February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BEIJING: The EU ambassador to China said Monday the Asian powerhouse could become Europe's biggest export market this year, overtaking the United States, as Beijing boosts domestic demand.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
NEW YORK, Feb. 6, 2012 (Reuters) -- The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business. ... > read full story
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
, Feb. 6, 2012 (Reuters) -- General Motors <GM.N> aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview. ... > read full story
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
LOS ANGELES, Feb. 6, 2012 (Reuters) -- General Motors scored with an Armageddon-proof Chevy truck while a Clint Eastwood pep talk for America won notice for rival Chrysler during the high-stakes brand battle at Sunday's Super Bowl. ...
> read full story
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
China announced Monday it will prohibit its airlines from paying European Union charges on carbon emissions, ratcheting up a global dispute over the cost of combatting climate change.

February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
JAKARTA: Indonesia's gross domestic product grew by 6.5 percent in 2011 on the back of strong household consumption and private investment, a government official said Monday.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
WASHINGTON: US aircraft manufacturer Boeing has discovered a manufacturing error causing delamination in a fuselage section of some 787 Dreamliners, The Seattle Times reported.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
HONG KONG: Asian shares rose Monday, tracking gains on Wall Street after strong US jobs data but worries about Greece's unresolved debt crisis -- and default fears -- weighed on markets and the euro.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
SINGAPORE: Crude prices were mixed in Asian trade Monday as traders weighed possible supply disruptions in the Middle East and Africa, and the unresolved debt crisis in Greece, analysts said.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
SYDNEY: Qantas chief Alan Joyce on Monday warned the airline would be forced to slash services and expressed "grave fears" for its future if proposed laws strengthening its ties to Australia went ahead.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
An overhaul for Spin.com includes plans for a streaming music player, nine new blogs and Web-only content like news and album reviews.

February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The videos were conceived by Esquire magazine to promote an article in the March issue about the mass killing of exotic animals last fall in Zanesville, Ohio.

February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
TOKYO: Japan's Mitsubishi Motors is to stop manufacturing automobiles in Europe by around 2013 as it shifts its focus to emerging markets, reports said Monday.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
TOKYO: Japan's Mitsubishi Motors said Monday it would stop manufacturing automobiles in Europe by the end of 2012, blaming a difficult operating environment in the debt-hit continent.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
, Feb. 5, 2012 (Reuters) -- About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if, Chief Operating Officer Sheryl Sandberg went out and poached Caroline Everson, then global advertising head at Microsoft Corp. ... > read full story
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BEIJING: China said Monday it has banned its airlines from complying with an EU scheme to impose charges on carbon emissions opposed by more than two dozen countries including India, Russia and the United States.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BEIJING: China said Monday it has banned its airlines from complying with an EU scheme to impose charges on carbon emissions opposed by more than two dozen countries including India, Russia and the United States.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The Supreme Court’s decision to revoke 122 mobile licenses is a bold move but not the right one. It will further erode confidence in India’s ability to manage corruption.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Japan’s Samurai bond market has seen a revival in issuance in the early weeks of 2012, but while many borrowers take advantage of a market with strong investor demand, it remains closed to eurozone players.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The Reserve Bank of Australia is forecast to cut its policy rate for a third consecutive meeting held on February 7 as inflation eases, employment growth slows and fears over a European recession grows, say analysts.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Asian corporates will increasingly turn to domestic bond markets and dim sum offerings to meet their funding needs this year due to the tighter liquidity offshore, though US dollar funding will remain a key tool for larger borrowers, say analysts.
February 6, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Most corporates in South Asia will be able to withstand current economic pressures without any rating downgrades despite slowing demand and heightened country risk, believes the ratings agency.
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
NEW YORK, Feb. 5, 2012 (Reuters) -- CommVault Systems Inc has managed to skirt rampant consolidation in the fast-growing storage software market, and CEO Bob Hammer is planning to keep it that way. ...
> read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
LAS VEGAS, Feb. 5, 2012 (Reuters) -- A simmering feud between General Motors Co and Ford Motor Co heated up on Sunday as Ford objected to GM's Super Bowl advertisement for its Chevy Silverado pickup truck. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BEIJING, Feb. 5, 2012 (Reuters) -- Four floors up overlooking the bustle of the cavernous Joy City Mall in Beijing, diners take a break from shopping to slurp noodles and nibble on dumplings at an Ajisen restaurant. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
ATHENS: Greece on Sunday insisted on extending critical talks on a debt rescue into Monday, as the government's coalition backers denounced pressure from public creditors to pass harsher austerity measures.
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
FRANKFURT, Feb. 5, 2012 (Reuters) -- D.Boerse CEO eyes new allies as NYSE deal crumbles Deutsche Boerse <DB1Gn.DE> does not believe it can survive in the long term without a new partner despite the collapse of its proposed $7.4 billion merger with NYSE Euronext <NYX.N>, its chief executive told a German newspaper. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
, Feb. 5, 2012 (Reuters) -- Boeing <BA.N> has discovered a problem related to the aft fuselage of its 787 Dreamliner planes and is making repairs that will not affect production of the aircraft, the company said in an emailed statement on Sunday. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Greece’s efforts to secure a second, €130 billion international bailout and avoid a default next month stalled on Sunday.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
WASHINGTON, Feb. 5, 2012 (Reuters) -- A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BEIJING: China's Premier Wen Jiabao said a stable Europe was key to stability at home, in comments published on Sunday, at the end of a week that saw Germany's chancellor visit Beijing.
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
NEW YORK, Feb. 5, 2012 (Reuters) -- Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
, Feb. 5, 2012 (Reuters) -- The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international markets in one swoop. ...
> read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
CAPE TOWN/LONDON, Feb. 5, 2012 (Reuters) -- Top executives at trader Glencore <GLEN.L> and miner Xstrata <XTA.L> are hammering out the final details of an $80 billion tie-up to seal the industry's largest ever takeover, which could be announced as early as Tuesday. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BRUSSELS, Feb. 5, 2012 (Reuters) -- Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the euro zone and the IMF. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Max Schrems's crusade against the information collected by the social network has become a cause célèbre in parts of Europe, looming over the company as it prepares to go public.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
PARIS, Feb. 5, 2012 (Reuters) -- France's finance minister said on Sunday talks were moving "relatively well" on the private sector portion of a Greek bailout, but discussions designed to bring its debt down to 120 pct of GDP level by 2020 were difficult. ...
> read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BEIJING, Feb. 5, 2012 (Reuters) -- China has a stake in helping the euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as an export market and as a source of technology. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The Greek finance minister said that debt talks on a second rescue deal were “on a razor’s edge,” with major issues unresolved ahead of a crucial deadline on Sunday.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
TOKYO, Feb. 5, 2012 (Reuters) -- Japan's troubled Olympus Corp said on Sunday it will hold an extraordinary shareholders meeting on April 20, when it is expected to seek approval of a new management team. ... > read full story
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
FRANKFURT: The European Central Bank, after two rate cuts and a series of unprecedented liquidity measures, will hold its fire this month, as it assesses the impact of those previous measures, analysts say.
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Everywhere we turn, we’re being offered incentives to act a certain way. A new book ponders the ethical issues of the incentive culture.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Sheryl Sandberg, Facebook’s No. 2 executive, considers herself a role model for women. But her call isn’t simply about mentoring and empowering; it’s also a business strategy.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
A reader responds to “Higher Taxes Help the Wealthy, Too” (Economic View, Jan. 29).

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
TEHRAN: Grappling with US and EU sanctions that have become progressively tougher over the past 18 months, Iran is increasingly turning to Asia -- in particular to China, now its top trading partner.
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
WASHINGTON: The latest surge in US job creation suggests the world's biggest economy is gathering momentum -- in contrast with the recession taking hold in parts of Europe.
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BEIJING: Chinese companies and funds have ramped up investment in crisis-hit Europe, buying utilities, energy firms and even luxury yacht makers, but are steering clear of eurozone debt.
February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Stopping digital piracy, which is growing by leaps and bounds, is about protecting creativity — and jobs.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
In the job market, people with disabilities bring vast experience in coping and adapting — qualities that help them become valuable employees.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Government manufacturing policies must go beyond the belief that it’s better to produce “real things” than services. People value health care and haircuts as much as washing machines and hair dryers.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
President Obama’s new mortgage refinancing plan could provide considerable relief for millions of homeowners shackled to high interest rates, if Congress approves it.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
After her first husband died in a plane crash, the writer stepped in to run his company. “Focusing on the job,” she says, “was a lifesaver for me.”

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Readers respond to “The Bookstore’s Last Stand” (Jan. 29).

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Amid the Wall Street excitement over Facebook’s planned initial public offering, it may be a good time to take a look at I.P.O. history.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
On HealthTap, an interactive Web site, users can ask for medical advice, and doctors can gain whimsical “awards” for their answers.

February 5, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
More companies are turning to gamification — offering games that let their customers win points for certain activities — as a way to build both loyalty and a trove of data.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BRUSSELS, Feb. 4, 2012 (Reuters) -- Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF. ... > read full story
February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BERLIN, Feb. 4, 2012 (Reuters) -- The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday. ... > read full story
February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
FRANKFURT, Feb. 4, 2012 (Reuters) -- Deutsche Boerse's <DB1Gn.DE> chief executive Reto Francioni should step down following the collapse of its $7.4 billion plan to merge with NYSE Euronext <NYX.N>, a member of the German exchange operator's supervisory board told a newspaper. ... > read full story
February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
BUDAPEST, Feb. 4, 2012 (Reuters) -- Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying. ... > read full story
February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Two dueling realities — an improving economy that remains very weak — create serious political risks for top advisers to President Obama and Mitt Romney.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
NEW DELHI: Indian cricket was hit by a major crisis on Saturday when the long-time sponsor of the national team pulled out over its differences with the Board of Control for Cricket in India.
February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
LOS ANGELES: Steve Appleton, the chief executive of leading semiconductor maker Micron Technology, died at the age of 51 when a small plane he was piloting crashed at an Idaho airport, his company said.
February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The traditional canoe is at the center of several projects aimed at reducing Fiji’s energy consumption, providing cheaper transport, keeping local traditions alive and giving a boost to tourism.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
ATHENS: Eurozone finance ministers were to confer by telephone on Saturday after 12 hours of talks in Athens failed to produce a breakthrough on a Greek bailout deal, the Greek finance minister said.
February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Tyson Foods said its profit fell to $156 million, or 42 cents a share, in its fiscal first quarter; that was down from $298 million, or 78 cents a share, a year earlier.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Newt Gingrich set up his speaking and consulting business as an S corporation, which exempted this portion of his income from Medicare taxes, an unusual move for a business based on services.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The state attorney general asserted that fraudulent use of the tracking system allowed Bank of America, Wells Fargo and JPMorgan Chase to avoid the need for recording mortgage transfers.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The company planned to move locomotive production to other operations in North and South America after contract talks with unionized workers soured.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The front wheels have lifted off the runway. Now, Americans are waiting to see if the economy can truly get aloft.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The major developed countries are all experiencing slowdowns in growth, a trend the International Monetary Fund’s new projections indicate will continue.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Steve Appleton, whose death was considered a major loss for the struggling company, was piloting the small craft in Boise, Idaho.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
The Securities and Exchange Commission has reached a settlement with the former chief financial officer of Qwest Communications International, Robert Woodruff, regarding a civil fraud suit.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
A tax break added billions to the federal government’s current deficit, but the government says it should recoup 80 percent of the shortfall in the future.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
William J. Baer, a lawyer at Arnold and Porter, was nominated by President Obama to head the Justice Department’s antitrust division.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
A retiree qualified for lower car insurance premiums, but found that out only after a chance piece of mail prodded him to call his insurer.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
In submissions of tax burdens from readers, James Ross, founder and managing member of the investment firm Rossrock, was on a perch all his own.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Mark Zuckerberg plans to exercise stock options with an estimated value of $5 billion ahead of Facebook’s initial public offering, which will translate into a big tax benefit for the company.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
With 243,000 jobs created in January, the economy is starting to look more positive. That might be a plus for the president in the November election.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
With a $2 million base salary, the 2011 pay package for Lloyd Blankfein, the chief executive of Goldman Sachs, so far totals $9 million. Goldman has not yet disclosed the size of his cash bonus.

February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
WASHINGTON: US businesses shifted into hiring gear in January, creating jobs at the fastest clip in nine months, official data showed Friday amid signs the recovery from deep recession is gaining traction.
February 4, 2012 in Asia Pacific Business News, Syndicated Posts by rushabh
Mr. Moretti started his automotive accessories company Momo in 1966, and it expanded to make an array of racing products.
