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  • Philippine companies raising capital with creativity and ease

    MANILA -- International Container Terminal Services (ICSTI) and GT Capital Holdings, two domestic companies on expansion rolls in a burgeoning economy, are breaking new ground raising capital - and feeding strong international demand for Philippine

    July 24, 2014 09:30 pm JST
  • Tigerair's losses doubled in latest quarter

    SINGAPORE -- Tiger Airways Holdings, the struggling low cost carrier company 40% owned by Singapore Airlines, has recorded a net loss of 65.2 million Singapore dollars ($52.6 million) for the first quarter of its 2015 financial year ending in June -

    July 24, 2014 07:40 pm JST
  • Widodo to lead Indonesia amid expectations of ending elite control

    JAKARTA -- Indonesia has chosen a new leader both in name and substance for the first time in 10 years. Jakarta Governor Joko Widodo, popularly known as Jokowi, will lead Indonesia as its new president as he faces the challenge of uniting t

    July 24, 2014 07:00 pm JST
  • Beijing embarks on long slog against smog

    BEIJING -- China's smog-plagued capital, seeing tangible signs that air pollution is bad for business, has made several high-profile moves this year to clean its air. It is a daunting task. On a bad day, much of Beijing disappears into a thick,

    July 24, 2014 07:00 pm JST
  • Indonesia's rising costs, election cools foreign investment

    JAKARTA -- Foreign direct investment to Indonesia for the first six months of 2014 reached a record high, but the growth was slower than the last year, the government announced on Thursday. Indonesia Investment Coordinating Board said foreign dir

    July 24, 2014 06:28 pm JST
  • Dollar drifts within mid-101 yen zone as traders remain risk-wary

    TOKYO (Kyodo) -- The U.S. dollar moved narrowly within the mid-101 yen zone in Tokyo on Thursday, as signs of U.S. economic strength failed to inspire traders to buy the currency against a background of ongoing geopolitical tensions. At 5 p.m.,

    July 24, 2014 06:05 pm JST
  • Long-term JGBs rise as BOJ operation confirms strong market demand

    TOKYO (Dow Jones) -- Japanese government bonds rose Thursday, as buyers took a cue from a Bank of Japan debt-buying operation signaling strong market demand for long-term securities. The benchmark 10-year JGB yield was down one basis point at 0.

    July 24, 2014 05:00 pm JST
  • Saudi Aramco diversifying to break dependence on oil

    DUBAI, United Arab Emirates -- Saudi Aramco is stepping up its diversification efforts as it tries to wean itself off its crude oil dependence. The world's largest oil company manages 260.2 billion barrels of crude oil reserves each year and ope

    July 24, 2014 04:45 pm JST
  • Share prices of Malaysia Airlines, AirAsia X climb on merger speculation

    KUALA LUMPUR -- Malaysia Airlines continues to hog the headlines after two of its passenger planes crashed in less than five months. Its share price climbed 2.2% to a high of 0.23 ringgit ($0.07) in early trading Thursday on a local news report that

    July 24, 2014 04:00 pm JST
  • By allowing more Mexican pork imports, Japan hopes to pressure U.S.

    TOKYO -- Japan is set to lift a ban on pork imports from some regions in Mexico and also offer easier preferential tariff treatment to pig meat from the North American country, government sources told The Nikkei on Thursday. Japanese Prime Minis

    July 24, 2014 04:00 pm JST
  • Economic reforms 'make-or-break' for Thai junta

    BANGKOK -- A recent uptick in Thai economic indicators suggests that the country's economy is on the road to recovery after the May 22 coup. But analysts warn that without serious reforms, including promised measures to help narrow the gap between t

    July 24, 2014 03:30 pm JST
  • Thailand's CP Group to inject up to $1B in Itochu

    TOKYO -- Charoen Pokphand Group intends to inject roughly 80 billion yen to 100 billion yen ($780 million to $975 million) into Itochu. Thailand's largest conglomerate is expected to acquire up to slightly less than 5% of the Japanese trading h

    July 24, 2014 03:30 pm JST
  • Tokyo stocks edge lower amid lack of buying incentives

    TOKYO (Kyodo) -- Tokyo stocks fell slightly Thursday as investors held back from active trading amid a dearth of fresh buying incentives. The 225-issue Nikkei Stock Average ended down 44.14 points, or 0.29 percent, from Wednesday at 15,284.42. T

    July 24, 2014 03:23 pm JST
  • Sports car sales slump after tax hike, loan limit in Singapore

    SINGAPORE -- Sales of luxury sports cars have significantly dropped in Singapore, after the government introduced a tax hike for expensive cars as well as car loan restrictions in 2013. The six most popular high-end sports car brands, namely Porsche

    July 24, 2014 03:00 pm JST
  • 7-Eleven Malaysia looks to Japan for inspiration

    KUALA LUMPUR -- Fresh from an initial public offering in May that raised $226 million, 7-Eleven Malaysia is set for a major refurbishment and expansion of its outlets, and it is looking to Japan for ideas on store layouts and items to stock, such as

    July 24, 2014 02:00 pm JST
  • Dollar flat in mid-101 yen as U.S. optimism fails to break funk

    TOKYO (Kyodo) -- The U.S. dollar traded in a tight range in the mid-101 yen zone in Tokyo on Thursday morning as signs of U.S. economic recovery made only small ripples in a market wary of risk amid geopolitical concerns. At noon, the dollar fet

    July 24, 2014 01:45 pm JST
  • Japan, China battle over financial infrastructure

    TOKYO -- The Japanese government released the revised version of its Japan Revitalization Strategy for 2014 late last month. There was a low-profile but important measure in the strategy: Strengthening the yen's infrastructure. The measure is de

    July 24, 2014 01:20 pm JST
  • Dollar flat in mid-101 yen as U.S. optimism fails to break funk

    TOKYO (Kyodo) -- The U.S. dollar traded in a tight range in the mid-101 yen zone in Tokyo on Thursday morning as signs of U.S. economic recovery made only small ripples in a market wary of risk amid geopolitical concerns. At noon, the dollar fet

    July 24, 2014 01:17 pm JST
  • 1st Japan, tomorrow the world for South Korean IT startups

    TOKYO -- South Korean information-technology startups have set their sights on Japan, hoping to use the world's largest mobile app market as a springboard to global expansion. A delegation representing 19 such companies visited Tokyo recently to

    July 24, 2014 01:00 pm JST
  • Tokyo stocks edge up in morning on positive China economic data

    TOKYO (Kyodo) -- Tokyo stocks rose slightly Thursday morning, supported by positive Chinese manufacturing data for July released during the morning session. The 225-issue Nikkei Stock Average gained 16.36 points, or 0.11 percent, from Wednesday

    July 24, 2014 11:47 am JST