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Asia News

Report: Sanyo to cut 1,000 workers

Asia Business (Yahoo) - 47 min 1 sec ago
Sanyo Electric Corp. is considering cutting up to 1,000 domestic workers in the next few months, as it scales back unprofitable businesses ahead of an expected buyout by Panasonic Corp., a press report said Tuesday.
Categories: Asia News

Japan's top CEOs say crisis shows US shortcomings

Asia Business (Yahoo) - 52 min 1 sec ago
Japan's business leaders said Tuesday the U.S. financial crisis has shown the shortcomings of America's freewheeling approach to business, but defended the end of this nation's tradition of lifetime employment as needed to keep up with global changes.
Categories: Asia News

Hong Kong's key stock index falls 0.4 percent

Asia Business (Yahoo) - 1 hour 1 sec ago
Hong Kong shares fell modestly Tuesday, as investors sold Chinese telecom companies that had gained recently after Beijing approved next-generation mobile licenses.
Categories: Asia News

China Urges 'Reasonable' Property Pricing

What's New Asia (AWSJ) - 1 hour 4 min ago
China urged real-estate developers to use "reasonable" pricing to revive the sector, saying house prices remain unaffordable for most Chinese.

Categories: Asia News

South Korea Unveils Jobs Program

What's New Asia (AWSJ) - 1 hour 13 min ago
South Korea unveiled a job-creation program worth $32.7 billion, adding to a fiscal stimulus package announced early last month and focused chiefly on tax cuts.

Categories: Asia News

GM's China Sales Growth Slips

What's New Asia (AWSJ) - 1 hour 23 min ago
General Motors's flagship passenger vehicle joint venture in China posted its first decline in sales in 2008, a lackluster year for the U.S. auto maker's local operations as overall sales growth slowed sharply.

Categories: Asia News

Toyota to shut production plants for 11 days

Asia Business (Yahoo) - 1 hour 45 min ago
Toyota Motor Corp. said Tuesday that it would suspend production at all of its domestic plants for 11 days between February and March in response to a slump in sales.
Categories: Asia News

Toyota Extends Production Halt

What's New Asia (AWSJ) - 1 hour 55 min ago
Toyota announced further cutbacks in its domestic output and will halt production for 11 days in February and March.

Categories: Asia News

China Approves Deutsche Bank Venture

What's New Asia (AWSJ) - 2 hours 5 min ago
Deutsche Bank became the latest foreign bank to receive approval for its Chinese joint venture, allowing the German bank to underwrite and sponsor deals in China's securities market.

Categories: Asia News

Nikkei Rises on Yen Weakness

What's New Asia (AWSJ) - 2 hours 6 min ago
Japan and most other Asian markets were resilient, with the Nikkei rising 0.4% on yen weakness. Hong Kong shares fell after a recent rally.

Categories: Asia News

Taiwan dollar at 2-1/2-wk low, exporters support

Asia Business (Yahoo) - 2 hours 39 min ago
(Updates with close, quotes)
Categories: Asia News

China shares up on government support pledge

Asia Business (Yahoo) - 2 hours 56 min ago
Chinese shares rose for a second day Tuesday on investor hopes about government pledges to boost economic growth.
Categories: Asia News

NKorea reshuffles cabinet to focus on economy

Asia Business (Yahoo) - 3 hours 1 sec ago
Communist North Korea has replaced at least nine cabinet ministers in a major reshuffle seen as a new bid to revive its stagnant economy, Seoul officials said Tuesday.
Categories: Asia News

Japan stocks rise on weaker yen, US stimulus plan

Asia Business (Yahoo) - 3 hours 12 min ago
Japanese stocks rose Tuesday as investors turned upbeat on President-elect Barack Obama's proposed economic stimulus package, and exporters got a boost from a weaker yen.
Categories: Asia News

Indonesia plant of Waterford Wedgwood to keep running: director

Asia Business (Yahoo) - 3 hours 15 min ago
The Indonesian plant of troubled Irish crystal and pottery maker Waterford Wedgwood will keep running despite its parent struggling to stay afloat, the subsidiary's director said Tuesday.
Categories: Asia News

Japanese Firms, Flush With Cash, Step Up Deals

What's New Asia (AWSJ) - 3 hours 23 min ago
Japan's cash-rich trading companies are on the hunt for bargain acquisitions outside Japan, seizing the opportunity to expand.

Categories: Asia News

China warns exporters over growing payment risks: govt

Asia Business (Yahoo) - 3 hours 32 min ago
China has warned exporters they may end up not getting their money as the international financial crisis has eroded foreign banks' and importers' ability to pay.
Categories: Asia News

S.Korean MPs end blockade, ready to vote on reforms

Asia Business (Yahoo) - 3 hours 32 min ago
(Adds committee meeting, MPs' statements)
Categories: Asia News

U.S. Auto Sales Continue to Skid

What's New Asia (AWSJ) - 3 hours 41 min ago
GM, Toyota and Ford all reported U.S. sales declines of more than 30% for December, capping off a dismal year for the auto industry.

Categories: Asia News
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