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Asian Currencies Slump on Risk of More China Policy Tightening - Bloomberg.com

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The MSCI Asia-Pacific Index of shares dropped to its lowest level in 2010 after Reuters reported several Chinese banks will face an additional increase in the amount of cash they are required to set aside as reserves , citing sources the news company didn’t identify. The won extend
ed
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Yen, Dollar Rebound Versus Euro on China Tightening Speculation

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Jan. 26 (Bloomberg) -- The yen and dollar rose against the euro, reversing earlier losses, amid speculation China will take further steps to cool its economic growth, curbing demand for higher-yielding assets. Japan’s currency strengthened versus all 16 of its major counterparts aft
er
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Yen, Dollar Rise; China Seen Taking More Steps to Limit Lending - Bloomberg.com

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Japan’s currency strengthened versus all 16 of its major counterparts after Reuters reported that several Chinese banks will face an additional increase in their reserve ratios, citing sources it did not identify. The pound traded near a five-month high against the euro before a U.K. repo
rt
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Toyota to double global hybrid output

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The automaker recently notified parts suppliers that it intends to roll out about 800,000 hybrids domestically this year, with the figure to be raised to around 900,000 in 2011 and 1.1 million in 2012, the Nikkei reported. Last year's output was estimated to be around 500,000, it said
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Cadbury’s Stitzer Says Breakup Would Destroy Value (Update2) - Bloomberg.com

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“A consolidated confectionery business is a far more attractive business than a broken-up confectionery business,” Stitzer said in reference to speculation that Hershey Co. and Ferrero SpA might make a rival bid to the hostile offer from Kraft Foods Inc. “Why would you want
to be
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Atlas Iron trade halted over stake sale report

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Iron ore miner Atlas Iron has requested a halt in the trading of its shares, saying it would make an announcement clarifying a newspaper article. The West Australian newspaper said today, without citing sources, that Atlas Iron was close to finalising the sale of a majority stake in a
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Macquarie in line for energy firm

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December 28, 2009 A purchase would triple the $US900 million ($A1.02 billion) Macquarie Bank has spent on international investments this year in areas such as funds management and investment banking. It would cement its move away from its reliance on listed infrastructure satellites,...
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Macquarie Group bids for Sempra energy trading business

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December 28, 2009 A successful purchase would triple the $US900 million ($1.01 billion) Macquarie Bank has spent on international investments this year in areas that include funds management and investment banking. It would also further cement Macquarie's move away from its reliance on...
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JAL to restructure under new state-backed agency- reports

Ailing Japan Airlines will restructure itself under a state-backed corporate turnaround firm while the government mulls a special law to cut the carrier's high pension payouts, reports said Sunday. The Japanese government, which will announce a turnaround plan for JAL by the end of this

JAL to restructure under new state-backed agency- reports

Ailing Japan Airlines will restructure itself under a state-backed corporate turnaround firm while the government mulls a special law to cut the carrier's high pension payouts, reports said Sunday. The Japanese government, which will announce a turnaround plan for JAL by the end of this

Bank of Japan May Raise Economic View Even After Record Plunge

The Bank of Japan may raise its assessment of the economy for the first time since July 2006, even after a report yesterday showed a record contraction in the first quarter.

ANZ eyeing RBS Asian assets: report

HSBC and Standard Chartered of Britain and ANZ of Australia are in the running to acquire the Asian activities of Royal Bank of Scotland, the Wall Street Journal reported on Wednesday.