Monday, 1 September 2014
Hong Kong Group Vows Fight Over China ‘Puppet’ Poll Plan
Japan Car Sales Fall to Lowest Since 2011 on Tax Increase
Honda Motor Co. new Fit vehicle, left, stands next to the new Fit Hybrid vehicle on... Read More
Vehicle deliveries fell 9.1 percent from a year earlier to 333,471 units, the lowest since August 2011, according to industry figures released today. Sales rose for seven straight months before the April 1 tax increase.
The drop comes amid economic data showing weakness in Japan’s economy. Household spending in July fell 5.9 percent from a year earlier, more than double the expected 2.9 percent decrease. Further declines would run against Prime Minister Shinzo Abe’s efforts to revive the economy, which contracted the most last quarter since the earthquake and
Pakistan’s Army Heads Meet After Protests Turn Deadly
Pakistani policemen take position during a protest near the prime minister's residence... Read More
Pakistan’s military leaders asked political parties to contain a deepening crisis after more than two weeks of anti-government protests turned deadly.
Three people were killed and about 500 injured in clashes between Pakistani police and protesters in Islamabad yesterday as demonstrators moved toward the home of Prime Minister Nawaz Sharif in an increasingly violent standoff over the legitimacy of elections last year. Military leaders in a meeting yesterday reiterated their support for democracy and said the
Pakistan’s Army Heads Meet After Protests Turn Deadly
Pakistani policemen take position during a protest near the prime minister's residence... Read More
Pakistan’s military leaders asked political parties to contain a deepening crisis after more than two weeks of anti-government protests turned deadly.
Three people were killed and about 500 injured in clashes between Pakistani police and protesters in Islamabad yesterday as demonstrators moved toward the home of Prime Minister Nawaz Sharif in an increasingly violent standoff over the legitimacy of elections last year. Military leaders in a meeting yesterday reiterated their support for democracy and said the
Cipla Targets U.S. With Glaxo’s Advair, Anti-AIDS Drugs
Cipla’s top target is a version of GlaxoSmithKline Plc (GSK)’s asthma treatment Advair. It plans to submit an application to the U.S. Food and Drug Administration this year for an aerosol version, Chairman Yusuf Hamied said in an interview. While the U.S. patent on the drug expired in 2010, Glaxo still has protections on the inhalers used to deliver it, and the U.S. is making generic drug makers prove that their devices are as good.
“Generic Advair -- if Cipla gets it through -- it will change the face of Cipla,” Hamied said, without specifying when he expects to start selling his
Iliad Said in Talks With Buyout Firms on T-Mobile US Bid
Iliad SA, led by billionaire founder Xavier Niel, said July 31 it offered $15 billion... Read More
Iliad’s discussions with potential partners may accelerate after Deutsche Telekom indicated it’s willing to negotiate a sale if a bid puts a valuation of at least $35 a share on the business, said the people, who asked not to be identified because the talks are private. The German company hasn’t received a new proposal and there’s no guarantee a higher offer will be made, they said.
The French carrier, which is
Samsung to Merge Shipbuilding, Engineering Arms in Revamp
Samsung Heavy Industries Co. (010140), the world’s third-largest maker of ships, will combine with Samsung Engineering Co. (028050) before the end of the year in a deal valued at about 2.5 trillion won ($2.5 billion), according to regulatory filings from the two companies today. Shareholders of the engineering company will get 2.36 shares in the vessel maker in a merger that’s based on share prices of 26,972 won for Samsung Heavy and 63,628 won for Samsung Engineering, according to the filing.
“This is the start of more restructuring that’s to be expected from
BOJ Officials Said to See Abe Raising Tax as Planned
Shoppers walk through a shopping center in Tokyo. Japan's Prime Minister Shinzo Abe is... Read More
Some officials said the central bank would be prepared to boost stimulus if necessary should the world’s third-biggest economy require more support following a higher levy, said the people, who asked not to be named because the talks are private.
Abe is set to decide by the end of the year whether consumers and companies can bear the tax burden rising to 10 percent. Weakness in production and household spending since Abe lifted the levy to 8 percent in April underscore the risks of his effort to
Draghi’s Deflation Warning and the QE Obstacle Course
The ECB will keep interest rates unchanged at record lowswhen the Governing Council... Read More
The European Central Bank president’s signal that he’s considering large-scale bond purchases raises the question of how to surmount hurdles from political and legal challenges to conflicts with measures announced just three months ago. For policy makers meeting in Frankfurt this week, those factors add to an already complicated debate on how to shore up a euro-area economy that’s edging closer to deflation.
Banks including Nomura International Plc and UniCredit SpA say the odds of QE have increased since Draghi warned at last month’s high-profile
Lesotho Leaders Hold Emergency Talks After Army Tries Coup
Thomas Thabane, Prime Minister of Lesotho.
Deputy Premier Mothetjoa Metsing left Lesotho yesterday for talks with Prime Minister Thomas Thabane and Zuma, Foreign Affairs Minister Mohlabi Tsekoa told reporters in the capital, Maseru. Zuma is head of the Southern African Development Community’s defense, politics and security council. The talks, which began late yesterday, were attended by the foreign ministers of Namibia and Zimbabwe, said Nelson Kgwete, a spokesman for South Africa’s Department of International Relations and Cooperation.
“This morning President Zuma is
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