Asia Pacific Business News

Vodafone seeks more time to reply to Indian tax claim

Vodafone seeks more time to reply to Indian tax claim
AFP - Sunday, November 22

NEW DELHI (AFP) - - British mobile phone giant Vodafone Group Plc has sought an extra two months to reply to a two-billion-dollar Indian tax claim over its purchase of India's third-largest mobile operator. More »

  • Pakistani c.bank buys 145.65 billion rupees of t-bills

    Reuters - Saturday, November 21

    KARACHI, Nov 21 (Reuters) - Pakistan's central bank bought back 145.65 billion rupees ($1.74 billion) of treasury bills on Saturday under 10-day reverse repo contracts at 12.20 percent to inject liquidity into a tight money market.

  • South Korea exports up 29 pct in first 20 days of Nov

    Reuters - Saturday, November 21

    SEOUL, Nov 21 (Reuters) - South Korea's exports rose 28.8 percent in the first 20 days of November from a year earlier, while imports fell 2.1 percent, preliminary data showed on Saturday.

  • Taiwan likely to issue about T$450 bln govt bonds in 2010

    Reuters - Saturday, November 21

    TAIPEI, Nov 21 (Reuters) - Taiwan is set next month to finalise the amount of government bonds it plans to issue next year, with a budget likely below this year's level, government officials said on Saturday.

  • S.Korean shipbuilder STX cuts 351 jobs in France

    S.Korean shipbuilder STX cuts 351 jobs in France

    AFP - Saturday, November 21

    SAINT-NAZAIRE, France (AFP) - - South Korean shipbuilding giant STX is cutting 351 jobs in France through voluntary departures at the historic Saint-Nazaire shipyard, company officials said on Friday.

  • Malaysia issues China's ICBC local banking licence

    Malaysia issues China's ICBC local banking licence

    AFP - Saturday, November 21

    KUALA LUMPUR (AFP) - - Malaysia's finance ministry has issued a commercial banking licence to China's largest bank, the country's central bank announced Friday.

  • Sri Lanka reserves 'comfortable' after bailout: IMF

    Sri Lanka reserves 'comfortable' after bailout: IMF

    AFP - Saturday, November 21

    COLOMBO (AFP) - - The International Monetary Fund said Friday Sri Lanka's foreign reserves have reached "comfortable levels," helped by a bailout package, but economic growth was still below potential.

  • India moves to defuse sugar cane price row

    India moves to defuse sugar cane price row

    AFP - Saturday, November 21

    NEW DELHI (AFP) - - The government promised Friday to ensure that sugar cane farmers do not suffer as it sought to defuse a major row over pricing that has stalled parliamentary proceedings.

  • China boosts world steel output: association

    China boosts world steel output: association

    AFP - Saturday, November 21

    PARIS (AFP) - - World steel output rose 13.1 percent in October from the level of output a year earlier, driven largely by production in China, the World Steel Association said on Friday.

  • Asia's luxury car market 'picking up': Rolls-Royce

    Asia's luxury car market 'picking up': Rolls-Royce

    AFP - Saturday, November 21

    NEW DELHI (AFP) - - Rolls-Royce said Friday the market for its super-luxury cars was picking up dramatically across Asia as the effects of the global financial crisis recede.

  • US envoy pans media coverage of Obama China visit

    AP - Saturday, November 21

    BEIJING - Washington's ambassador to Beijing hit out Friday at negative U.S. media coverage of President Barack Obama's visit to China, saying it failed to take into account important progress on many issues.

  • Sony to launch online download service for TVs

    Sony to launch online download service for TVs

    AFP - Saturday, November 21

    TOKYO (AFP) - - Sony Corp. aims to launch next year a new online service that will allow people to download content such as music and movies to their televisions and other electronic gadgets, a top executive said Friday.

  • Pakistani stocks end higher; rupee weaker

    Reuters - Saturday, November 21

    KARACHI, Nov 20 (Reuters) - Pakistani stocks ended up on Friday as investors bought shares on hopes of a cut in the key policy rate when monetary policy is announced next week, dealers said.

  • AirAsia profits climb

    AirAsia profits climb

    AFP - Saturday, November 21

    KUALA LUMPUR (AFP) - - Budget carrier AirAsia said on Friday its net profits rose in the third quarter, despite a downturn in the aviation sector, due to higher passenger numbers and cost-cutting measures.

  • Asia airlines emerge from slump: industry body

    Asia airlines emerge from slump: industry body

    AFP - Saturday, November 21

    SINGAPORE (AFP) - - Asia's airline industry is pulling out of a slump sparked by the global recession with signs passenger numbers are rising, a regional body said Friday, but there were warnings a rebound will be slow.

  • FACTBOX-Capital control measures in Asia

    Reuters - Saturday, November 21

    Nov 20 (Reuters) - South Korea's foreign currency liquidity measures unveiled on Thursday may push local banks' costs higher, but any increase will be "marginal", a top financial regulator said.

  • US lawmakers may penalise China over rigid yuan

    US lawmakers may penalise China over rigid yuan

    AFP - Saturday, November 21

    WASHINGTON (AFP) - - US lawmakers criticized US President Barack Obama's administration on Thursday for not pressuring China enough over its rigid currency as they set the stage for slapping import duties on Chinese goods.

  • Deflation returns to Japan as rates stay low

    Deflation returns to Japan as rates stay low

    AFP - Saturday, November 21

    TOKYO (AFP) - - Japan's central bank left its super-low interest rates unchanged on Friday as the government declared for the first time in more than three years that Asia's biggest economy is in a phase of deflation.

  • Sony hopes online service will build brand loyalty

    AP - Saturday, November 21

    TOKYO - Sony's new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said Friday.

  • China's CNPC agrees to expand Sudan refinery

    AP - Saturday, November 21

    SHANGHAI - China National Petroleum Corp., the country's biggest oil and gas producer, said Friday it has signed agreements with Sudan to expand a refinery and swap oil production assets.

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