Asia News

TIMELINE:Who's the boss? Tension between Japan govt and BOJ

Reuters - Tuesday, November 24

Nov 24 - Japanese cabinet ministers increased pressure on the Bank of Japan on Tuesday to respond to deflation, with one saying that the central bank was "asleep at the wheel". [ID:nT322574] More »

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Japan's Kansai to restart reactor after inspection
Reuters - Tuesday, November 24
TOKYO, Nov 24 (Reuters) - Japan's Kansai Electric Power Co <9503.T> said on Tuesday it would restart the 340-megawatt No.1 reactor at its Mihama plant later in the day after an unplanned shutdown on Nov. 13.
FACTBOX-Indian PM's visit to US comes with rapid trade growth
Reuters - Tuesday, November 24
Nov 24 (Reuters) - Indian Prime Minister Manmohan Singh is in Washington for a state visit set to boost the burgeoning economic relationship between two countries, which had relatively marginal commercial dealings a decade ago.
China planning agency OKs Shanghai Disney project
AP - Tuesday, November 24
SHANGHAI - China's economic planning agency has formally approved a plan to build a Disney theme park in Shanghai, ensuring the city will have a new showcase attraction after next year's World Expo has wound down.
Temasek announces major bond offer plan
AFP - Tuesday, November 24
SINGAPORE (AFP) - - State-linked Singapore investment firm Temasek Holdings on Tuesday said it plans to raise 600 million Singapore dollars (433 million US) from new bond offerings.
China Eastern to complete Shanghai Air buy by end '09
Reuters - Tuesday, November 24
* China Eastern says to complete Shanghai Air buy by yr-end
Nikkei slips 0.8 pct as banks, exporters drag
Reuters - Tuesday, November 24
* JAL touches record low, Mitsui sold entire stake
Suzuki to build Thai small-car plant for 2012 start
Reuters - Tuesday, November 24
TOKYO, Nov 24 (Reuters) - Japan's Suzuki Motor Corp <7269.T> said on Tuesday it would build a factory in Thailand with the capacity to manufacture 100,000 small cars a year after receiving government approval for the project.
SKorea pledges to double aid to Africa
AP - Tuesday, November 24
SEOUL, South Korea - South Korea pledged Tuesday to double aid to African nations over the next three years in an effort to better reach out to the continent rich in energy resources, growth potential and business opportunities.
Indian shares drop 0.3 pct early
Reuters - Tuesday, November 24
MUMBAI, Nov 24 (Reuters) - Indian shares quickly fell after opening slightly higher on Tuesday, tracking weak Asian markets.
Yuan trades lower than c.bank rate on dlr shortage
Reuters - Tuesday, November 24
* Capital controls cause dollar shortfall despite FX reserves
Japan Hot Stocks-Banks, Takefuji, JAL, Mori Seiki, shipping
Reuters - Tuesday, November 24
TOKYO, Nov 24 (Reuters) - The benchmark Nikkei average <.N225> lost 0.8 percent and the broader TOPIX <.TOPX> dipped 0.9 percent on Tuesday.
Newmont to sell Indonesia venture stake for $494M
AP - Tuesday, November 24
DENVER - Newmont Mining has agreed to sell a 14 percent stake in an Indonesian gold mine for $494 million, ending a years-long dispute with the Indonesian government over how the mining company should sell shares as required under its contract to operate in the country.
Indian rupee drops on weak Asian cues; shares eyed
Reuters - Tuesday, November 24
* Most Asian currencies drop against the U.S. dollar
China state researcher sees stimulus exit in 2nd quarter 2010
Reuters - Tuesday, November 24
BEIJING, Nov 24 (Reuters) - China should consider winding down stimulus spending late in the second quarter of 2010, a researcher with a state planning agency has said, warning the timing of an exit will be tricky and will depend on inflation trends.
China must tighten capital controls -researcher
Reuters - Tuesday, November 24
BEIJING, Nov 24 (Reuters) - China should strengthen its capital controls to ward off speculative inflows stemming from ultra-low U.S. interest rates, a government economist said in remarks published on Tuesday.
Bank of China studies capital-raising, but not now
Reuters - Tuesday, November 24
(Adds details from statement)
BUY OR SELL-China infrastructure builders: on track for rally?
Reuters - Tuesday, November 24
* Bulls sees improving margins, buying opportunity
China Eastern Airlines teams up with Alibaba
AP - Tuesday, November 24
SHANGHAI - China Eastern Airlines is teaming up with Chinese e-commerce giant Alibaba, hoping to cash in on an online shopping frenzy to boost ticket sales.
NZ inflation expectations jump sharply-RBNZ survey
Reuters - Tuesday, November 24
WELLINGTON, Nov 24 (Reuters) - Inflation expectations in New Zealand for the next two years have jumped sharply, but the economy will post improved growth next year, a survey showed on Tuesday.