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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
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