Asia Pacific Business News

FACTBOX-Pakistan's December-January monetary policy

Reuters - Wednesday, November 25

By Faisal Aziz More »

  • China, EU to discuss protectionism, climate change

    AP - Wednesday, November 25

    BEIJING - China hopes to forge a common stance with Europe against protectionism and discuss ways to tackle climate change at a summit next week, a senior diplomat said Tuesday.

  • Pakistan stocks end higher; monetary policy awaited

    Reuters - Wednesday, November 25

    KARACHI, Nov 24 (Reuters) - Pakistani stocks ended slightly higher on Tuesday but in low turnover as investors waited for a monetary policy announcement for the next two months due later in the day, dealers said.

  • Nokia says it will cut 220 R&D jobs in Japan

    Nokia says it will cut 220 R&D jobs in Japan

    AFP - Wednesday, November 25

    HELSINKI (AFP) - - Nokia, the world's biggest mobile phone maker, said on Tuesday it would cut around 220 jobs in Japan as part of its plans to streamline its vast research and development operations.

  • S.Korea BOK grew warier on economy in Oct

    Reuters - Wednesday, November 25

    (Updates with details)

  • China shares fall on economic policy uncertainty

    AP - Tuesday, November 24

    SHANGHAI - Chinese shares retreated Tuesday on policy uncertainty ahead of the government's annual economic planning meeting.

  • S.Korea c.bank to set inflation target on Nov 26

    Reuters - Tuesday, November 24

    SEOUL, Nov 24 (Reuters) - South Korea's central bank said on Tuesday that its monetary policy board members would decide on its annual inflation target for the coming years on Nov. 26.

  • Japan's Hitachi to build rail car plant in Britain

    Japan's Hitachi to build rail car plant in Britain

    AFP - Tuesday, November 24

    TOKYO (AFP) - - Japanese high-tech giant Hitachi Ltd. plans to build railway cars in Britain in a multi-billion-dollar deal that would also create hundreds of new jobs, a company spokesman said Tuesday.

  • China backs writers in fight against Google Books

    China backs writers in fight against Google Books

    AFP - Tuesday, November 24

    BEIJING (AFP) - - China said Google has probably breached copyright laws by scanning Chinese books for its online library and supported writers to "defend their rights", state media reported Tuesday.

  • China planning agency OKs Shanghai Disney project

    AP - Tuesday, November 24

    SHANGHAI - China's economic planning agency has formally approved a plan to build a Disney theme park in Shanghai, ensuring the city will have a new showcase attraction after next year's World Expo has wound down.

  • SKorea pledges to double aid to Africa

    AP - Tuesday, November 24

    SEOUL, South Korea - South Korea pledged Tuesday to double aid to African nations over the next three years in an effort to better reach out to the continent rich in energy resources, growth potential and business opportunities.

  • Coal-burning China invests in methane capture

    Coal-burning China invests in methane capture

    AFP - Tuesday, November 24

    BEIJING (AFP) - - China, a massive consumer of fossil fuels and coal in particular, is trying to modernise its mines by containing emissions of methane and turning the toxic gas into a source of much-needed energy.

  • China Eastern Airlines teams up with Alibaba

    AP - Tuesday, November 24

    SHANGHAI - China Eastern Airlines is teaming up with Chinese e-commerce giant Alibaba, hoping to cash in on an online shopping frenzy to boost ticket sales.

  • NZ inflation expectations jump sharply-RBNZ survey

    Reuters - Tuesday, November 24

    WELLINGTON, Nov 24 (Reuters) - Inflation expectations in New Zealand for the next two years have jumped sharply, but the economy will post improved growth next year, a survey showed on Tuesday.

  • S.Korea turned net creditor as of end-Sept -c.bank

    Reuters - Tuesday, November 24

    SEOUL, Nov 24 (Reuters) - South Korea returned to being a net creditor as of the end of September after a year as a net debtor as the country emerged from the fallout of the global financial crisis, central bank data showed on Tuesday.

  • TEXT-NZ regulator warns power companies over behaviour

    Reuters - Tuesday, November 24

    (The following statement was released by the regulator)

  • Serbian factory to build Chinese trucks: report

    Serbian factory to build Chinese trucks: report

    AFP - Tuesday, November 24

    BELGRADE (AFP) - - A Serbian factory struck a deal on Monday to assemble trucks for a Chinese manufacturer in southern Serbian, Tanjug news agency reported.

  • Praxair to sell gases to Chinese solar cell maker

    AP - Tuesday, November 24

    SHANGHAI - Praxair Inc.'s Chinese unit has signed a multiyear agreement to sell gases that MAGI Solar Energy Technology Co. will use to make solar cells and modules, Praxair announced Monday.

  • China tells banks to control lending

    AP - Tuesday, November 24

    BEIJING - Regulators ordered Chinese banks on Monday to control lending and manage risks better amid concern that a rapid, stimulus-fueled credit boom this year might affect the industry's health.

  • Thai court charges banking scandal suspect Saxena

    AP - Tuesday, November 24

    BANGKOK - A former adviser to a Thai bank whose failure helped spark the 1997 Asian financial meltdown was formally charged Monday in connection with embezzling almost $50 million.

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