Category Archives: Asia
Morgan Stanley cut Facebook estimates just before IPO
(Reuters) – In the run-up to Facebook’s $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank’s consumer Internet analyst, Scott Devitt, was reducing … continue…
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China targets infrastructure to lift economy, report says
(Reuters) – China will fast track approvals for infrastructure investment to combat a slowdown in the economy, a state-backed newspaper reported on Tuesday, underlining a call by Premier Wen Jiabao for policies to maintain growth. … continue…
China eschews fiscal fanfare for supportive spending
(Reuters) – China’s focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of … continue…
G8 growth talk leaves wary markets awaiting action
(Reuters) – A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. … continue…
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China’s Wen urges more support for
(Reuters) – China’s premier called for additional efforts to support growth on Sunday, signaling Beijing’s willingness to take action after a recent series of economic indicators suggested that the world’s second-biggest economy will slow further … continue…
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Historic Facebook debut falls flat
(Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering … continue…
China second quarter GDP growth seen at 7.5 percent: government think-tank
(Reuters) – China’s annual economic growth could slow to 7.5 percent in the second quarter, largely due to curbs on the property sector and headwinds from external demand, the State Information Center, a government think-tank, … continue…
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Investors brace for Facebook debut on Wall Street
(Reuters) – Investors are bracing for Facebook’s Wall Street debut on Friday after the world’s No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. Valued … continue…
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GE aims to double China JVs to around 56 in five years
(Reuters) – General Electric Co (GE.N) aims to double the number of joint ventures it has in China from the current 28 in roughly five years, its vice-chairman said on Friday. John Rice, who is … continue…
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East Asian powers set to push trade pact talks
(Reuters) – China, Japan and South Korea will set in motion formal talks for a three-way free trade pact and unveil an accompanying investment treaty at a summit in Beijing on Sunday. The three nations … continue…
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