Asia
BOJ May Expand Lending Program by at Least $55 Billion to Tackle Deflation Japan’s central bank may increase
a credit program by at least 5 trillion yen ($55 billion) today
to stem deflation as separate credit measures are set to expire.
South Korea Central Bank Successor Kim May Tighten Links With Government Kim Choong-soo, picked by South
Korea’s government yesterday to take the central bank’s helm
next month, may bolster coordination with political leaders
resisting any move to raise interest rates.
San Miguel Plans $1 Billion in Asset Sales to Finance Expansion, Ang Says San Miguel Corp. plans to raise
$1 billion selling stakes in its food, packaging and liquor
businesses to fund the Philippines’ biggest food and drinks
maker’s growth and acquisitions.
Ambani's Reliance Is Said to Be in Talks to Invest in Atlas's Shale Assets Reliance Industries Ltd., the owner
of the world’s largest fuel-making complex, is in talks with
Atlas Energy Inc. to invest in the U.S. natural-gas producer’s
shale assets, a person familiar with the negotiations said.
Qantas's Jetstar Expects Lower Costs as Demand, New Routes Boost Traffic Jetstar, Qantas Airways Ltd.’s
budget airline cost unit, expects to further reduce costs as
rising Asian travel demand and new routes boost traffic.
Markit Said to Plan Index Tracking Asian Government Credit-Default Swaps Markit Group Ltd., the London-based
provider of bond and derivatives indexes, plans to create a
benchmark for credit-default swaps on Asia-Pacific governments,
according to six traders familiar with the matter.
Google Partners in China Say Its Stance on Country Is Putting Them at Risk Google Inc.’s partners in China
said they have received no information from the company since it
announced it may exit the country, putting their businesses at
risk.
Honda Recalls 412,000 Odyssey Vans, Element Wagons to Repair `Soft' Brakes Honda Motor Co. recalled 412,000
U.S. vehicles including the Odyssey, the country’s best-selling
minivan last year, to fix a brake-system flaw that spurred
driver complaints of “soft” pedal feel.
Fast Retailing May Make More Sales Overseas in Four Years, Chairman Says Fast Retailing Co., Asia’s biggest
clothing retailer, expects overseas sales to overtake domestic
revenue in as soon as four years, driven by expansion of its
Uniqlo stores in China and South Korea.
Mumbai Terror Plot Suspect Headley Will Change Plea to Guilty, Lawyer Says David Coleman Headley, a Chicago
man accused of helping plot the November 2008 Mumbai terror
attacks and a never-executed assault on a Danish newspaper, will
enter a guilty plea before a U.S. judge, his lawyer said.
Senate Pressure May Force Obama to Take Stronger Stance on Yuan's Value The latest push by U.S. lawmakers
to target China’s currency policy may force President Barack
Obama to take a stronger stance against how the yuan is valued,
senators and analysts said.
North Korea's `Draconian' Currency Revaluation Led to Food Crisis, UN Says The North Korean government’s
revaluation of its currency last year caused severe inflation
and, combined with a poor harvest, produced “widespread
suffering,” a United Nations human rights analyst said.
FEEDBACK
HOME
