Economy Government and Policy

  • Google's plans to beam the Internet from giant balloons sent to the stratosphere could boost small businesses in rural parts of Asia by connecting them online, the company said Wednesday. Karim Temsamani, ...

  • Nikkei climbs to one-week high Reuters - 10 minutes ago

    By Dominic Lau TOKYO (Reuters) - Japan's Nikkei average hit a one-week high on Wednesday, with traders citing the launch of a near $780 million investment trust as a driving factor, while SoftBank Corp ...

  • Chinese telecom giant Huawei on Wednesday vowed to catch up with its more popular rivals Apple and Samsung after unveiling its newest phone for the first time in Asia. Huawei unveiled its Ascend P6 at ...

  • How to avoid being scammed when online shopping in … Singapore Business Review - 23 minutes ago
    How to avoid being scammed when online shopping in Singapore

    Try not to make these mistakes. According to Ooi Huey Tyng, Visa’s Country Manager for Singapore and Brunei, before Singaporean shoppers head off to buy online, they must keep in mind the following tips ...

  • By Stephanie Simon REUTERS - The International Monetary Fund will make its training sessions on financial policy and debt sustainability available online this year to government officials worldwide, allowing ...

  • LONDON (Reuters) - Britain should introduce laws making it possible to jail "reckless" bankers and claw back past bonus and pension awards, an influential panel of lawmakers said on Wednesday. ...

  • Tokyo stocks close 1.83% higher AFP - 39 minutes ago

    Tokyo stocks closed 1.83 percent higher on Wednesday, ahead of the Federal Reserve ending its policy meeting and as official data showed Japan's exports soared in May thanks to a weaker yen. The benchmark ...

  • By Ian Chua SYDNEY (Reuters) - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street and a softer yen, outperforming the rest of Asia which anxiously waited for clarity on the U.S. ...

  • MUMBAI (Reuters) - India will auction 420.22 billion rupees in unused government debt limits to foreign investors on June 20, a source with direct knowledge of the plans said on Wednesday. Market regulator ...

  • When Google chose New Zealand to unveil secret plans for a balloon-driven wi-fi network last weekend, it cemented the country's reputation as a test bed for global tech companies looking to trial their ...

  • * SIR20 done at 104.25-104.75 cents/lb * SMR20 sold at $2.35-$2.40/kg * China turns to own inventory By Lewa Pardomuan SINGAPORE, June 19 (Reuters) - Tyre makers in China have turned to the country's mounting ...

  • Reuters Market Eye - The BSE Sensex falls 0.5 percent, while the broader Nifty is 0.4 percent lower, heading towards their second consecutive day of declines. The U.S. Federal Reserve is due to end a pivotal ...

  • By Kaori Kaneko and Stanley White TOKYO (Reuters) - Japan's exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding ...

  • Samoan airline introduces 'XL' class AFP - 1 hour 58 minutes ago

    A tiny Samoan airline says it will introduce an "XL" class for super-sized passengers, featuring extra-wide rows and special ramps to help them reach their seats. Samoa Air has already pioneered ...

  • Asia Markets mostly down as investors eye Fed

    Asian markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the U.S. Federal Reserve. The results of a two-day Fed policy meeting will likely ripple through stock ...

  • Chinese property and cinema conglomerate Dalian Wanda Group says it is buying British yacht maker Sunseeker and will develop an upmarket London hotel, expanding into the luxury market as part of the latest ...

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    By Andrew Osborn LONDON (Reuters) - WikiLeaks founder Julian Assange says he will not leave the sanctuary of the Ecuadorean Embassy in London even if Sweden stops pursuing sexual assault claims against ...

  • Nikkei outperforms Asian stocks as Fed looms Reuters - 2 hours 35 minutes ago
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    By Ian Chua SYDNEY (Reuters) - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street plus a softer yen, outperforming the rest of Asia which anxiously seeks clarity on the Federal ...

  • Netflix Expands to Netherlands AllThingsD - 2 hours 41 minutes ago

    Netflix will offer its streaming video service in the Netherlands later this year, as it increases its reach in Europe. The company, which began expanding outside of the U.S. in 2010, had previously said ...

  • Netflix is going Dutch. The online video giant says it will expand into the Netherlands, its 41st country, later this year. Subscribers will be able to stream Hollywood fare, local TV series and Netflix ...

  • Love Amsterdam? So does Netflix: The streaming service revealed that it's going to launch in the Netherlands later this year.

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    By Miyoung Kim SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, ...

  • Winners and losers in Asia as commodity price super … Singapore Business Review - 3 hours ago
    Winners and losers in Asia as commodity price super cycle ends

    Who could be the next big player? According to Deutsche Bank's Special Report on commodity supercycle, most Asian economies are importers of energy, with Australia, Malaysia, and Indonesia three notable ...

  • Tokyo stocks ended the morning session 1.25 percent higher on Wednesday, following gains on Wall Street and as official data showed Japan's exports soared in May thanks to a weaker yen. The benchmark Nikkei ...

  • Japan extended a string of trade deficits in May, official data showed Wednesday, as the country's import costs rose on the weak yen but shipments to the United States and China soared. The strong export ...

  • Asian markets were mixed on Wednesday, with attention turning to the US Federal Reserve's policy meeting, while Tokyo enjoyed another rally thanks to a weaker yen and data showing a surge in exports. Wall ...

  • MUMBAI (Reuters) - Optimism among Asia's top companies gathered momentum in the second quarter despite lingering concerns about the global economy and rising costs, the latest Thomson Reuters/INSEAD Asia ...

  • SYDNEY (Reuters) - Optimism among Asia's top companies gathered momentum in the second quarter despite lingering concerns about the global economy and rising costs, the latest Thomson Reuters/INSEAD Asia ...

  • Oil prices were mixed in Asian trade Wednesday, as investors await the outcome of a US Federal Reserve meeting for clues on when it will begin scaling back its massive stimulus programme. New York's main ...

  • The opening of a new airport to accommodate budget carriers has been delayed until next year because of design changes and other construction setbacks, Malaysia's airport operator says. Malaysia Airport ...

  • The Cape Wind offshore wind project has secured a $200 million investment from a Danish pension fund in what the wind farm's president said Tuesday is a milestone for the long-delayed project. In a statement ...

  • By Andy Bruce LONDON (Reuters) - Asia will spearhead the rise in global stock markets from now until the end of the year, according to a worldwide Reuters poll that showed only modest gains ahead for North ...

  • Tokyo stocks climbed more than two percent in opening trade on Wednesday, following gains on Wall Street and as official data showed Japan's exports soared in May on a weaker yen. The benchmark Nikkei ...

  • Singapore lagged Japan, Hong Kong on most desirable … Singapore Business Review - 5 hours ago
    Singapore lagged Japan, Hong Kong on most desirable cities list

    As European countries dominated the top 10. In a release, Property Life magazine announced its first annual list of the top 10 most desirable cities, a kind of expatriate ‘bucket list’ of places where ...

  • CapitaLand Limited acquires mixed Shanghai site for … Singapore Business Review - 6 hours ago
    CapitaLand Limited acquires mixed Shanghai site for S$397.5m

    Buys 70% stake in Shanghai property firm. CapitaLand (CAPL) announced that it has paid RMB1.95b (S$397.5m) for a 70% stake in Shanghai Guang Chuan Property Co. Ltd, which owns a prime site in Hanzhonglu, ...

  • Japan's trade deficit for May expanded 9.5 percent from a year earlier to $10.4 billion, official data showed Wednesday as import costs rose on a weak yen. Data from the finance ministry showed Japan incurred ...

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    TOKYO (Reuters) - Japan's Nikkei share average rose to a one-week high on Wednesday, helped by a second-straight day of gains on Wall Street as investors bet that the Federal Reserve would temper worries ...

  • UK banking commission urges better standards

    British bankers could soon be facing harsher penalties for behaving badly. After a year which has seen major scandals involving rate-rigging, money-laundering and rogue-trading rock the UK's financial ...

  • In a bid to kick start Jamaica's chronically stagnant economy, the Caribbean country is wooing its citizens living abroad to invest in the island of their birth. On Tuesday, hundreds of entrepreneurs and ...

  • (Reuters) - Britain's Vodafone Group Plc has raised its preliminary offer to buy Germany's largest cable operator, Kabel Deutschland Holding AG, a day after U.S. media group Liberty Global Plc made a rival ...

  • Shares of some top railroad companies were up at the close of trading: CSX rose $.45 or 1.8 percent, to $25.29. Canadian National Railway Co. rose $1.28 or 1.3 percent, to $99.24. Canadian Pacific Railway ...

  • (Reuters) - British buyout firm 3i Group Plc (III.L), which is carrying out a major restructuring, confirmed on Tuesday that the head of its UK private equity operation has left and that his counterpart ...

  • MEXICO CITY (Reuters) - Russian planemaker Sukhoi delivered its first Superjet 100 plane to Mexico's Interjet airline at the Paris Airshow, the Mexican company said on Tuesday. Another 19 aircraft from ...

  • G-8 seeks unity on Syrian peace talks, tax evasion

    President Barack Obama, Russian President Vladimir Putin and other G-8 leaders attempted to speak with one voice Tuesday on seeking a negotiated Syrian peace settlement — yet couldn't publicly agree on ...

  • The US House of Representatives urged the United Nations aviation group to give a role to Taiwan, a small victory for an island whose rivalry with China keeps it from world bodies. Lawmakers unanimously ...

  • G-8 seeks unity on Syrian peace talks, tax evasion

    President Barack Obama, Russian President Vladimir Putin and other G-8 leaders attempted to speak with one voice Tuesday on seeking a negotiated Syrian peace settlement — yet couldn't publicly agree whether ...

  • The ins and outs of G-8 summit promises

    Group of Eight summit participants are powerful people: the leaders of the U.S., Russia, Britain, Germany, France, Italy, Canada and Japan, plus top officials from the European Union. But they only make ...

  • PARIS (Reuters) - An order for more than 100 Airbus passenger jets by UK low-cost carrier easyJet has re-ignited a long-running trade spat between the European planemaker and U.S. rival Boeing . EasyJet ...

  • LBTYA Eyes Kabel Deutschland Zacks - 11 hours ago

    Liberty Global Inc. has made an offer to acquire Germany's largest cable network company, Kabel Deutschland Holding AG. Liberty Global Inc.

  • (Reuters) - Japan's Toshiba Corp plans to cut about 10 billion yen ($104 million) in costs this fiscal year by reorganizing its network of television factories in Indonesia, China and Poland, the Nikkei ...

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