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  • *China factory activity contracts for 2nd month. BEIJING/ SEOUL, Jan 23- Chinese factories were forced to cut prices for the sixth straight month in January to sell their products, while economic growth in South Korea slowed sharply, raising the prospect of more policy easing from major central banks in Asia. The weak manufacturing reading from China added to...

  • BANGKOK— In the latest battle in a political war that has lasted almost a decade, Thailand's military-appointed legislature on Friday voted to impeach former Prime Minister Yingluck Shinawatra for her role in overseeing a government rice subsidy program that lost billions of dollars. The vote was generally seen as a partisan action aimed at crippling the...

  • BANGKOK— Thai legislature votes to impeach former Prime Minister Yingluck Shinawatra over rice scheme.

  • Thai attorney general's office to indict ex-PM Yingluck Thursday, 22 Jan 2015 | 3:46 AM ET

    BANGKOK— The office of Thailand's attorney general on Friday announced plans to indict former Prime Minister Yingluck Shinawatra for her role in overseeing a government rice subsidy program that lost billions of dollars and temporarily cost Thailand its place as the world's leading exporter. The announcement comes the same day as Thailand's...

  • WASHINGTON— Macau, the Chinese territory known for casino gambling, outperformed the rest of the world's major cities economically last year, according to a report out Thursday. Cities in the developing world, especially China, dominated the top of the annual economic rankings of 300 cities worldwide by the Brookings Institution and JPMorgan Chase.

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • *Sales seen slumping in Japan, Indonesia. TOKYO, Jan 21- Toyota Motor Corp projected a drop in vehicle sales for the year ahead, its first such bearish forecast in at least 15 years, as flagging demand in Japan, Indonesia and other key markets raises the chance that Volkswagen will steal the industry crown. Toyota said on Wednesday it expects 2015 global vehicle sales,...

  • *Sales seen slumping in Japan, Indonesia. TOKYO, Jan 21- Toyota Motor Corp projected a drop in annual vehicle sales for the first time in at least 15 years as demand slumps in Japan, Indonesia and other key markets, raising the chance of Volkswagen stealing the industry crown this year. Toyota said on Wednesday it expects 2015 global vehicle sales, including those of...

  • BANGKOK— Thailand's anti-graft agency on Tuesday called for corruption charges against a former commerce minister and his deputy for allegedly committing fraud in a government-to-government rice sale. An investigation by the National Anti-Corruption Commission found that Boonsong Teriyaphirom and his deputy Poom Sarapol, along with 17 government...

  • *Itochu and CP Group to take 20 pct stake in Citic. TOKYO/ HONG KONG, Jan 20- Japanese trading house Itochu Corp and Thailand's Charoen Pokphand Group said on Tuesday that they plan to jointly invest $10 billion in Citic Ltd, part of China's oldest and biggest conglomerate. Itochu and CP Group plan to take a joint stake of 20 percent in Citic Ltd, increasing their...

  • BANGKOK— Human rights groups and labor organizations across Asia urged Thailand's military government on Thursday to scrap a proposal to send prisoners onto Thai fishing boats to fill labor shortages. In a letter addressed directly to coup leader-turned-Prime Minister Prayuth Chan- ocha, the 45 organizations including Human Rights Watch said the pilot...

  • Aer Lingus, Ryanair extending hedging position into 2016. SINGAPORE/ BERLIN, Jan 14- Global airlines, looking to lock in huge savings, are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 a barrel. In Europe, airlines such as Aer Lingus and Ryanair are aiming to take advantage of the low oil prices to...

  • Lower oil isn’t giving Asia markets wings Sunday, 11 Jan 2015 | 10:17 PM ET
    A station attendant refuels a moped at a fuel station on April 30, 2013 in Yogyakarta, Indonesia.

    Sharply lower oil prices are widely hailed as a positive for most Asian markets, but that hasn't slowed fund outflows or raised growth forecasts much.

  • *McDonald's Japan expecting first annual loss in 11 years. TOKYO, Jan 7- McDonald's Japan has apologized to customers and vowed to ensure product safety after objects including a tooth and plastic were found in its food, the latest trouble for a fast-food chain hit by sliding sales and a shortage of french fries. McDonald's Japan brought in Chief Executive Sarah...

  • *McDonald's Japan expecting first annual loss in 11 years. TOKYO, Jan 7- McDonald's Japan has apologised to customers and vowed to ensure product safety after objects including a tooth and plastic were found recently in its food, the latest trouble for a fast-food chain hit by sliding sales and a shortage of french fries. McDonald's Japan brought in Chief...

  • Is this Asia's new manufacturing hub? Monday, 29 Dec 2014 | 5:53 PM ET
    Phnom Penh, Cambodia

    The greater Mekong subregion (GMS) could become Asia's new low-cost production hub as the region becomes more integrated, experts say.

  • *Finance Ministry cuts 2014 growth forecast to 1 pct. Also on Monday, the Finance Ministry cut its forecast for 2014 economic growth to 1.0 percent, from 1.4 percent. With commodity prices expected to remain weak well into 2015 and soft demand seen from China and Europe, Thailand's trade and manufacturing sectors are seen dragging on the economy well into next...

  • BANGKOK, Dec 29- Thai factory output fell more than expected in November, the latest evidence that the country's economy is still struggling more than six months after the army took power to end prolonged political unrest. Thailand is grappling with poor exports and still-subdued domestic demand. On Monday, the Industry Ministry said factory output in...

  • Thailand's economic growth view goes under the knife Saturday, 27 Dec 2014 | 12:19 AM ET
    Thai baht banknotes

    Thailand's central bank said the country's economy will barely grow this year and cut its 2015 forecast, mainly on expectations exports will remain lackluster.

  • JAKARTA, Dec 22- The Ciliwung River flows from a volcano south of the Indonesian capital, through the heart of one of the world's most densely populated cities and almost into Jakarta Bay. The same is true for the rest of the half-dozen sewage-choked rivers that wind though central Jakarta. "Jakarta is a bowl, and the bowl is sinking," said Fook Chuan Eng, senior water...