Concordia Is at ‘High Risk’ of Sinking, Italian Minister Says

Filed under Asia headlines 4 months ago

The Costa Concordia cruise ship that ran aground on Italy’s Giglio island is at “high risk” of sinking, threatening Europe’s biggest marine park as a storm heads toward the......

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Singapore Airlines Checks A380s After Cracks Found in Wing Parts

Filed under Asia headlines 4 months ago

Singapore Airlines Ltd., the second- largest operator of Airbus SAS A380s, will start inspecting superjumbos today because of concerns about cracks in wing......

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China’s Manufacturing Contraction Boosts Case for Easing

Filed under Asia headlines 4 months ago

A Chinese purchasing managers’ index signaled manufacturing may contract for a third month as a slowing economy boosts the case for the government to further loosen credit......

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Asia Stocks, Korean Won Gain on Stronger Economy; Rubber Climbs

Filed under Asia headlines 4 months ago

Asian stocks rose, heading for a fifth weekly advance, and South Korea’s won strengthened after U.S. jobless claims fell to the lowest level in almost four years and Spanish and French borrowing costs......

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Wipro Net Rises, Beats Estimates as Orders, Rupee Lift Sales

Filed under Asia headlines 4 months ago

Wipro Ltd., India’s third-largest software exporter, reported profit that beat analyst estimates as businesses sought savings through outsourcing and the rupee’s decline boosted overseas......

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Asian Stocks Advance on U.S. Jobless Claims, Europe Debt Sales

Filed under Asia headlines 4 months ago

Asian stocks rose, with a regional benchmark index heading for its fifth straight weekly advance, as fewer Americans than forecast filed claims for jobless benefits and after Spain and France sold bonds at lower......

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Asia Stocks, Korean Won Gain on Stronger Economy; Gold Retreats

Filed under Asia headlines 4 months ago

Asian stocks rose, heading for a fifth weekly advance, and South Korea’s won strengthened after U.S. jobless claims fell to the lowest level in almost four years and Spanish and French borrowing costs......

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Axa, Ace Said in Advanced Talks to Buy HSBC Insurance Business

Filed under Asia headlines 4 months ago

Axa SA, Europe’s second-biggest insurer, and Zurich-based Ace Ltd. are among final bidders for HSBC Holdings Plc’s non-life insurance operations, three people with knowledge of the matter......

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Sugar Traders bet Against Glut

Filed under Asia headlines 4 months ago

Traders are betting that the biggest sugar glut since 2007 will shrink in the next harvest, reversing expectations from six months ago and ending the largest decline in prices in a......

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Bearish Bets on Suzuki India Unit Near 8-Month High on Sales

Filed under Asia headlines 4 months ago

Futures traders are the most bearish on Suzuki Motor Corp.’s Indian unit in eight months on concerns higher borrowing costs and increased competition from rivals will damp......

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Record Philippine Stock Inflows Show Confidence in Aquino Growth

Filed under Asia headlines 4 months ago

Investors are pouring record amounts of money into Philippine stocks, a sign of growing confidence in President Benigno Aquino’s plan to boost economic growth to a level that may exceed China’s......

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Samsonite Says Tumi Makes Sense as Target in $1 Billion M&A Hunt

Filed under Asia headlines 4 months ago

Samsonite International SA, the world’s largest branded-luggage maker, said an acquisition of bagmaker Tumi Holdings Inc. is a “natural fit” as it readies to spend at least $1 billion on buying......

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China Said to Consider Relaxing Capital Rules for Banks

Filed under Asia headlines 4 months ago

China’s banking regulator is weighing a plan to relax capital requirements for lenders after the world’s second-largest economy expanded at the slowest pace in 10 quarters, four people with knowledge of the matter......

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Obama’s Keystone Denial Prompts Canada to Focus on China

Filed under Asia headlines 4 months ago

President Barack Obama’s decision yesterday to reject a permit for TransCanada Corp.’s Keystone XL oil pipeline may prompt Canada to turn to China for oil......

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Kingfisher Talks to Lowy on Funds After Plane Order Scrapped

Filed under Asia headlines 4 months ago

Kingfisher Airlines Ltd., the Indian carrier facing cash shortages, said it’s in talks with potential investors including SC Lowy Financial Services after having a plane order canceled because of a lack of......

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Stocks Gain on Earnings, Economy as Euro Rises After Auctions

Filed under Asia headlines 4 months ago

U.S. stocks rose for a third day as Bank of America Corp. posted a profit and jobless claims slid, while European equities and the euro climbed as French and Spanish borrowing costs decreased at......

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