Dotcom in Custody as New Zealand Awaits U.S. Extradition Request

Filed under Asia headlines 3 months ago

Kim Dotcom, the founder of Megaupload.com, has been detained in New Zealand on charges of copyright infringement conspiracy under a U.S. request for provisional arrest ahead of a formal extradition......

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Rupee Climbs to Two-Month High Before Rate Review: Mumbai Mover

Filed under Asia headlines 3 months ago

India’s rupee rose to a two-month high ahead of an interest-rate review today at which economists forecast the central bank will leave borrowing costs unchanged to support economic......

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China Lending $1 Billion to Ecuador as Correa Seeks Bond Sale

Filed under Asia headlines 3 months ago

Ecuador received a loan commitment from China last month for at least $1 billion, helping finance a budget deficit that’s projected to reach $4.23 billion this year, central bank President Pedro Delgado......

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Asian Stocks Maintain Gains Amid Stalemate Over Greek Bonds

Filed under Asia headlines 3 months ago

Asia’s benchmark stock index rose for a sixth day, edging up even after optimism that European policymakers were making progress on the debt crisis was damped by a stalemate with Greek......

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India Unexpectedly Cuts Reserve Ratio as BRICs Act on Growth

Filed under Asia headlines 3 months ago

India’s central bank unexpectedly cut the amount of deposits lenders need to set aside as reserves for the first time since 2009 and signaled future interest-rate cuts, joining BRIC nations in shielding growth. Stocks......

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Green Bond Bankers From Japan to Sweden Beat U.S. to $7 Billion

Filed under Asia headlines 3 months ago

Skandinaviska Enskilda Banken AB and Daiwa Securities Group Inc. have underwritten the most green bonds since the securities were first issued in 2007, indicating the dominance of Swedish and Japanese banks in the......

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Rupee Climbs Past 50 as RBI Holds Interest Rates: Mumbai Mover

Filed under Asia headlines 3 months ago

India’s rupee rose past 50 a dollar for the first time since November as the central bank left borrowing costs unchanged today to support economic......

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Newcrest Gold Production Declines 20% After Mine Disruptions

Filed under Asia headlines 3 months ago

Newcrest Mining Ltd., Australia’s largest gold mining company, said second-quarter production dropped 20 percent after disruptions at its Cadia Valley and Lihir......

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BOJ Cuts Growth Forecasts for FY2012, Keeps Policy Unchanged

Filed under Asia headlines 3 months ago

The Bank of Japan cut its growth outlook for the year starting in April while keeping its zero- interest rate policy as Europe’s debt crisis reduced global demand and keep the yen......

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Japan Says It May Miss Its Debt Goal Even With Tax Increases

Filed under Asia headlines 3 months ago

Japan will probably miss its goal of balancing the budget by fiscal 2020 even if it doubles the nation’s sales tax, government estimates show, underscoring the difficulty of containing the world’s largest public......

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Cabot Production Growth Seen Cut as Gas Hits 10-Year-Low: Energy

Filed under Asia headlines 3 months ago

Cabot Oil & Gas Corp., the best performer in the Standard & Poor’s 500 index last year, may curtail drilling to cope with natural-gas prices that slumped to a 10-year low because of a supply glut it helped......

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Elpida Shares Rise After Report on Merger Talks: Tokyo Mover

Filed under Asia headlines 3 months ago

Elpida Memory Inc., the Japanese chipmaker facing an April deadline to repay debts, rose for a sixth day in Tokyo after the Yomiuri said it’s in merger talks with Micron Technology Inc. and Nanya Technology......

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Google Funds Dissent as Delegates Jostle to Hear Oprah in India

Filed under Asia headlines 3 months ago

Google Inc., which is opposing censorship around the world, is funding discussions about dissent as celebrities including Oprah Winfrey and MTV founder Tom Freston attend Asia’s largest literary......

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Noah Rises as N.Y. Index Heads for 2-Month High: China Overnight

Filed under Asia headlines 3 months ago

Chinese stocks in the U.S. rose, pushing the benchmark toward a two-month high, on speculation the government will roll out more measures to spur......

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S&P 500 Gains for 5th Day as Natural Gas Rebounds, Euro Climbs

Filed under Asia headlines 3 months ago

The Standard & Poor’s 500 Index rose for a fifth day, led by energy shares, as natural gas rebounded from a 10-year low and investors weighed Europe’s efforts to tame its debt crisis The euro approached its strongest level of 2012 and Treasuries......

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Gillard Left With One-Seat Majority as Wilkie Pulls Support

Filed under Asia headlines 3 months ago

Australian Prime Minister Julia Gillard’s parliamentary majority is reduced to one seat after an independent lawmaker withdrew his support, saying she’d broken a promise to tighten gambling......

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