Provides the latest RSS feeds for Asia Business News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Malaysia Sun.com http://www.malaysiasun.com/index.php/cat/5e8a9e9456185a7e/ en-us Mon, 20 May 2013 20:57:47 -0400 Mon, 20 May 2013 20:57:47 -0400 30 Mon May 20, 2013 2:50pm EDT (Reuters) - Softbank Corp (9984.T) is seeking to raise about 400 billion yen ($3.90 billion) through a sale of retail bonds to finance its bid for No.3 U.S. mobile phone carrier Sprint Nextel Corp (S.N), the Nikkei reported. The proceeds from the offering, which is expected to be launched as early as next month, will also be used for redeeming existing bonds, the ... http://www.malaysiasun.com/index.php/sid/214641315/scat/5e8a9e9456185a7e Mon, 20 May 2013 14:50:00 -0400 http://www.malaysiasun.com/index.php/sid/214641315/scat/5e8a9e9456185a7e Toyota Motor Corp. is planning to increase production of lithium-ion batteries by six times, as the automaker prepares to eventually use them in its flagship Prius gasoline-electric hybrid cars, the Nikkei business daily reported on Sunday. Currently, most of Toyota's hybrid vehicles use nickel-metal hydride batteries but the automaker is planning to make more cars with lithium-ion ... http://www.malaysiasun.com/index.php/sid/214639894/scat/5e8a9e9456185a7e Mon, 20 May 2013 14:34:18 -0400 http://www.malaysiasun.com/index.php/sid/214639894/scat/5e8a9e9456185a7e bitcoin exchange, traders and other people interested in the digital currency are looking nervously at the future. Bitcoins have always operated outside of the established financial system, so does the action by ... http://www.malaysiasun.com/index.php/sid/214638515/scat/5e8a9e9456185a7e Mon, 20 May 2013 13:47:35 -0400 http://www.malaysiasun.com/index.php/sid/214638515/scat/5e8a9e9456185a7e While gold dropped by Rs 330 to Rs 26,370 per 10 grams, matching its price on August 10, 2011, silver prices plunged by Rs 1,530 to Rs 42,170 per kg, a level last seen on November 26, ... http://www.malaysiasun.com/index.php/sid/214637145/scat/5e8a9e9456185a7e Mon, 20 May 2013 12:37:44 -0400 http://www.malaysiasun.com/index.php/sid/214637145/scat/5e8a9e9456185a7e ';I was stopped by two men in a government-registered vehicle, blindfolded and dragged off the street. They took me away to a house in a place I did not know. I was forced into a room with blood all over the walls and floor, ... http://www.malaysiasun.com/index.php/sid/214637146/scat/5e8a9e9456185a7e Mon, 20 May 2013 12:25:28 -0400 http://www.malaysiasun.com/index.php/sid/214637146/scat/5e8a9e9456185a7e Although inflation-indexed bonds prove beneficial during times of high inflation, they underperform when the economy goes through a deflationary ... http://www.malaysiasun.com/index.php/sid/214634319/scat/5e8a9e9456185a7e Mon, 20 May 2013 10:14:18 -0400 http://www.malaysiasun.com/index.php/sid/214634319/scat/5e8a9e9456185a7e pharma retail market has shown signs of recovery with a 9.7% growth in April this year, as against 5.6% in March 2013, according to data from AIOCD ... http://www.malaysiasun.com/index.php/sid/214633115/scat/5e8a9e9456185a7e Mon, 20 May 2013 09:27:21 -0400 http://www.malaysiasun.com/index.php/sid/214633115/scat/5e8a9e9456185a7e ONGC and OIL as well as private firms like Reliance Industries to $6.7, less than $8-8.5 hike previously expected. In a note for the Cabinet Committee on Economic Affairs (CCEA), the ministry has proposed ... http://www.malaysiasun.com/index.php/sid/214631942/scat/5e8a9e9456185a7e Mon, 20 May 2013 08:28:23 -0400 http://www.malaysiasun.com/index.php/sid/214631942/scat/5e8a9e9456185a7e The BSE Sensex snapped a four-day winning streak on Monday, retreating from two-and-a-half-year highs as investors booked profits on rate-sensitive stocks such as ICICI ... http://www.malaysiasun.com/index.php/sid/214630881/scat/5e8a9e9456185a7e Mon, 20 May 2013 07:29:05 -0400 http://www.malaysiasun.com/index.php/sid/214630881/scat/5e8a9e9456185a7e There will be no Triple Crown winner again this year, but Orb's defeat in the Preakness Stakes does tee up an interesting summer of racing. Meanwhile, some other potential stars, including Last Gunfighter and Fiftyshadesofhay, emerged from the weekend of racing at Pimlico. Hong Kong horses ran off with both of Singapore's International Group 1 races, Farhh provided a bright spot for ... http://www.malaysiasun.com/index.php/sid/214631740/scat/5e8a9e9456185a7e Mon, 20 May 2013 07:11:38 -0400 http://www.malaysiasun.com/index.php/sid/214631740/scat/5e8a9e9456185a7e WestnEast, a traditional Korean pancake house in the hip shopping area of Garosugil in Seoul, used to be big hit with Japanese tourists when it first opened four years ago, being featured in a famous Japanese travel magazine. But now the caf is feeling the pinch from dwindling Japanese customers. "Nearly 40 percent of our revenue used to come from Japanese customers, but that's dropped ... http://www.malaysiasun.com/index.php/sid/214629271/scat/5e8a9e9456185a7e Mon, 20 May 2013 06:35:43 -0400 http://www.malaysiasun.com/index.php/sid/214629271/scat/5e8a9e9456185a7e North Korea fired another short-rangemissileinto the Sea of Japan on Monday, the latest in a series ofmissiledrills that have been condemned by South Korea and UN chief Ban ... http://www.malaysiasun.com/index.php/sid/214627292/scat/5e8a9e9456185a7e Mon, 20 May 2013 04:43:27 -0400 http://www.malaysiasun.com/index.php/sid/214627292/scat/5e8a9e9456185a7e (11 mins ago) Hong Kong shares finished 1.78 percent higher on Monday following a three-day weekend, reflecting a bullish mood on Wall Street which ended last week at another all-time high. The benchmark Hang Seng Index added 410.35 points to end at 23,493.03 on turnover of HK$69.06 billion, AFP reports. Chinese shares closed up 0.75 percent on Monday as investors hunted for bargains in ... http://www.malaysiasun.com/index.php/sid/214626871/scat/5e8a9e9456185a7e Mon, 20 May 2013 04:35:07 -0400 http://www.malaysiasun.com/index.php/sid/214626871/scat/5e8a9e9456185a7e Jonathan Garner, MD & Chief Asia and Emerging Market Equity Strategist, Morgan Stanley explains his bullish stance on the Hong Kong benchmark ... http://www.malaysiasun.com/index.php/sid/214625093/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:57:16 -0400 http://www.malaysiasun.com/index.php/sid/214625093/scat/5e8a9e9456185a7e Silver futures on Monday tumbled 4 per cent to hit the lower circuit at Rs 40,912 per kg, the lowest level in 31 months, largely in tandem with a weakening trend overseas. At ... http://www.malaysiasun.com/index.php/sid/214625094/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:54:31 -0400 http://www.malaysiasun.com/index.php/sid/214625094/scat/5e8a9e9456185a7e At a certain level, there can be no bigger act of cheating than of players who deliberately underperform for material gain for sport works entirely on ... http://www.malaysiasun.com/index.php/sid/214625095/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:54:30 -0400 http://www.malaysiasun.com/index.php/sid/214625095/scat/5e8a9e9456185a7e Members are registered users on Timesofindia.com. Only they are qualified to earn badges and points for their activities. So register and get a badge right ... http://www.malaysiasun.com/index.php/sid/214625096/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:54:30 -0400 http://www.malaysiasun.com/index.php/sid/214625096/scat/5e8a9e9456185a7e (27 mins ago) Stocks in Tokyo gained 1.47 percent as investors renewed their hopes for Tokyo's growth policy while strong US data and the weaker yen continued to encourage investors. The benchmark Nikkei 225 index soared 222.69 points to 15,360.81, the best close since December 2007. The Topix index of all first-section issues climbed 1.30 percent or 16.27 points to 1,269.51. ... http://www.malaysiasun.com/index.php/sid/214625097/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:48:17 -0400 http://www.malaysiasun.com/index.php/sid/214625097/scat/5e8a9e9456185a7e TOKYO, May 20 (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and as the Japanese government raised its assessment of the economy in May for the first time in two months. Signs of an improving U.S. economy and Wall Street's record closing high on Friday cemented the positive mood. The Nikkei climbed 1.5 percent to ... http://www.malaysiasun.com/index.php/sid/214625084/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:09:52 -0400 http://www.malaysiasun.com/index.php/sid/214625084/scat/5e8a9e9456185a7e futures trade in line with weak overseas trends. Gold prices, which had been plummeting since last week, fell by another Rs 399, or 1.54%, to trade at a Rs 25,556 per 10 grams for delivery in August at the Multi Commodity Exchange. The June contract of gold dropped by Rs 380, or 1.47%, to Rs 25,455 per 10 gm in 2,432 ... http://www.malaysiasun.com/index.php/sid/214624506/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:02:41 -0400 http://www.malaysiasun.com/index.php/sid/214624506/scat/5e8a9e9456185a7e There is no case for downgrading India's sovereign credit rating, economic affairs secretary Arvind Mayaram told the news channel ET Now on Monday, after Standard & Poor's reiterated its negative outlook on the country's credit ... http://www.malaysiasun.com/index.php/sid/214624507/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:02:40 -0400 http://www.malaysiasun.com/index.php/sid/214624507/scat/5e8a9e9456185a7e Toyota is planning a giant increase in production of lithium ion batteries as prepares to use them in its flagship Prius sedan, Reuters reports. Toyota plans a six-fold boost in it use of the batteries, ... http://www.malaysiasun.com/index.php/sid/214624508/scat/5e8a9e9456185a7e Mon, 20 May 2013 02:01:26 -0400 http://www.malaysiasun.com/index.php/sid/214624508/scat/5e8a9e9456185a7e Thailand's economy contracted more than expected in January-March from the previous three months, which economists said raises the chances that this month will bring a rate cut the government wants. Also on Monday, the National Economic and Social Development Board (NESDB) on Monday trimmed its forecast for full-year economic expansion to 4.2-5.2 percent from 4.5-5.5 percent range. For 2013, ... http://www.malaysiasun.com/index.php/sid/214623850/scat/5e8a9e9456185a7e Mon, 20 May 2013 01:13:40 -0400 http://www.malaysiasun.com/index.php/sid/214623850/scat/5e8a9e9456185a7e (41 mins ago) Hong Kong stocks were up 1.70 percent by the break on Monday, with investors encouraged by strong US data and reflecting a bullish mood on Wall Street, which ended last week at another all-time high. The benchmark Hang Seng Index rose 391.35 points to 23,474.03 by the noon break on turnover of HK$37.26 billion, AFP ... http://www.malaysiasun.com/index.php/sid/214623851/scat/5e8a9e9456185a7e Mon, 20 May 2013 01:05:07 -0400 http://www.malaysiasun.com/index.php/sid/214623851/scat/5e8a9e9456185a7e Australian stocks have enjoyed solid gains amid the party in global equities, rising around 20 percent over the past six months, however, one strategist fears the rally could be short-lived. The rally ... http://www.malaysiasun.com/index.php/sid/214623279/scat/5e8a9e9456185a7e Mon, 20 May 2013 00:21:55 -0400 http://www.malaysiasun.com/index.php/sid/214623279/scat/5e8a9e9456185a7e LOS ANGELES (MarketWatch) -- The Bank of Japan said in its May report issued Monday that the nation's economy was slowly improving, marking an upgrade from its views in the April update, according to reports. The previous outlook had mentioned signs of recovery but with weak spots, a Reuters report said, while Dow Jones Newswires said the upgrade was the first in two months. Japanese stocks ... http://www.malaysiasun.com/index.php/sid/214623281/scat/5e8a9e9456185a7e Mon, 20 May 2013 00:09:09 -0400 http://www.malaysiasun.com/index.php/sid/214623281/scat/5e8a9e9456185a7e steep decline and Japan's policymakers are starting to voice their concern about the pace of the currency's move. The yen pulled back from four-and-a-half year lows against the dollar on Monday following a report in the Wall Street Journal that cited Japanese economy minister Akira Amari as saying the yen's excessive strength has now been largely corrected and further weakness in ... http://www.malaysiasun.com/index.php/sid/214622729/scat/5e8a9e9456185a7e Sun, 19 May 2013 23:29:35 -0400 http://www.malaysiasun.com/index.php/sid/214622729/scat/5e8a9e9456185a7e (2 mins ago) Stocks in Tokyo gained 1.38 percent with investors encouraged by strong US data and the weaker yen. The benchmark Nikkei 225 index soared 208.89 points to 15,347.01 by the break while the Topix index of all first-section issues climbed 1.38 percent or 17.29 points to ... http://www.malaysiasun.com/index.php/sid/214622742/scat/5e8a9e9456185a7e Sun, 19 May 2013 23:20:47 -0400 http://www.malaysiasun.com/index.php/sid/214622742/scat/5e8a9e9456185a7e The U.S. dollar and its reaction to the Federal Reserve Chairman Ben Bernanke's Congress testimony on Wednesday will prove central for crude oil price direction this week, according to CNBC's weekly survey of market sentiment. Nine out of 13 respondents, or about 69 percent, expect prices to soften this week while two forecast gains and the remaining two are neutral on the market. ... http://www.malaysiasun.com/index.php/sid/214622295/scat/5e8a9e9456185a7e Sun, 19 May 2013 22:35:39 -0400 http://www.malaysiasun.com/index.php/sid/214622295/scat/5e8a9e9456185a7e (28 mins ago) Stocks in Hong Kong opened 1.3 percent higher following a three-day weekend, reflecting a bullish mood on Wall Street, which ended last week at another all-time high. The benchmark Hang Seng Index was up 301.11 points to 23,383.79 in the first few minutes of trade. Shares in Shanghai were up slightly in early trading due to buying of property stocks, dealers said. The benchmark ... http://www.malaysiasun.com/index.php/sid/214622296/scat/5e8a9e9456185a7e Sun, 19 May 2013 22:27:07 -0400 http://www.malaysiasun.com/index.php/sid/214622296/scat/5e8a9e9456185a7e " alt="Qantas find favour with business travellers while Virgin flies steady" style="position: absolute; top: 50%; left: 50%; margin-left: -233.5px; margin-top: -130px;" title="Qantas find favour with business travellers while Virgin flies steady" ... http://www.malaysiasun.com/index.php/sid/214621736/scat/5e8a9e9456185a7e Sun, 19 May 2013 21:41:25 -0400 http://www.malaysiasun.com/index.php/sid/214621736/scat/5e8a9e9456185a7e (MENAFN) Toyota Motor Corp is preparing to increase production of lithium-ion batteries to use them in the company's Prius, reported Reuters citing the Nikkei.The lithium-ion batteries will replace the nickel-metal hydride batteries that the automaker is using on its hybrid cars.This new battery is smaller and lighter, which will help improving the fuel economy.It's worth noting that ... http://www.malaysiasun.com/index.php/sid/214621158/scat/5e8a9e9456185a7e Sun, 19 May 2013 20:57:13 -0400 http://www.malaysiasun.com/index.php/sid/214621158/scat/5e8a9e9456185a7e A two-day Bank of Japan meeting, a speech by the Federal Reserve's chief and minutes from the latest Reserve Bank of Australia gathering put central banks in focus for Asian markets in the week ahead. The Bank of Japan (BOJ) concludes its policy meeting on Wednesday and economists are not expecting any significant changes so soon after the central ... http://www.malaysiasun.com/index.php/sid/214621159/scat/5e8a9e9456185a7e Sun, 19 May 2013 20:52:30 -0400 http://www.malaysiasun.com/index.php/sid/214621159/scat/5e8a9e9456185a7e Shibulal cited the recent Infosys 3.0 strategy as a transformation exercise that could set the company on a high-quality growth path in the long ... http://www.malaysiasun.com/index.php/sid/214621161/scat/5e8a9e9456185a7e Sun, 19 May 2013 20:36:30 -0400 http://www.malaysiasun.com/index.php/sid/214621161/scat/5e8a9e9456185a7e India's Prime Minister Manmohan Singh told visiting Chinese President Li Keqiang on Sunday a recent military standoff in the Himalayas could affect relations between the two countries as they looked to boost bilateral trade. At a meeting shortly after Li arrived in India on his first foreign trip, Singh said relations were affected when "peace and tranquility" on the border was ... http://www.malaysiasun.com/index.php/sid/214620560/scat/5e8a9e9456185a7e Sun, 19 May 2013 20:00:40 -0400 http://www.malaysiasun.com/index.php/sid/214620560/scat/5e8a9e9456185a7e NT Qantas is crippling the Territory's tourism industry, the national Transport Workers Union has said. The airline cancelled its seven flights a week to Central Australia, as well as direct flights between Canberra and Darwin, in February.TWU national secretary Tony Sheldon, in Darwin for the union's national council meeting today, said government needed to make sure airlines were ... http://www.malaysiasun.com/index.php/sid/214620561/scat/5e8a9e9456185a7e Sun, 19 May 2013 19:58:46 -0400 http://www.malaysiasun.com/index.php/sid/214620561/scat/5e8a9e9456185a7e Qantas is crippling the Territory's tourism industry, the national Transport Workers Union has said. The airline cancelled its seven flights a week to Central Australia, as well as direct flights between Canberra and Darwin, in February. TWU national secretary Tony Sheldon, in Darwin for the union's national council meeting today, said government needed to make sure airlines were ... http://www.malaysiasun.com/index.php/sid/214620563/scat/5e8a9e9456185a7e Sun, 19 May 2013 19:44:29 -0400 http://www.malaysiasun.com/index.php/sid/214620563/scat/5e8a9e9456185a7e VF Corp. VF confirmed on Saturday it was still using Liz Apparels to make its clothing following an inspection ordered by the factory owner, Nassa Group, on May 12. VF, whose other clothing brands include North Face, Timberland and Nautica, said its philosophy was to "stay and improve" working conditions."We are in daily contact with the facility and VF's leadership is closely ... http://www.malaysiasun.com/index.php/sid/214619503/scat/5e8a9e9456185a7e Sun, 19 May 2013 18:22:42 -0400 http://www.malaysiasun.com/index.php/sid/214619503/scat/5e8a9e9456185a7e MANILA, Philippines--The group of taipan George Ty expects its automotive business under Toyota Motor Philippines (TMP) to get a big boost from the rise of the domestic economy as per capita gross domestic product (GDP) is seen to hit $3,000 in the next few years. GT Capital, the parent company of TMP, is ready to ramp up manufacturing output and expand its distribution network to meet the ... http://www.malaysiasun.com/index.php/sid/214619504/scat/5e8a9e9456185a7e Sun, 19 May 2013 18:07:09 -0400 http://www.malaysiasun.com/index.php/sid/214619504/scat/5e8a9e9456185a7e MUMBAI: A recent Delhi high court order allowing the merger of Vodafone Essar's tower assets into Indus Towers will finally clear all legal hurdles for the tower company - a joint venture between India's top three private mobile operators Bharti Airtel, Vodafone ... http://www.malaysiasun.com/index.php/sid/214618513/scat/5e8a9e9456185a7e Sun, 19 May 2013 16:41:29 -0400 http://www.malaysiasun.com/index.php/sid/214618513/scat/5e8a9e9456185a7e Shibulal cited the recent Infosys 3.0 strategy as a transformation exercise that could set the company on a high-quality growth path in the long ... http://www.malaysiasun.com/index.php/sid/214618514/scat/5e8a9e9456185a7e Sun, 19 May 2013 16:41:28 -0400 http://www.malaysiasun.com/index.php/sid/214618514/scat/5e8a9e9456185a7e private equity firms, has raised $250 million (over Rs 1,350 crore) from global investors to build industrial warehousing in the country. The just-concluded fund raise probably signals the return of long-term risk investors to India investment story, which they had put on hold for last 24 months. Everstone is developing a network of warehousing centres through IndoSpace Logistics Parks, a joint ... http://www.malaysiasun.com/index.php/sid/214618515/scat/5e8a9e9456185a7e Sun, 19 May 2013 16:41:27 -0400 http://www.malaysiasun.com/index.php/sid/214618515/scat/5e8a9e9456185a7e real estate development in town, pesky messages have made a strong comeback. What's worse, there is a sudden rise in the number of phone calls, several of which are soliciting donations from non-governmental organizations (NGOs) that you have probably never heard of. Then, there are agents of some of the ... http://www.malaysiasun.com/index.php/sid/214618516/scat/5e8a9e9456185a7e Sun, 19 May 2013 16:41:26 -0400 http://www.malaysiasun.com/index.php/sid/214618516/scat/5e8a9e9456185a7e The Yahoo Inc. board has approved the $1.1-billion (U.S.) acquisition of Tumblr, a New York-based blogging service, according to The Wall Street Journal.The purchase was a foregone conclusion, said the website AllThingsD.com, citing sources close to the tech giant's board.The deal is just the latest effort by Yahoo to cultivate a hipper image since the arrival of CEO Marissa Mayer last ... http://www.malaysiasun.com/index.php/sid/214618416/scat/5e8a9e9456185a7e Sun, 19 May 2013 16:04:00 -0400 http://www.malaysiasun.com/index.php/sid/214618416/scat/5e8a9e9456185a7e British tax . Writing in Britain's Observer newspaper, Schmidt insisted that Google "has always aspired to do the right thing" and that the company pays "significant" amounts of British corporate, local and employment tax. But he added: "International tax law could almost certainly benefit from reform." Margaret Hodge, chairwoman of the British parliament's ... http://www.malaysiasun.com/index.php/sid/214617016/scat/5e8a9e9456185a7e Sun, 19 May 2013 14:06:05 -0400 http://www.malaysiasun.com/index.php/sid/214617016/scat/5e8a9e9456185a7e