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Asian markets higher on Sony and Wall Street

Asia-Pacific equity markets closed mostly higher on Thursday led by Japan, as Sony’s better-than-expected outlook and substantial dividend hike bolstered the Nikkei and Topix

South Korea to lend shares in state firms

The South Korean government plans to lend shares in state-run companies such as Industrial Bank of Korea, Korea Gas Corp and Korea Electric Power Corp to investors to boost returns from its stockholdings

Adaro poised to be Indonesia’s largest IPO

Adaro Energy, the holding company for Indonesia’s second-largest coal miner, increased its planned public offering, making it likely to be the largest IPO in the country’s history

SK Telecom in talks with Virgin Mobile in US

SK Telecom of South Korea is in talks with Virgin Mobile USA about the possibility of combining their US mobile phone operations

Weak dollar and demand hit Nissan profits

Japan’s third-biggest carmaker said ‘absolutely scary’ increases in the cost of steel and other raw materials, as well as the stronger yen and flagging US market, would result in a 30 per cent fall in profits in the coming year

Asian markets gain as oil retreats

Investors take heart from retreating oil prices and better-than-expected earnings from HSBC to rally across Asia-Pacific

Renault and Nissan to launch low-cost car

Renault, Nissan and Bajaj Motors are to jointly build a $2,500 car to compete with Tata Motors’ Nano cut-price family model

Japan warned on governance

The country must improve its standards of corporate governance to halt sliding investor confidence, a group of the world’s most influential institutional investors will warn this week

Depositary receipts offer HK listing for foreigners

Foreign companies will be able to list in Hong Kong using depositary receipts from July 1, the market’s operator, Hong Kong Exchanges & Clearing (HKEx) said.

Hyundai suspends US pick-up production plan

The South Korean carmaker has suspended a plan to produce pick-up trucks in the US due to falling demand for gas-guzzling vehicles amid record high oil prices

Hynix to buy 10% stake in rival ProMOS

Kazakhstan economy causing alarm

Region’s bourses eye ascendancy

Fears for growth sparks Chinese sell-off

Banks and oil weigh on Asia-Pacific shares

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