GO
Loading...

Asia: Business

More

  • 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.

  • South Korea Jan Current Account Surplus Hits Record Tuesday, 26 Feb 2013 | 10:14 PM ET
    Seoul, South Korea

    South Korea's current account surplus in January more than doubled to a record high on a jump in exports that showed its economy had not yet been affected by Japan's monetary policy.

  • AirAsia's Profit Surges on Share Sale of Thai Business Tuesday, 26 Feb 2013 | 8:33 AM ET
    Air Asia

    AirAsia Bhd reported full year profit more than tripled, beating expectations, thanks to the share sale of its Thai business.

  • Turkey Lures Asian Investors as It Looks East for Capital Thursday, 21 Feb 2013 | 12:45 AM ET

    When Turkish conglomerate Anadolu Holding put its 75-percent stake in Alternatifbank up for sale last year, a distant potential suitor from Asia took a close look at the business.

  • Hong Kong Disney Ends Seven-Year Itch to Make Money Tuesday, 19 Feb 2013 | 2:57 AM ET
    Disneyland

    It's been a long seven-year itch, but Hong Kong Disneyland is finally making some money. The park made $14 million in the last financial year, while this is only about a 2.5 percent return on revenues of $550 million, it's still a profit.

  • Last-Minute Bumi Sale Threatens Rothschild Hopes Tuesday, 19 Feb 2013 | 1:48 AM ET
    Nathaniel Rothschild, founder of NR Investments and Samin Tan, chairman of Bumi PLC

    A key Indonesian investor has sold his 10 percent holding in Bumi only days before a key vote on the miner's future, threatening Nat Rothschild's hopes of victory in the battle to win control of the company.

  • Can US Companies' Chinese Results Be Trusted? Monday, 11 Feb 2013 | 12:14 PM ET

    Concern is growing about risks to U.S.-based multinationals in a country where American audit regulators are locked out by the Chinese government and bribery and fraud are routine.

  • HP to China Suppliers: Change Practices or Else Friday, 8 Feb 2013 | 6:13 AM ET
    Foxconn

    Hewlett-Packard is imposing new limits on the employment of students and temporary agency workers at factories across China. The New York Times reports.

  • Australian Central Bank Slashes Annual Growth Forecast Thursday, 7 Feb 2013 | 8:36 PM ET

    Australia's central bank has trimmed its growth and inflation forecasts on cautious mining outlook, government spending cuts and its high currency.

  • Barclays Investment Bank Cutting Jobs: Source Thursday, 7 Feb 2013 | 2:46 AM ET
    Antony Jenkins, chief executive officer of Barclays.

    Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs, a person familiar with the matter said on Wednesday.

  • KFC parent Yum Brands on Tuesday said time, not ad spending, is the cure for a steep sales decline in China that was sparked by a food safety scare.

  • These islands in the East China Sea, called Senkaku in Japanese and Diaoyu in Chinese,  are claimed by both countries and a source of a simmering tensions.

    Amid tougher times, some companies want to leave the China, but they are learning departing is harder than entering. Caixin reports.

  • Peter Ma

    China approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, completing the biggest equity purchase in the country by a foreign investor.

  • Beijing's Central Business District

    Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.

  • 'Super-Yachts' Are a Tough Sell to the Newly Rich Friday, 18 Jan 2013 | 3:54 PM ET

    The glamour, champagne-soaked launches and celebrity clients belie a mounting unease in the world of "super-yachts."

  • China Galaxy Securities Files for $1.5 Billion IPO Friday, 4 Jan 2013 | 6:42 AM ET
    Investors watch the electronic board at a stock exchange hall in Huaibei, China.

    China Galaxy Securities has filed applications to regulators for a planned $1.5 billion initial public offering in Hong Kong and Shanghai, IFR reported on Friday.

  • Toyota Poised to Put Legal Troubles in Rear View Mirror Thursday, 27 Dec 2012 | 6:45 PM ET

    Toyota Motor eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases that will be harder for plaintiffs to prove and less likely to damage the company's growing sales.

  • Business as Usual for South Korea's Chaebol Under Park Thursday, 20 Dec 2012 | 10:12 PM ET

    A Park will be back in South Korea's presidential mansion come February, and the big businesses, or chaebol, that dominate the country's economy will be breathing a sigh of relief that her left-wing challenger did not win Wednesday's presidential vote.

  • Go Daddy Appoints Former Yahoo Exec as CEO Tuesday, 11 Dec 2012 | 1:50 PM ET

    Go Daddy, one of the world's biggest Internet hosting firms, appointed Yahoo former Chief Product Officer Blake Irving as chief executive.