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Risk Of Hard Landing Rises As China Begins Monetary Easing

Chinese policymakers have begun to selectively ease macroeconomic policy to support growth, according to Barclays’ analysts.  While full on easing won’t come until 2012, China will face a significant economic slowdown as the export sector feels the impact of a fragile global economy, and residential investment, which makes up 12% of GDP, falls drastically as [...]

Read More » No commentNovember 19, 2011

Japan Inc steps up shift overseas as yen stays high

TOKYO (Reuters) – Japan’s big manufacturers led by Panasonic Corp and Nissan Motor Co Ltd are speeding up their shift overseas, in a sign corporate Japan sees the strong yen as a long-term handicap rather than a temporary blip.
A sluggish home market and energy shortages following the widespread nuclear power shutdown sparked by [...]

Read More » No commentNovember 19, 2011

Reliance, BP create gas firm in India

India’s Reliance Industries and British giant BP on Friday announced the creation of an equal joint venture firm to source and market natural gas in India, according to a statement.
The move marks the next step in the $7.2 billion deal that Reliance and BP completed recently, through which the British giant acquired a [...]

Read More » No commentNovember 19, 2011

Boeing Dreamliner makes first commercial flight

Boeing’s new 787 Dreamliner made its first commercial flight on Wednesday, giving a handful of deep-pocketed passengers the chance to fly into history on what is touted as an aviation breakthrough.
Carrying 252 people including corporate VIPs, aviation buffs and a large press pack, the All Nippon Airways (ANA) flight flew from Tokyo’s Narita [...]

Read More » No commentOctober 27, 2011

Olympus chairman stepping down amid scrutiny

TOKYO (AP) — Olympus Corp. said Wednesday that Chairman and President Tsuyoshi Kikukawa is stepping down amid widening scrutiny into acquisitions after the company’s British ex-CEO alleged financial wrongdoing.
The Japanese camera and medical device maker said the move was to take responsibility for the troubles caused to customers, business partners and investors over recent media [...]

Read More » No commentOctober 27, 2011

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