Auto-Industry Ads Score at the Super Bowl
February 6, 2012 – The auto industry won the competition for top Super Bowl ads, according to ad pros and consumers polled by The Wall Street Journal.
Japan Tobacco’s Net Jumps 67% (uol sinopsys)
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Japan Tobacco’s Net Jumps 67%
February 6, 2012 – Japan Tobacco reported a 67% jump in net profit for its fiscal third quarter from a year earlier, when domestic tobacco sales were hit by a tax increa…
Qantas chief slams pro-Australia laws (India Gazette)
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Asian Shares Mostly Up
February 6, 2012 – Most Asian stock markets rose after an upbeat jobs report from the U.S. suggested the recovery in the world’s biggest economy was picking up pace. The…
Indonesia Firm Wants to Buy State-Owned Bank
February 6, 2012 – Indonesia’s newest private-equity firm, Yawadwipa Companies, has notified the government that it wants to acquire state-owned Bank Mutiara in a deal t…
Indonesia Firm Wants to Buy State-Owned Bank (uol sinopsys)
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Glencore Pays a Price for Xstrata Deal (India Gazette)
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Qantas Warns of Job Losses, Route Cuts If Job Rules Changed (India Gazette)
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Indonesia GDP up 6.5% on Year
February 6, 2012 – Indonesia’s economic growth remained robust in the fourth quarter of last year thanks to strong household consumption and capital investment.
After Xstrata, a Mining Merger Pileup
February 6, 2012 – A Glencore-Xstrata merger would create a true rival to global mining heavyweights like Vale, Rio Tinto and BHP Billiton, as well as put pressure on mi…
Adelson Cashes In on Turnaround at Sands
February 6, 2012 – A financial turnaround at Las Vegas Sands Corp. is beginning to pay off for chairman and CEO Sheldon Adelson, who during the financial crisis put $1 b…
The Indy Victory Lap No One Expected
February 6, 2012 – For the New York Giants, a season that began under a caution flag ended with victory in Indianapolis, with a stunning 21-17 defeat of New England in S…
U.S. Steps Up Pressure to Oust Assad
February 6, 2012 – The U.S. called for a new international coalition to drive Syrian President Bashar alAssad from power and end an 11-month uprising that looks poised t…
U.S. Steps Up Pressure to Oust Assad (Wall Street Journal)
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Hanging On at Sparrows Point
February 6, 2012 – Workers and their families remain hopeful but anxious as the Sparrows Point steel mill near Baltimore, once one of he world’s largest, faces challenge…
Earlier Nights in New Orleans?
February 6, 2012 – Officials in New Orleans are considering tightening a youth curfew in the latest attempt to fight crime in a city with the nation’s highest murder rat…
The Indy Victory Lap No One Expected (Wall Street Journal)
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Qantas: Profit Must Improve to Retain Rating (uol sinopsys)
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Qantas: Profit Must Improve to Retain Rating
February 6, 2012 – Qantas Airways said that it risks losing its coveted investment-grade credit rating if it has to continue relying on borrowings to fund its fleet rene…
Auto-Industry Ads Score at the Super Bowl (Wall Street Journal)
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Greeks Struggle to Resolve Their Differences
February 6, 2012 – Greece’s political party leaders will resume talks Monday after major differences on draconian reforms as part of an international aid package remaine…
China Takes On Skeptics of Aid to Euro Zone
February 6, 2012 – Chinese Premier Wen Jiabao offered a forceful justification for helping Europe out of its debt crisis, in remarks that appeared aimed in part at count…
Chinese Leader Backs Land Rights
February 6, 2012 – Chinese Premier Wen Jiabao called for better protection for the land rights of farmers during a visit to Guangdong province, where a reformist leader…
China Bans Airlines From EU Carbon Scheme
February 6, 2012 – China has banned airlines from participating in the EU’s Emissions Trading Scheme, the latest move in a series of protests by Chinese officials in rec…
Indonesia GDP up 6.5% on Year (uol sinopsys)
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Developing Nations Seek Safeguards for Workers
February 6, 2012 – Indonesia, the Philippines and other developing countries are demanding more rights and higher wages world-wide for their legions of unskilled laborer…
Stocks maintain upward momentum
February 6, 2012 – SHANGHAI stocks continued to climb for the third consecutive trading day in the morning session, as an improved outlook for the US economy bolstered C…
China bans airlines from paying EU carbon tax
February 6, 2012 – THE Chinese government today barred domestic airlines from paying carbon emissions taxes imposed by the European Union on flights into and out of Euro…
SceneStyle: Nanlouguxiang, Beijing
February 6, 2012 – Fang Fang, fashion designer. Jacket from Zara, shoes from Steve Madden, jeans from Stradivarius, shirt from H&M.
Perpetual CEO Resigns After Board Disagreement
February 6, 2012 – Australian fund manager Perpetual said Monday that chief executive Chris Ryan agreed to step down following a disagreement with the board.
Animator Looks to Break Through
February 6, 2012 – Disney and John Lasseter hope to boost the U.S. box-office punch of Studio Ghibli, the Japanese company behind ‘Spirited Away’ and other award-winning…
Another Giant Super Bowl Upset
February 6, 2012 – Minute-by-minute analysis of the biggest spectacle in sports, Super Bowl XLVI, with insights from the Journal’s team in Indianapolis and celebrity gue…
Business › Qantas chief slams pro-Australia laws
February 6, 2012 – Qantas chief Alan Joyce on Monday warned the airline would be forced to slash services and expressed “grave fears” for its future if proposed laws str…
KT Corp’s Net Profit Rises
February 6, 2012 – KT Corp. said fourth-quarter net profit rose 13% on year largely due to gains from asset sales, but operating profit fell by nearly 20% on a decline i…
TPG Raises 4 Billion Yuan
February 6, 2012 – Private-equity firm TPG said it has secured about 4 billion yuan (US$634 million) so far as it continues to raise capital for China investments.
Casino Presses Ahead in Florida
February 6, 2012 – Las Vegas Sands and Malaysia’s Genting are regrouping after a bill to authorize three casinos in Miami-Dade and Broward Counties stalled last week in…
Amazon Tries To Save Cash By Halting Free Deliveries In China
February 6, 2012 – Amazon.cn, the Chinese branch of the American Internet retailer, has adjusted its delivery standards and will now charge a CNY5 delivery fee for any o…
HBO Takes 15.7% Stake in Quickflix
February 6, 2012 – Time Warner Inc.’s wholly owned Home Box Office Inc., or HBO, will invest A$10 million in ASX-listed subscription content provider Quickflix via a pre…
Ivory Coast Stirs the Cocoa
February 6, 2012 – Ivory Coast’s shift to selling next season’s cocoa crop in advance has rattled global markets for the chocolate ingredient, keeping a lid on prices ju…
Battle Develops for Indonesia Mines
February 6, 2012 – Bumi investors sought the removal of Co-Chairman Nat Rothschild, with an eye toward reducing debt and expanding Indonesian coal-mining operations.
Apple Tries New iPhone Sales Tactic In Hong Kong
February 6, 2012 – Apple is adopting a new sales method for the iPhone 4S in Hong Kong to ward off scalpers. Customers who want to buy the products need to first submit…
Former Oracle Global VP Joins 360buy.com
February 6, 2012 – Chinese B2C e-commerce website 360buy.com has announced that Wang Yaqing, former global vice president for Oracle, has joined the company to become it…
Good Brew: Happy Employees, Local Flair
February 5, 2012 – Starbucks is hoping past success in places like China works in India, a market with unique challenges for foreign businesses.
Halcyon Finance buys superspecialty hospital rights for Rs 375 cr (The Economic Times)
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Business › Honda installs solar power generation system at dealerships
February 5, 2012 – Honda Motor Co has started installing a 9 kilowatt-capacity solar power generation system at the Adachi Odai location of the Honda Cars Tokyo Chuo dea…
Business › Olympus to hold shareholder meeting on April 20
February 5, 2012 – Scandal-hit Olympus said Sunday it would hold an extraordinary general meeting (EGM) of shareholders on April 20, at which the company is expected to…
Business › Brooks Sports to open first Asian subsidiary in Japan
February 5, 2012 – Leading running brand Brooks Sports Inc will open its first Asian subsidiary, Brooks Sports KK, in the world’s second-largest running market, Japan.
Business › UNIQLO ties up with Undercover label for family apparel
February 5, 2012 – UNIQLO has announced that UNIQLO Undercover, its collaborative design project with designer Jun Takahashi and his Undercover fashion label, will make…
Seven Killed at Afghan Police Building
February 5, 2012 – A car bomb exploded just outside the police headquarters of a southern Afghanistan city, killing at least seven people, officials said.
Investment bankers use the downturn to prepare next big move; unwind with families (The Economic Times)
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Greek PM implores cooperation to secure US$171b rescue plan
February 5, 2012 – GREECE’S prime minister scrambled yesterday to convince lenders and politicians to sign off on a 130 billion euro (US$171 billion) rescue, after his f…
Thoughts of Germans
February 5, 2012 – THE majority of Germans feel the euro bloc would be better off if debt-crippled Greece left it, a poll published in the Bild am Sonntag newspaper show…
Funds still seek capital after losing US$79b
February 5, 2012 – DOMESTIC open-ended funds, which suffered a severe loss of more than 500 billion yuan (US$79 billion) last year, have not been put off from raising ca…
Spate of 8 IPOs may prevent rally
February 5, 2012 – SHANGHAI’S stock market may extend last week’s upward trend although sharp rallies are unlikely due to a spate of initial public offerings this week,…
Hungary eyes credit of up to US$26b
February 5, 2012 – HUNGARY is seeking an international credit line of 15 to 20 billion euros (US$20-US$26.3 billion), the secretary of state heading the prime minister’s…
Economic Outlook: Monetary moves awaited (Financial Times)
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SBI waives service fee on SME loans under CGT scheme (The Times Of India)
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PAN to be most potent tool against tax evasion: Income Tax Department (The Times Of India)
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500 mn Indians need new homes over the next decade: Ficci (The Times Of India)
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Business › Toyota invests $90 million to expand Russia factory
February 4, 2012 – Japanese carmaking giant Toyota will invest $90 million over the next three years to expand its factory in the northwestern Russian city of Saint Pete…
Business › Shares likely to remain in range next week
February 4, 2012 – Japanese shares will likely remain in a tight range this week after a flurry of corporate earnings forecast downgrades eroded market sentiment, dealer…
Business › S&P downgrades Sharp
February 4, 2012 – Standard & Poor’s on Friday downgraded the credit rating of Japanese electronics maker Sharp, which has announced an expected full-year net loss of $3…
Business › AirAsia-ANA win approval for budget carrier in Japan
February 3, 2012 – Southeast Asia’s largest budget carrier AirAsia Friday said its joint venture entity AirAsia Japan has won approval from Japanese authorities to begin…
Business › Toyota aims for almost 10 million in vehicle sales
February 3, 2012 – Toyota Motor said Friday it aimed to sell 9.58 million units worldwide in 2012 after losing its number one spot in the global carmakers’ league last y…
Business › Nippon Sheet Glass to cut 3,500 jobs amid Europe crisis
February 3, 2012 – Japan’s number two glass maker, Nippon Sheet Glass (NSG), will lay off 3,500 workers worldwide, as it faces losses due to its significant exposure to…
Week In Review: January 30-February 3
February 3, 2012 – In case you missed them the first time around, here are some of Jing Daily’s top posts for the week of January 30-February 3.
Business › Japanese bank boosts capital in Mexico for company loans
February 3, 2012 – The Mexican subsidiary of the Bank of Tokyo-Mitsubishi UFJ will increase its capital by $287 million to increase loans to Mexican companies doing busi…
New Sony chief vows to make ‘painful choices’ (Financial Times)
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Finance companies rush to raise money from the bond market (The Economic Times)
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Chinese Luxury Spending Overseas Up 30%, But Tourist Priorities Changing
February 3, 2012 – From Hong Kong and Seoul to New York and Paris, mainland Chinese tourist-shoppers were out in force over the 2012 Chinese New Year holiday.
Business › Panasonic forecasts worst-ever net loss of Y780 bil yen
February 3, 2012 – Panasonic on Friday warned it would see its worst-ever net loss of 780 billion yen for the year to March, blaming the strong yen, flooding in Thailand…
Business › Tokyo stocks close 0.51% lower
February 3, 2012 – Tokyo stocks sank 0.51% Friday as investors waited for US payrolls figures for January due later in the day amid uncertainty over a Greek debt deal.
Suning, Midea Sign Binding Development Agreement
February 3, 2012 – Electronics and home appliances retailer Suning and the home appliances maker Midea have reportedly signed a three-year strategic cooperating agreemen…
Business › California woman wins suit over Honda hybrid mileage per gallon
February 3, 2012 – A California woman who challenged the legal status-quo by filing a small-claims action against Honda won her lawsuit Wednesday when a judge ruled that…
Chinese Internet Advertising Revenue Reached CNY14.87 Billion In Q4 2011
February 3, 2012 – Chinese Internet websites have continued to benefit from the maturing demand for online branding, Internet promotions, and e-commerce sales. EnfoDesk,…
RBI may consider paring 40% priority sector target for commercial banks (The Economic Times)
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Business › Aeon to post 1,000 new graduates to stores in China, Southeast Asia
February 2, 2012 – Retailer Aeon plans to post 1,000 newly hired graduates to stores in China and Southeast Asia as part of its expansion into those markets. Aeon exe…
Business › JAL, bankrupt two years ago, posts Y146 bil profit
February 2, 2012 – Japan Airlines, which went bankrupt two years ago in one of the country’s biggest-ever corporate failures, reported a nine-month profit of 146 billion…
Business › Hitachi’s nine-month profit dives 61%
February 2, 2012 – Hitachi on Tuesday said its nine-month net profit dived more than 61% year-on-year, with its third quarter hit by a strong yen and weaker demand from…
Business › Mitsubishi Motors back in black; Mazda in red
February 2, 2012 – Mitsubishi Motors said Thursday that cost cuts and a better product line-up enabled it to reverse a year-before loss and post a net profit in the nine…
Auction House Beijing Poly Sets Opening Date For New York Office
February 2, 2012 – Relative newcomers compared to the likes of Christie’s and Sotheby’s, China Guardian and Beijing Poly have quickly emerged as the world’s third and fo…
Business › Bankrupt American Airlines to slash 13,000 jobs
February 2, 2012 – American Airlines plans to slash 13,000 jobs — around 15% of the company’s total workforce — and cut costs by 20% in order to stay afloat after fili…
Economic Slowdown May Fuel Maturation Of China’s Luxury Market
February 2, 2012 – Some observers of the China luxury market expect a gradual slowdown in the country’s booming economy to make Chinese consumers take a breath before ma…
Amazon enters India with Junglee.com (The Times Of India)
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Starbucks Increases Coffee Prices In China
February 2, 2012 – American cafe chain Starbucks has confirmed to the Chinese local media that it has increased the prices of coffee drinks sold in its chain stores on t…
Chinese Electronics Retailer Signs Development Agreement
February 1, 2012 – Electronics and home appliances retailer Suning and the home appliances maker Midea have reportedly signed a three-year strategic cooperating agreemen…
ART HK 2012 Lineup Places It Far Ahead Of Regional Competitors
February 1, 2012 – Five years after its establishment, which, at that time, was met with skepticism in the global art world, this year’s Hong Kong Art Fair (ART HK) look…
China To Be Top E-Commerce Opportunity For Luxury Brands “Within Five Years” (Video)
February 1, 2012 – Noting the relative youthfulness and digitally savvy nature of Chinese luxury consumers, the New York digital research firm L2 expects China to become…
French Jeweler Chaumet Debuts In Shenyang
February 1, 2012 – Attended by the popular actress Yao Chen, Chaumet’s grand opening event in Shenyang marked the LVMH-owned jeweler’s shift towards inland China expansi…
China Telecom To Launch CDMA-based iPhone 4S
February 1, 2012 – Chinese telecom operator China Telecom has reportedly reached an agreement with Apple to introduce the CDMA version of the iPhone 4S into China. The l…
Christie’s, BNY Mellon To Take Asia’s Largest Warhol Exhibition To China In 2013
January 31, 2012 – Faced with stronger competition from domestic Chinese auction houses Beijing Poly and China Guardian, Christie’s in particular has sought to get invol…
Chinese Wine E-Commerce Sites Court Middle Class With New Features
January 31, 2012 – With annual consumption among China’s emerging middle class still a drop in the bucket compared to France and Italy, companies are adopting popular on…
Chinese Tourists Returning To Japan In Record Numbers
January 31, 2012 – Coming just in time to buoy Japanese retailers, many of whom have been stung by a drop in tourist arrivals in 2011, Chinese travelers flocked to Japan…
New Huadu Acquires Two E-Mart Stores For CNY9 Million In China
January 31, 2012 – New Huadu has signed an agreement to buy two stores in China from South Korean retailer E-Mart. One of the stores is in Shanghai, and its purchase pri…
Inspur International To Sell Chinese E-government Business
January 30, 2012 – Hong Kong-listed information technology and outsource software development company Inspur International has published a report, stating that it will s…
CNNIC: China’s Microblog Users Reached 250 Million In 2011
January 29, 2012 – China Internet Network Information Center has published a new statistics report, stating that there were 250 million microblog users in China by the e…
China’s Tencent To Acquire 49% Stake In Foreign Game Publisher
January 29, 2012 – Chinese Internet company Tencent Holdings Limited has announced that it will invest USD26.95 million to acquire 49% of the issued shares of Level Up.
Shareholder Disputes Settled For Chinese Media Firm
January 29, 2012 – Chinese multi-platform media company SearchMedia Holdings Limited says it has reached settlement agreements for the arbitration between the company an…
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…
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…
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…
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…
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…