Asia

Asia News

• Asian Stocks Decline After Disappointing U.S., European Economic Reports

  Updated 55 minutes ago

  Asian stocks declined as sales of previously owned homes in the U.S. trailed estimates and Europe’s services and manufacturing output unexpectedly shrank, adding to signs the global economy is slowing.

• Shell’s Cove Bid Starts Race for East African Gas Fields: Energy

  Updated 56 minutes ago

  Royal Dutch Shell Plc’s $1.6 billion bid for Cove Energy Plc starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more gas than Norway’s entire reserves.

• Bank of America to Speed Growth in China After Doubling P

  Updated 1 hour, 54 minutes ago

  Bank of America Corp., the second- biggest U.S. lender, will accelerate its expansion in China after doubling profit and boosting its workforce in the world’s fastest-growing major economy last year.

• Mazda Shares Decline After Carmaker Plans Record Share Sale: Tokyo Mover

  Updated 2 hours, 2 minutes ago

  Mazda Motor Corp., Japan’s least profitable major carmaker, fell to a two-week low in Tokyo trading after the company said it may raise a record 162.8 billion yen ($2 billion) selling new stock.

• Cable & Wireless Tempts Vodafone With Lowest Valuation: Real M&A

  Updated 56 minutes ago

  With Cable & Wireless Worldwide Plc languishing as the world’s cheapest telecommunications carrier, Vodafone Group Plc and private equity firms may not be able to resist making offers for the British fiber-network operator.

• Japanese Stock Futures Unchanged on Signs of Overheating, Yen

  Updated 57 minutes ago

  Japanese stock futures were unchanged as technical indicators signaled shares have been overbought, while the yen’s drop to a seven-month low against the dollar buoyed the earnings outlook for exporters. Australian equities slipped.

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  Thailand Proving Best After China Among Emerging Markets

  During 10 turbulent years in Thailand, Kittiratt Na-Ranong tackled jobs ranging from president of the stock exchange to manager of the national soccer team, an underperforming outfit nicknamed the War Elephants.

• Mitsubishi to Pay $280 Million for Stake in Talisman Leases

  Mitsubishi Corp. will pay about $280 million for a stake in nine of Talisman Energy Inc.’s Papua New Guinea onshore natural-gas licenses, with the potential to export the liquefied fuel to Japan.

• Bombardier Business-Jet Deliveries Outpace Industry

  Bombardier Inc. business-jet deliveries climbed 21 percent last year, outperforming a global industry in which total shipments declined, a U.S. trade group said.

• Neptune Orient Seeks $500 Million Cost Cuts, Higher Cargo Rates

  Neptune Orient Lines Ltd., parent of Southeast Asia’s biggest container line, plans to cut costs by $500 million this year and increase freight rates after posting its biggest quarterly loss in a decade.

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