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Myanmar Wants to Be the Next TigerMyanmar's cheap labor, abundant mineral wealth, and agricultural promise could finally be tapped if Washington decides upcoming elections are fair
BusinessWeek | 29-Mar-2012 18:50
China Web Stocks Surge
Youku Inc., owner of China’s most-popular online video site, plans to acquire competitor Tudou Holdings Ltd
BusinessWeek | 13-Mar-2012 09:36
The Cost of Rebuilding Japan
Zeb Eckert looks at the cost of reconstructing Japan as machinery orders rebound
BusinessWeek | 12-Mar-2012 11:19
The Cost of Rebuilding Japan
Zeb Eckert looks at the cost of reconstructing Japan as machinery orders rebound
BusinessWeek | 12-Mar-2012 10:26
U.S. Forces in Japan Recall Response to Disaster
March 11 (Bloomberg) -- One year after a magnitude-9 temblor and tsunami hit the north-eastern region of Japan, members of the U.S. Air Force's search and rescue division recall their experiences as early responders to the disaster. More than 24,500 U.S. troops and about 100,000 of Japan's Self Defense Forces participated in a joint rescue operation that came to be known as Operation Tomodachi. U.S. Air Force personnel spoke with Bloomberg's Jacob Adelman at the Kadena Air Base in the prefecture of Okinawa on Feb. 8. (Source: Bloomberg)
BusinessWeek | 11-Mar-2012 07:21
Dairy Queen to Expand in China, Thailand
March 8 (Bloomberg) -- International Dairy Queen Inc., the ice-cream maker owned by Warren Buffett’s Berkshire Hathaway Inc., plans to expand in China and Thailand to take advantage of opportunities in developing countries. Dominic Chu reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
BusinessWeek | 08-Mar-2012 16:17
China Will Have to Ease Property Restrictions, Analyst Says
March 7 (Bloomberg) -- Shen Minggao, head of China research at Citigroup Inc., talks about the nation's economy and property market. Finance Minister Xie Xuren said the nation may expand property-tax trials, as the government prolongs efforts to cool the real-estate market, make housing affordable and limit asset bubbles. Shen speaks with John Dawson on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
BusinessWeek | 07-Mar-2012 03:53
China Consumers Big Business for U.S. Companies
March 5 (Bloomberg) -- Bloomberg's Sheila Dharmarajan reports on opportunities for U.S. companies to take advantage of the Chinese government's move to consumption. The nation’s economic growth target was pared to 7.5 percent from an 8 percent goal in place since 2005, a signal that leaders are determined to cut reliance on exports and capital spending in favor of consumption. She speaks on Bloomberg Television's "In The Loop."
BusinessWeek | 05-Mar-2012 16:16
Asian Stocks Enter Bull Market as Central Bankers Spur Recovery
Asian stocks entered a bull market yesterday after central-bank easing from the U.S. and Europe to China and Japan fueled the fastest rally in more than two years.
BusinessWeek | 01-Mar-2012 01:19
AIJ Suspension Undermines Japan Pensions Hedge Fund Appetite
The suspension of AIJ Investment Advisors Co.’s operations amid concerns hedge funds it manages had lost pension money may undermine plans by Japan’s retirement funds to boost returns to meet demand in an aging society.
BusinessWeek | 01-Mar-2012 01:18
Nuclear-Free Summer Looming Over Japan’s West Is Growth Risk
Japan’s economic rebound from the deepest contraction among advanced nations after Greece and Portugal may be stunted this year as power shortages threaten its western region.
BusinessWeek | 01-Mar-2012 01:17
SJM in Advanced Talks for New Casino as 2011 Profit Climbs 49%
SJM Holdings Ltd., Asia’s biggest casino company, said it’s in advanced talks with the Macau government to build a new casino after 2011 profit rose 49 percent.
BusinessWeek | 01-Mar-2012 01:17
Iran Suffers ‘Crippling Effect’ of Sanctions on Trade, Banking
The cascade of U.S. and European sanctions imposed on Iran is crippling its ability to export oil and conduct trade, hitting the Gulf state’s economy and stoking internal dissent, sanctions specialists and U.S. officials say.
BusinessWeek | 29-Feb-2012 23:37
Syrian Forces Pound Towns as UN Officials Meet on Violence
Syrian forces pounded towns where opposition is concentrated as United Nations officials prepared to discuss ways of bringing a halt to almost a year of violence.
BusinessWeek | 29-Feb-2012 23:30
Iran to Take Gold Payments From Trade Partners, Agency Says
Iran will accept payments from trading partners in gold in addition to dollars and other currencies, central bank Governor Mahmoud Bahmani said, according to the official Islamic Republic News Agency.
BusinessWeek | 29-Feb-2012 23:29
Consumer Stocks Gain in Month on Growth Outlook: China Overnight
Chinese equities traded in the U.S. posted a second monthly gain, led by companies dependent on domestic consumption, on prospects the government will take further steps to bolster the economy after lowering reserve requirements on banks for the second time in three months.
BusinessWeek | 29-Feb-2012 23:28
China Showdown Over Property Curbs Simmers After Wuhu Retreat
China’s local municipalities will press on with efforts to ease property curbs that have slowed the land sales they rely on for revenue, even after two cities retreated in the face of opposition from the central government.
BusinessWeek | 28-Feb-2012 23:15
Muddy Waters Losing Support in Stock Market on Latest Calls
Carson Block, the short seller and analyst who sparked a 74 percent drop in Sino-Forest Corp. shares when he said the company misstated its business, is finding it harder to attract believers to his latest research.
BusinessWeek | 28-Feb-2012 23:14
AIJ Lured Pension Fund With Nomura Pedigree, 7% Return
A Japanese pension fund said it invested with AIJ Investment Advisors Co., whose business has been suspended by regulators, because it was run by a former Nomura Holdings Inc. manager and offered 7 percent returns.
BusinessWeek | 28-Feb-2012 23:11
Chinese Tower May Add Floors to Be Tallest After Burj Khalifa
Shanghai Greenland Group said it may add more floors to China’s second-tallest building under construction to turn it into the highest in the world after the Burj Khalifa in Dubai.
BusinessWeek | 28-Feb-2012 23:07
China's Charm Offensive: One Child Only, Pretty Please
With a new program, messaging on rural population control in China tries to get politically correct
BusinessWeek | 28-Feb-2012 17:47
The Boat From Hell Brings Slavery to the High Seas
Bloomberg Businessweek's E. Benjamin Skinner reports on Asian fishing ships using workers as slaves from a story in this week's edition of Bloomberg Businessweek.
BusinessWeek | 28-Feb-2012 13:41
A Comeback for Chairman Mao's Limo
Chairman Mao Zedong’s Red Flag limousine is making a comeback after a $280 million overhaul, seeking to regain its standing as the ride of Chinese leaders from Volkswagen AG’s Audi.
BusinessWeek | 28-Feb-2012 11:52
China Lures U.S. Pilots Tired of 14-Year Wait for Captain’s Seat
Kent John Krizman has spent 13 years as a co-pilot at American Airlines. For a chance to move across the cockpit, he’s ready to take a job in China.
BusinessWeek | 28-Feb-2012 11:52
China’s Billionaire Congress Makes Its U.S. Peer Look Poor
The richest 70 members of China’s legislature added more to their wealth last year than the combined net worth of all 535 members of the U.S. Congress, the president and his Cabinet, and the nine Supreme Court justices.
BusinessWeek | 28-Feb-2012 11:49
Euro Strengthens Before ECB Lending as Bond Risk, Oil Decline
The euro strengthened and bond risk declined before the European Central Bank provides a second round of unlimited funds tomorrow to support banks. European stocks pared gains, while Brent crude fell for a second day.
BusinessWeek | 28-Feb-2012 11:49
Vietnam’s Skyscraper Keangnam to Drive Hanoi Rents to 5-Year Low
Vietnam’s Keangnam Hanoi Landmark Tower, the tallest in Southeast Asia after Petronas Towers, is boosting prime office space in the capital Hanoi by half and threatening to drive rents to a five-year low.
BusinessWeek | 28-Feb-2012 11:48
iPhone Smugglers Bringing Cheap Devices to China
Feb. 28 (Bloomberg) -- Bloomberg's Emily Chang reports on Chinese customs officials announcing the arrest of a man attempting to smuggle 30 iPhones into mainland China. Authorities have seized more than 3,000 devices this year. She spoke yesterday on Bloomberg Television's "Bloomberg West."
BusinessWeek | 28-Feb-2012 11:42
China Gives Economic Lifeline to Spain
Though they account for less than 3 percent of Spain’s immigrants, Chinese make up nearly 23 percent of the country’s foreign-born entrepreneurs
BusinessWeek | 27-Feb-2012 23:45
Muddy Waters Losing Support in Stock Market on Latest Calls
Carson Block, the short seller and analyst who sparked a 74 percent drop in Sino-Forest Corp. shares when he said the company misstated its business, is finding it harder to attract believers to his latest research.
BusinessWeek | 27-Feb-2012 23:34
China Lures U.S. Pilots Tired of 14-Year Wait for Captain’s Seat
Kent John Krizman has spent 13 years as a co-pilot at American Airlines. For a chance to move across the cockpit, he’s ready to take a job in China.
BusinessWeek | 27-Feb-2012 23:31
BP Preparing New Plan With Reliance for India’s Biggest Gas Area
BP Plc said it’s developing a new plan with partner Reliance Industries Ltd., operator of India’s biggest natural gas deposit, to develop discoveries in the area simultaneously instead of in phases.
BusinessWeek | 27-Feb-2012 23:28
Zinc Glut Rising to Two-Decade High Threatens Rally: Commodities
The largest glut of zinc in almost two decades is threatening to curtail a rally in prices as record production expands inventories to the highest since at least 1984.
BusinessWeek | 27-Feb-2012 23:28
A Comeback for Chairman Mao's Limo
Chairman Mao Zedong’s Red Flag limousine is making a comeback after a $280 million overhaul, seeking to regain its standing as the ride of Chinese leaders from Volkswagen AG’s Audi.
BusinessWeek | 27-Feb-2012 21:03
Elpida Memory Files for Bankruptcy After Chip Prices Plunge
Elpida Memory Inc., the Japanese chipmaker facing an April deadline to repay debts, sought bankruptcy protection in the country’s largest filing in two years as prices for its main product plunged to a record low.
BusinessWeek | 27-Feb-2012 10:54
Syria Tallies Ballots After Vote Amid Bombardment of Cities
Syrians officials are counting ballots after a referendum on a new constitution that pledges to introduce political pluralism after almost a year of violence between protesters and the forces of President Bashar al-Assad.
BusinessWeek | 27-Feb-2012 10:53
Takeda’s TAK-875 Fights Diabetes as Well as Older Drug in Study
Takeda Pharmaceutical Co.’s experimental diabetes drug lowered blood sugar as much as an older generic medicine with fewer side effects, a company- sponsored study found.
BusinessWeek | 27-Feb-2012 10:51
Bullish Futures Exceed 1 Million First Time in 2012: Commodities
Bullish commodities futures rose above 1 million contracts for the first time in five months as U.S. growth prospects improved and Goldman Sachs Group Inc. predicted further price gains.
BusinessWeek | 27-Feb-2012 10:46
Global Luxury Brands Face Chinese Rivals
Global brands from L’Oreal SA to Gucci face new competition in their race for a share of the $33.7 billion Chinese luxury market: homegrown Chinese brands.
BusinessWeek | 27-Feb-2012 07:02
TPG's Bid for Billabong at Risk
Billabong International Ltd. is so beaten down that potential buyers could top TPG Capital’s offer for the Australian surf-wear company and still pay the lowest valuation for an apparel deal on record.
BusinessWeek | 27-Feb-2012 06:07
Yingli Leads Index Drop as Slowdown Hits Profit: China Overnight
Chinese stocks traded in the U.S. dropped last week, led by Yingli Green Energy Holding Co. and E- Commerce China Dangdang Inc., as the slowing economy ate into company profits and fraud concerns resurged.
BusinessWeek | 27-Feb-2012 00:03
Mao’s Red Flag Returning to Drive China Leaders From Audi: Cars
Chairman Mao Zedong’s Red Flag limousine is making a comeback after a $280 million overhaul, seeking to regain its standing as the ride of Chinese leaders from Volkswagen AG’s Audi.
BusinessWeek | 27-Feb-2012 00:03
China’s Billionaire Lawmakers Make U.S. Peers Look Like Paupers
The richest 70 members of China’s legislature added more to their wealth last year than the combined net worth of all 535 members of the U.S. Congress, the president and his Cabinet, and the nine Supreme Court justices.
BusinessWeek | 27-Feb-2012 00:02
China May Double Rare Earth Exports as Demand Rebounds on Price
China, the biggest supplier of rare earths, may almost double exports this year and meet quotas set by the government as lower prices stimulate demand.
BusinessWeek | 27-Feb-2012 00:02
Billabong Low Value Prompts Wonder What TPG Bid Knows: Real M&A
Billabong International Ltd. is so beaten down that potential buyers could top TPG Capital’s offer for the Australian surf-wear company and still pay the lowest valuation for an apparel deal on record.
BusinessWeek | 26-Feb-2012 21:11
Global Luxury Brands Face Chinese Rivals
Global brands from L’Oreal SA to Gucci face new competition in their race for a share of the $33.7 billion Chinese luxury market: homegrown Chinese brands.
BusinessWeek | 26-Feb-2012 16:33