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  • Eyeing Southeast Asia, India

    Shimadzu looks beyond China for growth

    SINGAPORE -- Precision instruments maker Shimadzu aims to grow its sales in Asia, excluding its home country Japan and China, 40% by fiscal 2016, President Akira Nakamoto said Wednesday. It will shoot for 31 billion yen ($259 million) in revenue

    March 5, 2015 06:16 am JST
  • Rajan, Modi in sync

    India's interest rate cut is bid for growth

    MUMBAI -- The Reserve Bank of India unexpectedly cut interest rates for the second time this year Wednesday as part of a joint effort with the government to boost the economy. The central bank lowered its policy rate by 25 basis points to 7.5%.

    March 5, 2015 05:24 am JST
  • Ditching the stick

    Suzuki offers more cars with simple automatic transmission in India

    TOKYO -- Suzuki Motor is widening the range of cars on offer in India that come equipped with its simple and inexpensive automatic transmission. Suzuki's proprietary Auto Gear Shift is an automated manual transmission, essentially a manual trans

    March 5, 2015 03:31 am JST
  • India

    Beef consumption criminalized in Maharashtra

    NEW DELHI -- Beef has fallen off the menus of Mumbai, India's commercial hub, and other parts of western Maharashtra state where anyone found selling or possessing the world's favorite red meat could now face jail time of up to five years. Mahar

    March 5, 2015 12:10 am JST
  • Foreign employees in Japan tasked with hiring new workers

    TOKYO -- More and more Japanese companies are letting foreign employees hire promising colleagues from abroad, increasing their ranks of international workers as part of their efforts to expand operations overseas. Nisshinbo Holdings established

    March 5, 2015 12:00 am JST
  • Nicholas Spiro: Investors should tread carefully in emerging Asian bonds

    Investor sentiment toward government debt markets in developing economies has been fairly bleak since May 2013. That month, the U.S. Federal Reserve stunned markets by announcing its intention to wind down its asset purchase program. Last year w

    March 5, 2015 12:00 am JST
  • Frederic Neumann: Asia needs to go easy on rate cuts

    Asia is staring at deflation. And central bankers are responding. In recent weeks, officials from India to Australia unexpectedly eased monetary policy. Indonesia is just the latest country to cut interest rates -- a glaring current-account deficit

    March 5, 2015 12:00 am JST
  • Carmen M. Reinhart: Are negative real interest rates the 'new normal'?

    Some questions can only be answered by examining the broad sweep of history. Over the past 150 years, "world" real interest rates have ventured into negative territory (yielding less than the rate of inflation) on a sustained basis on only four occa

    March 5, 2015 12:00 am JST
  • Modi's first budget tries to deliver on promises

    NEW DELHI -- Prime Minister Narendra Modi's first full-year budget has pledged an 8.1% increase in spending on industries including farming, manufacturing, energy and telecommunications. It also promises a 15.1% rise in spending on social security,

    March 5, 2015 12:00 am JST
  • India leaning toward Japan's bullet train tech

    NEW DELHI -- Japan's shinkansen bullet train technology is the leading candidate for a planned 500km railway linking the western city of Mumbai and the state of Gujarat to the north, the first step in India's extensive high-speed rail project. T

    March 5, 2015 12:00 am JST
  • Vijay Sakhuja

    China's 'infrastructure diplomacy' alive and well

    China's infrastructure investment drive in Sri Lanka appears to have hit a temporary roadblock. Shortly after his election in January, President Maithripala Sirisena warned of scrapping the $1.34 billion Colombo port project inaugurated during last

    March 4, 2015 07:00 pm JST
  • Sun Pharmaceutical

    Indian company to buy GSK's opiates business in Australia

    MUMBAI -- Major Indian generic drugmaker Sun Pharmaceutical Industries said it will buy British pharmaceutical company GlaxoSmithKline's Australia-based opiates business. Sun Pharma plans to expand its overseas business through an aggressive buyout

    March 4, 2015 04:48 pm JST
  • Indian surprise

    Rajan cuts policy rate to 7.5%

    NEW DELHI -- The Reserve Bank of India on Wednesday announced another surprise interest rate cut, bringing down the repo rate 25 basis points to 7.5%, the second such move outside the monetary policy cycle in less than two months. The new rate t

    March 4, 2015 03:10 pm JST
  • India central bank cuts key rate to 7.5%

    MUMBAI (Dow Jones) -- The Reserve Bank of India surprised markets Wednesday with an unscheduled cut to its key lending rate, indicating that it is joining a widespread easing in monetary policy the world over. The RBI cut its main repurchase rat

    March 4, 2015 01:05 pm JST
  • Indian technology firms

    Startups like India's money but want more government action

    NEW DELHI -- Technology startups in India are getting a financial boost from the government, but entrepreneurs say that more could be done to support growth in the industry. India announced in February a 10 billion rupee fund ($161.5 million) fo

    March 3, 2015 09:16 pm JST
  • A new drinking class

    India's latest big spenders are turning to wine

    NEW DELHI -- Alcohol consumption in India is breaking free from the constraints formerly placed on its social acceptability by religious conservatism. The new found freedom is leading members of the new middle class to a drink enjoyed by many wealth

    March 2, 2015 07:45 pm JST
  • Record highs

    Poor supply pushes up Japan pepper prices

    TOKYO -- Pepper prices are rising in Japan amid a global shortage. Poor harvests in Asia, growing demand for pepper in emerging countries and the weaker yen have all played a part. Japan pays about 2,200 yrn to 2,300 yen ($18.29-$19.12) per kilo

    March 2, 2015 01:00 pm JST
  • Big defense outlay

    Modi wants to spend $288.4 billion in fiscal 2015

    NEW DELHI -- Declaring that "India is about to take off," Finance Minister Arun Jaitley on Saturday unveiled a fiscal 2015 budget calling for 17.77 trillion rupees ($288.4 billion) in spending. It is Prime Minister Narendra Modi's first full fiscal

    March 1, 2015 01:05 am JST
  • New infrastructure

    India favors Japan's bullet train tech

    NEW DELHI -- Japan's "shinkansen" bullet train technology is the leading candidate for a planned 500km railway linking Mumbai and the state of Gujarat, the first step in India's extensive high-speed rail project. The Indian and Japanese governme

    February 28, 2015 05:58 am JST
  • Facebook

    Swatting anti-social bugs

    NEW DELHI -- Facebook users in India flagged the most bug threats to the social network last year in a bounty scheme that has been identifying genuine security flaws since its launch in 2011 and has so far paid out over $3 million in bounties. O

    February 27, 2015 11:42 pm JST