Latest Asia Business News
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Cokes Atul Singh elevated to global role
Atul Singh , presently president & CEO, India and south west Asia as its deputy president, Pacific group. Singh, the first Indian within the Coca-Cola system to be given such a significant global role, will oversee two key and growing markets for the cola major -- India and China -- which together contribute 10% of the company's volumes. It was last year that India moved into the ...
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Re snaps 2-day fall up 7 paise vs dollar
Interbank Foreign Exchange (Forex) market, the domestic unit commenced better at 58.74 a dollar from previous close of 58.77, which is its all-time low on a closing basis. However, in a session marked with volatility the rupee moved erratically in a range of 58.61 and 58.91 against the US dollar. It ended at 58.70, a rise of 7 paise or 0.12 per ...
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Sensex recovers 22 points on late buying
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Strong Japan Export Data Pushes up Nikkei
Even as investors remain on the sidelines ahead of the conclusion of the Fed's 2 day meeting and especially Ben Bernanke's testimony later in the day, there was great volatility during the Asian session. Traders were either reacting to the bullish Japan export data or setting up positions ahead of the Bernanke testimony later today. In Asia the stocks were broadly ...
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Apple chief makes case against Adobe Flash software
Last week, JSPL shares crashed 24% after the CBI registered an FIR against the company and Naveen Jindal over landing coal fields by alleged ...
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Hang Seng Shanghai end lower
(1 hr 3 mins ago) Hong Kong stocks finished 1.13 percent lower on Wednesday, hit by reports that property tax trials will be launched in China this year in a bid to cap soaring prices. The benchmark Hang Seng Index ended down 238.99 points at 20,986.89 on turnover of HK$61.88 billion, AFP reports. Chinese stocks closed down 0.73 percent. The benchmark Shanghai Composite Index fell 15.84 ...
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Sensex extends losses drops 102 points
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Nikkei jumps 1.8pc at close
(44 mins ago) Stocks in Tokyo closed 1.83 percent higher, ahead of the Federal Reserve ending its policy meeting and as official data showed Japan's exports soared in May thanks to a weaker yen. The benchmark Nikkei 225 index jumped 237.94 points to 13,245.22, while the Topix index of all first-section shares rose 1.86 percent, or 20.17 points, to 1,106.57. ...
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Asian mkts tense before Fed meet Nikkei gains
European stocks were expected to open steady ahead of the conclusion of the Fed's June 18-19 meeting. A policy statement is due at 1800 GMT and Fed ...
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Nikkei climbs to 1-week high on SoftBank investment trust
* Nikkei rises 1.8 pct, Topix up 1.9 pct * Japan stocks fwd P/E falls to level not seen since BOJ action * SoftBank gains after Dish says abandons Sprint bid * TEPCO sinks, says finds highly toxic strontium in Fukushima groundwater By Dominic Lau TOKYO, June 19 (Reuters) - Japan's Nikkei average hit a one-week high on Wednesday, with traders citing the launch of a near $780 million ...
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Nikkei up as softer yen boosts exporters
Sydney - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street plus a softer yen, outperforming the rest of Asia which anxiously seeks clarity on the Federal Reserve's next policy ...
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What Bust Australia Set for Huge Boom Report Says
Australia's economy has been clouded with negative forecasts in recent weeks with some even warning of a dip back into recession, but a recent report argues the economy is poised for a rapid acceleration in the coming months. According to Clifford Bennett, chief economist of the financial services firm White Crane Group, which publishes the White Crane Report, Australia is set for a major ...
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Awaiting China PMI Things Could Get Even Worse
Activity in China's vast manufacturing sector may have decelerated further in June, the flash estimate of the HSBC China purchasing manager's index (PMI) is expected to show, exacerbating worries about a downturn in the world's second largest economy. The closely-watched flash PMI survey due on Thursday could fall to as low as 48.7, according to estimates by Credit Agricole and ...
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Emerging Market Allocations Hit Lows
Investor confidence in emerging markets is continuing to plummet, with a recent fund managers' survey showing that equity investment in the group of countries has fallen to its lowest level since December 2008. The BofA Merrill Lynch Fund Manager Survey for June showed that about 9 percent of asset allocators were underweight emerging market equities - the first underweight reading since ...
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Rupee recovers 15 paise against dollar
MUMBAI: The rupee recovered by 15 paise to 58.62 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange market on increased selling of the US currency by exporters. However, dollar's strength against other currencies overseas capped the rupee's gain as investors await the conclusion of ...
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Sensex down 62 points
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Asian businesses optimistic sentiment in India falls
That’s how many engineers graduate in India every year. And they have never found it so hard to land a job. Some blame the slack job market, others point to poor quality of colleges and ...
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Sell-offs across Asia as Nikkei drops 6.4 on BoJ disappointment World Bank weighed
Asian stocks slipped on Thursday as Nikkei triggered sell-offs across the region after falling more than 6%, which places the index in a bear market, while the dollar/yen fell towards the 94-mark on BoJ’s lack of action to calm markets, pushing exporters ...
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Asian stocks jump as Nikkei recovers some losses following strong U.S. data
Asian stocks jumped Friday as strong U.S. data lifted confidence about the ability of the U.S. economy to withstand any cut in stimulus. The upbeat retail sales and jobless claims triggered a rally on Wall Street and soothed the panicking Asian markets ahead of next weeks Federal Reserve policy ...
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Fish Prices Leap to All-Time High Thanks to China
Global fish prices have leapt to all-time highs as China's growing appetite for high-end species - from tuna to oysters - runs up against lower catches. The UN Food and Agriculture Organisation's global fish price index, an industry benchmark that tracks the cost of wild and farmed seafood, hit a record high in May, up 15 per cent from a year ago and above the peak set in mid 2011. ...
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Nikkei rises 1.3 pct on weak yen Fed hopes Softbank soars
* Investors still cautious ahead of Fed outcome * Softbank soars after Dish abandons Sprint bid * Tepco tumbles as highly toxic substance found at plant By Ayai Tomisawa TOKYO, June 19 (Reuters) - Japan's Nikkei share average rose to a one-week high on Wednesday morning, underpinned by optimism that the U.S. Federal Reserve would temper worries about an imminent roll back of its stimulus ...
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Cathay Pacific traffic figures for May 2013
Cathay Pacific Airways released combined Cathay Pacific and Dragonair traffic figures for May 2013 that again show a year-on-year drop in the number of passengers carried and cargo and mail tonnage. Cathay Pacific and Dragonair carried a total of 2,338,703 passengers in May – a drop of 0.8% compared to the same month last year. The passenger load factor was up by 0.5 percentage points ...
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Singapore Airlines May 2013 operating results
The operating results for May 2013 are given in the table below: In May 2013, Singapore Airlines' system wide passenger carriage (measured in revenue passenger kilometres) increased 1.3% on the back of 3.1% growth in capacity (measured in available seat kilometers). Consequently, passenger load factor (PLF) fell by 1.2 percentage points to 74.6%. The number of passengers carried ...
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Hong Kong Investigates HSBC for Manipulating Rates
Hong Kong's de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks.The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate ...
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Japanese Exports Soar on Weak Yen
Japanese exports rose a stronger-than-expected 10.1 percent in May from a year earlier, compared with a 3.8 percent rise the previous month in a sign that a ...
Hong Kong Feature
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Electoral reform hot topic for Hong Kong
Hong Kong is going through more growing pains, perhaps even the most uncomfortable since the city was handed back to Beijing by Britain. Pro-democracy advocates want to be able to vote for the entire legislative council, a direct challenge to Beijing.
Hong Kong was handed back to China in 1997. At that time, Beijing made an agreement with Britain that under a law called the Basic Law, all the civil liberties which were existent in Hong Kong at the time of the hand over would remain in place for at least 50 years, by which time it is envisioned, by the pro-democracy camp at any rate, that the Special Administrative Region will be fully democratic at any rate. Read more
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