Xi to Address ‘Trust Deficit’
February 9, 2012 – Ahead of next week’s U.S. visit by Xi Jinping, the man expected to be China’s next top leader, a senior Chinese official warned of a “trust deficit” h…
Stocks Close Higher Again
February 9, 2012 – Shares drifted up as investors took stock of a Greek refinancing deal and continued improvement in the U.S. labor market.
Google Shifts Strategy With Plans for Device
February 9, 2012 – Google plans to make a branded home-entertainment system, moving toward control of both the software and hardware process, a formula used by rival App…
Greek Deal Faces Scrutiny in Brussels
February 9, 2012 – Greek political leaders agreed to more austerity measures that could pave the way for a new bailout and debt-restructuring deal, but euro-zone finance…
Kodak to Shutter Camera Operation
February 9, 2012 – Eastman Kodak, which began making cameras more than a century ago, said it plans to stop supplying digital cameras and pocket video cameras as it focu…
Business › UNIQLO to open 1st store in Philippines in June
February 9, 2012 – UNIQLO on Thursday announced that it will open its first retail location in the Philippines, the UNIQLO Mall of Asia Store, in June in Metro Manila.
Banks, States Seal Pact on Foreclosures
February 9, 2012 – Government officials sealed a $25 billion agreement with five major banks, capping a yearlong push to settle probes of alleged foreclosure abuses.
Is Chevy’s Cruze Dulling the Spark of its Volt?
February 9, 2012 – The Chevrolet Volt plug-in hybrid is about to get a relaunch from General Motors, after skidding halfway to Flop City over the past several months.
Maldives Ex-President Faces Charges
February 9, 2012 – Former President Mohamed Nasheed of the Maldives faces contempt-of-court charges, a spokesman for the new president said, after an apparent coup earli…
On Xi’s Mind Ahead of Trip: The Lakers
February 9, 2012 – Xi Jinping, China’s presumed next leader, could spend next Friday at an NBA game—the Los Angeles Lakers vs. the Phoenix Suns—during a visit to the…
Neighbors Try to Decide if They Like Facebook Exec’s Modern House
February 9, 2012 – Facebook COO Sheryl Sandberg’s house under construction in Menlo Park, with its futuristic glass and steel exterior, will mark a dramatic contrast to…
Business › Kodak to stop making cameras, digital frames
February 9, 2012 – Eastman Kodak Co said Thursday that it will stop making digital cameras, pocket video cameras and digital picture frames, marking the end of an era fo…
Business › Toshiba wins contract to supply steam turbine and generator to U.S. power plant
February 9, 2012 – Toshiba Corp, one of the world’s leading suppliers of thermal power generation equipment, announced Thursday that it has won a major contract from Flu…
Korean Regulator Draws Lessons From Lone Star
February 9, 2012 – South Korea’s top financial regulator urged lawmakers to ease rules for foreign investors that seek to buy into the country’s financial sector, follow…
China’s Heir Apparent Plans U.S. Visit
February 9, 2012 – Chinese Vice President Xi Jinping, expected to become China’s next leader, is scheduled to visit the Pentagon next week as part of a high-profile trip…
Business › Japan takes #1 spot for most shipments from U.S.
February 9, 2012 – MyUS.com, a leader in international package forwarding and shipping, has witnessed a huge surge in the Japanese market as it has overtaken Australia a…
Alibaba Wants Its Stake Back
February 9, 2012 – Alibaba Group plans to borrow $3 billion to buy back shares that Yahoo owns in the Chinese e-commerce company.
After Years, a Myanmar Exile Returns
February 9, 2012 – Aung Naing Oo fled Myanmar more than two decades ago, trekking through dense tropical jungles to escape the country’s harsh military regime. On Friday…
Rio Tinto’s Profit Slumps 59%
February 9, 2012 – Rio Tinto’s CEO and finance chief will forgo their annual bonuses, after the miner reported a 59% drop in annual profit, hit by a $8.86 billion charge…
Blanc de Chine Unveils Fall/Winter 2012 Collection In New York (Photos)
February 9, 2012 – An early celebration of the 20th anniversary of Blanc de Chine’s first retail shop, this week the brand unveiled its Fall/Winter 2012 collection durin…
China’s Inflation Speeds Up
February 9, 2012 – China’s consumer price index accelerated unexpectedly in January to 4.5%, because of higher food prices during the Lunar New Year holiday.
Power-Struggle Talk Grows in China
February 9, 2012 – A senior Chinese official sought to play down an unfolding political drama involving Bo Xilai, despite speculation that it signaled a struggle over th…
New Sony Chief: No Area Is ‘Sacred’
February 9, 2012 – Sony’s incoming CEO said restructuring will continue at the Japanese electronics giant, and insisted he is prepared to make “hard decisions.”…
With Eye On Chinese Middle Class, LVMH Buys Stake In Domestic Retailer Ochirly
February 9, 2012 – The China market has obviously been pretty good to the luxury consortium LVMH, which posted forecast-beating 22 percent global growth in 2011 due heav…
Trims mark 3% of work force
February 9, 2012 – …
US youths struggle to look for jobs
February 9, 2012 – SQUEEZED by a tight job market, young Americans are especially struggling. They have suffered bigger income losses than other age groups and are less…
Confidence up on strong spending
February 9, 2012 – CONFIDENCE among Chinese bankcard holders rose in January because they spent strongly during the 10 public holidays that month, an industry survey sho…
BOE extends help
February 9, 2012 – THE Bank of England voted to inject more cash into the economy to shore up a fragile recovery and shield the country from fallout from the unresolved…
Mining for data
February 9, 2012 – CHINA hopes to lure more private investment into its mining industry through a new system of publishing prospecting information for review by potentia…
Home support
February 9, 2012 – WUHU City will waive a deed tax and subsidize some home purchases, the first Chinese city to ease property curbs this year even as the central governm…
Public disquiet stays over police notice on assets
February 9, 2012 – A POLICE statement that the assets of a female death row convict had been properly handled with has failed to quell public disquiet over whether the w…
Goldman takes stake in Mongolian bank (Financial Times)
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Revitalisation of industry moves up Japan’s agenda (Financial Times)
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Dearer food pushes up inflation
February 9, 2012 – CHINA’S inflation rose to a three-month high in January, an unexpected increase that was mainly due to higher food prices. The Consumer Price Index,…
Technology transfers ‘won’t be a precondition’
February 9, 2012 – FOREIGN companies won’t be forced to transfer technology to ventures with their local partners in order to gain access to markets in China, Commerce M…
Canadian firms in US$3b deals
February 9, 2012 – CANADA’S Prime Minister Stephen Harper lauded stronger relations with China after Canadian businesses signed nearly US$3 billion worth of deals with C…
IDQ plans to satisfy craving for ice cream
February 9, 2012 – INTERNATIONAL Dairy Queen Inc, part of Warren Buffett’s Berkshire Hathaway family, plans to open another 500 stores in the next five years in China to…
Car sales decline most in over 7 years
February 9, 2012 – CHINA’S monthly passenger-vehicle deliveries in January fell the most in over seven years after an earlier-than-usual Lunar New Year holiday season de…
Exhibition tells tech park’s evolution
February 9, 2012 – AN exhibition is being held to showcase the development of the Shanghai Zhangjiang High-Tech Industrial Park in Pudong New Area and high-tech products…
Fuel price rise, queues at the pump
February 9, 2012 – THE National Development and Reform Commission, the government department that sets fuel prices in China, was true to form when it announced increases…
Demand and growth lift Lenovo’s net
February 9, 2012 – LENOVO Group Ltd’s net profit in the third fiscal quarter hit a record high and beat analysts’ estimates as it tapped the surging demand of Chinese co…
SMIC’s Q4 loss widens on weak economy
February 9, 2012 – SEMICONDUCTOR Manufacturing International Corporation, the biggest made-to-order chip maker in the Chinese mainland, yesterday reported a wider loss b…
ECB rate unchanged
February 9, 2012 – THE European Central Bank left its benchmark interest rate unchanged at a record low 1 percent yesterday, while it waits to see whether the economy ne…
Climb in CPI fails to stop index from finishing at 2-month high
February 9, 2012 – SHANGHAI stocks edged up yesterday, driving the benchmark index to a two-month high, despite the higher-than-expected Consumer Price Index in China in…
Credit Suisse 4th quarter loss amid restructuring
February 9, 2012 – CREDIT Suisse Group posted its first fourth-quarter net loss since 2008, as Switzerland’s second-biggest bank continued its drive to reduce its exposu…
Price war of words engulfs two Chinese online giants
February 9, 2012 – ALIBABA, operator of China’s largest online shopping site Taobao, is involved in renewed battle with another e-commerce giant, 360Buy.com, over prices…
Greeks agree on more austerity cuts to release US$173b bailout
February 9, 2012 – GREECE has reached a tentative agreement on new austerity cuts demanded by creditors to release a 130 billion euro (US$173 billion) bailout, hours bef…
Details Emerge About Shang Xia’s Upcoming Paris Boutique, New China Exhibitions
February 9, 2012 – One of the standouts in China’s nascent home-grown luxury industry and a Jing Daily favorite, Shanghai-based Shang Xia is currently at work preparing…
Banks, States Reach Accord (Wall Street Journal)
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U.S. Stocks Firm (Wall Street Journal)
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Bombardier CEO Is Confident in China Rail Safety
February 9, 2012 – Bombardier CEO Pierre Beaudoin defended China’s high-speed rail network, and said he was entirely confident in the system’s safety.
Power-Struggle Talk Grows in China (Wall Street Journal)
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Power-Struggle Speculation Grows in China (uol sinopsys)
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Viktor Bout Wants Better Prison Conditions
February 9, 2012 – A Russian arms dealer convicted last year of conspiring to sell surface-to-air missiles and other weapons after getting caught in a sting operation in…
Icra places Mannapuram debt instruments onwatch (The Economic Times)
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India Trade Gap Widens
February 9, 2012 – India’s trade deficit widened after two months in January as imports surged, but it is expected to narrow again in the remainder of this fiscal year t…
Pact rejig to stop Mauritius misuse (India Gazette)
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Temasek sells 1.4% in ICICI (India Gazette)
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Airtel profit dips 22% (India Gazette)
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Stocks close up despite surprise CPI jump
February 9, 2012 – SHANGHAI stocks edged up despite the higher-than-expected Consumer Price Index in January. The Shanghai Composite index gained 0.09 percent, to 2,34…
China to Bring Back Government-Bond Futures
February 9, 2012 – China is on track to reintroduce government bond futures, a major financial derivatives instrument banned 17 years ago after a notorious trading scand…
Myanmar Residents Scramble to See "The Lady"
February 9, 2012 – Seeing the real Aung San Suu Kyi in Myanmar these days may be even easier than spotting the film version.
Surprise inflation jump dashes monetary easing hopes
February 9, 2012 – CHINA’S inflation rebounded unexpectedly in January mainly due to higher food prices during the Spring Festival, denting hopes of easing monetary poli…
Lady Gaga Names Asia Tour Dates
February 9, 2012 – Lady Gaga is kicking off her “Born This Way Ball” world tour in Asia, with stops in South Korea, Hong Kong, Japan, Singapore, Australia and New Zealan…
Business › Tokyo shares end mixed
February 9, 2012 – Tokyo shares ended mixed Thursday, with the benchmark Nikkei softening on profit-taking following the index’s first finish above the 9,000-level in th…
Australia’s Lack of Green M&A
February 9, 2012 – Though M&A in the renewables and clean energy space jumped 40% to US$53.5 billion from US$38.2 billion in 2012, don’t expect Australia to account for…
Lenovo Net Profit Surges 54%
February 9, 2012 – Chinese computer maker Lenovo Group said its third-quarter net profit rose 54% from a year earlier, but warned that it expects a global hard disk driv…
Indonesia Steps on the Gas
February 9, 2012 – GM, Toyota, Tata and other global car makers are in the middle of an expansion spree in Indonesia, battling for a piece of the world’s next auto hub.
Stock market rise defies higher inflation data
February 9, 2012 – THE Shanghai Composite Index edged up in the morning session despite the accelerated Consumer Price Index in January. The key index gained 0.02 perc…
Foreign Deal on Tax Dodging
February 9, 2012 – The Treasury Department and the governments of five European nations reached broad agreement Wednesday on a proposal to prevent U.S. taxpayers from do…
China’s inflation increases 4.5% in January
February 9, 2012 – THE Consumer Price Index, the main gauge of inflation, grew 4.5 percent from a year ago in January, the National Bureau of Statistics said today on it…
Chinese Fund to Back Films in U.S., China
February 9, 2012 – A government-backed Chinese film fund said it will begin co-financing and co-producing movies in both China and the U.S.
Business › Japan machinery orders fall 7.1 percent in December
February 9, 2012 – Japan’s core machinery orders fell 7.1% in December from a month earlier, the Cabinet Office said Thursday, as firms remain cautious due to a strong y…
Oil prices rise after US supply report
February 9, 2012 – OIL prices climbed to near US$99 per barrel yesterday following government reports that US crude stockpiles didn’t grow as much as expected last week.
Stocks rally from early losses to close higher
February 8, 2012 – STOCKS staged an afternoon-long rally and closed higher yesterday as Greece appeared to close in on the cost-cutting deal it needs to keep from defaul…
Chinese Software Company Expects Big Profit Increase
February 8, 2012 – Chinese software provider UFIDA Software Company Limited has published a report stating that its net profit for 2011 is expected to increase by betwee…
In 12 PSUs, 12k staffers not paid for months (The Times Of India)
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Thomas Cook to exit India ops (The Times Of India)
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Prices At Upcoming Jayer Wine Auction In Hong Kong May Reach “Stratospheric Highs”
February 8, 2012 – Comprised of 102 lots, estimated to sell for more than HK$20 million (US$2.5 million), the sale features impeccable provenance and includes some of th…
Business › Nissan quarterly profit rises despite floods, strong yen
February 8, 2012 – Nissan’s quarterly profit rose 3.2% on healthier sales that offset production damage from flooding in Thailand and a battering from the strong yen.
Business › Sony’s troubles continue with S&P downgrade
February 8, 2012 – Credit rating agency Standard and Poor’s on Wednesday lowered its rating of Japanese electronics and entertainment giant Sony, less than a week after…
Business › Skymark to order six Airbus A330-300s
February 8, 2012 – Japanese low-cost carrier Skymark Airlines said Wednesday it would order six Airbus A330-300 planes, for expected delivery from 2014, as it seeks to f…
For home loans, now pay a bigger pie of property value (The Times Of India)
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Business › Toyota to expand Indiana plant, add 400 jobs
February 8, 2012 – Toyota says it will expand its factory in Princeton, Indiana, and add 400 jobs so it can build more Highlander SUVs. The hiring and expansion w…
Amazon.cn Stops Free Delivery Policy
February 8, 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…
Business › Mitsui to participate in grain collection business in Heilongjiang
February 8, 2012 – Mitsui & Co Ltd, Chinese Heilongjiang Nongken Beidahuang Trade Group Co and its wholly owned subsidiary Beidahuang Grain Logistics Co have reached an…
Business › British Airways, JAL agree on tie-up
February 8, 2012 – British Airways and Japan Airlines have agreed on a tie-up on flights between Europe and the world’s third-biggest economy in a new cost-cutting initi…
Which Luxury Brands Will Benefit From China’s “Savvy” Shoppers?
February 8, 2012 – Though Chinese shoppers “still like an extra dose of bling on everything,” a trend that we expect to see continuing to spread from top-tier to second-…
Shanghai Tang Launches Charity Polo Shirt At London Event
February 8, 2012 – One of the most actively philanthropic high-end brands in Asia, this week the Hong Kong-based, Richemont-owned fashion house Shanghai Tang debuted a n…
Business › Japan’s current account surplus smallest in 15 years
February 8, 2012 – Japan’s current account surplus tumbled 43.9% to a 15-year low in 2011 as the nation logged a trade deficit due to lower exports and higher energy cos…
Business › Tokyo stocks top 9,000 at close
February 8, 2012 – Tokyo stocks closed higher on Wednesday, topping the 9,000 mark for the first time in three months, supported by overnight gains on Wall Street and a…
Business › Mitsubishi willing to sell Dutch plant for 1 euro if buyer keeps workers
February 8, 2012 – Mitsubishi Motors is willing to sell its Netherlands factory “for one euro” if the buyer is prepared to keep employing the 1,500 workers there, the co…
Business › Toyota’s 9-month profits down, but year looking up
February 7, 2012 – Toyota said its nine-month profits were down more than half, but that things were looking better than expected over the year as a whole. The motor…
ZTE Launches First Tablet In America
February 7, 2012 – Chinese telecom equipment maker ZTE has launched its first tablet computer product Optik in the United States. Sprint will be reportedly in charge of…
Business › Airline industry split widens over EU carbon tax row
February 7, 2012 – A split widened within the aviation industry Tuesday over EU charges for carbon emissions, as Europe’s low-cost carriers accused Chinese and U.S. riva…
Q&A: Larry Boland, President Of Piaget North America
February 7, 2012 – Jing Daily recently spoke to Larry Boland, President of Piaget North America, about the “Dragon & Phoenix” series, its reception, and what Piaget…
China News Roundup: G.O.D. Taunts D&G, Jackie Chan Jets, Grey Goose Says “I Do” In Beijing
February 7, 2012 – A roundup of news coming out of China this week, from one Hong Kong retailer’s response to D&G’s photo fiasco to Jackie Chan’s role in building E…
ICICI Securities launches new advisory products (The Economic Times)
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Chinese Appetite For Omega And Breguet Fuels 18% Swatch Group Sales Boost
February 7, 2012 – Owners of luxury watchmakers Omega and Breguet, as well as the flagship Swatch, the Swatch Group recorded income of US$1.4 billion last year, up from…
Basix seeks Rs 800 cr CDR, Rs 500 cr in fresh funding (The Economic Times)
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B&Q Closes Home Building Retail Store In China
February 7, 2012 – The home supplies retailer B&Q has closed one more store in Nanjing. With this closure, its number of stores in this city within the Yangtze Rive…
Business › Tokyo stocks close mixed
February 7, 2012 – Tokyo stocks closed mixed Tuesday with investor sentiment dampened by uncertainty over talks on Greek debt. The Nikkei 225 index at the Tokyo Stock…
Investors seek Bumi talks with Bakries (Financial Times)
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Business › Mitsubishi Motors plan to end European production a blow to Netherlands
February 6, 2012 – The Dutch government on Monday called Mitsubishi Motors’ plans to stop making cars at its sole western European plant “a blow”, with trade unions sayi…
Business › Boeing finds problem in tail section of 787 Dreamliners
February 6, 2012 – Boeing said on Monday that repairs are needed in the tail sections of some of its new 787s, although it said there’s no immediate safety concern.
RBI bans Manappuram Finance, Manappuram Agro Farms from taking public deposits (The Economic Times)
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Record-Setting $250 Million Impressionist Painting Confirms Art Prices Still Expanding
February 6, 2012 – The recent $250 million sale reflects the new multipolarity and shifting power structure of the art world, where emerging players like China and India…
Apple Adopts New iPhone Sales System 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…
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…
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…
Economic Outlook: Monetary moves awaited (Financial Times)
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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…
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,…
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…
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…
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…