Vietnam mulls first satellite launch

The Times of India THURSDAY, DECEMBER 13, 2001 Vietnam mulls first satellite launch HANOI: The US space shuttle is being seriously considered for communist Vietnam's first ever satellite launch amid reservations about the launch capabilities of Cold War ally Russia, officials said here on Wedne

6 children die as Vietnam War-era bomb goes off

The Times of India THURSDAY, DECEMBER 20, 2001 6 children die as Vietnam War-era bomb goes off HANOI: Six children aged between four and 13 were killed when an explosive dating back to the Vietnam War went off in southern Vietnam's Phu Yen province, police said on Thursday. "Metal pieced found

China completes first tunnel on Qinghai-Tibet railway

The Times of India WEDNESDAY, DECEMBER 26, 2001 China completes first tunnel on Qinghai-Tibet railway BEIJING: In a remarkable engineering feat, China has successfully connected two sections of the first railway tunnel of the strategic Qinghai-Tibet Railway in a period of six months. The tunne

China to axe 20,000 railway staff in 2002

The Economic Times Wednesday, January 02, 2002 China to axe 20,000 railway staff in 2002 BEIJING CHINA'S Railways has announced plans to axe 20,000 more workers this year to further improve the efficiency while maintaining profit momentum of the key infrastructure sector, a report said on Wedn

China to take a decade to remove yuan controls

The Times of India THURSDAY, JANUARY 03, 2002 It'll take a decade to remove yuan controls: China BEIJING: Chinese state media said Thursday it would take another decade before the country opened up its capital accounts and entirely removed controls on its currency. The recently emerging threat

China to surpass Japan as top Asian PC market

The Times of India WEDNESDAY, JANUARY 09, 2002 China to surpass Japan as top Asian PC market REUTERS WEDNESDAY, JANUARY 09, 2002 10:18:58 AM HONG KONG: With their economies moving in opposite directions, China is set to overtake Japan as Asia's biggest market for personal computer sales in 20

Taiwan and China: Drifting together

Economist.com Taiwan and China Drifting together Jan 3rd 2002 | TAIPEI >From The Economist print edition Economics is slowly uniting Taiwan and China JANUARY 1st saw Taiwan's entry into the World Trade Organisation (WTO), after a decade of effort. In the coming weeks, details are to be releas

Beijing's public servants lose free medical

The Economic Times Sunday, January 13, 2002 Beijing's public servants lose free medical PTI SATURDAY, JANUARY 12, 2002 1:55:39 AM BEIJING: With China embracing market-oriented reforms, some 9,90,000 public employees in the Chinese capital will have to bid farewell to free medical service, a p

China demolishes towns to construct mammoth dam

The Times of India MONDAY, JANUARY 21, 2002 China demolishes towns to construct mammoth dam AFP MONDAY, JANUARY 21, 2002 BEIJING: China on Sunday began destroying the first of 22 cities and counties which will be submerged by rising waters from the world's largest hydroelectric power project -

China has 145mn mobile phone users Web site

The Times of India FRIDAY, JANUARY 18, 2002 China has 145mn mobile phone users: Web site REUTERS FRIDAY, JANUARY 18, 2002 BEIJING: China's mobile phone market, the world's largest, has reached 145 million subscribers, according to a statement on the Web site of its telecom regulator. China's

Japan, China to team up in information technology

The Times of India SUNDAY, DECEMBER 30, 2001 Japan, China to team up in information technology TOKYO: Japan and China will form an information technology alliance next month to collaborate on next generation mobile phone and Internet services, a newspaper reported Sunday. Japan's Telecoms Mini

Russia readies for World Trade Organisation

The Financial Express www.financialexpress.com January 26, 2002 PUTIN'S COMMITMENT COULD SEE ACCESSION THROUGH IN TWO YEARS Russia readies for World Trade Organisation Prakash Shah With the accession of China and Taiwan to the World Trade Organisation completed during the Doha Ministerial l

China's foreign trade surpasses $ 500 bn in 2001

Hindustantimes.com January 20, 2002 Sunday China's foreign trade surpasses $ 500 billion in 2001 PTI Beijing , 11-01-2002 China's total foreign trade volume has touched a record $ 509.77 billion in 2001, an increase of 7.5 per cent from 2000, latest customs figures said on Friday. Of the tota

Qatar is the richest Arab state

The Times of India SUNDAY, JANUARY 27, 2002 Qatar is the richest Arab state PTI SUNDAY, JANUARY 27, 2002 DUBAI: Oil and gas rich Qatar has overtaken the United Arab Emirates to become the richest nation in the Arab world, a report on Sunday said. Qatar's per capita income was estimated at $29

China's FDI up 14.9% y-o-y

The Economic Times Monday, January 14, 2002 China's FDI up 14.9% y-o-y REUTERS MONDAY, JANUARY 14, 2002 BEIJING: China's actual foreign direct investment rose 14.9 per cent year on year to $46.846 billion in 2001, the Ministry of Foreign Trade and Economic Cooperation said on Monday. Contract

Will Korea's credit card boom lead to bust?

The Times of India TUESDAY, JANUARY 29, 2002 Will Korea's credit card boom lead to bust? REUTERS MONDAY, JANUARY 28, 2002 SEOUL: South Korean wallets are bulging these days -- not with cash, but with plastic. Lured by card-promoting tax breaks, lotteries and gifts, the swiping spenders of Seou

MetLife set to kick off China operations

Business Standard Last updated 1630 Hrs IST, Friday, January 25, 2002 MetLife set to kick off China operations Debjoy Sengupta in Kolkata The US-based Metropolitan Life Insurance Company (MetLife) is all set to commence its business in China as part of its expansion in Asia. India is another c

Japan suspends Morgan Stanley for securities violation

Hindustantimes.com February 02, 2002 Japan suspends Morgan Stanley for securities violation AFP Tokyo , 01-02-2002 The Japanese government said on Friday it has suspended the Tokyo branch of Morgan Stanley from trading shares on its own account for 24 business days after it broke the law. The

China's middle class

Economist.com China's middle class To get rich is glorious Jan 17th 2002 | BEIJING China's middle class is expanding rapidly. But what does it want? HAS China taken in a Trojan horse? The country's accession last month to the World Trade Organisation (WTO), optimists in the West often argue,

Bad loans at Japanese banks swell to $277b

The Economic Times Saturday, February 02, 2002 Bad loans at Japanese banks swell to $277b AFP SATURDAY, FEBRUARY 02, 2002 TOKYO: Bad loans held at Japanese banks rose to 36.8 trillion yen ($277 billion) at the end of September 2001, up 9.5 per cent from six months earlier. The figure was the h

Impact of the weak yen on Asian markets

The Financial Express February 04, 2002 Impact of the weak yen on Asian markets The downward spiral of the Japanese yen in the past few months has raised questions of its implications on Asian economies and financial markets. The Financial Express presents the views of two experts, IndusInd Ban

After Enron, debt stalks corporate world seeking new victims

Hindustantimes.com February 05, 2002 After Enron, debt stalks corporate world seeking new victims AFP London , 04-02-2002 To be or not to be? Debt is the question. For many corporate giants wondering if they will survive the downturn or go the way of US energy titan Enron, debt is emerging as

Yamaha to open motorcycle research unit in China

The Times of India MONDAY, FEBRUARY 04, 2002 Yamaha to open motorcycle research unit in China AFP MONDAY, FEBRUARY 04, 2002 TOKYO: Japan's major motorcycle maker Yamaha Motor plans to open a research and development unit in China in 2003, a news report said on Monday. The company plans to use

Japan banks in crisis after stock market crash

The Financial Express February 07, 2002 Japan banks in crisis after stock market crash Tokyo, February 6: Calls for public funds for Japan's top banks are mounting as Tokyo's stock market plunges, with the losses in banks' share portfolios eroding their capital to levels where critical capital

Developing countries urge special treatment in WTO agriculture talks

Hindustantimes.com February 08, 2002 Friday Developing countries urge special treatment in WTO agriculture talks AFP Geneva , 07-02-2002 Nine developing countries have called for special treatment for poor countries in WTO agricultural negotiations partly to help ensure the supply of staple fo

China to push sweeping bank reforms this year

The Economic Times Saturday, February 09, 2002 China to push sweeping bank reforms this year REUTERS BEIJING: CHINA'S central bank said on Friday it will push the reforms of state banks this year by allowing more of them to list on stock markets and accept foreign investment. The vow came a d

KFC outlets total 600 in China

The Times of India MONDAY, FEBRUARY 11, 2002 KFC outlets total 600 in China PTI BEIJING: The US-based fast food giant, Kentucky Fried Chicken (KFC), which has opened 600 outlets in China, plans to open 120 more branches this year, a senior company executive has said. KFC opened for business a

Volkswagen says to invest $2.17 bn Asia-Pacific over five years

Hindustantimes.com February 08, 2002 Friday Volkswagen says to invest $2.17 bn in Asia-Pacific over five years AFP Singapore , 07-02-2002 Europe's leading car-maker Volkswagen said on Thursday it would invest over 2.5 billion euros ($2.17 billion) in the Asia-Pacific region in the next five ye

Hedge funds lure Japanese institutions

The Financial Express February 09, 2002 Hedge funds lure Japanese institutions Tokyo, February 8: Japanese institutional investors, frustrated by a lack of investment opportunities at home, almost doubled their investment in high-risk international hedge funds in 2001 and are expected to be big

Two more Russian reactors for India

The Hindu Thursday, Feb 14, 2002 Two more reactors for Koodankulam By Vladimir Radyuhin MOSCOW, FEB. 13. India and Russia are holding talks on the supply of two more Russian reactors for the Koodankulam power project in Tamil Nadu, where construction work for the installation of the first two

Taiwan relaxes ban on direct trading with China

The Times of India FRIDAY, FEBRUARY 15, 2002 Taiwan relaxes ban on direct trading with China AP TAIPEI: Taiwan on Friday relaxed its restrictions on direct trading with China and also lifted an import ban on some 2,000 Chinese farm and industrial products. Among other items, imports of salmon

BMW sales climb 5.7% in Asia

The Economic Times Monday, February 11, 2002 BMW sales climb 5.7% in Asia AFP SINGAPORE: Sales of German luxury carmaker BMW rose 5.7 per cent in Asia to 61,576 units in 2001, compared to the previous year, despite the economic downturn. A company press release said on Sunday Asia will accoun

Telecoms firms: Stinking hollow

Economist.com Stinking hollow Feb 15th 2002 >From The Economist Global Agenda Enronitis has hit the telecommunications industry. Telecom companies have admitted that they used favourable accounting rules to inflate their revenues. The news has damaged an industry that is already staggering unde

Telecoms firms: Stinking hollow

Economist.com Stinking hollow Feb 15th 2002 >From The Economist Global Agenda Enronitis has hit the telecommunications industry. Telecom companies have admitted that they used favourable accounting rules to inflate their revenues. The news has damaged an industry that is already staggering unde

Japan stock-buying body to detail timetable soon

The Financial Express February 13, 2002 Japan stock-buying body to detail timetable soon Tokyo, February 12: Japan's stock-buying body will decide soon on the period during which banks will be able to sell it their unwanted stockholdings, an official at the body said on Tuesday. Banks' Sharehol

Nasscom sees $50 bn software exports from India

The Times of India THURSDAY, JANUARY 31, 2002 Nasscom sees $50 bn software exports from India REUTERS WEDNESDAY, JANUARY 30, 2002 GENEVA: The head of India's top software industry body on Wednesday said European growth would drive up the country's export revenues from software and services by

Pharma giants likely to face big challenges in years ahead

Hindustantimes.com February 20, 2002 Pharma giants likely to face big challenges in years ahead AFP London , 18-02-2002 These are unsettling times for big pharma: the sector which congratulates itself on being "the most profitable industry over the past 25 years" may not be so for much longer.

Japanese hi-tech spending to stay flat

The Economic Times Tuesday, February 19, 2002 Japanese hi-tech spending to stay flat REUTERS TOKYO: HI-TECH spending in Japan in 2002 is expected to be almost flat from last year at 12.39 trillion yen ($93.37 billion) due to firms' reluctance to splurge on hardware, research firm International

China leads as Asian advertising defies downturn

The Times of India FRIDAY, FEBRUARY 22, 2002 China leads as Asian advertising defies downturn AFP SINGAPORE: China, Asia's largest consumer market, defied the effects of a global recession by posting stronger-than-expected advertising growth in 2001, according to a regional survey released on

Calpers to continue in Southeast Asia private equity, bonds

Hindustantimes.com February 23, 2002 Calpers to continue in Southeast Asia private equity, bonds Reuters San Francisco , 22-02-2002 US pension fund giant Calpers, which stunned Southeast Asian markets on Wednesday with a decision to divest stock holdings from four countries, said on Thursday i

Bavarian breakdown

Business Standard February 23, 2002 PERSPECTIVE Bavarian breakdown The crisis at Kirch is a test of German capitalism and that of the region's banking and political establishment, write James Harding and Bertrand Benoit Bavarians and Texans may not like the comparison but Munich and Houston a

Asia-Pacific server market continues slide in Q4

The Economic Times Monday, February 25, 2002 Asia-Pacific server market continues slide in Q4 REUTERS HONG KONG: The Asia-Pacific (ex-Japan) market for computer servers fell by 18 per cent in the fourth quarter of 2001 with weak economic conditions plaguing sales even in the comparatively heal

Foreign funds in China gear up for profitless decade

The Financial Express Tuesday, February 19, 2002 Foreign funds in China gear up for profitless decade ahead Hong Kong, February 18 : Foreign firms face a profitless decade developing China's fledgling fund management market and when the earnings eventually come, the industry must resist the tem

Russia Faces Dilemma Over Pace Of Rouble Slide

The Financial Express February 27, 2002 Russia Faces Dilemma Over Pace Of Rouble Slide Moscow, February 26: As Russia’s rouble slides towardsnew lows, public debate is raging over whether to allow it to drop faster and force the economy to be more competitive at the cost of more pain for ordina

Enron Japan's Creditors May Be Left Disappointed

The Financial Express February 26, 2002 Enron Japan’s Creditors May Be Left Disappointed Singapore, February 25: Creditors to Enron’s Japanese units could be left in the cold as the company’s assets may cover little more than the cost of liquidation, a source said on Monday. Creditors will meet

Porsche's Asia-Pacific operations move up

The Economic Times Friday, February 22, 2002 Porsche's Asia-Pacific operations move up AFP SINGAPORE: German luxury sports car maker Porsche said on Friday it hopes to double sales to 1,500 in the Asia-Pacific region over the next three years as it opened a regional office in Singapore. China

Asia not ready for free float currencies

The Economic Times Tuesday, February 19, 2002 Asia not ready for free float currencies AFP MANILA: Most Asian nations fear adopting a fully-floating currency exchange rate regime even though Argentina's economic debacle has shown it may be the only option left for them, Asian Development Bank

India: Economic Survey 2001-2002

http://finmin.nic.in/fecosur.htm

Tax haven hall of shame

Economist.com Friday March 1st 2002 Tax haven hall of shame >From The Economist Global Agenda The collapse of Enron has brought to light a problem that has plagued rich economies for some years: the existence of tax havens through which big corporations can legitimately avoid tax. The Organisa

Nokia, Texas Instruments in China tie-up

The Times of India FRIDAY, MARCH 01, 2002 Nokia, Texas Instruments in China tie-up REUTERS BEIJING: Finnish mobile phone giant Nokia, Texas Instruments and 15 other Chinese and foreign firms said on Thursday that they had formed a company to develop software, semiconductors and multimedia elec

Vietnam to strengthen private sector

The Hindu Wednesday, Mar 06, 2002 Vietnam to strengthen private sector By Amit Baruah SINGAPORE MARCH. 5. Communist Vietnam believes that encouraging "strong development of the private economy'' is a long-term "strategic issue'' in developing the country's "socialist-oriented multi-sectoral''

New Zealand: Asians set to outnumber indigenous Maori in 12 yrs

The Times of India SATURDAY, MARCH 02, 2002 Asians set to outnumber indigenous Maori in 12 yrs AFP WELLINGTON: Asians could outnumber indigenous Maori New Zealanders in little more than a decade, population statistics showed on Saturday. Asians now outnumber Pacific Islanders in New Zealand a

'Nike, Adidas factories still overworked, underpaid'

The Times of India THURSDAY, MARCH 07, 2002 'Nike, Adidas factories still overworked, underpaid' REUTERS JAKARTA: Sportswear giants Nike and Adidas-Salomon have taken steps to shed their sweatshop image in Indonesia but employees are still overworked and underpaid, a leading aid agency said.

Asia-Pacific prepaid mobile connections jump Gartner

The Times of India THURSDAY, MARCH 07, 2002 Asia-Pacific prepaid mobile connections jump: Gartner REUTERS SINGAPORE: The number of prepaid cellular connections in the Asia-Pacific region including Japan surged from 33.6 million to 108.2 million between the fourth quarters of 2000 and 2001, Gar

China to overtake Japan as top customer Intel

The Times of India SATURDAY, MARCH 02, 2002 China to overtake Japan as top customer: Intel REUTERS TOKYO: Intel, the world's top computer chip maker, said on Friday that China was set to overtake Japan as its largest Asian customer within two years. "The Chinese market has been very strong in

Siemens to invest $500 million in Indian operations

Business Standard Thursday, March 7, 2002 Siemens to invest $500 million in local operations Our Corporate Bureau in New Delhi Siemens announced its plans to invest $500 million into its Indian operations today. "With our strong and reliable local presence, we are the ideal partners for realis

China Paints Gloomy Profit Picture For State-owned Companies

The Financial Express March 09, 2002 China Paints Gloomy Profit Picture For State-owned Companies Beijing, March 8: China's state sector will post lower profits in 2002 for the second year, hit by the global downturn despite rapid economic growth at home, economic minister Li Rongrong said on

Global banks go local in Asia to fund growth

The Economic Times Monday, March 11, 2002 Global banks go local in Asia to fund growth REUTERS TOKYO: Liberalisation since Asia's financial crisis has enabled banks with global ambitions to accelerate their strategy of serving markets locally instead of funding business across borders, the Ban

Malaysia cracks down on immigrants

The Times of India TUESDAY, MARCH 12, 2002 Malaysia cracks down on immigrants AFP KUALA LUMPUR: More than 4,500 illegal immigrants have been arrested and 7,067 squatter houses demolished in a major crackdown in Malaysia's Sabah state, police said on Tuesday. Most of the 3,841 immigrants arres

Indonesian Apex Bank Governor Convicted

The Financial Express March 14, 2002 Indonesian Apex Bank Governor Convicted Jakarta, March 13: An Indonesian court on Wednesday sentenced central bank governor Sjahril Sabirin to three years in jail for corruption over a long-running banking scandal. "Defendant Sjahril Sabirin is legally prov

Cement Giants Eye Thailand's Unpaved Road To East

The Financial Express March 12, 2002 Cement Giants Eye Thailand's Unpaved Road To East Bangkok, March 11: The world's biggest cement makers are seeking deeper footholds in Thailand in expectation the region will cover its countryside rapidly with new roads, dams and airports, analysts say. Swi

Hitachi proposes first post-war wage cut

The Times of India FRIDAY, MARCH 15, 2002 Hitachi proposes first post-war wage cut AFP TOKYO: Hitachi said on Friday it had proposed the first wage cut since World War II to its labour union, raising pay concerns for the 233,000 union members at Japan's five largest technology firms. Rival el

Cisco expects demands from China to pick-up

The Economic Times Friday, March 15, 2002 Cisco expects demands from China to pick-up REUTERS TAIPEI: Networking gear titan Cisco Systems said on Thursday it expected "sooner rather than later" to see a pick-up in demand from mainland China, a key market depressed by a restructuring of China T

India-Iran-Russia to bulid new Asia transport bridge

HindustanTimes.com Friday, March 15, 2002 India-Iran-Russia to bulid new Asia transport bridge Fred Weir (Moscow, March 14) A new India-Iran-Russia transport corridor will be the most important bridge between Europe and Asia since the Suez Canal and the Trans-Siberian Railway, say Russian offic

Japan may become a thrifty donor

The Economic Times Monday, March 18, 2002 Japan may become a thrifty donor REUTERS TOKYO: Long the developing world's most generous donor, Japan is finding its $7 billion annual foreign aid programme a hard sell at home. Flagging support from recession-weary voters, a huge public debt and int

Vietnam: Agent Orange, A kiler still

Economist.com Vietnam A killer still Mar 7th 2002 | HANOI >From The Economist print edition Worries over Agent Orange, a herbicide used in the Vietnam war AMERICA'S ambassador, Raymond Burghardt, called Agent Orange "the last significant ghost" haunting relations between his country and Vietn

Citibank first to offer forex services to China

The Times of India TUESDAY, MARCH 19, 2002 Citibank first to offer forex services to China AP SHANGHAI: China has taken a step toward opening its tightly controlled banking industry by allowing an overseas lender to offer foreign-currency services to Chinese customers. Chinese regulators have

Oracle denies shifting Indian R&D centre to China

Hindustantimes.com Oracle denies shifting Indian R&D centre to China Reuters New Delhi, March 13 Software giant Oracle Corp denied on Wednesday reports that it planned to shift its research and development centre from India to China. "Oracle is not relocating its Indian R&D centre to China. In

Thailand: Domestic Boost

Far Eastern Economic Review Issue cover-dated March 28, 2002 ECONOMIC MONITOR: THAILAND Domestic Boost By Shawn W. Crispin Lifted by stronger domestic demand, the Thai economy is finally starting to pick up. In recent weeks most Bangkok-based brokerages have upped their 2002 economic-growth pr

Prices stay put as Asian economies recover

The Economic Times Thursday, March 21, 2002 Prices stay put as Asian economies recover REUTERS SINGAPORE: Inflation does not pose a threat to most Asian countries this year, even as the region recovers from last year's economic ailments. With the exception of Korea and Indonesia, most Asian c

Re: Re: Prices stay put as Asian economies recover

From: Charles Jannuzi <[EMAIL PROTECTED]> > The headline sounds far cheerier than the content. > > Do any of these publications ever ask for analysis and opinion from anyone > besides 'analysts' and 'economists' at investment banks? > > Like why not go to a university in Thailand and ask an econom

IMF Repeating Asian Mistake In Argentina, Says Stiglitz

The Financial Express March 23, 2002 IMF Repeating Asian Mistake In Argentina, Says Stiglitz Hanoi, March 22: Nobel Prize winning economist Joseph Stiglitz said on Friday the International Monetary Fund (IMF) was repeating the mistakes it had made in East Asia in Argentina and would only exace

AT&T Launches Landmark China Telecoms Venture

The Financial Express March 23, 2002 AT&T Launches Landmark China Telecoms Venture Shanghai, March 22: Telecoms titan AT&T Corp launched China's first foreign telecoms venture on Friday and gained a window into broadband Internet services in the country, a nascent market that will take time to

Global greenbacks

The Economic Times Friday, March 22, 2002 Global greenbacks JOSEPH E STIGLITZ If wars, as Clemenceau famously said, are too important to be left to generals, development is too important to be left to finance ministers, central bankers, the IMF and World Bank. This week's gathering on "Financ

China's dubious statistics

Economist.com China How cooked are the books? Mar 14th 2002 | BEIJING >From The Economist print edition China's parliament was this week set to endorse the government's plan to achieve 7% economic growth this year. But how will anyone know if the target is reached? ADDING up the value of good

Japan, China Sign $3-Bn Yen-yuan Swap Deal To Avert Future Crises

The Financial Express March 29, 2002 MONEY & BANKING Japan, China Sign $3-Bn Yen-yuan Swap Deal To Avert Future Crises Tokyo, March 28: Japan and China on Thursday signed a yen-yuan swap agreement as part of an Asian-wide currency safety net designed to boost regional cooperation and ward of

Industrial production unlikely to achieve 9th Plan target

Hindustantimes.com March 30, 2002 Industrial production unlikely to achieve 9th Plan target PTI New Delhi , 30-03-2002 Both external and internal factors including the September 11 attacks in the US and the Gujarat earthquake have impacted the growth rate of industrial production which is unli

India's fx reserves cross $53 bn mark, BoP surplus at $5.56 bn

Hindustantimes.com March 30, 2002 India's forex reserves cross $ 53 bn-mark, BoP surplus at $ 5.56 bn Agencies Mumbai , 30-03-2002 India's foreign exchange reserves rose by a record $ 1.128 billion in the week-ended March 22, the highest ever inflow in the recent past, to soar past the $ 53 bi

A challenge in China

Frontline Volume 19 - Issue 07, Mar. 30 - Apr. 12, 2002 A challenge in China C.P.Chandrasekhar A mammoth OECD study documents the loss of dynamism in the Chinese economy, but predictably asserts, unconvincingly, that more reform can break the stalemate. AFTER Japan and South Korea, China is arg

South Korea Auto Sales Accelerate On Domestic Demand

The Financial Express April 02, 2002 South Korea Auto Sales Accelerate On Domestic Demand Seoul, April 1: South Korean automakers posted improved January-March sales on Monday led by luxury sedans and sports utility vehicles which companies and analysts attributed to a tax break that would las

Hedge funds face up to dismal returns

The Economic Times Thursday, March 28, 2002 Hedge funds face up to dismal returns REUTERS LONDON: After months of dismal returns, hedge funds are coming down to earth, finding it harder to raise money and make money, bankers say. Swashbuckling hedge fund managers, who often boast they can del

Russia keen to set up N-reactors in India

The Times of India TUESDAY, APRIL 02, 2002 Russia keen to set up N-reactors in India PTI KUDANKULAM: Russia is keen on setting up at least four more advanced light water nuclear reactors in India to further strengthen the techno-commercial ties between the two countries which would be discusse

BP, Sinopec Launch Petrochemical Plant In China

The Financial Express March 29, 2002 BP, Sinopec Launch Petrochemical Plant In China Shanghai, March 28: Oil titan BP and China's Sinopec Corp launched a massive $2.7 billion petrochemical complex on Thursday, hoping slumping product prices would recover by 2005 when the plant goes into operat

Russia to expand ties with Iran

The Hindu Saturday, Apr 06, 2002 Russia to expand ties with Iran By Vladimir Radyuhin MOSCOW APRIL 5. Russia reasserted its resolve to expand economic and military ties with Iran despite U. S. objections. The Russian President, Vladimir Putin, received the visiting Iranian Foreign Minister, Ka

Taiwan's decision to lift ban on chip may help China

The Times of India WEDNESDAY, APRIL 03, 2002 Taiwan's decision to lift ban on chip may help China REUTERS SHANGHAI: Taiwan's decision to allow chipmakers more freedom to invest in China will help the mainland realise its cherished dream of becoming a global technology manufacturing centre, ana

Top Japan banks seen posting 01-02 net loss

The Economic Times Saturday, April 06, 2002 Top Japan banks seen posting 01-02 net loss REUTERS TOKYO: All top Japanese banking groups are likely to bleed red ink for the 2001-02 business year that ended last week as they aggressively boosted loan-loss provisions against risky borrowers, analy

India takes baby steps to GM crops, Greens fume

Hindustantimes.com April 8, 2002 India takes baby steps to GM crops, Greens fume Reuters Mumbai , 06-04-2002 India's path-breaking move to allow commercial production of genetically modified (GM) cotton hybrids has raised prospects for other transgenic crops even though it could be years befor

China drafting law on biotechnology

The Economic Times Monday, April 08, 2002 China drafting law on biotechnology AFP BEIJING: China is drafting its first law governing the use of biotechnology in an attempt to protect public health and the environment, the state press said on Monday. The proposed legislation is being prepared

Foot-and-mouth travels down to Asia

The Economic Times Monday, April 08, 2002 Foot-and-mouth travels down to Asia AFP KUALA LUMPUR: A Malaysian state has detected an outbreak of foot-and-mouth disease and has banned the movement of cattle to all destinations from north eastern Terengganu. Fhaisol Mat Amin, state veterinary offi

Retail Business Bright Spot For Indonesian Banks

The Financial Express Thursday, April 11, 2002 Retail Business Bright Spot For Indonesian Banks Jakarta, April 10: Indonesia's bruised and battered banks are likely to experience consolidation and more foreign ownership in the years to come, while retail and consumer banking will brighten an o

Toshiba plans new plant in China

HindustanTimes.com Toshiba says plans new plant in China Reuters Tokyo, April 11 Electronics conglomerate Toshiba Corp said on Thursday it was considering building a new production plant in Shanghai, aiming at cutting costs as well as boosting sales in the fast-growing China market. The Daily

IMF bailouts & after

The Economic Times Saturday, April 13, 2002 IMF bailouts & after JOSEPH STIGLITZ I AM a frequent IMF critic, so when the IMF gets something right, I should acknowledge it. The IMF has, at last, recognised the failure of its big bailout policies - failures all too evident in Thailand, Indonesia

Hong Kong Rich Live It Up Despite Recession

The Financial Express April 09, 2002 HK Rich Live It Up Despite Recession Hong Kong, April 8: Many people have been laid off in Hong Kong in the last year and more are living in fear of the axe, but the rich still appear to be letting the good times roll. Sales of foreign-made luxury goods fro

India's software, IT services exports up 40%

Business Standard Tuesday, April 9, 2002 ECONOMY Software, IT services exports up 40% Our Corporate Bureau in New Delhi India's exports of computer software and IT-enabled services grew close to 40 per cent in rupee terms in 2001-02 at Rs 38,500 crore as compared to Rs 27,500 crore registered

Murdoch Launches New China Channel

The Financial Express March 30, 2002 News Corp's Star TV Switches On New China Channel Beijing, March 29: The Asian satellite TV unit of Rupert Murdoch's News Corp, Star TV, has begun transmitting a new channel made for China in the affluent southern province of Guangdong, a company official s

WTO chief says Russia can join

The Times of India MONDAY, APRIL 08, 2002 WTO chief says Russia can join AFP MOSCOW: Russia has "every chance" of joining the World Trade Organisation within the next 18 months but still has many laws to pass to secure entry, WTO chief Mike Moore said in an interview published on Monday. "I w

Taiwan plans to restrict high-tech engineers from working in China

HindustanTimes.com Taiwan plans to restrict high-tech engineers from working in China AP Taipei, Taiwan, April 18 Taiwanese engineers who design semiconductors, missiles, jet fighters and submarines may be barred from working in rival China, the government said on Thursday. The restrictions are

Vietnam: Cash & Carry

Far Eastern Economic Review Issue cover-dated April 25, 2002 VIETNAM Cash & Carry An international wholesale chain is welcomed to Ho Chi Minh City. But will it thrive? By Margot Cohen/HO CHI MINH CITY Issue cover-dated April 25, 2002 FOREIGN INVESTMENTS OF $120 million don't come bouncing int

Executive compensation

The Economic Times Friday, April 19, 2002 Executive elation G ANANDALINGAM The 2001 executive compensation information hit the news wires a couple of weeks ago, and caused a lot of commotion. Nothing seems to derail executive compensation in the United States, not the sagging economy, nor the

China's FDI increases by 28% in Q1 of 2002

Hindustantimes.com April 14, 2002 China's FDI increases by 28% to $10 bn in Q1 of 2002 AFP Beijing , 13-04-2002 China's foreign direct investment (FDI) in the first quarter of 2002 increased by 27.5 per cent from the same period last year to $10.1 billion, state media said on Saturday. In the

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