THAILAND

Thaksin returns to Thailand to cheers and tears

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Ousted Thai Prime Minister Thaksin Shinawatra made an emotional return from exile on Thursday, preaching reconciliation and forgiveness in a country still polarized by his five years in elected office. We can certainly have various opinions on various things, but we shall not be divided, the former telecoms tycoon told a packed news conference after arriving from Hong Kong.

Japan Stocks Dip

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Japanese stocks slumped into negative territory after data showed machinery orders fell more than three times faster than expected in December.
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Mazda Q2 profits rise, keeps forecasts on weak yen

Mazda Motor Corp posted a 1.5 percent rise in quarterly operating profit as a weaker yen, cost cuts and sales growth offset a cutback in shipments to North America, and kept its full-year profit forecast unchanged.
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Nipping into Argentina

Canadian lobster and tuna fisherman Everett Condon had never traveled further south than the United States until this year, when he spent his off-season going to tango shows and getting plastic surgery in Argentina.
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DBS chief quits as shares fall, Asia drive slows

Singapore lender DBS Group's chief executive resigned on Monday, after a run of bad news battered the company's share price, leaving an unfulfilled quest to make the bank a big Asian player.
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Growing pains dim India's outsourcing edge

Indian outsourcing companies are shifting some of their operations to China, the Philippines, Vietnam and Kenya in a bid to stay competitive as higher wages, expensive property prices and a rising rupee eat into profits.
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One-Two-Go, one of Thailand's first budget fliers

One-Two-Go, the budget airline whose jet crashed on the Thai resort isle of Phuket on Sunday, killing 88 people, was one of the first low-cost operators to spring up in the southeast Asian tourist haven.
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Tsunami warning issued after quake hits Sumatra

A powerful earthquake measuring 8.2 struck Indonesia's Sumatra region on Wednesday, triggering tsunami warnings in the Indian Ocean and sparking panic in coastal areas across southeast Asia.
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Firms, banks begin to shed subprime caution

Companies showed signs of shrugging off the caution that has enveloped the world economy since a credit crisis broke, as investors looked on Tuesday to U.S. data to gauge the likelihood of a Federal Reserve rate cut.
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Economic policy mistakes hurt Iraq: U.S. official

Years of economic policy mistakes after the fall of Saddam Hussein left unemployed young Iraqis easy targets for recruitment by al Qaeda and other insurgents, a U.S. Defense Department official said on Sunday.
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India, China lagging behind in economic well-being: ADB

Asia's two economic powerhouses, India and the People's Republic of China (PRC), are lagging behind in terms of economic well-being and living standards, despite accounting for 64 percent of GDP in a surveyed list of 23 Asian countries, a new study by the Asian Development Bank has revealed.
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Honda to ramp up global production

Honda Motor Co. announced on Wednesday that it plans to build new plants and increase car output as the Japanese carmaker ramps up global capacity to meet the growing demand for its fuel efficient models.
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New sweet crudes to put Asia market under pressure

Some 120,000 barrels a day of new high-quality, low-sulphur oil will start flowing from Asian fields this quarter, putting strong regional crude differentials under some pressure and boosting light product yields.
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Texas Pacific seen bidding for UTAC: sources

U.S. private equity firm Texas Pacific Group is expected to bid for Singapore's microchip-testing firm United Test and Assembly Center as part of a consortium, banking sources said on Tuesday.
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Ten years on, impact of Asian crisis lingers

From depressed investment to bulging foreign exchange reserves, Asia's economies are still deeply marked by the legacy of the financial crisis that engulfed the region a decade ago.

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