Asia
China Inflation, Production Accelerate, Adding Pressure for Stimulus Exit China’s inflation reached a 16-
month high, industrial output climbed and new loans exceeded
forecasts, adding to the case for the government to pare back
stimulus measures.
Metals, Oil Fall on China Inflation Surge; Yen, Dollar, Asian Stocks Rise Metals and oil dropped, while
the yen and dollar strengthened, after reports on Chinese
inflation, factories and loans raised concerns the government
would take steps to brake growth. Asian stocks advanced, led
by Japanese shares, on speculation the economy is recovering.
Japan's Economic Growth Revised Down to 3.8% as Business Spending Slumps Japan’s economy expanded less than
initially estimated in the fourth quarter as companies pared
spending and stockpiles as deflation deepened.
Sun Hung Kai Profit Gains 44%, Beating Estimates, on Higher Margins, Rents Sun Hung Kai Properties Ltd., the
world’s largest builder by market value, said fiscal first-half
underlying profit rose a more-than-expected 44 percent on wider
margins on real estate sales and increased rental income.
JPMorgan Chase Said to Form China Banking Joint Venture With First Capital JPMorgan Chase & Co. will set up a
securities joint venture in China with First Capital Securities
Co., two people with knowledge of the matter said.
Nomura's Wang, Feldkamp Leave as Former Lehman Managers Depart Brokerage Nomura Holdings Inc.’s vice
chairman of China investment banking and head of equity capital
markets for Asia outside Japan left the Tokyo-based company,
according to people with knowledge of the departures.
Australia Employment Rises Less-Than-Estimated; Jobless Rate Gains to 5.3% Australian employers added the
fewest jobs in six months in February, suggesting the central
bank has room to slow the pace of future interest-rate increases.
Korea's NHN Said to Be Among the Bidders for LDH's Livedoor Internet Unit NHN Corp., the owner of South
Korea’s biggest Web search engine, is among the final bidders
for LDH Corp.’s Livedoor Co. Internet unit, three people with
knowledge of the matter said.
Thai Bonds May Advance as Investors Brace for Protests, ING, Aberdeen Say Thailand’s government bonds, the
second-best performers in Asia this year, will extend gains as
investors seek safety in fixed-income assets amid protests
against Prime Minister Abhisit Vejjajiva, said ING Groep NV.
Putin Visits India in Race With U.S., Europe for Arms, Nuclear Agreements Russian Prime Minister Vladimir
Putin arrives in New Delhi tonight to fend off competition from
the U.S. and Europe to supply arms and nuclear energy to India.
Thai Protesters to March on Bangkok's Main Roads, Risking Security Clash Thai anti-government protesters
plan to march on major roads in Bangkok tomorrow, risking a
confrontation with security forces charged with preventing them
from paralyzing traffic.
Indonesia's Yudhoyono Wants Australian Firms to Tap Energy-Rich Provinces Indonesian President Bambang Susilo
Yudhoyono said expanding trade links with Australia is an
opportunity for companies to invest in his country’s energy-rich
eastern region.
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