Asia

Asian economies suffer fall in business sentiment

Aisan EconomyThe combination of persistent global economic uncertainty and soaring costs continues to weigh on business sentiment among Asian companies, a fresh survey revealed.

The Thomson Reuters/INSEAD Asia Business Sentiment Index slipped from 66 in the third quarter to 62 in the fourth quarter of this year. It was the lowest business sentiment reading since the third quarter of 2012.

However, the reading was still well above the threshold mark of 50. It may be noted here a reading of above 50 stands for an overall positive outlook.

Economists don’t foresee crisis in emerging markets in near future

Economists don’t foresee crisis in emerging markets in near futureEconomic growth in most of Asian countries is still strong, and most economists are not foreseeing a big crisis in emerging markets in the near future.

At end of March 2013, India's current account deficit reached more than 4 per cent of its economic output or $95 billion, but capital inflows of $92.6 billion helped the country meet the shortfall in the current account.

Lack of infra a major reason behind slow adoption of Internet by SMEs

Karim-TemsamaniInternet can help small business enterprises (SMEs) enjoy an unprecedented growth, but lack of infrastructure is still a big hurdle, according to Google Asia-Pacific President Karim Temsamani.

Addressing a press conference on Wednesday, Mr. Temsamani said that the Internet had altered the rules of the industrial revolution, as economies of scale no longer remained the norm for an enterprise's success.

Samsung unveils Galaxy S4 smartphone

Samsung unveils Galaxy S4 smartphoneSeoul, March 15 - Samsung Electronics, the world's largest maker of memory chips, mobile phones and display panels, Friday unveiled its new flagship smartphone Galaxy S4.

Galaxy S4 features a 5-inch Full HD Super AMOLED display with a resolution of 1920 by 1080. It has a pixel density of 441 pixel per inch (ppi), reported Xinhua.

It comes with a "dual camera" function that allows simultaneous use of both front and rear cameras. Users can select eight different ways to combine the two photos taken by both cameras.

Major Asian markets rise today

Major Asian markets rise todayMajor stock markets in the region recorded growth today after investors showed mixed reactions for the weaker manufacturing data from China.

Japan's Nikkei 225 recorded an increase of 1.78 per cent to 11,588.7, Hong Kong's Hang Seng Index rose 0.06 per cent to 22,795.52, Shanghai's Composite Index expanded 0.16 per cent to 2,317.97 while Singapore's Straits Times Index strengthened 0.09 per cent to 3,291.15. South Korea's Kospi recorded a fall of0.27% to 2,013.40 and Taiwan's TAIEX declined 0.26 per cent to 7,966.08.

Asia business sentiment improves slightly

Asia business sentiment improves slightlyAfter falling for two quarters in a row, business sentiment among top Asian companies jumped in the fourth quarter, a newly released survey by Thomson Reuters/INSEAD showed.

According to the survey, Asia Business Sentiment Index climbed slightly from 62 September to 63 in December. The figures showed a slight improvement but is encouraging given it had slipped by 7 points in September, from the June quarter.

Darwin to become Australia’s gateway to Asia

Darwin to become Australia’s gateway to AsiaMany believe that the new Federal Government's White Paper calling for a much deeper engagement with key partners in Asia would bring positive development for the northern city of Darwin, which might emerge as Australia's gate way to the Asian continent.

The White Paper of the government, that puts forwards a plan for engagement with China, India, South Korea, Japan and Indonesia on a much deeper level, has said that the unique geographical location of Darwin will help it merge as a regional hub for goods and services.

Airtel’s subscribers cross 60 million mark in Africa

Airtel’s subscribers cross 60 million mark in AfricaThe number of Bharti Airtel subscribers in Africa has jumped more than 10 million in less than last 12 months to cross milestone of 60 million.

The Indian telecommunications giant said that it has now more than 60 million active subscribers in Africa, where it has operations in 17 countries.

Gold and silver reach new heights

Gold and silverPrecious metals gold and silver reached new heights on Tuesday as investors continued piling into these metals with an aim to hedge against potential inflation risks.

Spot gold jumped to $1,696.91 an ounce, the highest level the yellow metal hit since mid-March. Though, it then eased slightly to $1,695.46 per ounce.

The U. S. gold jumped 0.6 per cent to $1,698.20 per ounce. Asia's physical market witnessed some scrap selling of the yellow metal as prices reached a level of $1,700 per ounce.

Indian Stocks Trade Higher; Asia Boosts Sentiment

Stock-MarketIndian stock markets were trading positive on Monday with BSE Sensex nearly 1% higher compared to previous close. At 12.30 pm IST, BSE Sensex was up by 148 points at 16867 while NSE Nifty was up by 47 points at 5115. Hang Seng closed 2.3% higher at 18929. Straits Times closed 1.6% higher at 2782. Nikkei 225 was up by nearly two per cent at 8624.

USD-INR was trading at 55.30. Euro-INR was at 69.81. Gold was marginally higher at 29630. Silver was up by nearly 1% at 54,731.

Morgan Stanley revises growth forecast for Asia

Morgan Stanley revises growth forecast for Asia Morgan Stanley has revised its economic growth forecast for Asia due toe continued uncertainty in the Eurozone and weaker domestic demand.  The bank downgraded its growth forecast for Asia excluding Japan to 6.9 percent from 7.3 percent for 2012. The US bank said in a report has revised its forecast for the second time in three months.

Asian and European Stocks on Rise

Sensex has overcome depression and registered growth after a period of month, and all credit goes to global trend.

Last Tuesday, Sensex picked up 149 points and today it closed by further gaining 202 points, not only this it has recovered its 17,000 with today’s points.

Today’s business was considered to be highest since August 11. Not only Asian market but European markets also showed growth. While Sensex gained 202 points, Nifty gained 60.35 amounting to 5,124.65, and later it touched 5,154.50 as banking sector, power and reality sector was running in profits.

Pupils From 125 Nations To Converge For Virtual MBA Recruitment Event

Pupils From 125 Nations To Converge For Virtual MBA Recruitment EventThousands of prospective MBA pupils from over 125 nations on six continents are gearing up for an global MBA fair featuring 56 of the world's top business schools -- and no one will even have to leave home to participate.

The GMATCH Virtual MBA Fair, shaped by the organization, which owns the GMAT exam, will make use of a graphically rich platform to let pupils to interact with school representatives and get used to management education through the web.

Grains mimic stocks, go down sharply

Grains mimic stocks, go down sharplyAs stocks plunged in Asia, Europe and on Wall Street, Grain futures were sharply lower on the Chicago Board of Trade on Tuesday.

Corn was off 8 1/2 to off 9, soybeans were off 6 1/2 to off 9, wheat was off 7 1/2 to off 8 1/2 and oats were off 9 1/2 to off 14.

It has been reported that Corn prices followed the lower trend in stocks that began with a forecast of slower economic growth in China.

Wheat futures closed lower in advance of the Quarterly Grain Stocks report expected on Wednesday.

Oil prices extend gains above $78 per barrel in Asia

Oil-pricesAs a result of a notable boost to the outlook for fuel demand, thanks to cold weather conditions across the US and signs of an economic recovery, oil prices hit a four-week high – by extending gains in Asia above $78 per barrel on Monday.

With the recent hike in oil prices marking a turnaround from a two-and-a-half months’ low of below $70 a barrel two weeks back, analyst Tomokazu Amano, of Tokyo’s Mitsubishi Corp Futures & Securities, said: “The market is getting support as a cold wave in the U. S. Northeast is projected to boost demand.”

Youth included in team for Asian Airgun event

The third edition of the Asian Airgun Championship in Doha from December 16-22 will also double up as the qualification event for the inaugural Youth Olympic Games to be held in Singapore next year.

“The Youth Olympics has a similar qualification criterion as the Olympics. The Asian Airgun event is the only tournament where Indian youth can qualify for the Singapore event,” said national coach Sunny Thomas. “We have some very good shooters who can make it to Singapore and among them Ayonika Paul, Shruti Bhattepatil and Neha Sapte are the frontrunners,” said Thomas.

Green customs workshop to check environmental crime begins

As a complete ban on the use of chlorofluorocarbons (CFCs) comes into force on January 1, 2010 the representatives from United Nations Environment Programme (UNEP), India and Nepal began to thrash out issues concerning illegal trade of ozone depleting substances (ODS) and other environmental crime at a three-day workshop commencing here today.

The workshop proposes to educate the officers of customs and security officers deployed on the borders about the sensitivity of the environmental crime and ensure better coordination among the enforcement agencies to check their movement, said Atul Bagai, Head Asia Pacific, OzonAction Programme, Division of Technology, Industry and Economics (DTIE) under the United Nations Environment Programme’s (UNEP).

APEC leaders vow to work for strong climate results

APECSingapore  - Asian-Pacific leaders on Sunday vowed to work for a strong outcome of the Copenhagen climate talks in three weeks, but failed to give targets for reducing greenhouse gas emissions.

"We reaffirm our commitment to tackle the threat of climate change and work towards an ambitious outcome in Copenhagen," the 21 leaders of the Asia-Pacific Economic Cooperation (APEC) said in a joint statement after their two-day annual summit in Singapore.

But they did not mention any target for slashing emissions, thus backing off from an earlier draft of the declaration.

APEC leaders vow to work for strong climate results

APECSingapore  - Asian-Pacific leaders on Sunday vowed to work for a strong outcome of the Copenhagen climate talks in three weeks, but failed to give targets for reducing greenhouse gas emissions.

"We reaffirm our commitment to tackle the threat of climate change and work towards an ambitious outcome in Copenhagen," the 21 leaders of the Asia-Pacific Economic Cooperation (APEC) said in a joint statement after their two-day annual summit in Singapore.

But they did not mention any target for slashing emissions, thus backing off from an earlier draft of the declaration.

Dhaka, Manila and Jakarta named Asia's climate change hotspots

Dhaka, Manila and Jakarta named Asia's climate change hotspotsHong Kong - Dhaka, Manila and Jakarta on Thursday were named the Asian cities most vulnerable to climate change in a survey by the environmental pressure group the World Wide Fund for Nature (WWF).

The study, timed to coincide with the weekend opening of the Asia-Pacific Economic Cooperation (APEC) summit in Singapore, warned that the three cities along with eight others in the region must prepare for "a brutal climate future."




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