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  • Vingroup

    Warburg Pincus ups investment in malls operator

    HO CHI MINH CITY -- New York private equity company Warburg Pincus on Monday announced it was pumping another $100 million into Vingroup's retail arm, Vincom Retail, bringing its total investment to $300 million. That makes Warburg Pincus o

    July 1, 2015 08:40 pm JST
  • Greece offers conditional okay to bailout, Germany sceptical

    ATHENS/BRUSSELS (Reuters) -- Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept their last bailout offer if some conditions were changed, but Germany expressed scepticism while saying the door was s

    July 1, 2015 08:35 pm JST
  • $80 high-performance Japanese masks are all the rage amid MERS fear

    NAGOYA (Kyodo) -- A high-performance mask made in central Japan and sold for a whopping 9,980 yen (about $81) has been a big hit since the first MERS patient in South Korea was confirmed in May. The mesh products manufacturer Clever said daily p

    July 1, 2015 07:01 pm JST
  • QUICK survey

    Specialists predict 0.459% JGB yield at July-end

    TOKYO -- Bond specialists predict that the yield on 10-year Japanese government bonds will be 0.459% on a simple average at the end of July, according to a monthly market survey by QUICK. That tops their one-month forecast of 0.402% in the previous

    July 1, 2015 07:00 pm JST
  • Investor's paradise

    Global hedge funds settle in Singapore, invest in Japan

    SINGAPORE -- Singapore is only a bit larger in area than central Tokyo, yet its hedge fund environment is noticeably more vibrant. One reason for this is the Financial Sector Incentive Scheme for Fund Managers, a set of tax incentives unique to Si

    July 1, 2015 07:00 pm JST
  • Faster communiques

    BOJ hopes to nip any chaos in the bud

    TOKYO -- The Bank of Japan has decided to change how it reports what is said during its monetary policy meetings to better communicate the intention and the background of its policy board's decisions to the financial markets. One issue that has

    July 1, 2015 07:00 pm JST
  • Constitutional blocks

    Suu Kyi's party faces election-year identity crisis

    YANGON -- Aung San Suu Kyi's path to the presidency of Myanmar remains blocked, after parliament nixed crucial constitutional amendments. Inside the country and abroad, many are wondering what is next for the Nobel peace laureate and her opposition

    July 1, 2015 07:00 pm JST
  • Former innovation powerhouse

    Sony losing its ability to hire 'best and brightest'

    TOKYO -- After years of struggling to reenergize its sputtering money-making machine and regain its technological edge, Sony recently produced some good news for its shareholders. The electronics giant has apparently managed to put itself on the

    July 1, 2015 07:00 pm JST
  • 'Whale' watching

    Pension funds to make even bigger splash in Japan's stock market

    TOKYO -- The "four whales" of the Japanese stock market are about to get bigger and bolder. The Government Pension Investment Fund and three mutual pension funds are not only changing their asset allocations, they are also shifting to a more aggress

    July 1, 2015 07:00 pm JST
  • Malaysia economy

    Fitch keeps A- sovereign rating, upgrades outlook

    KUALA LUMPUR -- Malaysia has managed to keep its sovereign rating at investment-grade, escaping an expected cut from Fitch Ratings, spurring a rise in stocks and its currency. Fitch on Tuesday maintained Malaysia's long-term rating at A- and rev

    July 1, 2015 06:40 pm JST
  • Dollar rises to upper 122 yen range as risk-averse mood eases

    TOKYO (Kyodo) -- The U.S. dollar rose to the upper 122 yen range on Wednesday in Tokyo as the risk-averse sentiment sparked by the Greek debt crisis eased somewhat and Japanese stock prices advanced. At 5 p.m., the dollar fetched 122.61-63 yen c

    July 1, 2015 06:25 pm JST
  • Toyota exec Hamp resigns after arrest over drug import

    TOKYO (Kyodo) -- Toyota Motor Corp. said Wednesday its first female managing officer Julie Hamp has resigned after being arrested last month for allegedly importing a narcotic painkiller to Japan. Toyota "accepted her resignation after consideri

    July 1, 2015 06:18 pm JST
  • JGBs fall after better-than-expected BOJ Tankan

    TOKYO (Dow Jones) --Japanese government bonds fell Wednesday after the Bank of Japan's latest business sentiment survey inspired optimism over the nation's economy. The quarterly poll showed the largest manufacturers feeling better about busines

    July 1, 2015 05:35 pm JST
  • China adopts new security law, tightening grip on society, Internet

    BEIJING (Kyodo) -- China's top legislature adopted Wednesday a wide-reaching national security law that includes measures for tightening the country's already strict controls on civil society and the Internet.The legislation, passed by the Standing

    July 1, 2015 05:25 pm JST
  • Death toll in Indonesian military plane crash rises to 139

    JAKARTA (Kyodo) -- The death toll from Tuesday's crash of an Indonesian military transport plane on Sumatra Island rose to 139 as an investigation to reveal the cause of the accident was ongoing, military officials said Wednesday. Didiet Setiobo

    July 1, 2015 05:03 pm JST
  • Frederic Neumann

    Greek turmoil is not without risks to Asia

    The coming weeks will prove critical for Greece's membership of the eurozone. For Asia, the immediate impact of a potential "Grexit" should be manageable. A powerful policy response by major central banks and comfortable reserve buffers in the regio

    July 1, 2015 04:00 pm JST
  • Tokyo stocks rise as domestic optimism trumps wariness on Greece

    TOKYO (Kyodo) -- Tokyo stocks rose on Wednesday as optimism on Japan's economic outlook buoyed by an upbeat Bank of Japan Tankan survey managed to counteract ongoing concerns over Greece's debt crisis. The 225-issue Nikkei Stock Average ended up

    July 1, 2015 03:42 pm JST
  • Debt crisis

    Greece misses deadline for repayment to IMF

    BRUSSELS/WASHINGTON (Kyodo) -- The International Monetary Fund said Tuesday that Greece had not repaid 1.6 billion euros owed to the international institution by the time the deadline for repayment expired the same day. The IMF said that Greece

    July 1, 2015 02:52 pm JST
  • Nikkei PMI

    Factory activity losing steam across Asia

    TOKYO -- Asia's factory activity lost steam across the landscape in June, as output and new orders slowed. In India, the Nikkei India Manufacturing Purchasing Managers' Index, or PMI, fell from 52.6 in May to 51.3 in June as new business inflows

    July 1, 2015 02:00 pm JST
  • Tankan survey

    Japanese business sentiment on the rise

    TOKYO -- The Bank of Japan's quarterly survey of business sentiment, released Wednesday, suggests that a domestic demand-led economic recovery is slowly spreading. The Tankan survey for June shows major manufacturers have increased their capital

    July 1, 2015 01:44 pm JST