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Asia: Business

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  • Sharp to Tap Samsung, Banks in Bid to Survive Tuesday, 14 May 2013 | 10:34 AM ET

    Japanese display maker Sharp will aim to boost sales to the iPhone maker's rival Samsung Electronics under a three-year rehabilitation roadmap.

  • Hess Splits Chair, CEO in Bid to Thwart Activist Friday, 10 May 2013 | 9:33 AM ET

    Hess plans to split the roles of chief executive and chairman, countering efforts by an activist investor to shake up management at the oil and gas producer.

  • No Need to Sweeten Offer for Sprint: Japan's SoftBank Tuesday, 30 Apr 2013 | 7:37 AM ET

    SoftBank said there is no need to improve its $20.1 billion bid for 70 percent of U.S. wireless carrier Sprint Nextel, which has been challenged by Dish Network.

  • Honda Motor Recalls Nearly 46,000 Fit Sports Monday, 29 Apr 2013 | 7:49 AM ET

    Honda is recalling nearly 46,000 Fit Sport small cars in the U.S. and Canada to fix a problem with the electronic stability control system.

  • IMF Warns of 'Middle-Income Trap' in Emerging Asia Sunday, 28 Apr 2013 | 11:16 PM ET

    Middle-income Asian economies must improve government institutions and liberalize rigid labor and product markets if they wish to reach the level of developed countries, the International Monetary Fund (IMF) said on Monday.

  • Ahead of Earnings, Suppliers Sour on Apple Monday, 22 Apr 2013 | 9:55 AM ET

    "The market is not being irrational with Apple today," one money manager says. "The market was being irrational with Apple last year, when they kept taking the stock price higher."

  • Chinese Parts in Japanese Cars? It's Happening Thursday, 18 Apr 2013 | 7:53 PM ET
    Workers assemble sedans at the Dongfeng car factory in Wuhan, China.

    Facing tougher competition in what is now the world's biggest autos market, Nissan and its Japanese rivals Toyota Motors and Honda Motors are having to increase the locally made content in their cars.

  • China 'Princeling' Eyes $500 Million Buyout Fund Tuesday, 9 Apr 2013 | 2:48 AM ET
    China's newly-elected President Xi Jinping (R) talks with former President Hu Jintao (L) during the fourth plenary meeting of the National People's Congress at the Great Hall of the People in Beijing.

    Nepoch Capital, a new private equity firm founded by the son of a former member of China's politburo, has launched the first 'princeling' fundraising since the new government took power vowing to clamp down on cronyism and nepotism.

  • Bird Flu Afflicts China's Top Producer of Animal Feed Tuesday, 9 Apr 2013 | 12:34 AM ET

    New Hope Group, China's largest producer of animal feed, said its business has been hit by the bird flu outbreak as poultry consumption has declined in the country.

  • Japan's Largest Lender Adds to US Assets Arsenal Sunday, 7 Apr 2013 | 11:40 PM ET

    Mitsubishi UFJ Financial Group, Japan's largest lender by assets, is in advanced talks to buy U.S. commercial property loans from Deutsche Bank worth about $3.7 billion.

  • North Korea Threatens to Shut $2 Billion Complex Thursday, 4 Apr 2013 | 12:47 AM ET
    North Korean soldiers.

    North Korea barred entry to a joint industrial complex it shares with the South for a second day, Seoul's Unification Ministry said, and demanded extended notice of when hundreds of South Korean workers planned to leave.

  • Big Depositors in Cyprus to Lose Far More Than Feared Saturday, 30 Mar 2013 | 3:48 AM ET

    Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.

  • Cyprus Says Threat Contained, No Plan to Leave Euro Friday, 29 Mar 2013 | 8:47 AM ET

    The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.

  • Hurting at Home, China's Li Ning Courts US Glitz Sunday, 24 Mar 2013 | 9:02 AM ET
    i Ning shoes are on display at their flagship store in Beijing, China

    Li Ning, which is expected to report a net loss of close to $177 million on Monday, is hoping to turn its fortunes around by taking on endorsement deals with U.S. NBA stars.

  • Freddie Mac Sues More Than a Dozen Banks Over Libor Wednesday, 20 Mar 2013 | 12:03 AM ET
    Freddie Mac

    U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.

  • China Central Bank Warns on Inflation, Pledges Reform Wednesday, 13 Mar 2013 | 9:11 AM ET

    China must stabilize inflation expectations, the head of the People's Bank of China said on Wednesday, vowing to vigilantly manage the risks of rising prices.

  • Google to Cut 1,200 Jobs at Motorola Mobility Friday, 8 Mar 2013 | 1:46 AM ET

    Google's Motorola Mobility unit is to shed another 1,200 jobs as the smartphone maker tries to return to profitability, Google said on Friday.

  • Will India's 'Do-No-Harm' Budget Cheer Investors? Thursday, 28 Feb 2013 | 5:24 AM ET

    India's much-awaited annual budget failed to deliver on the hype sending the nation's equity markets lower on Thursday, with one economist calling Finance Minister P Chidambaram - who has the tough job of reining in the fiscal deficit while spurring growth – simply a "firefighter."

  • India Budget Increases Spending, Taxes the Rich Thursday, 28 Feb 2013 | 3:52 AM ET
    India's Finance Minister Palaniappan Chidambaram

    India unveiled higher-than-expected spending for fiscal 2013/14 on Thursday, aiming to fund it with higher revenues - including new taxes on the rich and large companies - in a budget aimed at reviving growth amid the country's worst slowdown in a decade.

  • AirAsia Ready to Take on India Challenge: CEO Tuesday, 26 Feb 2013 | 10:33 PM ET
    AirAsia founder and chief executive officer Tony Fernandes

    Asia's largest low-cost carrier, AirAsia, said it was "confident" about entering the Indian aviation space - a market that has been challenged by intense price competition and exorbitant operating costs.