on policymakers to keep inflation in check.Central banks in much of...

IN BRIEF

2010-04-21 Falling ARPU drags on China Mobile profitHONG KONG: China Mobile, the world's largest mobile operator by subscribers, reported a first-quarter profit that lagged expectations, hit by hefty handset subsidies and declining revenue per user. "As...

Tuesday, 20 April 2010

Fitch cuts Thai currency view amid protests

2010-04-20 FITCH Ratings yesterday downgraded Thailand's currency rating outlook to negative from stable, blaming heightened political uncertainty after a month of anti-government protests.The international ratings agency affirmed the long-term local currency...

M'sia faces rising debt burden sans reform

2010-04-20 MALAYSIA faces a rising debt burden and risks damage to its economic growth potential unless it implements tough reforms and tackles its subsidy regimes, the World Bank warned yesterday.The bank forecast in a report presented in Kuala Lumpur that...

E Asia could stabilise emissions by 2025: WB

2010-04-20 EAST Asia could stabilise its greenhouse gas emissions by 2025 while maintaining economic growth by investing heavily in energy efficiency and low-carbon technologies, the World Bank said yesterday.Achieving this would require the region's energy...

Pru's Asia CEO under pressure to cut AIA offer

2010-04-20 UK INSURER Prudential Plc is under no pressure from its shareholders to cut the US$35.5 billion price it's paying for AIG's Asian life insurance unit, the group's Asia CEO said. "At the very beginning, we got a lot of questions around the...

IN BRIEF

2010-04-20 Aussie regulator blocks NAB bid for AXASYDNEY: Australia's competition watchdog yesterday rejected National Australia Bank's proposed US$12.2 billion takeover of AXA Asia Pacific Holdings, but did not oppose a rival bid by Australia's AMP. The...

Toyota agrees to pay US fine

2010-04-20 TOYOTA Motor Corp yesterday agreed to pay a record US$16.4 million fine for failing to properly notify US authorities about a dangerous accelerator pedal defect, but denied allegations it broke the law.Transportation Secretary Ray LaHood,...

Monday, 19 April 2010

IN BRIEF

2010-04-19 Bank Rakyat expects better Q1 resultsMUAR: Bank Rakyat is expecting a better performance in its first-quarter results this year when compared to the corresponding period last year as the economy is showing signs of recovery. The bank's financial...

Asia currencies to gain from yuan revaluation: analysts

2010-04-19 SPECULATION of an imminent yuan revaluation has boosted other Asian currencies against the dollar recently, reflecting the region's world-leading recovery from recession, say analysts.With a move by Beijing to let the yuan appreciate against the...

Flaws in Islamic finance highlighted by crisis

2010-04-19 ISLAMIC finance has emerged relatively unscathed from the global economic crisis and Dubai's turmoil, but experts say the dramas have exposed the need for tighter regulations and higher standards.The syariah finance industry, which abides by...

Muslim nations 'laughing' at EU woes: WIEF

2010-04-19 MUSLIM nations are "laughing" at European efforts to grapple with a debilitating debt crisis in Greece, which has serious ramifications for the world's biggest open market, the head of the World Islamic Economic Forum (WIEF) has said....

Sunday, 18 April 2010

Toyota recalling 870,000 minivans over rust woes

2010-04-18 EMBATTLED Japanese automaker Toyota has decided to recall 870,000 Sienna minivans in the US and Canada because of corrosion problems.The announcement came Friday, a day after the world's biggest automaker said it would suspend production and...

Iran fuel cut reports inaccurate: Najib

2010-04-18 MALAYSIAN Prime Minister Najib Razak has denied reports quoting him as saying the country has halted gasoline sales to Iran, saying there had been no requests since a March sale, the official news agency reported.A news report on Friday quoted Najib...

China steps up fight against property speculation

2010-04-18 CHINA'S cabinet yesterday laid out further detailed measures for keeping the property sector in check, empowering and ordering local governments to take steps to control speculative buying.Provincial and municipal governments in areas experiencing...

Japanese automaker to pay US fine: media

2010-04-18 TOYOTA Motor Corp was planning to pay a proposed US$16.4 million fine from US regulators without admitting wrongdoing as the automaker seeks to repair its reputation after massive recalls, Japanese media reported yesterday.US safety regulators...

China favours managed floating FX system: Hu

2010-04-18 CHINA remains on course to gradually put in place a managed floating exchange rate system, President Hu Jintao said in a speech released on Friday amid pressure on Beijing to let its yuan currency strengthen. "We have always moved toward...

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