Asia
China's Bigger-Than-Forecast Export Rebound Adds Pressure to Pare Stimulus China’s exports rose more than
forecast in February and posted a third straight gain, a rebound
that adds to pressure on policy makers to pare back stimulus
measures adopted during the global recession.
Yen Falls Against Taiwan, New Zealand Dollar on China Exports; Oil Climbs Higher-yielding currencies
strengthened against the yen and oil erased losses after China
said exports soared the most in three years.
Japan's Machinery Orders Fall 3.7%; Business Spending Revival May Be Slow Japan’s machinery orders slipped
in January after the biggest jump since 2000, indicating a
subdued appetite among the nation’s companies to ramp up
capital spending even as manufacturing passed its worst.
New Zealand Has Little Scope for Rate Increase as Consumer Spending Slows New Zealand’s central bank has
little scope to raise borrowing costs before June as rising
unemployment curbs consumer spending and housing demand,
according to economists.
Citic Pacific Posts $770 Million Full-Year Net Income, Beating Estimates Citic Pacific Ltd., an investment
company backed by China’s cabinet, rebounded to an annual profit
after it sold assets and was bailed out for losses incurred on
currency bets.
Australian Economy Will Grow Faster Than Average, Reserve Bank's Lowe Says Australia’s economy is likely to
expand at or above its average pace over the next few years,
stoking inflation pressures and house prices, central bank
official Philip Lowe said.
Singapore's Economy May Expand Faster Than Expected in 2010, Survey Shows Singapore’s economy may grow faster
this year than economists initially predicted, boosted by
manufacturing, construction and private consumption, a central
bank survey showed.
Shell's Pickard Set to Begin as Top Executive in Australia Amid Arrow Bid Royal Dutch Shell Plc, bidding with
PetroChina Co. to acquire Arrow Energy Ltd., said Ann Pickard is
expected to start this month as the executive vice president
leading oil and gas exploration and production in Australia.
Fujitsu Investors Renew Calls for More Information Over Nozoe Controversy Fujitsu Ltd. drew renewed calls
from investors to shed more light on the departure of former
President Kuniaki Nozoe after the Tokyo Stock Exchange ended a
probe into the conflicting reasons given by the company.
Buy Ringgit Versus Won, Yen on Malaysia's Interest-Rate Outlook, RBS Says Investors should buy the ringgit
against South Korea’s won and Japan’s yen as Malaysia’s central
bank may increase its policy rate as many as two more times in
2010, the Royal Bank of Scotland Group Plc said.
Bali Bomber Dulmatin Killed in Jakarta Raid, Indonesia's Yudhoyono Says Indonesian President Susilo Bambang
Yudhoyono said wanted terrorist leader and suspected Bali bomber
Dulmatin was among three people killed in a police raid
yesterday near the capital, Jakarta.
Australia, Indonesia Reach Agreement to Fight People Smuggling, Rudd Says Australia and Indonesia agreed to
work more closely on combating human smuggling and terrorism and
will upgrade annual talks between leaders and officials to a
level enjoyed by Australia’s closest ally, the U.S.
Biden Calls Israel Housing Plan Threat to Peace Talks Amid Visit to Region Vice President Joe Biden condemned
an Israeli plan to build new houses in East Jerusalem, saying it
threatened to undermine a U.S. effort to restart the Israeli-
Palestinian peace process that had brought him to the region.
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