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  • India car sales growth slows as cash crunch impact persists

    MUMBAI (NewsRise) - Car sales in India lost momentum in February after a spike in the previous month, as consumer sentiment in Asia's third-largest economy remained subdued following a government cash recall that dented demand for automobiles.Accord

    March 10, 2017 07:52 pm JST
  • India's Modi meets with Toyota, Suzuki chiefs

    MUMBAI -- Indian Prime Minister Narendra Modi met Thursday with Toyota Motor President Akio Toyoda and Suzuki Motor Chairman Osamu Suzuki, raising expectations of collaboration in India.The two Japanese automakers concluded a memorandum on a busines

    March 10, 2017 06:30 am JST
  • BASF opens large R&D center in India

    FRANKFURT, Germany -- BASF has set up a vast research and development facility in the Indian city of Mumbai as a part of efforts to bolster sales in the Asia-Pacific region.Standing on a roughly 20,000-sq.-meter plot, Innovation Campus Asia-Pacific

    March 10, 2017 02:30 am JST
  • Japan petitions WTO to settle Indian steel tariff dispute

    TOKYO -- The Japanese government said Thursday it has asked the World Trade Organization to form a panel to resolve a dispute over Indian safeguard duties on steel products, aiming to highlight Tokyo's stance favoring free trade amid growing global

    March 10, 2017 02:00 am JST
  • Stephane Hallegatte

    Building Asia's resilience in the face of disasters

    March 11 marks the sixth anniversary of the Tohoku earthquake and tsunami in Japan. The human and economic consequences of this event have tragically illustrated that even the best-prepared and most advanced countries face the threat of natural disa

    March 9, 2017 10:00 pm JST
  • India shares little changed as investors await local election results

    MUMBAI (NewsRise) -- Indian shares ended little changed after a choppy trading session on Thursday, as investors awaited local election results, including that of the nation's most populous state Uttar Pradesh.Exit polls are due around 12:00 GMT, an

    March 9, 2017 09:22 pm JST
  • Dr. Reddy's faces fresh challenges in U.S. as FDA raises more concerns

    MUMBAI (NewsRise) -- The U.S. drug regulator has raised more concerns about the manufacturing practices at India's Dr. Reddy's Laboratories, dealing a fresh blow to the country's second-largest drug maker struggling with regulatory challenges in the

    March 9, 2017 08:41 pm JST
  • Double Dip Asia300

    Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG -- Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is s

    March 9, 2017 05:10 pm JST
  • Double Dip Asia300

    China's chill hits banks' bottom lines

    TOKYO -- Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8%

    March 9, 2017 05:10 pm JST
  • Over 1 in 4 people in Asia pay bribes for public services

    TOKYO -- More than one in four people in Asia paid a bribe to receive basic public services such education or health care, according to a a recent survey by the anti-graft group Transparency International.The survey -- which covered 21,861 people ac

    March 9, 2017 01:00 pm JST
  • New Delhi struggles with wheat tariffs dilemma as prices fall

    BANGALORE, India -- The Indian government is struggling to frame a coherent wheat-price policy in the face of conflicting demands and mounting criticism of its decision to suspend import tariffs in December.Imports have surged since wheat duties wer

    March 9, 2017 11:00 am JST
  • Double Dip Asia300

    Asia Inc. stumbles through two years of profit shrinkage

    BANGKOK -- In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later,

    March 9, 2017 10:00 am JST
  • Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is stil

    March 9, 2017 10:00 am JST
  • China's chill hits banks' bottom lines

    TOKYO Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8% co

    March 9, 2017 10:00 am JST
  • Asian companies try to shake off two years of weaker profits

    BANGKOK In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later, th

    March 9, 2017 10:00 am JST
  • India's GDP figures are seen as 'too good to be true'

    NEW DELHI India's robust official growth figures are being questioned even by some related to the country's ruling party, as they appear inconsistent with the sluggish consumption seen following last year's demonetization bombshell.The Central Stati

    March 9, 2017 10:00 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point from J

    March 9, 2017 10:00 am JST
  • ADB report poses $26tn question for Asia

    MANILA Back in 2009, the Asian Development Bank estimated the region would need $8 trillion worth of infrastructure investment between 2010 and 2020. Now, for the 15 years from 2016 to 2030, the bank reckons $26 trillion is in order to sustain curre

    March 9, 2017 10:00 am JST
  • Raj Kumar Sharma: India responds to China's growing influence in Southeast Asia

    China's creeping influence in South Asia is raising eyebrows in India, forcing New Delhi to counter Beijing by bolstering relations with Southeast Asian nations through its Act East policy.The AEP is an upgrade to the country's Look East policy, whi

    March 9, 2017 10:00 am JST
  • Tata Motors shares up on Jaguar sales, VW tie-up report evokes muted response

    MUMBAI (NewsRise) -- Tata Motors shares have risen 3.1% in one week as investors bet new car models planned by the automaker and surging sales at its British luxury unit Jaguar Land Rover would help revive profit growth.However, investors haven't ye

    March 8, 2017 11:06 pm JST