Category Archives: Asia
China acts to boost loans, bolster flagging economy
(Reuters) – China’s central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated 400 billion yuan ($63.5 billion) for lending to head-off the risk of a sudden … continue…
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Sony slides to three-decade low on strategy doubts
(Reuters) – Shares in Sony Corp slumped more than 7 percent to near 32-year lows, as investors doubted the Japanese consumer electronics giant has a strategy to fix its loss-making TV business and compete in … continue…
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China industrial output lowest in nearly three years
(Reuters) – Chinese industrial production weakened sharply in April as investment slowed to its lowest level in nearly a decade, showing an economy that is surprisingly vulnerable to a global slowdown and a credit crunch … continue…
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Nikkei slides toward 9,000 in choppy trade
Nikkei ends down; approaches trough, says Nomura * Toyota makes modest gain on positive forecast * Gree, DeNA rebound, to scrap gambling games * Tepco surges on government capital injection, takeover By Sophie Knight … continue…
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Syria accuses UN chief Ban Ki-moon of bias
Syria derided UN chief Ban Ki-moon as biased and called his comments “outrageous” Saturday after he blamed the regime for widespread cease-fire violations — the latest sign of trouble for an international peace plan many … continue…
