 Reversing trend, China's inflation rises to 4.5 per centBEIJING - China's inflation rose to 4.5 per cent in January with soaring food prices contributing significantly to the reversal of a five month trend of easing prices.
Inflation in December was... | |
| NTT Com and LANIC to Offer Global Internet Access in Laos Tokyo, Feb 10, 2012 (JCN) - NTT Communications Corp. (NTT Com) and Lao National Internet Center (LANIC) will start a collaboration to provide Internet service providers (ISPs) in Laos with global... |
| G6 Alliance to Advance Launch of Asia-Europe Service Tokyo, Feb 10, 2012 (JCN) - The G6 Alliance will begin their groundbreaking cooperation in Asia-Europe container shipping in the first week of March - one month ahead of schedule. Serving the... |
| China's January CPI rise accelerates to 4.5% China's consumer price index (CPI), a main gauge of inflation, rose 4.5 percent year-on-year in January, the National Bureau of Statistics (NBS) said Thursday. The growth rate was the highest... |
| Japan Airlines and IAG take first step towards intended joint business between Japan and Europe Japan Airlines (JAL) and International Airlines Group (IAG) have agreed plans for a new joint business between JAL and British Airways on flights between Europe and Japan. The joint business would... |
| Qantas pilot's mistake near disaster Investigations reveal a Qantas aircraft could have literally fallen from the sky as a Qantas Pilot incorrectly entered the Boeing 717... |
| Cathay Pacific Important Travel Reminders for Weekend of 11/12 February As Cathay Pacific upgrades its reservations system over the weekend, many online systems will be temporarily unavailable. This upgrade will not impact Cathay Pacific’s flight schedule. The... |
| India's December Industrial Output Growth Slows Sharply Indian industrial production growth slowed sharply in December, its slowest pace in two months, adding to pressure on the central bank to start cutting interest rates to help stimulate an economy... |
| Sony's Hirai to Extend PlayStation Strategy, Cut Costs by linking hardware and software through online networks -- a model he used at its PlayStation unit -- dismissing any suggestion the battered brand would revert to a gadget-centered strategy under... |
| BoCom Eyes $7.9 Billion Private Share Placement: Report , China's fifth-largest bank by assets, plans to raise 50 billion yuan ($7.9 billion) through a private share placement to meet stricter bank capital requirements, IFR reported on... |
| India's Tata Steel Posts First Quarterly Loss in 2 Years , the world's No.7 steelmaker, posted an unexpected quarterly loss, its first in more than two years, as higher raw material costs and weak demand in Europe hurt... |
| China City Raises Cash Subsidies for Home Buyers China's third-tier city of Wuhu, in eastern Anhui province, has relaxed restrictions on purchases of homes, easing limits on multiple home buyers and raising cash subsidies, the official China... |
| Australia Central Bank Repeats Policy Right for Now Australia's central bank on Friday repeated that interest rates were at the right level for the moment though there would be scope for an easing if the economy slowed... |
| Toyota to shift SUV production to US Toyota Motor Corp has announced it will shift production of its Highlander sport utility vehicles to a factory in Indiana from Toyota Motor Kyushu, Inc, a subsidiary in Miyawaka, Fukuoka Prefecture,... |
| Shangri-La and Traders Hotel, Doha to open 2013. Hong Kong based Shangri-La Hotels and Resorts signed an agreement with Faisal Bin Qassim Al-Thani & Sons to manage Shangri-La Hotel, Doha, as well as Traders Hotel, Doha; both hotels are... |
| India's Dec industrial output up 1.8% Industrial output rose by a slower-than-expected 1.8 per cent in December compared with a year earlier, government data showed on Friday. Analysts on average had expected a rise of 3.4 per cent, a... |
| Rupee down 17 paise vs dollar in early trade dollar in early trade on the Interbank Foreign Exchange market, following increased demand for the American currency from importers. However, a higher opening in the equity market capped the... |
| Sensex extend gains, up 44 points Sensex on Friday extended gains for the third straight session by adding another 44 points in early trade, on sustained buying by funds and retail investors. The 30-share index, which had gained over... |
| Rural India loses steam as cities chug ahead MUMBAI | NEW DELHI: In 2007, 27-year-old Kaushalendra from Bihar shunned the placement frenzy, which would see many of his colleagues earn fat salaries, in favour of a more homespun alternative:... |
| Sahara in realty tie-up with Turner, Acropolis Sahara India group worth $2.5 billion over the next five years in India, the companies said on Thursday. The group has plans to build projects worth $25 billion over the next 20 years. Sahara India... |
| No foreign donations for political parties, media Foreign Contribution Regulation rules (2011) which include political parties, media organizations and journalists among persons debarred from receiving donations from abroad. The rules follow the... |
| Exports up 10%, may meet $300bn target NEW DELHI: The country's exports in January rose 10.1% to $25.4 billion, thanks to step up in shipments of engineering goods, gems and jewellery, drugs... |
| Greece strikes deal on new austerity measures ATHENS: Taking negotiations to the eleventh hour, Greece announced an agreement on Thursday on new austerity cuts demanded by its international creditors to release a (euro) 130 billion ($173... |
| Flipkart buys electronics retailer Letsbuy for $25m MUMBAI: In a big consolidation move for the burgeoning Indian e-commerce market, the poster boy of Indian online retail - Flipkart.com - has bought out electronics retailer Letsbuy.com for an... |
| FTA held up as EU eyes PSU contracts NEW DELHI: The European Union's insistence on guaranteed access for all government and public sector contracts is proving to be a deal breaker for the free trade agreement... |
| Royal Stag is No 1 in Pernod’s portfolio MNC business globally. Royal Stag, a semi-premium blended whisky, sold 12.3 million cases last year, well ahead of Absolut's 11.3 million cases, to be the top volume grabber across Pernod... |
| Etisalat takes $827m hit on India operations Emirates Telecommunication Corp , or Etisalat, booked the biggest loss among global telecom majors when it wrote off investments worth $827 million in India, a week after the Supreme Court cancelled... |
| No details on job cut; India business fantastic: Pepsi NEW DELHI: Global food and beverages major PepsiCo, which today announced 8,700 job cuts worldwide, did not provide country specific details - including impact on employees in India - but said its... |
| Rupee falls by 35 paise against dollar dollar demand from banks and importers despite weakness of dollar overseas. At the Interbank Foreign Exchange (Forex) market, the rupee resumed steady at 49.15/16 per dollar and traded in the range... |
| Industry Group Established for Wireless Smart Meters Eight Japan- and the US-based firms established an industry group for wireless communications used for smart meters. The eight firms are Analog Devices Inc, Fuji Electric Co Ltd, Japan's... |
| NTT Develops 15Gbps Milliwave Transceiver Module Wireless devices that are expected to be equipped with the transceiver module once the size of the module becomes equivalent to that of the... |
| Japanese Firm Unveils 'World's Smallest' PHEV/EV Charger Power Assist Technology Ltd and Shimane University developed what they claim is the world's smallest charger for plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs). They... |
| [CES] Qualcomm Reveals Wireless Power Transmission System for EVs Qualcomm Inc exhibited its wireless power transmission system for electric vehicles (EVs) at the 2012 International CES. This is the first time that Qualcomm has showed the system at a trade show,... |
| [CES] MicroSD Card Turns iPhone Into Mobile Wallet DeviceFidelity Inc, a US-based venture, developed a microSD memory card featuring NFC (near field communication) capability. In January 2012, the company tied up with Spring Card Systems LLC and... |
| [CES] Toshiba Demos Wirelessly-powered Tablet Computer Toshiba Corp exhibited a prototype of a waterproof tablet computer that can be wirelessly powered at the 2012 International CES. At the trade show, the tablet was being wirelessly powered in an... |
| Solar Stocks Hit Five-Month High on Demand: China Overnight Feb. 10 (Bloomberg) -- Chinese solar companies surged to the highest level in at least five months, led by Yingli Green Energy Holding Co. and Trina Solar Ltd., after Deutsche Bank AG said major... |
| Samsung Life Sees Opportunity in Europe, U.S. Distressed Assets Feb. 10 (Bloomberg) -- Samsung Life Insurance Co., South Korea’s biggest insurer, said it sees investment opportunities in distressed assets put up for sale by U.S. and European... |
| Templeton Fund Rejoins Top Performers With Ireland, Asia Bets Feb. 10 (Bloomberg) -- Templeton Global Bond Fund rejoined the top-performing fixed-income funds following last year’s underperformance by scooping up distressed Irish bonds and keeping bets... |
| India Factory Output Rose Less Than Estimated in December Feb. 10 (Bloomberg) -- India’s industrial production rose less than estimated in December, sapped by record interest-rate increases and a faltering global... |
| Nikkei slips below 9,000; Softbank, shippers rise Nikkei share average edged down to below 9,000 on Friday as investors remained wary about Greece's debt restructuring prospects, even after Athens struck a long-awaited deal on a second bailout.... |
| Ducati Aims To Double Sales To Over 500 Units This Year KUALA LUMPUR, Feb 10 (Bernama) -- Ducati Malaysia aims to double its sales of the premium motorcycle range to over 500 units this year compared with last year, its general manager C.W. Juan said. ... |
| HLIB Still Favours MRCB KUALA LUMPUR, Feb 10 (Bernama) -- Hong Leong Investment Bank (HLIB) still favours Malaysian Resources Corp Bhd (MRCB) for the unique quality of KL Sentral to support earnings growth, potential in... |
| OSK More Optimistic On Outlook Of CIMB Group KUALA LUMPUR, Feb 10 (Bernama) -- OSK Research Sdn Bhd is more optimistic on the outlook of CIMB Group Holdings Bhd although its share price has lagged both the market and its peers over the past... |
| Tata Steel suffers Rs 603cr loss Calcutta, Feb. 9: Tata Steel Group, Indias largest steel maker, suffered a loss of Rs 602.6 crore in the third quarter, following a write down of inventories of finished goods and raw materials in... |
| Etisalat does a Telenor New Delhi, Feb. 9: Abu Dhabi-based mobile operator Etisalat, which operates in India in a joint venture with DB Realty, has written off over $820 million against the India operations after the... |
| Bid to tap Iran trade options New Delhi, Feb. 9: India sees an opportunity to boost trade with Iran by tapping the sectors that will be affected by the sanctions imposed by the US and the European Union. A delegation from India... |
| RIL in cash chase for shale projects Mumbai, Feb. 9: Reliance Industries Ltd (RIL) will raise $1 billion through the issue of unsecured notes reportedly to fund its capital expenditure in the shale gas assets it shares with Chevron... |
| Deutsche exits local realty firm Mumbai, Feb. 9: Deutsche Bank has raked in a gain of over Rs 900 crore after flipping its investment in city-based real estate player Lodha Developers that it had made in... |
| Australia's Newcrest First-Half Underlying Profit Up 17% Newcrest Mining, the world's no.3 gold miner, beat market forecasts with a 17 percent jump in half-year underlying profit on Friday, buoyed by soaring gold prices, and rewarded shareholders with... |
| DBS Fourth-Quarter Profit Rises 8%; Tops Forecast , Southeast Asia's biggest lender, on Friday posted an unexpected 8 percent rise in quarterly profit, beating expectations as strong loan growth propelled key net interest income upward by 17... |
