Asia Business News Asia Business News Rss feed

  • Nippon Airways reports minor incident on modified Dreamliner Nippon Airways reports minor incident on modified Dreamliner

    TOKYO - Japan's All Nippon Airways said Friday a modified Dreamliner had suffered a "minor" setback while conducting a test flight of an aircraft this month, but assured it was not due to overheating of lithium batteries. All Nippon Airways, the Japanese airline that is the largest operator of Boeing's beleaguered Dreamliner, said an electric distribution panel overheated and blackened during ...

  • Bangladesh garment factories reopen within days of shutdown Bangladesh garment factories reopen within days of shutdown

    DHAKA - Bangladesh has re-opened hundreds of garment factories after just three days of closure following protests over pay and poor work conditions. The Bangladesh Garment Manufacturers and Exporters Association had called for the re-opening on Friday. The shutdown of factories this week was prompted by worker protests over low pay and poor working conditions sparked by the country's ...

  • Share of developing nations in investments set to triple by 2030 Share of developing nations in investments set to triple by 2030

    WASHINGTON - The share of developing countries led by China and India in global investment is expected to triple by 2030 to three-fifths, from one-fifth in 2000, says the latest edition of the World Bank's Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades. Seventeen years from now, ...

  • Canada committed to FTA with India

    Betting is illegal in India, but Indians are compulsive gamblers, willing to wager thousands of crores on anything from the outcome of cricket ...

  • Speeding Up Again China House Prices

    China's housing inflation quickened in April, marking the fourth consecutive year-on-year rise and challenging policymakers who are trying to cool record home prices while supporting economic expansion. Average new home prices rose 4.9 percent last month from a year ago, after a year-on-year increase of 3.6 percent in March, according to Reuters calculations from data released by the ...

Movie Review

Trekkies

Did Gene Roddenberry know? Did he have any idea what he was unleashing when he created "Star Trek," a sci-fi TV series that started in 1966 and was canceled after three years of dismal ratings? Did he understand the implications of his actions, that hordes of die-hard fans would devote their lives to his personal vision of a better future? Did he know it would create an entire subculture that is ... ...

On Facebook

  • Dirty Dozen The 12 Worst Mutual Funds

    High fees plus poor performance: The formula is pretty easy to determine what makes a bad mutual fund. Some, though, are worse than others--and some are so bad that they've made it into one publication's unofficial hall of shame for charging big fees but delivering small results. Funds that depend on bad market performance--"bear funds"--for their growth have done ...

  • India close to Scotland in whisky brand race

    With LCD & LED TVs in Thailand, Dubai & Singapore being 30-50% cheaper than in India, most people returning from such destinations carry flat ...

  • China Gives Economic Lifeline to Spain

    With an unemployment rate of 22.8percent, the euro zone's highest, Spain appears to be spiraling back into recession. Yet the Cobo Calleja industrial park 15 miles south of central Madrid shows few signs of economic distress. A manager's Mercedes must be moved to make way for an incoming truck. Forklifts and workers pushing metal carts swerve to avoid each other as they rush to deliver ...

  • 70 companies delisted in 2012

    KARACHI: The number of delisted companies increased to an all time high of approximately 70 companies in 2012. However, not a single major company was listed during this period, a top broker told The News on Friday. No new major company has entered the stock exchange in a year and a half, confirmed Zafar Moti, a senior member of the Karachi Stock Exchange (KSE). "At the very least, 15 ...

  • Current account posts $1.418bn deficit in 10 months

    KARACHI: Pakistan's current account stayed in red in the first ten months of the current fiscal year due to hefty foreign exchange outflows for debt repayments to the International Monetary Fund (IMF), says data released by the State Bank of Pakistan (SBP) on Friday. The country's current account deficit stood at $1.418 billion during July-April 2012-13 against $3.354 billion in the ...

More Asia Business News