CHINA

Asian Stock Market

Asian Shares, Euro Fall Ahead of U.S. Jobs Data

Asian shares and the euro fell on Friday as debt restructuring talks between Greece and its creditors dragged on, undermining sentiment, and investors sat tight ahead of U.S. jobs data that will offer more clues on the health of the world's top economy.

Electric Vehicle Market Competition on a Rapid Rise: Study

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More than 45 auto manufacturers are expected to be competing globally in the electric vehicle market with approximately 75 models by 2015, according to a study from IHS Automotive Supplier Business. Depending on the strength of the global recovery of automotive markets and the speed with which the electric vehicle (EV) models are marketed and the supporting infrastructure, cumulative sales are expected to total 700,000 to 1 million.

Hitachi to reorganize business structure

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Hitachi Ltd said on Friday that it would reorganize its operational structure in April by setting up five new groups, as it looks to accelerate growth in its social infrastructure business and continue overhauling its sprawling operations to boost profitability.
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AMD's CEO Prepares Chipmaker for a Fight

Advanced Micro Devices' new chief executive delivered an enthusiastic pitch in his debut before Wall Street analysts, telling them he was getting the struggling PC chipmaker fit to fight in a quick-changing computer industry.
Louis Vuitton

LVMH Profit Beats Forecasts, Sees 'Excellent' 2012

LVMH, the world's biggest luxury goods group, said the outlook for 2012 was excellent and hiked its dividend after rapid growth in Asia and at its Louis Vuitton brand helped it post a forecast-beating rise in full-year operating profit.
Rupee

Rupee Hits 3-month High

The rupee hit a three-month high on Thursday, encouraged by gains in domestic equities, and after manufacturing data in China and Germany boosted investor appetite in high-yielding emerging market assets.
A Facebook logo is displayed on Kodak photo kiosk during the 2012 International Consumer Electronics Show (CES) in Las Vegas

Facebook Faces Daunting Challenge in Asia

Facebook aims to connect all two billion Internet users. So far it has captured 845 million of them. Of the rest, nearly 60 percent live in Asia and hooking them is going to be a daunting challenge.
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Dow Chemical profit, revenue miss

Dow Chemical Co's quarterly profit and revenue missed Wall Street's expectations as demand for electronics, plastics and coatings plunged, causing the company to slash production and aggressively discount some products.
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Dow Chemical profit misses; shares drop

Dow Chemical Co's quarterly profit and revenue missed Wall Street's expectations as demand for electronics, plastics and coatings plunged, causing the company to slash production and aggressively discount some products.
Facebook Filing for $5-Bln IPO

Factbook: Facebook's Laundry List of Risks

Investors jumped on Facebook's regulatory filings on Wednesday for a glimpse into the company's inner workings ahead of one of the hottest initial public offerings in recent history. But there are also potential downsides.
Director of National Intelligence James Clapper testifies at a Senate Intelligence Committee hearing on Capitol Hill

Hacked Companies still Not Telling Investors

At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures.
Employees work in the international user operations area at the new headquarters of Facebook in Menlo Park

Analysis: Facebook's Daunting Asian Challenge

Facebook aims to connect all two billion Internet users. So far it has captured 845 million of them. Of the rest, nearly 60 percent live in Asia and hooking them is going to be a daunting challenge.
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Online video firm Youku sues rival Tudou: report

Youku.com, China's largest online video company, filed a lawsuit against its No.1 rival, Tudou Holdings Ltd, saying it incurred losses because of claims by Tudou that Youku had misused copyrighted material, the government-run Xinhua news agency reported on Thursday.

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