Property prices up by 8.6% in 2006 - - The average price of land per square meter along selected streets across Japan rose 8.6 percent, or 10,000, from a year earlier to 126,000 as of Jan. 1, the National Tax Agency said Wednesday.

Casio to sell radio-controlled analog watches in China - - Casio Computer Co. will become the first Japanese company to market radio-controlled watches in China by selling high-end wristwatches in Beijing, Shanghai and other major Chinese cities from early September, Casio officials said Wednesday.

Lenovo's Olympic-Scale Ambitions - - China's top computer maker is hoping to raise its international profile with its sponsorship of the torch relay leading up to the Games

Sharp's Mega-Wager on LCD TVs - - The Japanese consumer-electronics outfit is spending $3.2 billion on a next-generation facility to produce LCDs and meet demand for big TVs

China orders major state-owned firms to report large investments - - China's state assets watchdog on Wednesday ordered all central state-owned enterprises (SOEs) to report their major investment activities in a bid to shun investment risks.

China strongly opposes U.S. dual probe into off-road tyres - - China's Ministry of Commerce (MOC) on Wednesday described a combined anti-dumping and anti-subsidy investigation by the United States into Chinese off-road tyres as wrong.

China speeds up energy-efficient products certification - - More than 10,000 products manufactured by 605 Chinese companies have been certified as energy-efficient products, according to the China Standard Certification Center (CSC) of the General Administration of Quality Supervision, Inspection and Quarantine.

China authorises 1st JV fund to invest overseas - - China's Harvest Fund Management Co. Ltd. (Harvest), 19.5-percent owned by Germany's Deutsche Bank AG, has become the first joint venture fund approved as a qualified domestic institutional investor (QDII) authorized to invest overseas, and is set to launch its first offshore fund within a month.

China reassures foreign investors on M&As - - Chinese officials have reassured overseas investors that the country still welcomes foreign investment in the form of mergers and acquisitions (M&As), amid domestic worries that they may threaten national economic security.

China's short-term foreign debt hits new high - - China's short-term foreign borrowing as a proportion of its total outstanding foreign debt has hit a record 57.5 percent by the end of March.

Currency: NZ dollar drops again - - The New Zealand dollar sank below US76c in afternoon trading and dealers are loathe to predict where it will find support while global markets are so unsettled.

Chinese Estates Ends Takeover Talks That Began After Failed Buyout Offer  - - Chinese Estates Holdings Ltd., the Hong Kong developer run by billionaire brothers Joseph and Thomas Lau, ended takeover talks with investors that began two months after the Laus failed in May to buy out other shareholders.

Wall Street Firms May Find Fewer China Partners as Stock Boom Aids Brokers  - - Merrill Lynch & Co., after reportedly failing to win approval for a Chinese venture, may find it harder to attract a partner as the world's second-best performing stock market reinvigorates ailing brokerages.

Hong Kong Stock Index Rebounds From Worst Drop in Five Months; HSBC Gains  - - Hong Kong's stocks rose, with the Hang Seng Index rebounding from its biggest drop in more than five months, as investors judged declines excessive. China Mobile Ltd. and HSBC Holdings Plc advanced.

Fosun May Form Fund Venture in Hong Kong, Considers Saudi Prince Alwaleed  - - Fosun International Ltd., China's largest diversified company outside state control, may set up a fund venture and Saudi Prince Alwaleed bin Talal is being considered as a possible partner, a company official said. Profit Falls; Shares Gain After Forecast Beats Analyst Estimates  - - Inc., China's third-biggest Web portal, said second-quarter profit fell 20 percent after the company increased spending on new services. The stock rose after the forecast for this quarter beat analysts' estimates.

Asian Stocks Rebound as U.S. Rally Eases Subprime Concerns; Babcock Climbs  - - Asian stocks rose from a one-month low after a late rally in U.S. shares eased concern a weakening housing market will slow growth in the world's biggest economy.

India May Raise Banks' Reserve Limit Again to Curb Loan Growth, Inflation  - - India's central bank will probably restrict funds available for lenders for a fourth time this year to curb loan growth and contain inflation.

Pakistan's Interest-Rate Rise to Five-Year High Won't Hurt Economy, Stocks  - - The Pakistan central bank's unexpected decision to increase its benchmark interest rate to a five-year high won't shift funds from the stock market and isn't likely to hurt the economy, investors and analysts said.

India, Indonesia, South Korea, Taiwan: Asia Local-Currency Bond Preview  - - The following events and economic reports may influence trading in Asian local-currency bonds today. Yields are from the previous session.

Yen Strengthens After Japanese Investors Bring Home Funds From Overseas  - - The yen rose against the dollar and euro as Japanese investors sold foreign-currency denominated assets during a global slump in stocks and corporate bonds.

Toyota, Honda Lead Asian Automakers to Record U.S. Share as Sales Decline  - - Toyota Motor Corp. and Honda Motor Co. led Asian carmakers to a record share of U.S. auto sales in July, sending their U.S. rivals below the 50 percent threshold for the first time.

Shares Rally in Tokyo, Led by Mitsubishi Estate on Land Prices, Astellas  - - Japanese stocks climbed, led by real estate companies such as Mitsubishi Estate Co., on speculation recent losses have been overdone and after a report land prices rose 8.6 percent in 2006.

Government Bonds Decline on Speculation Stock Gains, Auction to Cut Demand  - - Japan's government bonds fell on speculation global stocks will extend their rebound, reducing demand for the relative safety of debt.

Toyota's Auto Sales Sink In Its Home Market Japan Even As Profit Surges  - - Toyota Motor Corp., the world's biggest automaker, is set to post record quarterly profit tomorrow because of drivers in the U.S, China and Europe. Its only weakness is in Japan.


Mazda sees profit fall 62% but predicts record year - - Mazda reported a 62 percent drop in April-June profit on Tuesday, but Japan's No. 4 automaker stuck with its forecast of record profit for the full year on growing global sales.

HMV sells Japanese store chain - - HMV Group PLC, Britain's largest music retailer, said Tuesday it agreed to sell its Japanese store chain to Daiwa Securities Group Inc. and Sumitomo Mitsui Financial Group Inc. for 17 billion in cash.

Sharp plans 380 billion LCD plant - - Sharp Corp., Japan's largest maker of liquid-crystal displays, said Tuesday it will invest 380 billion on the industry's most advanced manufacturing factory to catch up to Samsung Electronics Co.

3M, Sony settle battery patent row - - 3M Co. said Monday it has settled out of court an infringement dispute with Sony Corp. over its patented technology related to lithium-ion batteries for use in computers, mobile phones and other devices.

South Korea's Kingpin of Finance - - Park Hyeon Joo involved workers in the country's surging equity funds biz, of which his company controls a third. He's now diversifying abroad

Paulson's China Charm Offensive - - The Treasury Secretary has skill and connections, but his understated approach to financial diplomacy has yielded mixed results in China

Asia Opens Wallet for Top IT Talent - - A new Hudson study reveals that companies are combating a shortage of skilled workers by paying higher salaries

China's short-term foreign debt hits new high - - China's short-term foreign borrowing as a proportion of its total outstanding foreign debt has hit a record 57.5 percent by the end of March.

China, India to lead world economic front - - China and India are the new engines of world economic growth, replacing the United States and other developed countries, International Monetary Fund managing director Rodrigo Rato said Tuesday.

India growing but living standards still poor - - Hong Kong, Taiwan and Singapore households enjoy the highest living standards in the Asia-Pacific while those in emerging powerhouses China and India remain poor, according to an Asian Development Bank (ADB) survey Tuesday.

Asian Stocks Decline, Led by Macquarie Bank, Sony on U.S. Subprime Rout  - - Asian stocks fell after a U.S. lender said it lacks cash to fund new loans, reigniting concerns that a decline in the country's subprime loan industry will curb growth in the world's largest economy.

Macquarie Says High-Yield Fund Investors May Lose 25 Percent; Shares Slump  - - Macquarie Bank Ltd., Australia's largest securities firm, said investors in some of its high-yield funds may lose as much as 25 percent of their money amid the fallout in U.S. subprime mortgages. The bank's stock slumped.

Asia Genesis Hedge Fund Increases Cash Holdings to Pare Risk, Avoid Losses  - - Asia Genesis Management, a hedge fund based in Singapore that manages about $450 million, said it is shifting some of its holdings to cash to avoid losses as the credit quality of U.S. subprime mortgages deteriorates.

Mizuho Shares Plunge, Leading Japan Bank Shares Lower, as Profit Declines  - - Shares of Mizuho Financial Group Inc. plunged by the most in three years after Japan's second-biggest bank reported profit fell by half in its first quarter. Rival lenders also slumped on investor concern about earnings prospects.

PT Inco's Second-Quarter Profit Surges Sixfold as Price of Nickel Advances  - - PT International Nickel Indonesia, the Southeast Asian country's biggest nickel miner by market value, had a sixfold surge in second-quarter profit as higher prices of the metal helped to boost sales.

Wyeth Says U.S. Federal Court Will Consider Injunction Against Teva, Sun  - - Wyeth said a federal judge will consider the drugmaker's request to bar Teva Pharmaceutical Industries Ltd. and Sun Pharmaceutical Industries Ltd. from selling generic versions of its acid-reflux drug Protonix.

India Unexpectedly Lifts Banks' Cash Reserve Limit to Help Curb Inflation  - - India's central bank unexpectedly ordered banks to curb lending and investment for the third time this year to soak up cash and keep a lid on inflation.

Pakistan's Central Bank Raises Key Interest Rate to Highest in Five Years  - - Pakistan's central bank unexpectedly raised its benchmark interest rate to the highest in more than five years after inflation exceeded its target.

Asian Stocks Decline, Led by Macquarie Bank, Sony on U.S. Subprime Rout  - - Asian stocks fell after a U.S. lender said it lacks cash to fund new loans, reigniting concerns that a decline in the country's subprime loan industry will curb growth in the world's largest economy.

Nikkei, Topix Tumble; Mizuho, Banks Fall on Drop in Profits; Kyocera Slips  - - Japanese stocks fell after Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. said their quarterly profit dropped because of increasing credit- related costs.

Mizuho Financial Shares Plunge, Leading Bank Shares Down on Profits Slump  - - Shares of Mizuho Financial Group Inc. plunged by the most in three years after Japan's second-biggest bank reported profit fell by half in its first quarter. Rival lenders also slumped on investor concern about earnings prospects.

Japan Is Facing Pressure From Asia-Pacific Ministers Over Yen Carry Trade  - - Japan's Finance Minister Koji Omi is likely to face pressure over the value of the yen from economies as diverse as South Korea and New Zealand at a meeting of 21 Asia- Pacific policy makers in Australia starting today.

Yen Strengthens for a Second Day as Widening Debt Losses Curb Carry Trade  - - The yen gained for a second day versus the euro on concern losses from U.S. mortgages will prompt investors to pare riskier investments funded by loans in Japan.

Japanese Land Price Growth Quickens to 8.6 Percent, Second Year of Gains  - - Japanese land prices rose 8.6 percent last year, more than nine times faster than in 2005, when a 16- year property slump ended because of a rebound in the world's second-largest economy.


Got Gmail? Got it on your mobile? KDDI to offer Google mail for free - - KDDI Corp. will offer an e-mail service based on Google Inc.'s Gmail, expanding an existing alliance to win customers in the $ 75 billion wireless market, KDDI said Monday.

Mitsubishi Motors reports smaller shortfall for quarter - - Scandal-marred Mitsubishi Motors Corp. said Monday its losses for the April-June quarter shrank to 8.23 billion yen from the same period last year, boosted by growing sales in North America, Europe and Asia.

Asian Tourists Love to Click and Go - - Expect huge growth in the region's tourism through the end of the decade, thanks to rising incomes and the popularity of travel booking sites

Malaysia Cracks Down on Camera Phones - - The ban on such devices in government buildings is designed to protect national security

HP Brings Online Photo Printing to Asia - - Singapore on July 30 got a local version of the Snapfish online photo service

China to raise reserve requirement ratio again - - China will raise the reserve requirement ratio by half a percentage point to 12 percent for commercial banks from Aug. 15, the People's Bank of China (PBOC) announced on Monday.

Heavy polluters to be banned from obtaining bank loans - - China's environment watchdog is to draw up a blacklist on high-energy consuming and polluting industries that will effectively ban them from obtaining bank loans.


China National, India's Reliance Win Oil Exploration Permits in Australia  - - China National Offshore Oil Corp., the nation's largest offshore oil producer, Total SA and India's Reliance Industries Ltd. won oil and gas exploration permits in Australia.

Jet Airways's Datta Says Benefits of Gains in Currency to Slow in Future  - - Jet Airways (India) Ltd., the nation's biggest domestic carrier, said gains from an appreciating rupee will be ``marginal'' this financial year after unexpectedly posting a profit in the first quarter.

Bombay Stock Exchange Sensitive Index Rises, Led By Reliance and Larsen  - - India's benchmark stock index, the Mumbai Stock Exchange Sensitive Index, rose 0.91 percent at 10:00 a.m.

Government Bond Yields Hold at Lowest in a Week Before Decision on Rates  - - India's 10-year bond yields held at the lowest in a week as economists forecast the central bank will leave interest rates unchanged at the end of a quarterly monetary policy review today.

Dollar Heads for Monthly Drop Against Euro Before Consumer Spending Report  - - The dollar headed for a second monthly decline against the euro and the British pound on speculation a U.S. government report today will show slowing consumer spending growth.


BusinessWeek ranks Toyota 6th, Nintendo 44th - - NEW YORK (Kyodo) Toyota moved up by one notch to sixth place and Nintendo advanced markedly to 44th from 51st in BusinessWeek's annual ranking of the Best Global Brands for 2007, according to the latest edition of the business magazine.

Once again, the state needs to butt out - - PROFESSOR Wang Xiaolu sparked an online uproar two months ago by publishing the results of his "grey economy" study in China's leading business magazine, Caijing.

Fad Marketing's Balancing Act  - - In Japan, Pepsi's limited edition flavors can be huge hits

China: Linux Gaining Traction - - As open source software catches on in the mainland, the operating system provider grew 30.9% for the year, despite competition

China Life says profit may double in first half - - China Life, the country's largest life insurer, said its net profit may more than double in the first half of 2007 from a year earlier.

Expert: China should raise resources tax to encourage energy saving - - China should increase resources tax to encourage energy saving and curb environmental degradation, a renowned economist said here Sunday.

Baidu says net profit more than double in Q2 - -, China's leading Chinese language Internet search engine, said its net profit surged 142.7 percent year on year to 141.9 million yuan (18.6 million U.S. dollars) in the second quarter of 2007.

Chinese economy remains in "good shape" - - The Chinese economy remains in good shape despite some problems that appeared as the economy soared in the first half of this year, top Chinese officials said.

China's carmakers set to join forces - - Two of China's State-owned carmakers - Shanghai Automotive Industry Corp (SAIC) and Nanjing Automobile Corp (NAC) - signed a letter of intent on Friday for a much-heralded association.

Paulson Rejects Criticism, Says Talks With China Have Led to Stronger Yuan  - - U.S. Treasury Secretary Henry Paulson, rejecting claims in Congress that he's too soft on China, said negotiations rather than sanctions have led to a faster appreciation of the yuan.

Yangtze Power's Profit Jumps 72 Percent on Output and Sale of Bank Stake  - - China Yangtze Power Co., operator of the world's biggest hydropower project, said first-half profit jumped 72 percent after the company sold shares in a bank and increased electricity output.

PetroChina Shares Fall After Buffett's Berkshire Pares Stake in Company  - - Shares of PetroChina Co. dropped the most in 14 months after Warren Buffett's Berkshire Hathaway Inc. reduced its stake in the nation's biggest oil producer.

China's 2007 Steel Exports May Rise 20 Percent, Slowest Pace in Five Years  - - Steel exports from China, producer of one third of the world's steel, may rise 20 percent this year, the slowest pace in five years, the China Iron and Steel Association said.

Franshion Properties May Raise Up to $424 Million in Hong Kong Stock Sale  - - Franshion Properties China Ltd., the real estate unit of Sinochem Corp., may raise as much as HK$3.31 billion ($424 million) in an initial public offering, according to an e-mail sent to investors.

JSW Steel Plans to Purchase $1.2 Billion Factory in First U.S. Acquisition  - - JSW Steel Ltd., India's fourth- biggest steelmaker, plans to buy a U.S. plant for as much as $1.2 billion, its first purchase in the world's largest economy.

India's Central Bank May Keep Benchmark Rate Unchanged as Inflation Slows  - - India's central bank will probably keep its benchmark interest rate unchanged for a second quarter as slower credit growth helps curb inflation.

Gujarat NRE Resources Sells $8.9 Million Shares to Pay for BHP Coal Mine  - - Gujarat NRE Resources NL, a unit of India's largest non-state producer of steelmaking coal, sold A$10.5 million ($8.9 million) in shares to help fund the purchase of BHP Billiton Ltd.'s Elouera coal mine.

Bombay Exchange's Sensex Rises; Hindustan Unilever Gains as Infosys Falls  - - India's Sensitive Index rose. Hindustan Unilever Ltd., the nation's biggest household-products maker, rose after earnings beat estimates and the company said it would buy back its shares.

Hindustan Unilever Shares Surge After Quarterly Profit, Share Buyback Plan  - - Shares of Hindustan Unilever Ltd., India's biggest household-products maker, rose as much as 7.8 percent after the company said profit surged in the second quarter and it would buy back shares at a premium.

Stocks Climb in Tokyo on Earnings Reports, Led by Steelmakers; Canon Drops  - - Japanese stocks climbed, led by steelmakers after companies including JFE Holdings Inc. reported increased profits and boosted earnings forecasts.

Industrial Production Rebounds From Worst Manufacturing Slump in Two Years  - - Japan's industrial production increased in June, ending the worst manufacturing slump in almost two years and easing concern that growth in the world's second-largest economy may falter.

Yen Erases Rally Against Euro, Dollar After Japanese Stocks Stage Rebound  - - The yen erased gains as a rebound in Japanese stock prices stopped investors from reducing holdings funded by loans in the Japanese currency.

Isuzu Quarterly Profit Rises on Higher Overseas Truck Sales, Weaker Yen  - - Isuzu Motors Ltd., Japan's only independent truckmaker, increased profit 14 percent because of rising demand for trucks in the Middle East and South Africa and as a weaker yen inflated the value of overseas earnings.

Mitsubishi Motors Narrows First-Quarter Loss on U.S. Outlander Sales, Yen  - - Mitsubishi Motors Corp., Japan's most expensive carmaker, narrowed its first-quarter loss as it benefited from a weaker yen and sold more Lancer cars in the U.S.