Stocks Climb as New Year Boosts Melco Premium: China Overnight

Filed under Asia headlines 3 months ago

Melco Crown Entertainment Ltd. climbed in New York, pushing the premium over its Hong Kong shares to the widest in two weeks, on speculation New Year holiday gambling will drive Macau casino revenue to a record. Most Chinese stocks in the U.S.......

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Jetstar Japan May Expand Fleet to 100 Planes by End of Decade

Filed under Asia headlines 3 months ago

Jetstar Japan Co., the budget carrier set to begin flights this year, said it may grow to 100 planes by the end of the decade helped by fares about 50 percent cheaper than full-service......

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PLDT Drops Most in Five Months Before Share Issue: Manila Mover

Filed under Asia headlines 3 months ago

Philippine Long Distance Telephone Co., the biggest company by weighting in the benchmark stock index, sank the most in five months before issuing new shares to fund a stake in Digital Telecommunications Philippines......

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Treasuries Gain With Commodities on QE Bets as U.S. Stocks Drop

Filed under Asia headlines 3 months ago

Treasuries and commodities rose for a second day after the Federal Reserve yesterday pledged to keep interest rates low and said it is considering more bond purchases. U.S. stocks retreated from a six-month high, while Europe’s benchmark equity index entered a bull......

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Australia Urges Order in Papua New Guinea on Mutiny Report

Filed under Asia headlines 3 months ago

Australia called for Papua New Guinea’s military chain of command to be restored amid reports soldiers staged a mutiny in the country’s capital, Port......

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Treasuries Advance With Commodities on QE Bets as Dollar Weakens

Filed under Asia headlines 3 months ago

Treasuries and commodities rose for a second day after the Federal Reserve yesterday pledged to keep interest rates low and said it is considering more bond purchases. U.S. stocks reversed early gains, while Europe’s benchmark equity index entered a bull......

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Japan Builders Draw Sales With Quake-Resistant Features

Filed under Asia headlines 3 months ago

Ken Saishoji, a 46-year-old Tokyo real-estate agent, used to answer questions from potential apartment buyers about the proximity to train stations and prices. After the March 11 earthquake, that......

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Foxconn Rises After Apple’s Record Results: Hong Kong Mover

Filed under Asia headlines 3 months ago

Foxconn International Holdings Ltd. rose to the highest in more than two months in Hong Kong trading, leading gains in electronics manufacturers after Apple Inc. posted record earnings this......

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Obama Vow to Get Tough on Unfair Trade Called ‘Long Overdue’

Filed under Asia headlines 3 months ago

President Barack Obama’s vow to get tough on unfair trade practices was welcomed by manufacturers frustrated with losing market to countries such as......

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Kim Dotcom’s Megaupload Co-Accused Granted Bail in N.Z. Court

Filed under Asia headlines 3 months ago

Two men accused alongside Megaupload.com founder Kim Dotcom of the biggest copyright infringement in U.S. history were granted bail in a New Zealand court because they were unlikely to flee the......

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Stocks, Copper Rise as Fed Signals Low Rates; Treasuries Gain

Filed under Asia headlines 3 months ago

Stocks rose to a three-month high and commodities and Treasuries advanced after the Federal Reserve signaled plans to maintain near-zero interest rates through 2014. U.S. index futures extended gains after a report showed durable goods orders increased more than......

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Walter Energy Buyer Seen as BHP-ArcelorMittal Converge: Real M&A

Filed under Asia headlines 3 months ago

Walter Energy Inc. may finally lure buyers willing to bet on a recovery in coal prices with the industry’s cheapest......

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NEC to Cut 10,000 Jobs After Forecasting Third Loss in 4 Years

Filed under Asia headlines 3 months ago

NEC Corp., forecasting its third annual loss in four years, will cut 10,000 jobs, about 8.6 percent of its workforce, as slower global growth damped demand for its mobile phones, computers and wireless......

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Tepco Rises on Report Government to Take Stake: Tokyo Mover

Filed under Asia headlines 3 months ago

Tokyo Electric Power Co. surged in Tokyo after the Yomiuri reported the utility will accept 1 trillion yen ($13 billion) as part of an effective government takeover to save it from collapse after the Fukushima......

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Chinese Police Fire on Tibetans as Violent Protests Spread

Filed under Asia headlines 3 months ago

Police in southwestern China opened fire on protesters in a Tibetan enclave during a clash Jan. 24, the second straight day of deadly protests in the area, the official Xinhua News Agency......

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Hyundai Motor Profit Rises 38%, Led by Elantra Sales in U.S.

Filed under Asia headlines 3 months ago

Hyundai Motor Co., South Korea’s largest automaker, reported a 38 percent increase in fourth- quarter profit, fueled by surging sales of its Elantra compact sedan in the......

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