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May 11, 2012

ASIA News, May 11, 2012

Aussie Set for Second Weekly Drop on Stocks, China Output
Bloomberg
The MSCI Asia Pacific Index (MXAP) of shares fell 1 percent today and is poised for a second week of losses. Trade Failure JPMorgan Chief Executive Officer Jamie Dimon said the company lost money on synthetic credit securities after an “egregious” ...
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Asian Markets Fall Before China Data; Banking Stocks Slide
Wall Street Journal
... otherwise we could have seen a positive start for Asian risk assetstoday," said Stan Shamu, markets strategist at IG Markets. Major banks in the region fell, with Nomura Holdings down by 3.2%, Australia andNew Zealand Banking Group falling 0.6%, ...
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Asian Markets Fall as China Data Disappoints
Wall Street Journal
"The JP Morgan news was the turning point, otherwise we could have seen a positive start for Asian risk assets today," said Stan Shamu, markets strategist, IG Markets. Major banks in the region fell, with Nomura Holdings down by 3.2%, Australia and New ...
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Nvidia Soars After Forecast Tops Estimates: San Francisco
Bloomberg
Shortages from supplier Taiwan Semiconductor Manufacturing Company Ltd. (TSM) are still holding back sales, including for the newKepler line. Like Qualcomm Inc. (QCOM) and other chipmakers, Nvidia subcontracts its production to foundries in Asia.
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As Demand for Chemicals Shifts to Asia, Industry's Dealmaking Follows
Energy Digital (press release)
The report examines these megatrends in detail and explores the kinds of deals and dealmakers most likely to succeed in the challenging newenvironment. Asia's Rise. While the developed world's share of demand for chemical products has declined ...
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India's Industrial Production Unexpectedly Contracted in March
Bloomberg
Production at factories, utilities and mines declined 3.5 percent from a year earlier, the Central Statistical Office said in a statement in New Delhi today, compared with a 4.1 percent increase in February. The median of 32 estimates in a Bloomberg ...
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Bloomberg
Equity Research on The Blackstone Group L.P. and Kohlberg Kravis Roberts & Co ...
MarketWatch (press release)
NEW YORK, NY, May 11, 2012 (MARKETWIRE via COMTEX) -- www.shinesrooms.com has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Asset ...
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Asian markets fall on Greek uncertainty
Channel News Asia
However, dealers sold off the euro, which stood at $1.2920 and 103.09 yen in late Asian trade, compared with $1.2930 and 103.30 yen in NewYork Thursday. The single currency has tumbled from $1.3137 and 105.55 yen since Friday, before the polls.
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The Morning Ledger: JP Morgan Mess Bolsters Volcker Rule Push
Wall Street Journal (blog)
“The enormous loss JP Morgan announced today is just the latestevidence that what banks call 'hedges' are often risky bets that so-called too big to fail banks have no business making,” said Sen. Carl Levin (D., Mich.), chairman of the Senate ...
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Economic situation in the first quarter of 2012 and latest GDP and price ...
7thSpace Interactive (press release)
Hong Kong (HKSAR) - The Government released today (May 11) the First Quarter Economic Report 2012, together with the preliminary figures on Gross Domestic Product (GDP) for the first quarter of 2012. The Government Economist, Mrs Helen Chan, ...
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India's industrial output drops
Financial Times
By James Fontanella-Khan in New Delhi India's industrial output has contracted for the first time in five months, in the latest sign that the sovereign debt crisis in Europe and slowing consumer demand at home are choking Asia's third-largest economy.
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Ivanhoe Mines Appoints New Chairman and Additional Director
SYS-CON Media (press release)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/11/12 -- Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) announced todaythat the company's Board of Directors has appointed Dr. David Klingner as chairman. The board has also reappointed Livia Mahler as ...
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China Industrial Output, Inflation Boost Easing Odds: Economy
San Francisco Chronicle
Elsewhere in Asia, India's production at factories, utilities and mines declined 3.5 percent in March from a year earlier, the Central Statistical Office said in New Delhi today, compared with a 4.1 percent increase in February.
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Asia-Pacific O&G companies more likely to divest than their global...
The Borneo Post
Ernst & Young report further revealed that gaining market share continued to be the main driver for M&A in new and existing markets for both global companies and Asia-Pacific O&G companies althought more (56 per cent) Asia-Pacific companies were ...
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The Borneo Post
China's Inflation Moderates, Adding Room for Easing: Economy
San Francisco Chronicle
The People's Bank of China has held off for more than two months in adding to the two reductions in banks' reserve requirement ratio after thelatest cut in February. Elsewhere in Asia, Malaysia's central bank is forecast today to hold its benchmark ...
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Bradley: 'Do Better' To Reverse Country's Course
NPR
by NPR Staff by Bill Bradley Former New Jersey senator and basketball hall-of-famer Bill Bradley sees an America in the midst of a "slow-motion crisis." The problems, he argues, are driven by the expansive role of money in politics, ...
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Subsidies Aid Rebirth in US Manufacturing
CNBC.com
He wonders sometimes about the less patriotic alternative of relocating production to Asia or closing the factory entirely on the ground that Revere's profit margin here is too thin — less than $1 million on $450 million in annual revenue.
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CNBC.com
Dismal China, India data signal slowing growth
Palm Beach Post
The last thing we need is for the emerging world to downshift. Unfortunately the data today points in that direction," said Frederic Neumann, co-head of Asianeconomics research at HSBC in Hong Kong. "We fear that without further stimulus India and ...
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Palm Beach Post
India promises support for manufacturers
Financial Times
The output contraction is the latest sign that the sovereign debt crisis in Europe and slowing consumer demand at home are choking Asia'sthird-largest economy. “[The] slow down in exports growth in April in the backdrop of the economic crisis in the ...
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Equity Research on The Blackstone Group L.P. and Kohlberg Kravis Roberts & Co ...
SYS-CON Media (press release)
NEW YORK, NY -- (Marketwire) -- 05/11/12 -- www.shinesrooms.com has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Asset Management industry ...
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China Confidence Unshaken by Bo Crisis in Global Poll
Bloomberg
Leadership Goal The latest survey of 1253 Bloomberg customers was conducted May 8, eight weeks after Bo's removal from his Chongqing post ended his campaign to join the Communist Party Politburo's standing committee. The party is anticipated to pick ...
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Bloomberg
JPMorgan mind-meld - Investors see Obama win - Blunt hits news jobs data ...
Politico
co-author of the Merkley-Levin language establishing the Volcker Rule: “The enormous loss JP Morgan announced today is just the latestevidence that what banks call 'hedges' are often risky bets that so-called 'too big to fail' banks have no business ...
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UPS Express Expands Into Nicaragua And Honduras
Industrial Distribution
Atlanta, GA - UPS (NYSE: UPS) today announced the expansion of its UPS Express SM Freight service into Nicaragua and Honduras, two emerging economies that count the United States as their No. 1 trading partner. The UPS premium air freight service ...
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Asian Defensive & Dynamic Stocks Performed Equally for 2012 Year-to-Date as...
SYS-CON Media (press release)
"The market seems to have shifted towards more of a risk-off mode as reflected by recent Russell Asia-Pacific Index returns," said Sarah Lien,Asia-based senior research analyst for Russell Investments. "Dynamic stocks have pulled back quite a bit ...
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Dell Opens New York City Solution Center
EON: Enhanced Online News (press release)
The New York center, located in Penn Plaza, is the 11th solution center opened worldwide in the last 12 months, marking an important step in Dell's becoming a complete solutions and services provider. An opening reception today will showcase a broad ...
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Country Music Superstar Tim McGraw and HARMAN Launch New Line of JBL® Artist ...
EON: Enhanced Online News (press release)
(EON: Enhanced Online News)--HARMAN International Industries announced today that two styles of JBL ® headphones designed in partnership with country music icon Tim McGraw will be available in May from the nation's leading retailers.
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China Industrial Output Boosts Easing Odds: Economy
San Francisco Chronicle
Consumer prices rose 3.4 percent from a year earlier, the National Bureau of Statistics said today, staying below the annual goal for the third month. The data show China's slowdown is deepening after Wen's campaign to rein in property and consumer ...
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ABI Research: Network Managed Services Will Grow from $14 Billion in 2012 to...
SYS-CON Media (press release)
We call this new paradigm 'Managed Services 2.0 (MS 2.0).'” ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ...
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FDA Advisory Committee Supports Approval of Gilead's Once-Daily Quad Single...
MarketWatch (press release)
FOSTER CITY, Calif., May 11, 2012 (BUSINESS WIRE) -- Gilead Sciences, Inc. (NASDAQ:GILD) today announced that the Antiviral Drugs Advisory Committee of the US Food and Drug Administration (FDA) has voted 13 to 1 in support of approval of the Quad, ...
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Wolters Kluwer Determination of 2011 Stock Dividend Ratio
SYS-CON Media (press release)
Wolters Kluwer, a global leader in professional information services, announced today the determination of the stock ratio of the dividend for 2011 as approved by the Annual General Meeting of Shareholders on April 25, 2012.
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Hong Kong Economy Grows at Slowest Pace Since Crisis
Bloomberg
Gross domestic product rose 0.4 percent from a year earlier, the government said today. That was less than the 1.1 percent median forecast in a Bloomberg News survey of 16 economists and the 3 percent expansion in the three months ended December 2011.
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Bloomberg
The Crisis in the South China Sea
Asia Sentinel
It has now begun to snowball, with hints of economic retaliation from China and rallies in Manila, the latest today in front of the Chinese Embassy, which drew an estimated 1000 people. Beijing is suspending some tourism to the Philippines and ...
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Cues: Sensex to dip at open, all eyes on SKS as Cabinet clears MFI bill
Firstpost
Asian shares retreated on Friday, spooked by JPMorgan's $2 billion huge loss from a failed hedging strategy, with investors warily watching political turmoil in the eurozone as they await new Chinese data for clues on its growth outlook.
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Firstpost
Virtusa to Present at Upcoming Conferences in May
SYS-CON Media (press release)
Founded in 1996 and headquartered in Massachusetts, Virtusa has operations in North America, Europe and Asia. Syndicated stories and blog feeds, all rights reserved by the author. By Pat Romanski Did you read today's front page stories & breaking news?
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Sony moves 1.8 million Vitas
CNET
A total of 1.8 million PlayStation Vitas have shipped to date in the US, Japan, Asia, and Europe since launch, according to Sony. CEO Kaz Hirai revealed that figure during a follow-up to an earnings call today in which the company posted a record loss.
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ProMetic Life Sciences Inc.: P-Capt(R) Filtration Prevents Transmission of ...
MarketWatch (press release)
... Inc. (TOR:CA:PLI) ("ProMetic or the "Corporation ") and Macopharma SA ("Macopharma") announced today the presentation of new and compelling data on P-Capt(R) filter performance at the Prion 2012 Congress being held in Amsterdam, The Netherlands.
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Zacks Industry Outlook Highlights: DuPont, Dow Chemical, Eastman Chemical and ...
Sacramento Bee
These companies remain focused on exploring growth opportunities in the fast-growing emerging markets, particularly the lucrative regions ofAsia-Pacific and Latin America such as China and Brazil. A major deal in this space was last year's acquisition ...
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Affymetrix to Webcast Annual Meeting of Shareholders
SYS-CON Media (press release)
By Business Wire Affymetrix, Inc. (Nasdaq:AFFX) today invited investors and interested parties to hear a live webcast of its Annual Shareholder Meeting at 8:00am PT on Friday, May 11 th , 2012. Following the formal business of the meeting, ...
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The new faces of terror
Casey Weekly Berwick
Patek, one of south-east Asia's most wanted terrorists until his arrest, had been believed to be working with Abu Sayyaf in the Philippines after being a bomb maker for the Indonesian terrorist network Jemaah Islamiah, or JI. Last month a US Federal ...
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Magzter fast-tracks with an investment from IUVP
prMac (press release)
The company has signed up top global publishers including Dennis Publishing (UK), Edipresse (Asia), India Today Group (India), Haymarket, and Black Enterprise (USA). Featured titles include reader favorites like Cosmopolitan, Marie Claire, ...
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UTStarcom Wins IPTV Broadcasting Control Platform Contract in Hainan
Sacramento Bee
("UTStarcom" or the "Company") (Nasdaq: UTSI), a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators, announced today that it has been awarded a contract from Hainan ...
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Myopia, Short-sightedness Rates Very High In East Asia
Around 80% to 90% of school-leavers in major East Asian countries like China, Taiwan, Hong Kong, Japan, Singapore and South Korea suffer from myopia or ...
www.medicalnewstoday.com/articles/245039.php
Asia's architectural treasures 'vanishing' - Latest News Today
Many of Asia's architectural treasures are in danger of vanishing, experts warn Asia's architectural treasures, from a Buddhist monastery in Afghanistan to an ...
www.latest-news-today.com/asias-architectural-treasures-vanis...
Chikungunya disease in NYC due to warming? - TODAY News ...
In a laboratory experiment, she found 80 percent of a strain of Asian tiger mosquitoes in the New York/New Jersey area were able to pick up the virus and ...
today.msnbc.msn.com/id/47358597/ns/us_news-environment/
Pakistan juniors win Asia Cup opener | Pakistan Today | Latest news ...
LAHORE - The Pakistan junior hockey team now participating in the 7th Men's Junior Asia Cup has started its campaign with a win in the opening match.
www.pakistantoday.com.pk/.../pakistan-juniors-win-asia-cup-o...
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