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Last updated : 2010.03.12, 15h23 (GMT+8) - [Read last refreshed Newsfeed]

What's News Asia

Myanmar Sends Troops to Borders

The military is moving large numbers of soldiers to border areas near China and Thailand in anticipation of possible conflicts with ethnic rebels in those areas before elections this year.

U.S. Plans New Car-Safety Rules

U.S. auto-safety regulators are considering new standards for car brakes, accelerator pedals and "black boxes" that record crash data, the Obama administration's top highway-safety official told Congress.

More Quit Nomura as Bonuses Lapse

Two senior bankers at Nomura have resigned, following the expiration earlier this month of a two-year guaranteed bonus period.

Google Nears Decision on China Censoring

Google could stop censoring its Web-search results in China within weeks, said people familiar with the matter, but the company isn't likely to withdraw from the country entirely.

Nan Shan Deal Funding Probed

Taiwan's government said it is planning to decide on whether it will approve a Hong Kong consortium's long-awaited bid to buy AIG's Taiwan unit by the end of June.

Asia to Lead Air Travel Rebound

The International Air Transport Association predicted a two-speed global upturn, with Asia and Latin America outperforming Europe and North America.

Mitsubishi Wary in China

Mitsubishi Motors is unlikely to accept an opportunity to increase its stake in one of its joint ventures in China because the auto maker wants to preserve cash.

Siam City Bank Sees Deal

Thanachart Bank will buy a 47.58% stake in Siam City Bank in a deal worth $2.08 billion, making it Thailand's second-largest deal in the financial sector.

Bank of China Plans Growth

Bank of China's chairman said he wants to grow aggressively overseas but isn't interested in acquisitions, a sign that China's banks remain wary of investing in foreign financial institutions.

Local Currencies Damp MTN Profit

Africa's largest cellphone-network operator reported a 4.3% fall in full-year net profit despite a rise in revenue as weak local currencies weighed on the company's bottom line.

Hitachi President Vows Profitability

Hitachi's incoming president reiterated his predecessor's vow to make the Japanese electronics conglomerate profitable in the next fiscal year and said he isn't considering additional capital raising.

Nissan's Emerging Market March

The Ides of March has auspicious connotations for Nissan Motor this year, as the first of the auto maker's new global subcompact car, the Micra, will roll off an assembly line in Thailand Friday.

Shenzhen Bank Sees Net Jump

The medium-sized Chinese lender posted a 2009 profit of $736 million, more than eight times the year-earlier level.

Fortis Healthcare, Parkway Strike Deal

India based Fortis Healthcare said that it will buy a 24% stake in Singapore healthcare provider Parkway Holdings for $685.3 million.

Swire Profit Jumps 62%

Swire Pacific posted a 62% increase in its 2009 underlying profit, driven by affiliate Cathay Pacific 's return to profit on fuel-hedging gains and resilient rental income.

ASX Stripped of Oversight

Australia's Senate approved a law stripping exchange operator ASX of its regulatory role, clearing the way for the government to consider ending ASX's near-monopoly.

Sun Hung Kai Profit Surges

Hong Kong developer Sun Hung Kai Properties said first-half net profit was nearly 20 times that of a year earlier on gains from property revaluations.

Myer Posts 38% Net Profit Rise

Myer Holdings said first-half net profit rose 38% as the newly listed Australian department store continues to turn its business around despite slower sales growth.