Asia
Toyota Corolla Steering Complaints Are Being Reviewed By U.S. Regulators Toyota Motor Corp.’s Corolla, the
world’s best-selling car, is being reviewed by the U.S. after
driver complaints about steering, according to a government
spokeswoman.
Commonwealth Bank Forecasts Stronger Demand for Loans After Record Profit Commonwealth Bank of Australia, the
nation’s biggest lender, forecast strengthening demand for loans
and fewer bad debts after posting record profit in its fiscal
first half as the financial crisis abates.
BHP Billiton Posts First-Half Profit of $6.1 Billion, Exceeding Estimates BHP Billiton Ltd., the world’s
largest mining company, said first-half profit more than doubled
after one-time charges for closing mines and plants in Australia
and the U.S. crimped earnings a year earlier.
Temasek Plans $3 Billion Hedge Fund to Boost Returns, AsianInvestor Says Temasek Holdings Pte is planning a
$3 billion hedge fund, AsianInvestor reported on its Web site,
without saying where it got the information.
American Airlines Preserves `Asian Strategy' as JAL Opts to Keep Alliance AMR Corp.’s American Airlines
preserved the Asian portion of its global network by fending off
Delta Air Lines Inc.’s bid to pry Japan Airlines Corp. out of
the Oneworld alliance.
Bharat Heavy to Boost Exports as Rivals Larsen, Toshiba Expand in India Bharat Heavy Electricals Ltd.,
India’s biggest power equipment maker, plans to double exports
as expansions by rivals such as Larsen & Toubro Ltd. and Toshiba
Corp. threaten a supply glut in its main market.
South Korea's Central Bank May Maintain Rate at 2% Amid Political Pressure South Korea’s central bank may keep
the benchmark interest rate at a record low as the government
presses policy makers to stoke the economy before elections.
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 General Sarath Fonseka, the
defeated opposition candidate in January’s presidential ballot.
China Closes Liaoning Yachao, Ice Cream Makers as Melamine Probe Expands China shut three ice cream makers in
the northern province of Liaoning for using materials tainted
with the chemical melamine as the government widens its scrutiny
of dairy-based products.
U.K. Troops Are Overstretched After Iraq, Afghanistan Wars, Lawmakers Say Britain’s focus on fighting in Iraq
and Afghanistan has left troops underprepared and overstretched,
a panel of lawmakers said.
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