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Asia


Financial News

Stocks, Metals, Currencies Rise on Greek Aid Speculation, Global Recovery Stocks, emerging-market currencies and metals rallied after Germany signaled it may help support Greece’s finances and economic reports showed recovering demand in Asia.

China's Imports Surge 86% as Domestic Demand Aids Global Economic Rebound China’s imports climbed for a third straight month in January, signaling increasing strength in domestic demand that’s aiding the global economic rebound.

Toyota Seeks to Dismiss Consumer Suit Alleging Electronic Throttle Defects Toyota Motor Corp., facing at least 41 class-action lawsuits over sudden acceleration problems, asked a court to throw out the first of those cases, saying the plaintiffs have no basis to sue.

Barclays Japan's Investment Banking Co-Head Hideaki Sunaga Said to Leave Barclay Plc’s co-head of investment banking in Japan, Hideaki Sunaga, is leaving after about a year with the firm, two people with knowledge of the matter said.

Canon Says It Will Stick to $1 Billion Bid for Oce, Defying Hermes, Orbis Canon Inc. said it will stick to its $1 billion offer to buy Dutch printer maker Oce NV, rejecting calls by shareholders including Hermes Fund Managers Ltd. and Orbis Funds to raise the bid.

India Offers Iraq Crude Oil Storage at Terminals to Be Built in Two Years India is building terminals to stockpile crude oil and has offered Iraq the use of some of the space as part of negotiations to secure supplies from the holder of the world’s third-largest reserves.

Fancl Aims to Expand Cosmetics Sales in China to Half Its Revenue by 2015 Fancl Corp., a Japanese cosmetics maker, said it expects to earn about 10 percent of its sales in China this fiscal year and use the market as a base to expand exports to half of its revenue within three to five years.

Philippines Said to Seek 100 Billion Yen in Debt Sale, Twice Initial Plan The Philippines is seeking to raise as much as 100 billion yen ($1.1 billion) from a sale of 10-year Samurai bonds, twice the original plan, according to a person familiar with the matter.

Bangladesh to Deploy Floating Unit to Speed Up LNG Imports Amid a Shortage Bangladesh, which has delayed exploration awards to ConocoPhillips and Tullow Oil Plc after disputes with neighbors, may deploy a floating liquefied natural gas unit this year to plug a shortage of gas, an official said.

General News

Sri Lanka Calls April Elections; Parliament Dissolved After Fonseka Arrest Sri Lanka will hold general elections in April as President Mahinda Rajapaksa dismissed parliament a day after the arrest of Sarath Fonseka, the defeated opposition candidate in January’s presidential ballot.

China Names Vice Premier Food Commission Head After Melamine Milk Recall China established its most senior commission on food safety, headed by Vice Premier Li Keqiang, after authorities were forced to recall more than 170 tons of milk powder tainted by the chemical melamine.

Philippines' Villar Says His Debt Equipped Him to Handle Nation's Finances Philippine tycoon Manuel Villar, tied for first place in his country’s presidential race, said the best man for the job is the one who’s had the most debt.



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