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Aug 20, 2011

ASIA News, Aug 20, 2011


Suisse cuts India wealth management staff by 20pct-sources
Reuters
The bank, which also has interests in investment banking, asset management and equity research in India, employs more than 1200 people in Asia's third-largest economy and started the wealth management business in India in May 2008. ...
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KLIA needs to work harder to attract more international passengers
Malaysia Star
By JEEVA ARULAMPALAM CONSUMERS and some airlines may frown upon airport operator Malaysia Airports Holdings Bhd's (MAHB) recent decision to increase aeronautical charges, but analysts say the move is long time coming. ...
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Malaysia Star
Sensex tumbles 14.4% in 18 trading sessions
India Infoline.com
The recent slide in global crude oil prices will help ease concerns of higher oil subsidy burden for the government, provided the fall in oil price sustains. US crude-oil futures continued to slide duringAsian hours on Friday, 19 August 2011, ...
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Violence brings Pakistan's women advocates to aid religious minorities
Women News Network
When Aasia Noreen, also known in the media as Asia Bibi, became embroiled in the center of a heated dispute involving the Blasphemy Law in June 2009 in the village of Ittan Wali, inside Pakistan's most populated Nankana District in Punjab, ...
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Women News Network
NZ shares ride out wave of global fear
New Zealand Herald
Telecom closed up 11.5c at $2.72 last night, and Michael Hill gained 3c to finish at 91c. Markets across Asia also took a hammering yesterday, with Australia's S&P/ASX200 index finishing the day down 149.3 points, or 3.51 per cent, at 4101.9. ...
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Coal ousts Reliance to head up India Inc
Asia Times Online
The company overtook Reliance Industries, led by billionaire Mukesh Ambani, India's second-richest person. dollar scams; or c) the market overestimating the strengths of a government-owned monopoly. As of August 17, CIL's market valuation was US$55.32 ...
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MF Global Daily Energy Commentary – Aug 19, 2011
Wisdom Financial (blog)
As examples, the US session got off to a poor start following good-sized losses in European andAsian stock markets, triggered, in part by a Morgan Stanley forecast downgrading both regional and global growth prospects. The firm cited “recent policy ...
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India Nears Trade Pacts With Canada, EU
Wall Street Journal
India aims to boost bilateral trade with Canada to C$15 billion (US$15.3 billion) a year by 2015 from about C$4.2 billion in 2010. With the 27-member EU, it had initiated discussions on the free-trade pact in 2007. The two sides originally hoped to ...
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APIsCAN Celebrates Community Empowerment
The Rafu Shimpo
Judy Chu; Hussam Ayloush of Council on American Islamic Relations; Mary Anne Foo of Orange County Asian Pacific Islander Community Alliance; Assemblymember Warren Furutani; Rachelle Chong of Comcast; APIsCAN Executive Director Diane Ujiiye. ...
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Treasury Rally Pushes Yields to Record Lows
Bloomberg
Fixed-income securities from the US to Europe and Asia have returned 1.9 percent on average in August, the most since gaining 2.4 percent in December 2008, according to Bank of America Merrill Lynch's Global Broad Market Index. ...
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'Anti-graft movement to create better climate for American investments'
Business Standard
With the US dealing with the recent downgrade of its government's credit rating by Standard & Poor's, steep sell-offs in the stock market and the possibility of double-dip recession (as cautioned by investment bank Morgan Stanley in its latest report), ...
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GM says it will build electric Cadillac
Wheels.ca
Mexico's auto production is on the rise, after years of losing business to Asia and Europe. Just like here in Canada, one of the main reasons Mexico's resurgence is the desire for Japanese automakers to move their production facilities closer to the US ...
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Readers share widespread pessimism on the economy
Rochester Business Journal
Respondents to the latest RBJ Daily Report Snap Poll are even more downbeat. Nearly two-thirds think the US economy is falling back into recession. Most also are concerned about their investments in the stock market. However, nearly half said they were ...
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US, European crisis hurting Indian markets: Pranab
Economic Times
He said the benchmark indices of Indian markets declined Friday by nearly two percent as against 4-6 percent slump in other major Asian markets. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), fell 1.99 percent or 328.12 ...
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What's Your Safe Heaven Currency Choice?
OANDA Forex (blog)
With the historical reserve currencies impeding the markets natural appetite in these times of stress perhaps the market should be looking more at a basket of Asian currencies, despite their own Cbank's intervention or a commodity growth sensitive ...
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Medicinal Genomics Sequences the Genome of Cannabis Sativa and Cannabis Indica
Genetic Engineering News
In April Novartis paid GW Pharm $5 million up front and could make another $28.75 million in milestone payments as part of an exclusive licensing deal for commercialization of Sativex in Australia, New Zealand, Asia (excluding Japan, China,...
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Genetic Engineering News
Fifa Needs to Ensure that Ordinary Brazilians Get to Enjoy the 2014 World Cup
FanHouse UK
The Brazilian people who love football and follow it passionately on a day-to-day basis are mainly from C, D and E social classes." The World Cup is a cash cow for Fifa. They do their accounts in four-year cycles to reflect just how lucrative it is. ...
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ARROYO LAW UPHOLDS CLAIM ON SPRATLYS - SC / P-NOY CHINA VISIT SET, AUG 30
Philippine Headline News
MANILA, AUGUST 19, 2011 (STANDARD) by Rey Requejo - The Supreme Court on Tuesday affirmed the constitutionality of Republic Act 9522 or the Baselines Law signed by then President Gloria Macapagal–Arroyo in 2009, saying that the Philippine archipelago ...
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Philippine Headline News
US Stock Futures Fall On Fears Of Euro Bank System Health, Global Growth Concerns
Wall Street Journal
In Asia, a 6.2% drop for South Korea's Kospi index led markets lower, with shipbuilders, exporters and financial firms bearing the brunt of the selling pressure. Against a backdrop of lackluster economic data, a sharp plunge in the Philadelphia Fed's ...
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Virender's Surrender: The Fall of Sehwag
Keeda of Sports (blog)
First up, there's the Asia-to-Blighty Respect-for-Conditions quotient – a drum banged so long and hard by Geoffrey Boycott on TMS during the Edgbaston Test, you'd have thought he'd marched straight in from the Shankill Road. The line of thinking, ...
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Defense, commercial work drive Qioptiq growth
Rochester Business Journal
... Asia and the United States. The group employs more than 2100 people and generated revenues of some $380 million in 2010. To read the full article, see the Aug. 19 print edition of the Rochester Business Journal. (c) 2011 Rochester Business Journal. ...
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Local stocks slide on renewed global recession fears
Inquirer.net
It was nonetheless a negative breadth session with the PSE index drawing a similar story read across the Asia-Pacific region,” said Justino Calaycay Jr., a dealer at Accord Capital Equities Corp. “Obviously, recession fears will not go away easily ...
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Hot pots
China Daily
"The production capacity of these handmade teapots can only meet the need of Asiancountries," he says. "And our country did not organize big exhibitions overseas to promote zisha teapots although some zisha artists have demonstrated their production...
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China Daily
Argentina to protest Falklands' oil activities and invites UN C24 president to ...
MercoPress
According to Argentine official media the recent announcements of oil discovery in the Falklands/Malvinas waters and further confirmation of potentially vast reserves violate the UN Decolonization resolutions, reignite the conflict, although Argentine ...
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MercoPress

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