Facebook Preps IPO Filing for Next Week
January 27, 2012 – Facebook could file papers for an IPO as early as next week and is looking at a valuation of $75 billion to $100 billion. The social network is close…
As Economy Posts Growth, Worry Lingers
January 27, 2012 – The U.S. economy grew in the final three months of 2011, but details of the report raised questions about how strong expansion can be this year.
Facebook Preps IPO Filing for Next Week (uol sinopsys)
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The CEO Bankruptcy Bonus
January 27, 2012 – As companies struggle through bankruptcy court, many still pay significant bonuses to top executives – despite a federal rule designed to curb such…
Rio Tinto Moves In on Ivanhoe, Mongolia Project
January 27, 2012 – Rio Tinto said it expects to make management changes at Ivanhoe Mines and may seek direct ownership in the massive Oyu Tolgoi copper-and-gold project…
Rio Tinto Moves In on Ivanhoe, Mongolia Project (uol sinopsys)
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Stocks Fall on GDP Data
January 27, 2012 – Stocks fell, jeopardizing chances for a fourth consecutive weekly gain, after a reading on domestic economic growth fell short of expectations.
Dozens Killed in Baghdad Suicide Blast
January 27, 2012 – Dozens of people were killed and wounded when a suicide car bomber attacked a funeral procession in Baghdad on Friday, days after an al Qaeda-linked i…
Geithner Lauds Euro Progress
January 27, 2012 – U.S. Treasury Secretary Timothy Geithner praised Europe’s progress in getting its debt crisis under control, but urged the euro zone to do more to put…
Five Indian States Go to Polls
January 27, 2012 – Five Indian states vote starting Saturday in what will be a rare chance to weigh in on a year in politics dominated by a corruption battle, a slowing…
Murdoch to Quit Glaxo Board
January 27, 2012 – As he grapples with the fallout from News Corp.’s phone-hacking scandal, deputy chief operating officer James Murdoch is resigning from the board of d…
Greece Edges Toward Debt Deal
January 27, 2012 – Talks between Greece and its private-sector creditors edged toward an agreement, with bond holders seemingly willing to accept lower yields on their f…
France to Resume Afghan Training
January 27, 2012 – French President Nicolas Sarkozy said French military training operations in Afghanistan will resume on Saturday after a suspension following the kill…
From Boxing Ring to Board Game
January 27, 2012 – Peter Berg juggles HBO’s quiet “On Freddie Roach” and the big-budget “Battleship.”…
What They’re Drinking at Davos (Wall Street Journal)
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Fairway to Rio: A Course for Olympians
January 27, 2012 – Inside the competition to build the world’s highest-profile golf course—for the Olympics.
Eastman Chemical Buys Solutia
January 27, 2012 – Eastman Chemical agreed to acquire peer specialty-chemicals maker Solutia in a cash and stock deal valued at about $3.38 billion, a purchase it said…
Djokovic Earns Final With Nadal — Again
January 27, 2012 – After nearly five hours of tennis, Novak Djokovic outlasted Andy Murray in a five-set Australian Open semifinal to set up his third straight Grand Sla…
Djokovic Earns Final With Nadal — Again (Wall Street Journal)
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Twitter Can Censor by Country
January 27, 2012 – Twitter says it can now make content selectively available to users based on geography, and plans to use that ability to enter countries with “differe…
RBI to act against banks not beefing up cyber security (India Gazette)
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SBI may return to overseas markets (India Gazette)
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Samsung’s New Spending Spree (India Gazette)
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Lone Star’s Korea Exchange Bank Sale Wins Regulatory Approval (India Gazette)
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First Chinese Owned & Operated Gallery In Europe Opens In Berlin
January 27, 2012 – Unlike other collector markets like the US, Europe has so far been without a Chinese contemporary art gallery displaying works hand-picked from a nati…
U.S. Expands, but Concerns Persist (Wall Street Journal)
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Made Better in Japan
January 27, 2012 – For decades, Japan simply imported wares of foreign cultures, but recession has led to invention. The country has begun creating the finest American d…
U.S. GDP Rises 2.8% (uol sinopsys)
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Samsung Profit Rises as Chips Gain
January 27, 2012 – Samsung’s profit rose 17% as its chip business turned more profitable than expected while its smartphone business came under surprising pressure.
Hana Wins Green Light on KEB Stake
January 27, 2012 – South Korea’s financial regulator approved Hana Financial’s plan to buy a 51.02% stake in Korea Exchange Bank from Lone Star Funds, clearing the way f…
Japan CPI Falls, Vexing BOJ
January 27, 2012 – Japan’s core consumer prices fell in December for the third straight month and extended their annual drops to three years, in a sign the Bank of Japan…
FSA Raps More in Greenlight Case (uol sinopsys)
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Confessions of an iPhone Data Hog
January 27, 2012 – Our reporter discovers her iPhone movie-watching and music-streaming has unexpectedly pushed her into the top 5% of AT&T’s data users.
EU Sees Threat From ‘Volcker Rule’
January 27, 2012 – The European Commission intends to complain to Treasury Secretary Geithner that new U.S. regulations will discourage banks from trading sovereign bond…
Bad Move, Virat Kohli
January 27, 2012 – Indian cricketer Virat Kohli has made a big mistake in letting the Australians know that their sledging upsets him.
Elpida Mulls Capital Ties With Rivals
January 27, 2012 – Executives at Elpida Memory have floated the idea of capital ties with U.S. and Taiwanese rivals, as the struggling Japanese chip maker tries to ensur…
Japanese Car Makers Post Output Rises
January 27, 2012 – Japan’s top three car makers reported solid increases in domestic production for December, in a sign that the worst is over after natural disasters di…
Nippon Steel Swings to Loss in Quarter
January 27, 2012 – Japan’s largest steelmaker by output reported its first loss in three quarters, citing stiff competition in Asia, weaker demand and the strong yen.
LG Display’s Net Loss Narrows Sharply
January 27, 2012 – Flat-panel maker LG Display posted a second-straight quarterly net loss for the last three months of 2011, largely because of tepid demand for large-s…
Australia’s Wet Weather Woes
January 27, 2012 – Australia’s summer is taking a battering from La Niña again.
Dragon Breathes Life Into Li & Fung
January 27, 2012 – According to Chinese tradition, the Year of the Dragon starts strong before tailing off into something more mediocre. Shares listed in Hong Kong are f…
In Afghanistan, a Rush to Save Buried Treasure
January 27, 2012 – Archaeologists are racing to save Afghanistan’s cultural heritage before the Chinese start digging on one of the world’s most valuable new copper mine…
Business › Tokyo stocks close flat
January 27, 2012 – Tokyo stocks closed flat on Friday as investors cautiously looked to a European Union leaders meeting next week. The Nikkei 225 index at the Tokyo…
Rupee hits 2-1/2 month high (The Times Of India)
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Business › Japan consumer prices down 0.1% in December
January 27, 2012 – Japan’s core consumer prices edged down 0.1% in December from a year earlier in line with market expectations, government data showed Friday. The core…
Business › Mitsubishi Motors recalls 300,000 vehicles in Japan
January 26, 2012 – Japan’s fourth-largest automaker Mitsubishi Motors on Thursday recalled nearly 300,000 small cars in Japan over engine oil leaks. The recall covere…
Business › Starbucks 1st-quarter profit up 10%
January 26, 2012 – Starbucks Corp’s fiscal first-quarter profit increased 10% as the coffee company added stores, customers and new products. The Seattle-based co…
Edinburgh Zoo Unveils Special Tartan To Welcome Giant Pandas
January 26, 2012 – This week, Scotland’s Edinburgh Zoo debuted a special tartan designed to commemorate the recent arrival of two giant pandas from China, the culminatio…
Filmmaker Zoe Cassavetes Directs Johnnie Walker Blue Label “True Rarity” China Campaign
January 26, 2012 – Continuing its strong push to foster a new generation of Chinese whisky drinkers, the Diageo-owned whisky maker Johnnie Walker recently signed the Man…
Event Watch: Business Management In The Art World (Sotheby’s Institute of Art, Hong Kong)
January 26, 2012 – Over the past two years, auction houses operating in Hong Kong have capitalized on growing demand for arts education among visiting mainland Chinese c…
India Inc to Obama: We are creating jobs in US, Europe (The Times Of India)
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World Economic Forum Davos 2012: HCL to create 10,000 jobs in US, Europe over 5 years (The Times Of India)
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Loss-making NEC to cut 10,000 jobs
January 26, 2012 – JAPANESE electronics giant NEC said today it would axe 10,000 jobs worldwide, as it announced losses for the past nine months had almost doubled. In…
Business › Loss-making NEC to cut 10,000 jobs worldwide
January 26, 2012 – Japanese electronics giant NEC said Thursday it would axe 10,000 jobs worldwide, as it announced losses for the past nine months had almost doubled.
Business › Japanese shares slip in choppy trading
January 26, 2012 – Japanese shares eased Thursday in choppy trading that saw both pressure from profit-takers and buying after gains on Wall Street. The Nikkei index…
Fed pledges longer time for low rates to boost economy
January 26, 2012 – THE US Federal Reserve announced no further steps in its monetary policy, but pledged to keep the exceptionally low levels of key interest rate for ev…
Global banks cut jobs in India at ruthless pace (The Times Of India)
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Airbus says A380 wing cracks pose no danger
January 26, 2012 – TINY cracks discovered in the wings of Airbus superjumbo A380 planes can be easily repaired and pose no danger, the aircraft’s manufacturer said yeste…
Davos call for global action against cybercrime
January 26, 2012 – INTERNATIONAL action to snuff out cybercrime is desperately needed, officials and business leaders said here, warning that criminals move at Internet…
Business › Nissan announces new $2 bil plant in Mexico
January 25, 2012 – Nissan Motor Co announced Wednesday it is investing $2 billion to build a new manufacturing plant in Mexico. It will be the Japanese company’s third i…
Business › Asia to power world economy in 2012
January 25, 2012 – The Asian Development Bank chief says the global economic slowdown will affect Asia this year but the region will remain the economic powerhouse of th…
Business › Toyota global sales forecast rises on green demand
January 25, 2012 – Toyota raised its global sales target for this year to 8.58 million vehicles, up 21% from the previous year, as incentives for ecological cars lift de…
Why A Slowdown In Asia’s Art Market Could Benefit Chinese Art
January 25, 2012 – Coming off a stellar year in the Asian art market, which saw records fall at international auction houses like Christie’s and Sotheby’s and emerging r…
Chinese Shoppers Putting Premium On “Made In USA” Labels
January 25, 2012 – It’s clear that China’s shoppers are fans of American brands like Coach, Ralph Lauren, Levi’s and Tiffany & Co., but for smaller brands, particul…
Business › Japan sees first annual trade deficit in 31 years
January 25, 2012 – Japan announced its first annual trade deficit for more than 30 years on Wednesday after the March quake-tsunami and strong yen hit exports in 2011, w…
Business › Japan’s economy predicted to shrink 0.4% in fiscal 2011
January 24, 2012 – Japan’s economy is expected to shrink 0.4% in fiscal 2011, the country’s central bank forecast Tuesday, a reversal of its previous projection of 0.3%…
Pianist Lang Lang Performs At Montblanc Flagship In New York (Photos)
January 24, 2012 – Marking the launch of Dragon Week, yesterday China’s most famous classical pianist, Lang Lang, gave an invitation-only performance at the Montblanc fl…
Business › McDonald’s 4Q net income jumps 11%
January 24, 2012 – Budget-conscious diners continue to flock to McDonald’s, but investors are beginning to worry about the fast food giant’s higher prices and upcoming e…
Business › Mitsubishi Electric acquires India’s Messung Group
January 24, 2012 – Mitsubishi Electric Corp has acquired the Messung Group, a manufacturer of programmable logic controllers (PLCs) and human machine interfaces (HMIs) a…
Chinese Pawnshops Set To Benefit After Luxury Gift-Giving Glut
January 24, 2012 – With Chinese New Year gift-giving season hitting its stride over the past couple of weeks, major luxury brands have likely been left smiling as wealth…
CRR cut: Lending rates may soften in select sectors, says SBI (The Economic Times)
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Business › Sony reported to be seeking Olympus stake
January 24, 2012 – Japanese electronics giant Sony is in talks to take a stake of up to 30% in Olympus as the camera firm looks to shore up its finances after a $1.7 bil…
Business › Tokyo stocks gain 0.22% on weaker yen, Greek hopes
January 24, 2012 – Tokyo stocks gained 0.22% Tuesday, boosted by a weaker yen and hopes that Greece will manage to reach a deal on a debt write-down with private bondhol…
Business › Hitachi to stop making televisions
January 24, 2012 – Japanese high-tech giant Hitachi said Monday it will stop making televisions by the end of September as intense price competition hurts TV earnings at…
Business › Texas Instrument to close plants in U.S., Japan
January 24, 2012 – Texas Instruments plans to close computer-chip factories in Texas and Japan in a cost-cutting move that will lay off about 1,000 workers. The c…
Business › Toyota Australia to cut 350 jobs
January 23, 2012 – The Australian arm of Japanese auto giant Toyota announced Monday that it would sack 350 workers at its southern carmaking plant, citing “unprecedente…
Business › 600 million new jobs needed in next 10 years, says ILO
January 23, 2012 – The International Labor Organization on Tuesday released a pessimistic report for the global jobs market in 2012 saying urgent attention is needed to…
Business › Starbucks to start selling wine, beer in U.S.
January 23, 2012 – Starbucks is to start selling wine and beer in some stores in southern California and Atlanta, Georgia, expanding a move which has worked well around…
Brands Boost Digital Budgets To Sidestep Beijing’s TV Commercial Ban
January 23, 2012 – With the Chinese government’s ban on television advertisements during drama programs taking effect this month, one of the major trends we’re keeping a…
Rotary decides it is time to target China (Financial Times)
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Diageo Teams Up With Swarovski For Chinese New Year Gift Pack
January 23, 2012 – If there’s one thing that Chinese New Year celebrations are known for besides firecrackers and family reunions, it’s gift giving.
Ujjivan Financial Services raises Rs 29 crore via non convertible debentures (The Economic Times)
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Red Fort Capital says raises $500 million fund (The Economic Times)
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China Mobile’s Call Center In Luoyang Formally Launched
January 23, 2012 – With a total investment of CNY4 billion, China Mobile’s new call center in Luoyang, Henan province, has been formally launched. The new call center is…
360buy.com Inaugurates Pick-up Service Along Beijing’s Subway Lines
January 21, 2012 – Chinese B2C e-commerce website 360buy.com has launched a new pick-up service along subway lines in Beijing, covering 20 stations on Line 5 and Line 10…
Chinese Internet Game Company Will Soon Unveil Smartphone
January 19, 2012 – Chinese interactive entertainment media company Shanda Interactive Entertainment Limited has announced that it plans to launch its own smartphone prod…
South Beauty Opens First Self-owned Restaurant In Hebei
January 18, 2012 – The Chinese high-end restaurant chain South Beauty has announced the opening of a new outlet in Tangshan, Hebei province, which is also the brand’s fi…
Qihoo 360′s Safebox Software Will Integrate With Uuu9.com
January 17, 2012 – Chinese Internet security software provider Qihoo 360 announced that its 360Safebox software will be integrated into Uuu9.com, a Chinese portal for ga…
Brazil Considering Import Restrictions Of Chinese-made Mobile Phones
January 16, 2012 – Brazil is reportedly considering restricting the import of Chinese-made mobile phone to protect its own local market. According to reports in Chinese…
McDonald’s Opened 200 Restaurants In China In 2011
January 16, 2012 – According to McDonald’s China, the international fast food chain opened 200 new restaurants in China in 2011, marking a new expansion record in the co…
The9 Will Operate Sony Ericsson’s PlayNow App Store In China
January 15, 2012 – Chinese online game developer and operator The9 has announced with smartphone maker Sony Ericsson that starting this month The9 will be the exclusive…
Apple Suspends iPhone 4S Sales In Retail Stores In China
January 13, 2012 – Friday the 13th did not play well for Apple today, as the company suspended the sale of its iPhone 4S smartphones in its Chinese retail outlets. Earli…
Fracas Causes Retail Delays For Apple’s New iPhone In China
January 13, 2012 – Apple suspended the sale of its iPhone 4S smartphones in its Chinese retail outlets. Earlier today, a legion of scalpers waiting in line had a few fie…
China’s Game Market Scale Reached CNY44.61 Billion
January 12, 2012 – Information from China Game Industry Annual Conference held in Xi’an, capital of Shaanxi province, revealed that the market scale of the Chinese game…
HTC Net Profit Down 25.5% In Q4 2011
January 11, 2012 – Taiwanese smartphone maker HTC has published its financial report for the fourth quarter of 2011, stating that its net profit decreased by 25.5% year-…
China Telecom Will Launch Mobile Services In UK
January 10, 2012 – China Telecom is reportedly inking a deal with Britain’s Everything Everywhere to launch mobile services in the country. Everything Everywhere is a UK…
Yonghui Superstores Announces Chinese Retail Store Data
January 10, 2012 – With the opening of additional six stores, Chinese supermarket operator Yonghui Superstores’ retail outlets had reached 204 by the end of 2011. During…
New Chinese Internet Rules Focus On Data Security, Web Advertising
January 9, 2012 – China’s Ministry of Industry and Information Technology published new security and advertising provisions for regulating the Internet information serv…
China Unicom Publishes Retail Prices For iPhone 4S
January 8, 2012 – China Unicom, the exclusive operator partner for Apple’s iPhone smartphones in China, has announced the contracted prices for iPhone 4S, starting at C…
Apple iPhone 4S Prices Announced In China
January 8, 2012 – China Unicom, the exclusive operator partner for Apple’s iPhone smartphones in China, has announced the contracted prices for iPhone 4S, starting at C…
Nokia Will Move Asia Pacific Headquarters To Beijing
January 8, 2012 – Aiming to improve business efficiency and reduce costs, the Finnish communications corporation Nokia will relocate its Asia Pacific headquarters from…
Foxconn Hiring Additional 100,000 Employees For Zhengzhou iPhone Manufacturing
January 6, 2012 – Foxconn, the original equipment manufacturer for Apple products, is reportedly expanding its manufacturing capacity in 2012, aiming to increase produc…
Tencent Inks China Social Media Microblogging Deal With CNTV
January 5, 2012 – Chinese Internet company Tencent and China Network Television have jointly announced a strategic partnership for a comprehensive social media and micr…
Wangfujing Opens First Shopping Center In Chengdu
January 4, 2012 – Chinese department store operator Wangfujing has opened a new shopping center in Chengdu, capital of Sichuan province. This is reportedly the second p…
NetEase.com Closes Luxury Internet Shopping Website In China
January 2, 2012 – Chinese Internet portal NetEase.com published a report, stating that it closed L.163.com, its luxury goods Internet shopping platform, on December 31,…
China’s Mengniu To Increase Gross Margin To 28% In Five Years
December 27, 2011 – Lu Jianjun, vice president of the Chinese dairy company Mengniu, told local media that though the price of raw milk continues to grow, the company’s g…
Haidilao To Open Hot Pot Restaurants In America, Singapore In 2012
December 26, 2011 – Chinese hot pot restaurant chain Haidilao plans to open two new outlets in America and two in Singapore in 2012. A representative from Haidilao reveal…
Top Chinese Website Tries Cornering Crowded Internet Coupon Market
December 25, 2011 – Chinese Internet portal NetEase.com has launched a new coupon platform, Quan.163.com, marking its latest online move following the unveiling of its re…