Asia
China Banks May Require Bailouts After Stimulus-Loan Boom, Citigroup Says China may be forced to bail out
banks that made loans for local-government projects under the
unprecedented stimulus program unleashed in 2008, according to
Citigroup Inc. and Northwestern University’s Victor Shih.
Swan Says Results of Australia's Tax Review to Be Released by Budget Time Australia will release the results
of the Henry tax review by the time the federal budget is
released in mid-2010, Treasurer Wayne Swan said today.
Toyota Says It's Upgrading Software That Records Data Following Accidents Toyota Motor Corp. said it is
upgrading software that helps read information from devices used
to record vehicle crash data, according to a statement on the
automaker’s Web site.
China's Price Inflation Is Mild and Controllable, Commerce Official Says Chinese inflation is “mild and
controllable,” Assistant Commerce Minister Fang Aiqing said
today after a report this week showed consumer-price growth
reached a 16-month high in February.
Google `99.9 Percent' Certain to Shut Its Operations in China, FT Reports Google Inc. has drawn up
detailed plans to shut its search engine in China and is
“99.9 percent” certain of going ahead with the closure, the
Financial Times reported today, citing a person it didn’t
name.
Koito Executives Leave, President Takes Pay Cut After Fake Plane-Seat Data Koito Industries Ltd., the Japanese
plane-seat maker that falsified test results, said three
executives will leave and its president will take a pay cut as
work begins on checking seats in about 1,000 commercial aircraft.
Dell Sues Sharp and Other Flat Panel Makers Over Price-Fixing Allegations Dell Inc., the third-biggest
personal-computer maker, sued Sharp Corp., Hitachi Ltd. and
three other liquid-crystal display panel makers over allegations
they conspired to fix prices and overcharged for their products.
Asia Stocks Rise for Third Week on U.S. Jobs, Recovery Hopes; Nissan Gains Asian stocks rose, driving the MSCI
Asia Pacific Index higher for a third week, as better-than-
estimated U.S. jobs data and easing concern over Greece’s debt
spurred confidence in a global economic recovery.
Japan's Bonds Decline as Economic Recovery Optimism Sparks Rally in Stocks Japan’s 10-year bonds fell,
completing a second weekly decline, as Asian stocks joined a
rally in global equities, damping demand for the safety of
debt.
Asian Currencies Advance for Fifth Week as Economic Recovery Spurs Inflows Asian currencies rallied this week,
led by the Malaysian ringgit and South Korea’s won, as improving
economic data and reduced concern about Greece’s debt crisis
spurred demand for regional assets.
Thai Protesters Converge on Bangkok in Attempt to Oust Abhisit Government Thai anti-government protesters aim
to gather a million people in Bangkok today to pressure Prime
Minister Abhisit Vejjajiva to call an election, and may march
throughout the capital if he rejects their demands.
Henry Kissinger Is Recovering From Stomach Ailment at Hospital in Seoul Henry Kissinger, former U.S.
secretary of state, is in stable condition in a South Korean
hospital after being admitted with abdominal pains this morning.
North Korea Will Return to Six-Party Nuclear Talks in April, JoongAng Says North Korea plans to rejoin the
six-party nuclear-disarmament talks early next month, the
JoongAng Ilbo newspaper reported today, citing a person in
Beijing familiar with the communist state’s intentions.
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