Archive for ' Business & Finance'
Panasonic under US bribery probe
Panasonic Corp. has come under US scrutiny over allegations that a unit of the Japanese electronics giant paid bribes to ease business deals. US regulators are probing Panasonic Avionics Corporation (PAC), a subsidiary based in Lake Forest, California, which manufactures [...]
April 02, 2013
Japanese automakers shift to Mexico to export vehicles
More Japanese automakers have shifted their manufacturing to Mexico, driving the Central American country towards becoming one of the largest vehicle export bases in the world. Mexico’s vehicle production in 2012 was 2.88 million units, up 12.8% from the previous [...]
February 26, 2013
Chinese firms race to expand investments in Southeast Asia
Conglomerates led by ethnic Chinese are racing to Southeast Asia to tap brisk demand in the region following the Asian currency crisis, driving foreign investment in countries such as Indonesia and the Philippines. The automotive and retail industry in heavily [...]
February 25, 2013
Southeast Asian nations beef up tax rules for foreign firms
Southeast Asian countries are beefing up tax rules for foreign firms to curb them from diverting income overseas amid rapid growth in the region’s economies. Vietnam, the Philippines and other Southeast Asian nations are seeking more tax income from foreign [...]
February 25, 2013
Diamond heist sends ripples from Brussels to India
India will face a temporary shortage of rough diamonds following a heist at Brussels airport Tuesday, a senior Indian trade executive said Wednesday. A consignment of rough diamonds worth around $50 million was apparently on its way to India when thieves, reportedly disguised as [...]
February 20, 2013
Southeast Asian firms targeting overseas acquisitions
Southeast Asian companies are scrambling to buy businesses in other markets as they emerge as global competitors. A growing number of firms from Southeast Asia – once the target of acquisition deals – have expanded by acquiring firms in other [...]
February 19, 2013
China ‘plays by own rules’ in global investments
China has poured billions of dollars into government infrastructure projects around the world that otherwise might have sunk for lack of financing. But repercussions could leave nations crumbling, according to a new report. While hotels around the Carribbean were struggling [...]
February 18, 2013
Japan’s central bank denies manipulating the yen
The head of Japan’s central bank on Thursday dismissed claims it is manipulating the yen to boost the country’s exports, the latest in a string of denials from Japanese officials. “Our purpose is not to guide exchange rates, but to [...]
February 15, 2013
G7 statement on currency devaluation leaves market confused
The G7 on Tuesday attempted to cool growing tensions over potential destabilizing rounds of currency devaluations sparked by weakness in the Japanese yen in a statement that may have raised confusion among markets. The group of leading economies, comprised of [...]
February 13, 2013
India lowers economic growth forecast to 5%
India has lowered its growth forecast to 5% for this fiscal year, underlining the challenges it faces in reviving its sluggish economy. The Central Statistical Organization estimated India’s economic growth will hit a decade low of 5% for the year [...]
February 09, 2013
