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| Top Regional Business and Finance News |
| China's smartphone sales up 141.5 pct y-o-y to 75.28 mln in Q1, Analysys |
| XEC - 20 May, 2013 |
| The sales of smartphones in China in the first quarter of 2013 increased by 141.5 percent year on year, or 32.2 percent from the previous quarter, to 75.28 million units, Analysys International, a leading information provider in China's Internet market, reported on Monday. |
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| China's smartphone sales up 141.5 pct y-o-y to 75.28 mln in Q1, Analysys |
| XEC - 20 May, 2013 |
| The sales of smartphones in China in the first quarter of 2013 increased by 141.5 percent year on year, or 32.2 percent from the previous quarter, to 75.28 million units, Analysys International, a leading information provider in China's Internet market, reported on Monday. |
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| China Unicom adds 4.076 mln new 3G users in Apr. |
| XEC - 20 May, 2013 |
| China Unicom (CHU.NYSE; 00762.HK; 600050.SH), the country's second largest mobile telecom operator by user base, said on Monday the number of its 3G users increased 4.076 million in April to 91.892 million, compared with a net increase of 4.33 million in March. |
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| China Unicom adds 4.076 mln new 3G users in Apr. |
| XEC - 20 May, 2013 |
| China Unicom (CHU.NYSE; 00762.HK; 600050.SH), the country's second largest mobile telecom operator by user base, said on Monday the number of its 3G users increased 4.076 million in April to 91.892 million, compared with a net increase of 4.33 million in March. |
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| Loose nut mars Dreamliner test. Japanese carrier ANA says June 1 restart of flights is unchanged |
| ABW - 19 May, 2013 |
| A loose nut threatened to spoil the long awaited comeback of Boeing's cutting-edge aircraft after an electrical panel fault was reported on a test flight in Japan yesterday. |
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| Loose nut mars Dreamliner test. Japanese carrier ANA says June 1 restart of flights is unchanged |
| ABW - 19 May, 2013 |
| A loose nut threatened to spoil the long awaited comeback of Boeing's cutting-edge aircraft after an electrical panel fault was reported on a test flight in Japan yesterday. |
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| The sad truth of our reliance on low-cost manufacturing. |
| ABW - 19 May, 2013 |
| Retailers from around the world have claimed a victory in forcing the government of Bangladesh to concede to new rights and safeguards for factory workers after the garment factory disaster which claimed 1,100 lives. But it is hard to see how the proposals will change anything of significance. |
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| The sad truth of our reliance on low-cost manufacturing. |
| ABW - 19 May, 2013 |
| Retailers from around the world have claimed a victory in forcing the government of Bangladesh to concede to new rights and safeguards for factory workers after the garment factory disaster which claimed 1,100 lives. But it is hard to see how the proposals will change anything of significance. |
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| AI wants compensation from Boeing for 787s not delivering 20% fuel savings |
| ABW - 18 May, 2013 |
| National carrier Air India (AI) has sought compensation from Boeing for Dreamliners not meeting the 20% fuel efficiency claims as the airline could achieve only a tad over 17% fuel economy from its six 787s, an AI source told PTI on Friday. |
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| AI wants compensation from Boeing for 787s not delivering 20% fuel savings |
| ABW - 18 May, 2013 |
| National carrier Air India (AI) has sought compensation from Boeing for Dreamliners not meeting the 20% fuel efficiency claims as the airline could achieve only a tad over 17% fuel economy from its six 787s, an AI source told PTI on Friday. |
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| Samsung says Galaxy S4 sales to 'easily' reach 10 million this week |
| ABW - 18 May, 2013 |
| Samsung Electronics co-CEO Shin Jong-kyun has said the company's Galaxy S4 is on track to easily surpass its predecessor's sales record, Korea Times has reported. "We are confident that we will pass more than 10 million sales of the S4 next week. It is selling much faster than the previous model S3," Jong-kyun said. |
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| Samsung says Galaxy S4 sales to 'easily' reach 10 million this week |
| ABW - 18 May, 2013 |
| Samsung Electronics co-CEO Shin Jong-kyun has said the company's Galaxy S4 is on track to easily surpass its predecessor's sales record, Korea Times has reported. "We are confident that we will pass more than 10 million sales of the S4 next week. It is selling much faster than the previous model S3," Jong-kyun said. |
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| Tata Motors to postpone Thailand plant's development |
| ABW - 18 May, 2013 |
| India, May 18 -- Tata Motors, country's largest car maker is planning to postpone the development of its new assembly plant in Thailand worth Rs 1,839 crore, as it is facing slump in demand. It has decided to enter into Thailand's passenger car market during the third quarter of this year with the introduction of its Nano budget car. Automaker had unveiled plans to build a factory with an annual capacity of 60,000 vehicles, either in Thailand or Indonesia, at the end of 2012. The company has registered a fall of 14.85% in its total vehicle sales at 51,160 units in April 2013, as against 60,086 units sold in the same month last year. Pressurized by slowdown of automobile market in India, Tata Motors has sold just 948 units of its Nano- the People's car in April this year, down by 88% as compared to 8,028 units sold in April last year. |
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| Tata Motors to postpone Thailand plant's development |
| ABW - 18 May, 2013 |
| India, May 18 -- Tata Motors, country's largest car maker is planning to postpone the development of its new assembly plant in Thailand worth Rs 1,839 crore, as it is facing slump in demand. It has decided to enter into Thailand's passenger car market during the third quarter of this year with the introduction of its Nano budget car. Automaker had unveiled plans to build a factory with an annual capacity of 60,000 vehicles, either in Thailand or Indonesia, at the end of 2012. The company has registered a fall of 14.85% in its total vehicle sales at 51,160 units in April 2013, as against 60,086 units sold in the same month last year. Pressurized by slowdown of automobile market in India, Tata Motors has sold just 948 units of its Nano- the People's car in April this year, down by 88% as compared to 8,028 units sold in April last year. |
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| Bangladesh safety pact splits top retailers |
| ABW - 18 May, 2013 |
| London, May 17 -- At least eight of the UK's leading fashion retailers have failed to put their names to a legally binding initiative to offer financial support for fire safety and building improvements in the wake of the Bangladesh garment disaster. George at Asda, Next, Matalan, River Island, Sports Direct, Peacocks, Shop Direct and the Arcadia group - which includes Topshop, Bhs and Dorothy Perkins - all failed to meet a deadline set by NGOs and labour leaders to sign the pledge. |
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| Bangladesh safety pact splits top retailers |
| ABW - 18 May, 2013 |
| London, May 17 -- At least eight of the UK's leading fashion retailers have failed to put their names to a legally binding initiative to offer financial support for fire safety and building improvements in the wake of the Bangladesh garment disaster. George at Asda, Next, Matalan, River Island, Sports Direct, Peacocks, Shop Direct and the Arcadia group - which includes Topshop, Bhs and Dorothy Perkins - all failed to meet a deadline set by NGOs and labour leaders to sign the pledge. |
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| Pandit takes stake in India's JM Financial |
| ABW - 18 May, 2013 |
| New York: Former Citigroup Chief Executive Officer Vikram Pandit is buying a stake in India' ... |
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| Pandit takes stake in India's JM Financial |
| ABW - 18 May, 2013 |
| New York: Former Citigroup Chief Executive Officer Vikram Pandit is buying a stake in India' ... |
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| Woman gets death for 'illegal' fund-raising in China |
| ABW - 16 May, 2013 |
| Beijing, May 16 -- A 39-year-old businesswoman has been sentenced to death by a court in China for "illegal fund-raising". |
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| Woman gets death for 'illegal' fund-raising in China |
| ABW - 16 May, 2013 |
| Beijing, May 16 -- A 39-year-old businesswoman has been sentenced to death by a court in China for "illegal fund-raising". |
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| Top Press Releases |
| Malaysia : MALAYSIA AIRLINES raises frequency between KUALA LUMPUR and KATHMANDU |
| ABW - 20 May, 2013 |
| Beginning 1 June 2013, Malaysia Airlines will be boosting its frequency between Kuala Lumpur and Kathmandu from five times weekly to seven times weekly.The national airline operated its inaugural flight to Kathmandu from Kuala Lumpur on a thrice-weekly service schedule on 1st September 2012. We have such great demand from our passengers to fly between Kuala Lumpur and Kathmandu. With the daily frequency, our customers will be able to travel conveniently and at ease. On top of that, the increased frequency will provide excellent connectivity between Malaysia and various other destinations on Malaysia Airlines and our oneworld routes, said Malaysia Airlines, Director of Commercial, Dr. Hugh Noel Dunleavy.The carrier will deploy a two-class configured Boeing 737-800 aircraft with 144 economy class seats and 16 business class seats. Flight MH170 leaves Kuala Lumpur at 8.55am to reach Kathmandu at 11.30am. The return flight MH171 leaves Kathmandu at 12.20pm to reach Kuala Lumpur at 7.15pmIn the meantime, Malaysia Airlines Economy, Business and First Class travelers will benefit from 30, 40 and 50 kilograms baggage allowance respectively. Passengers on Economy Class are moreover entitled to one piece of hand baggage weighing a maximum 7 kg, while those in Business Classes are enabled two pieces. |
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| *XH China Unicom (600050.SH): mobile users at 254.63 mln as of end-Apr. |
| XEC - 20 May, 2013 |
| *XH China Unicom (600050.SH): mobile users at 254.63 mln as of end-Apr. |
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| *XH China Unicom (600050.SH): mobile users at 254.63 mln as of end-Apr. |
| XEC - 20 May, 2013 |
| *XH China Unicom (600050.SH): mobile users at 254.63 mln as of end-Apr. |
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| *XH China Unicom (600050.SH) adds 3.92 mln new mobile users in Apr. |
| XEC - 20 May, 2013 |
| *XH China Unicom (600050.SH) adds 3.92 mln new mobile users in Apr. |
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| *XH China Unicom (600050.SH) adds 3.92 mln new mobile users in Apr. |
| XEC - 20 May, 2013 |
| *XH China Unicom (600050.SH) adds 3.92 mln new mobile users in Apr. |
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| *XH China Unicom (600050.SH): 3G users at 91.89 mln as of end-Apr. |
| XEC - 20 May, 2013 |
| *XH China Unicom (600050.SH): 3G users at 91.89 mln as of end-Apr. |
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| *XH China Unicom (600050.SH): 3G users at 91.89 mln as of end-Apr. |
| XEC - 20 May, 2013 |
| *XH China Unicom (600050.SH): 3G users at 91.89 mln as of end-Apr. |
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| Content Marketing: How Marketers Win Customers in the Age of Media Clutter |
| JCN - 20 May, 2013 |
| Modern consumers are increasingly overwhelmed with straightforward advertising. Brought up with a steady diet of branding hype and marketing fluff, consumers have learned to flip through advertisements and browse the Internet without a care for banners and pop-ups. Content marketing may help marketers to recapture that coveted share of mind. |
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| Content Marketing: How Marketers Win Customers in the Age of Media Clutter |
| JCN - 20 May, 2013 |
| Modern consumers are increasingly overwhelmed with straightforward advertising. Brought up with a steady diet of branding hype and marketing fluff, consumers have learned to flip through advertisements and browse the Internet without a care for banners and pop-ups. Content marketing may help marketers to recapture that coveted share of mind. |
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| Rio boss slams court's ruling |
| ABX - 19 May, 2013 |
| Rio Tinto wants to expand its Warkworth coal mine in New South Wales, thereby increasing its mine life to 2031. The State Government approved the expansion in February 2013, but this was overturned by the Land & Environment Court in March. Harry Kenyon-Slaney, the CEO of Rio Tinto Energy, says the court's decision has the potential to curb the state's economic development. |
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| Rio boss slams court's ruling |
| ABX - 19 May, 2013 |
| Rio Tinto wants to expand its Warkworth coal mine in New South Wales, thereby increasing its mine life to 2031. The State Government approved the expansion in February 2013, but this was overturned by the Land & Environment Court in March. Harry Kenyon-Slaney, the CEO of Rio Tinto Energy, says the court's decision has the potential to curb the state's economic development. |
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| HDFC targets 20% GCC growth |
| ABW - 19 May, 2013 |
| HDFC Ltd, India's premier housing finance company, has brought 50 top developers to the 10th edition of India Homes Fair, a property fair exclusively for the Non Resident Indians (NRIs) in Dubai. |
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| HDFC targets 20% GCC growth |
| ABW - 19 May, 2013 |
| HDFC Ltd, India's premier housing finance company, has brought 50 top developers to the 10th edition of India Homes Fair, a property fair exclusively for the Non Resident Indians (NRIs) in Dubai. |
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| Analysis: China wealth management sector shrinks |
| XEC - 19 May, 2013 |
| Chinese authorities' recent tightening over banks' wealth management products has led to a decrease in the number of new products and their yields. |
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| Analysis: China wealth management sector shrinks |
| XEC - 19 May, 2013 |
| Chinese authorities' recent tightening over banks' wealth management products has led to a decrease in the number of new products and their yields. |
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| Yahoo Japan suspects 22 million IDs stolen |
| ABW - 18 May, 2013 |
| India, May 18 -- Yahoo Japan Corp. has said it suspects up to 22 million user IDs may have been stolen during an unauthorised attempt to access the administrative system of its Yahoo! Japan portal. |
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| Yahoo Japan suspects 22 million IDs stolen |
| ABW - 18 May, 2013 |
| India, May 18 -- Yahoo Japan Corp. has said it suspects up to 22 million user IDs may have been stolen during an unauthorised attempt to access the administrative system of its Yahoo! Japan portal. |
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| China Unicom boosts broadband speeds in Beijing |
| ABW - 18 May, 2013 |
| The Beijing subsidiary of China Unicom has launched a new broadband connection scheme that raises broadband speeds in the city, reports Tencent Tech. Users with a Unicom 512 kbps or 1 Mbps connection will have their connection speed raised to 4 Mbps. Users with a 2 Mbps broadband connection will be upgraded to 10 Mbps and customers with a 4 or 8 Mbps connection will be upgraded to 20 Mbps. Fibre-optic customers may be able to get speeds of up to 100 Mbps. The move is in part a response to China's Ministry of Industry and Information Technology's goal of having 75 percent of Chinese broadband users on 4 Mbps or faster connections this year. China Unicom may roll out similar plans in other cities across China. |
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| India\ s Jet Airways to order over 100 planes - report |
| ABW - 13 May, 2013 |
| India's Jet Airways, which Abu Dhabi's Etihad Airways bought a 24 percent stake in for $379m last month, is set to use its new financial backing to order more than 100 new planes at next month's Paris Air Show, it was reported on Sunday. |
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| India\ s Jet Airways to order over 100 planes - report |
| ABW - 13 May, 2013 |
| India's Jet Airways, which Abu Dhabi's Etihad Airways bought a 24 percent stake in for $379m last month, is set to use its new financial backing to order more than 100 new planes at next month's Paris Air Show, it was reported on Sunday. |
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| Other Regional Headlines |
| Maybank may name new chief next week |
| ABW - 19 May, 2013 |
| KUALA LUMPUR: MALAYAN Banking Bhd (Maybank)'s new chief is expected to be known within a week at the earliest. |
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| Maybank may name new chief next week |
| ABW - 19 May, 2013 |
| KUALA LUMPUR: MALAYAN Banking Bhd (Maybank)'s new chief is expected to be known within a week at the earliest. |
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| With victory behind him, Sharif must find ways to deliver. |
| ABW - 19 May, 2013 |
| With many hard decisions expected, Pakistan's new prime minister will need all the wisdom, support and luck to meet people s lofty expectations. |
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| With victory behind him, Sharif must find ways to deliver. |
| ABW - 19 May, 2013 |
| With many hard decisions expected, Pakistan's new prime minister will need all the wisdom, support and luck to meet people s lofty expectations. |
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| Pakistan: Nawaz finalises federal cabinet |
| ABW - 19 May, 2013 |
| LAHORE, May 18 -- After much deliberations within his party ranks, prime minister-elect Nawaz Sharif has finalised names for the incoming cabinet and candidates for the posts of president, NA speaker and deputy speaker. |
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| Pakistan: Nawaz finalises federal cabinet |
| ABW - 19 May, 2013 |
| LAHORE, May 18 -- After much deliberations within his party ranks, prime minister-elect Nawaz Sharif has finalised names for the incoming cabinet and candidates for the posts of president, NA speaker and deputy speaker. |
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| Malaysian Minister says his remarks on emigration misquoted |
| ABW - 19 May, 2013 |
| Kuala Lumpur, May 19 -- Malaysian Home Minister Ahmad Zahid Hamidi has defended his statement in which he called for groups which did not accept the country's political system to migrate to countries where they find a suitable system. |
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| Malaysian Minister says his remarks on emigration misquoted |
| ABW - 19 May, 2013 |
| Kuala Lumpur, May 19 -- Malaysian Home Minister Ahmad Zahid Hamidi has defended his statement in which he called for groups which did not accept the country's political system to migrate to countries where they find a suitable system. |
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| What Nawaz Sharif's new Pakistan means |
| ABW - 18 May, 2013 |
| New Delhi, May 18 -- Pakistan has voted for continuity in replacing one conservative party with another at the national level and rejecting the radical message of a charismatic hero. A new government also comes in a year when the three most powerful men in Pakistan are leaving their jobs. |
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| What Nawaz Sharif's new Pakistan means |
| ABW - 18 May, 2013 |
| New Delhi, May 18 -- Pakistan has voted for continuity in replacing one conservative party with another at the national level and rejecting the radical message of a charismatic hero. A new government also comes in a year when the three most powerful men in Pakistan are leaving their jobs. |
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| Asia Pacific Market Roundup |
| Bangladesh |
12,105.79 |
+55.37 |
+0.46% |
20May |
| Hong Kong |
22,299.63 |
-165.19 |
-0.74% |
28Mar |
| India |
6,156.90 |
-30.40 |
-0.49% |
20May |
| Indonesia |
4,308.86 |
-11.33 |
-0.26% |
14Dec |
| Malaysia |
12,139.94 |
+85.44 |
+0.71% |
20May |
| Mauritius |
1,948.33 |
-0.69 |
-0.04% |
20May |
| Nepal |
497.46 |
-0.35 |
-0.07% |
20May |
| Pakistan |
20,814.14 |
+277.11 |
+1.35% |
20May |
| Singapore |
3,454.23 |
+4.93 |
+0.14% |
20May |
| South Korea |
4,178.50 |
-1.29 |
-0.03% |
20May |
| Sri Lanka |
6,466.67 |
+85.97 |
+1.35% |
20May |
| Taiwan |
7,296.28 |
+126.67 |
+1.77% |
29June |
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