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Hulu shows heading for Nintendo Wii and 3DS

Nintendo said Friday that online video service Hulu Plus will stream movies and television shows to Wii and 3DS videogame systems by the end of the year.
The Japanese videogame giant also planned to release in November a software update that will let people record 3D video using the latest version of its handheld [...]

Read More » No commentOctober 22, 2011

India’s Maruti looks to rebuild as strike ends

The latest in a series of strikes at India’s top car maker Maruti Suzuki came to an end on Friday, at a cost of $400 million in lost production and major damage to the group’s reputation.
Maruti, which is majority-owned by Japan’s Suzuki Motor Corp, said the 13-day strike at its Manesar plant was called off [...]

Read More » No commentOctober 22, 2011

Cairn India profit tumbles on royalty payment

Britain’s Cairn Energy India unit reported a 52 percent plunge in quarterly net profit on Thursday, hit by a one-time provision for crude output royalty payments.
Announcement of the figures come as the long-delayed $6-billion sale of a controlling stake in Cairn India is expected to be completed “shortly” to British mining giant Vedanta, [...]

Read More » No commentOctober 21, 2011

‘Limited’ production starts at Maruti strike plant

India’s largest carmaker, Maruti Suzuki, resumed “limited” production Monday at a plant hit by a bitter labour dispute that has cost the Japanese-controlled firm hundreds of millions of dollars.
Striking workers, protesting Maruti’s refusal to recognise their union and the growing use of contract workers, ended an eight-day occupation of the plant in north India on Friday night, in [...]

Read More » No commentOctober 17, 2011

China’s Wen pledges stable yuan to exporters: report

SHANGHAI (Reuters) – Chinese Premier Wen Jiabao said China’s exchange rate would remain stable to protect exporters, the official Xinhua news agency reported.
Wen said on Saturday “a basically stable exchange rate” would help maintain a steady level of exports and enhance business confidence, China’s state radio reported.
China will also actively seek to expand [...]

Read More » No commentOctober 17, 2011

Russia halts oil supply to China after earthquake: company

Russian oil transport monopoly Transneft on Friday had to temporarily stop oil deliveries to China after a 6.1 magnitude earthquake hit Russia’s Far Eastern Amur region.
Transneft resumed pumping oil around 1200 GMT, Transneft spokesman Igor Dyomin said, following the lifting of the earthquake alert.
“We have stopped freight shipments as well as pumping (oil) to [...]

Read More » No commentOctober 17, 2011

Sony halts 93,000 online accounts in new breach

Sony said on Wednesday it suspended 93,000 accounts on its online entertainment networks after detecting a wave of unauthorised sign-in attempts, months after a huge breach forced it to halt some services.
The attack took place between October 7 and 10 and succeeded in matching valid sign-in IDs and passwords from about 93,000 accounts on its [...]

Read More » No commentOctober 12, 2011

India’s Infosys Q2 net profit up almost 10%

Indian software services giant Infosys reported Wednesday quarterly profit rose 9.7 percent, in line with forecasts, helped by a rise in outsourcing orders and a weak rupee.
Consolidated net profit for the three months to September rose to 19.06 billion rupees ($388 million) from 17.37 billion rupees a year earlier, the Bangalore-based firm said in a [...]

Read More » No commentOctober 12, 2011

Asia stocks rebound ahead of US earnings

BANGKOK (AP) — Asian stock markets overcame early losses to mostly gain Wednesday as investors hoped for good news from the slew of corporate earnings reports due soon in the U.S.
Oil prices fell to near $85 a barrel while the dollar was stronger against the euro and the yen.
Asian stocks initially slipped after Slovakia, one [...]

Read More » No commentOctober 12, 2011

HSBC sees Asia trade doubling to $14 trillion by 2025

HONG KONG (Reuters) – Asia’s trade volume will almost double by 2025 and will be the key driver of world trade growth despite current global economic headwinds, HSBC said in a report on Tuesday.
Asia’s trade volume will grow 96 percent to nearly $14 trillion by 2025, recording annual year-on-year growth of 4.8 percent versus [...]

Read More » No commentOctober 11, 2011