WSJ.com: What's News Asia

Geely Plans Broad Expansion for Volvo

Tue, 10 Nov 2009 20:20:26 EST

Geely, the lead bidder for Ford's Volvo unit, has developed a turnaround plan for the auto maker that centers on China but also sets ambitious goals for sales in Europe and North America.

Apple Emerges as Nintendo's Game Rival

Tue, 10 Nov 2009 20:42:51 EST

Nintendo's brass argue that the popular DS hand-held device doesn't compete with the iPhone, but Apple has made clear that it intends to go after Nintendo's turf in the portable-game market.

Nikkei Rises on Machinery Orders

Tue, 10 Nov 2009 20:33:53 EST

Asian stocks rose Wednesday with property trusts in Australia surging and the Nikkei up 0.7% after Japan machinery orders climbed.

SMIC's Chief Resigns After Deal

Tue, 10 Nov 2009 16:00:16 EST

SMIC announced the resignation of its CEO a few hours after the China-based chip maker said it would pay rival TSMC $200 million as part of a deal to settle a legal dispute.

Alibaba's Earnings Drop 20%

Tue, 10 Nov 2009 13:12:30 EST

Alibaba.com's third-quarter profit fell 20% as the company boosted spending to raise the number of users of its online business-to-business platform.

Investa Abandons Australian Office Trust IPO

Tue, 10 Nov 2009 20:24:21 EST

Investa abandoned plans for an IPO, in a sign that investors will be selective in supporting an expected wave of IPOs as the market recovers.

SingTel Profit Climbs 10.1%

Tue, 10 Nov 2009 19:25:35 EST

Singapore Telecommunications said its fiscal second-quarter net profit rose 10.1% on year due to stronger operating revenue and contributions from its regional mobile associates.

JAL May Remove CEO

Tue, 10 Nov 2009 20:01:23 EST

Japanese government officials are considering the removal of JAL's chief executive, even as Tokyo offered to extend more aid to the airline.

Agricultural Bank Sticks to China

Tue, 10 Nov 2009 18:56:43 EST

Agricultural Bank of China's chairman expressed caution about the prospect of taking on foreign strategic investors ahead of a planned IPO.

Maxis IPO Could Boost Malaysia

Tue, 10 Nov 2009 18:32:17 EST

Maxis's $3.23 billion IPO, the biggest ever in Southeast Asia, could bring investors back to the Malaysian market.

Sands China Seeks $1.75 Billion in Loans

Tue, 10 Nov 2009 00:46:52 EST

Sands China, which is raising up to $3.83 billion in a Hong Kong initial public offering, is seeking an extra $1.75 billion in bank loans.

Samsung Loses LCD Patent Case

Tue, 10 Nov 2009 13:20:46 EST

Samsung Electronics has lost a patent infringement case involving liquid-crystal-displays that was brought by Sharp in the U.S.

IPO Considered for Bilfinger Australia

Tue, 10 Nov 2009 19:01:02 EST

Bilfinger Berger could shed its Australian arm in an IPO as it seeks to reduce its construction business.

Korean Air Returns to Profit

Mon, 09 Nov 2009 23:39:17 EST

Korean Air said it swung to a profit in the third quarter on the back of a stronger won and lower fuel prices.

Rival Minicar Inches to India

Tue, 10 Nov 2009 19:57:24 EST

Nissan and Renault reached a tentative agreement with Bajaj Auto to start selling a low-cost minicar in India beginning in 2012.

Changan Auto to Take Over AVIC Assets

Tue, 10 Nov 2009 13:19:03 EST

Changan Auto will take over several car companies owned by AVIC in a restructuring that could indicate the consolidation of China's fragmented automobile sector is gaining momentum.

Singapore Air Hurt by Less Travel

Tue, 10 Nov 2009 06:56:32 EST

Singapore Airlines posted a second-quarter net loss as the global economic slowdown hurt business and leisure travel, but it expects demand to improve.

China Strategic Plans Fundraising

Tue, 10 Nov 2009 16:03:08 EST

China Strategic, which led a consortium to buy AIG's Taiwan unit, plans to sell convertible bonds and new shares, and use borrowings from banks.