Asia
Sands China Raises $2.5 Billion in Hong Kong Offering at Low End of Range Sands China Ltd. and its parent Las
Vegas Sands Corp., the casino company controlled by billionaire
Sheldon Adelson, raised HK$19.4 billion ($2.5 billion) in a Hong
Kong share sale conducted at the low end of the offered range.
Malaysian Economy Shrinks Less Than Estimated as Asia Recovery Strengthens Malaysia’s economy shrank the least
in three quarters as government stimulus boosted consumption and
the global recession eased, strengthening an Asian recovery.
Asia's Stocks Post Biggest Decline in Three Weeks Amid Japan Share Sales Asian stocks fell this week,
dragging the MSCI Asia Pacific Index to its biggest weekly
decline in three amid Japanese share sales, while companies
including Sony Corp. fueled profit concerns.
Japan's Bonds Gain a Second Week on Outlook for Interest Rates, Deflation Japan’s 20-year government bonds
gained for a second week after the central bank held interest
rates near zero amid mounting pressure for it to fight
deflation.
Asian Currencies Drop Amid Capital Controls Risk, Led by Indonesian Rupiah Asian currencies fell this week, led
by Indonesia’s rupiah, on speculation regional policy makers
will restrict capital inflows to prevent appreciation that may
hurt exports.
Reliance Industries Makes an Offer for Control of Bankrupt LyondellBasell Reliance Industries Ltd., owner of
the world’s largest oil-refining complex, made a cash offer to
buy a controlling stake in closely held LyondellBasell
Industries AF, the bankrupt chemicals and fuels maker.
South Korea's State-Run Institute Raises 2009, 2010 GDP Growth Estimates South Korea’s economy will expand
this year, a state research institute said after previously
forecasting a decline, as an improved global economic outlook
helps the nation’s exports.
Obama Says Exports Are Key to U.S. Job Creation, Were Focus of Asian Trip President Barack Obama said he
focused much of his recent week-long trip to Asia on exploring
ways to increase U.S. exports and thereby create jobs.
Rajaratnam's Request to Unseal Accuser Khan's Criminal Case Is Postponed A court hearing to determine whether
a 2001 criminal case against the chief accuser of Galleon Group
founder Raj Rajaratnam will be unsealed was delayed for two
weeks.
China Should Keep New Bank Loans Above $1 Trillion to Help Boost Economy China should keep new bank lending
between 7 trillion yuan ($1 trillion) and 8 trillion yuan next
year to strengthen an economic recovery, said Tang Shuangning,
chairman of China Everbright Group Ltd.
China Coal-Mine Explosion Death Toll Rises to 87, With 21 Miners Missing A coal-mine explosion killed 87
miners and left 21 missing in northeastern China, Xinhua News
Agency said on its Web site.
Indonesia Rescues 243 as Ferry Sinks Off Sumatra in 5-Meter Seas; 25 Die Rescuer workers have picked up 243
survivors and recovered 25 bodies from an Indonesian ferry that
sank off Sumatra island in rough weather today, officials said.
India Bomb Explosions Kill Five, Injure 40 in Northeastern State of Assam Five people were killed and about 40
others injured when two bombs, one strapped to a bicycle,
exploded near a police station in India’s northeastern state of
Assam, a government official said.
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