Asia
China's Surging Exports, Property Prices Add Pressure to End Crisis Stance China’s exports rose more than
forecast in February and property prices jumped the most in
almost two years, adding pressure on policy makers to pare
stimulus measures adopted during the global recession.
Emerging-Market Stocks Rise, Erase 2010 Loss; Yen Falls on China Exports Emerging market stocks rose,
erasing their losses for the year, and metal prices gained after
China said exports soared by the most in three years. The
British pound weakened as U.K. manufacturing contracted.
China Mobile to Buy $5.8 Billion Stake in Pudong Bank for Payment Services China Mobile Ltd., the world’s
biggest phone company by market value, agreed to buy 20 percent
of Shanghai Pudong Development Bank Co. for 39.8 billion yuan
($5.8 billion) to expand its electronic-payment business.
Japan's Machinery Orders Fall 3.7%; Business Spending Revival May Be Slow Japan’s machinery orders slipped
in January after the biggest jump since 2000, indicating a
subdued appetite among the nation’s companies to ramp up
capital spending even as manufacturing passed its worst.
Citic Pacific Posts $770 Million Full-Year Net Income, Beating Estimates Citic Pacific Ltd., an investment
company backed by China’s cabinet, rebounded to an annual profit
after it sold assets and was bailed out for losses incurred on
currency bets.
Dollar Bond Sales Surge 35% in Asia as Evergrande, KDB Tap New Investors The lowest relative borrowing costs
in more than two years and demand from international investors
is driving Asian companies to sell record amounts of dollar-
denominated bonds.
Palm Oil Stockpiles Drop to Five-Month Low in Malaysia, Production Slumps Palm oil production in Malaysia,
the world’s second-largest grower, slumped to the lowest level
in almost three years in February, draining stockpiles amid
concerns that dry El Nino weather will limit supplies this year.
Home Inns Says Shanghai Expo to Boost City's Room Rates, Plans More Hotels Home Inns & Hotels Management Inc.,
China’s second-biggest budget hotel operator, said this year’s
World Expo in Shanghai will boost room rates by as much as 20
percent, and it’s adding up to 200 hotels nationwide.
Baoshan Steel May Post 20-Fold Quarterly Profit Surge on Autos, CICC Says Baoshan Iron & Steel Co., China’s
biggest publicly traded steelmaker, may post at least a 20-fold
profit gain for its first quarter because of strong demand from
automakers, China International Capital Corp. said.
Swaps Traders Bet India's Budget Measures Will Trim Deficit: Chart of Day Investors are betting India will
trim its budget deficit, bringing the country’s risk of default
closer to that of its investment-grade Asian peer group,
according to Nomura Holdings Inc.
Australia, Indonesia Reach Agreement to Fight People Smuggling, Rudd Says Australia and Indonesia agreed to
work more closely on combating human smuggling and terrorism and
will upgrade annual talks between leaders and officials to a
level enjoyed by Australia’s closest ally, the U.S.
Myanmar Opposition Weighs Whether to Join Election After Suu Kyi Banned Myanmar’s opposition party will
begin assessing election laws announced yesterday that ban
detained opposition leader Aung San Suu Kyi and other political
prisoners, a spokesman for the party said.
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