Singapore Airlines Ltd (SIA) (SIAL.SI) is injecting cash into money-losing Tiger Airways Ltd (TAHL.SI), signalling its resolve to persevere in the low-cost segment even after the budget affiliate bowed out of three regional markets.
Asia/Pacific
Panasonic to sell Sanyo TV unit in U.S. to Funai Electric
Panasonic Corp (6752.T) plans to sell its Sanyo television unit in the U.S., which supplies sets to Wal-Mart Stores (WMT.N), to Funai Electric (6839.T) as it steps back from unprofitable businesses, the Nihon Keizai newspaper reported.
Panasonic to sell Sanyo TV unit in U.S. to Funai Electric -Nikkei
Panasonic Corp plans to sell its Sanyo television unit in the U.S., which supplies sets to Wal-Mart Stores, to Funai Electric as it steps back from unprofitable businesses, the Nihon Keizai newspaper reported.
India's finance minister favors interest rate cut: paper
India's Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has signal it will not ease policy until it is confident of lower inflation.
China's auto market growth may halve to 7 percent this year: industry body head
Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.
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A unit of Bank of New York Mellon Corp, one of the largest wealth managers in the United States, has won regulatory clearance for the sale of its stake in a joint venture with China's Western Securities Co Ltd , as a shake-out continues among partnerships in the country's financial industry.
The yen languished at two-week lows against the dollar early on Friday, having come under renewed pressure overnight after an encouraging rally on Wall Street dampened demand for the safe haven currency.
Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived.
Fast-growing Chinese smartphone maker Xiaomi Inc said on Thursday it is migrating some data on non-Chinese customers away from its servers in Beijing due to performance and privacy considerations.
Japan's plan to open up to casino gambling has been delayed again, three people familiar with the process said, dealing a blow to one of Prime Minister Shinzo Abe's policy priorities and to hopes the first resort will open in time for the 2020 Tokyo Olympics.
Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders.
Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.
A top Toyota Motor Corp (7203.T) executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp (7312.T) despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants.
Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.
