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Asia: Business

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  • 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.

  • Samsung Promotes Chairman's Son and Heir Tuesday, 4 Dec 2012 | 8:09 PM ET

    Samsung Electronics pushed the anointed heir of the company Chairman closer to the top job on Wednesday.

  • SEC Charges Chinese Affiliates of Top Firms Monday, 3 Dec 2012 | 6:22 PM ET

    U.S. regulators on Monday charged the Chinese arms of five top accounting firms with securities violations over their refusal to produce certain audit papers, raising questions about whether talks between the United States and China to resolve the issue have stalled.

  • Will Australia Gift Markets a Christmas Rate Cut? Sunday, 2 Dec 2012 | 11:19 PM ET
    Opera House in Sydney, Australia.

    After holding fire in November, Australia's central bank is expected to lower borrowing costs when it meets on Tuesday, as the economy begins to show cracks.