Asia
India to eclipse the US as China's biggest trading partner
OK it may take 30 years, but it's interesting that during Premier Wen’s December 2010 Indian visit, USD16bn of trade deals were signed, outstripping the USD10bn signed by President Obama during his November visit, reports HSBC.
India to eclipse the US as China's biggest trading partner
OK it may take 30 years, but it's interesting that during Premier Wen’s December 2010 Indian visit, USD16bn of trade deals were signed, outstripping the USD10bn signed by President Obama during his November visit, reports HSBC.
Maybank market share to double if RHB merger goes ahead
With the Malaysian government being the biggest shareholder in both banks, this one should be a no brainer.
Asian carriers to make majority of worldwide airline profits this year
IATA expects asian carriers will earn US$2.1 bn this year, while the rest of the worlds airlines will only make $1.9 bn.
Maybank appoints Nomura as RHB bid adviser
Nomura advised on Maybank's $1.4 billion bid for Singapore's stock broker Kim Eng earlier this year, according to Reuters.
China's services PMI reach 7-month high
The country’s services PMI rose by 2.7 points in May due to profits from new business inflows.
UOB’s Indonesia business growing strongly
UOBI aims to achieve a pre-tax profit of 30% by 2015.
Asian currencies move towards CNY
And this has kept Asian currencies resilient in the face of recent EUR weakness, according to HSBC.
Japanese air travel slumps 31% in April
Blame it on the earthquake, blame it on the tsunami, but it’s a terrible result for Japan.
@Customerservice#productfail: 30% of Chinese turn to social media for customer service
And 60 % use web chat to talk with companies as they hang up the phone on customer service.
Massive $173 billion will be invested in new aussie mines
And new projects are threatened by cost overruns and delays as economy struggles to cope with size of new projects.
Indonesia imposes moratorium on new land permits
Palm-oil producers and mining companies rejoice at the two-year moratorium on new concession permits for forests and peat lands.
China faces worst-ever power shortage
Shuai Jungin, State Grid Corporation of China executive vice president, warns that China will face its worst-ever power shortage this summer.
Mega banned: Indonesia’s Mega Bank banned from opening new branches
Mega has weak internal control, and Bank Indonesia isn’t happy about it.
Asia tops North America in private equity investments
A quarter of all private equity deals were done in Asia, says Preqin.
Delinquent Aussies reach all-time high
Looks like the Aussies are on a very tight budget.
GDP in China and Korea may turn negative in mid 2011
It's bad news for North Asia with industrial production slowing massively, notes DBS.
Third recession in a decade for Tsunami stricken Japan
The economy fell 3.7 % on reduced output and power, said Moody’s.
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