Business » Asia

Wednesday, 18 February 2015

Samsung Electronics eyes growth

2015-02-18 SAMSUNG Electronics Co Ltd aims to use its US$56 billion cash pile to fund growth including acquisitions, the tech giant’s investor relations chief said, even as more shareholders clamour for bigger dividends.While the South Korean company’s profit...

Tuesday, 17 February 2015

Japan emerges from recession, subdued growth

2015-02-17 JAPAN’S economy rebounded from recession in the final quarter of last year but growth was weaker than expected as household and corporate spending disappointed, underlining the challenge premier Shinzo Abe faces in shaking off decades of stagnation...

Japan, S Korea to end currency swap

2015-02-17 JAPAN and South Korea will not be renewing a 14-year-old currency swap accord when it expires later this month, the Bank of Korea (BOK) said Monday, amid soured bilateral ties.The US$10 billion agreement, originally set up in 2001 and aimed at...

China January FDI up 29.4%

2015-02-17 FOREIGN investment into China accelerated in January, government data showed Monday, with overseas firms pumping more cash into the country’s services sector as the manufacturing industry slows.Inward investment rose 29.4 per cent year-on-year to...

Thailand sells 500k tonnes of rice in tender

2015-02-17 TOP rice exporter Thailand sold less than 500,000 tonnes of rice in its latest tender, the Commerce Ministry said on Monday, half the amount offered by the military government as it strives to offload massive, costly stockpiles over the next two...

Thailand extends bid deadline for energy concessions

2015-02-17 THAILAND has extended the bid deadline for oil and gas concessions by a month after politicians and activists criticised the contract terms, the country’s energy policy committee said on Monday.Around 100 people gathered at government house in...

In Brief

2015-02-17 Singapore stocks end almost flat SINGAPORE: Singapore shares closed 0.03 per cent higher on Monday, following rally in US stocks last Friday amid cautious optimism over Greek debt negotiation. The European finance ministers will meet in Brussels...

China’s Dagong cuts France’s ratings due to debt repayment

2015-02-17 A CHINESE rating agency said Monday it has downgraded France’s sovereign credit ratings, citing concerns about the country’s debt repayment. China’s Dagong Global Credit Rating Co said in a statement it cut both the local and foreign currency...

Monday, 16 February 2015

LG Electronics executive indicted over damaged Samsung washers

2015-02-16 LG ELECTRONICS Inc’s home appliances chief has been indicted on a charge of deliberately damaging Samsung Electronics Co Ltd washing machines, escalating the feud between South Korea’s top consumer electronics companies.A LG Electronics...

Energy ties with Russia important for China

2015-02-16 CHINA should maintain close cooperation with Russia in the energy sector and accelerate a new natural gas pipeline project, said Vice-Premier Zhang Gaoli on Friday in Beijing during his meeting with Alexei Miller, president of Russia's state-owned...

Land, finance key to India’s drive for renewables

2015-02-16 INDIA will struggle to hit its “hugely ambitious” renewable energy target if it fails to make more land available for plants and ensure utilities have the means to buy in clean energy, the head of US-based First Solar said on Sunday.Prime Minister...

US smartphone launch still some time off for Xiaomi

2015-02-16 XIAOMI Corp is unlikely to launch its smartphones in the United States any time soon, industry experts said last Friday, after the Beijing-based company said it was looking to dip its toes in Apple Inc's home turf.Top executives of the smartphone...

Saturday, 14 February 2015

China bank loans surge in January

2015-02-14 CHINA’S bank lending more than doubled to 1.47 trillion yuan (US$235 billion) in January from December, the central bank said yesterday, with analysts citing seasonal factors and monetary easing. In December, domestic banks extended new loans of...

Friday, 13 February 2015

India likely to keep lead over China in gold consumption

2015-02-13 INDIA is likely to remain the world’s biggest gold consumer this year after regaining the top spot from China in 2014, driven by robust jewellery demand, the World Gold Council (WGC) said on Thursday. Indian consumer demand for gold jewellery and...

Thailand approves US$2.36b in investment

2015-02-13 THAILAND’S investment agency said on Thursday it had approved applications for 23 projects worth 77.23 billion baht (US$2.36 billion), mainly in renewable energy and aviation.Thailand’s military seized power in a coup in May to end months of...

China’s Baidu pays price of mobile shift

2015-02-13 BAIDU Inc’s shift to smartphones has come at a cost: the Chinese internet firm forecast lower-than-expected revenue growth for the first quarter as its share from less profitable mobile browsing grows at the expense of PC searches.Baidu shares...

M’sia economy beat forecasts

2015-02-13 MALAYSIA’S economy expanded at a better-than-expected 5.8 per cent in the last quarter of 2014 thanks to strong domestic demand, the central bank said Thursday, helping the country to its best annual performance in four years.The news will come as...

Thursday, 12 February 2015

Australia’s biggest bank H1 net profit jumps 8.0%

2015-02-12 AUSTRALIA’S biggest company Commonwealth Bank yesterday posted an eight per cent rise in first-half net profit to Aus$4.53 billion (US$3.51 billion), while warning weak consumer confidence was starting to hurt business.The bank’s result for the six...

Thin demand weighs on rice prices

2015-02-12 ASIAN rice prices are under pressure from thin buying demand and rising supplies in the world’s leading exporters of the grain, traders said yesterday.In Thailand, the top rice exporter, prices softened due to competition from Vietnam and rising...

Singapore tourist arrivals down 3% in 2014

2015-02-12 SINGAPORE reported fewer international visitors last year, the first annual fall since 2009, hurt by a stronger Singapore dollar and a drop in the number of Chinese tourists amid slower regional tourism growth.International visitor arrivals fell...

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