Sita Magar is a single mother of four who earns whatever she can wring from six goats and the muscle of a rented water buffalo. After paved roads end, it takes four hours to reach her farm along a trail where felled trunks, like twisted balance beams, span a raging stream. Even so, a recruiter feeding migrant workers into the global electronics industry found Magar in her mountainside Nepalese village last year. He convinced her to borrow more money than she’d ever seen, about $1,000, and pay him to get her daughter a position at a factory in Malaysia.
Asian companies from Techtronic Industries Co. to Maruti Suzuki India Ltd. said currency hedges will help them withstand the impact of the euro’s slump after stocks plunged on concern the region’s debt crisis will spread.
Sony Corp. Chief Executive Officer Howard Stringer has no plans to step down from his post after the U.K.’s Daily Telegraph newspaper said he’d been approached to succeed Michael Lyons as chairman of the BBC Trust.