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December 26, 2007
 

Asia Insider

Keep up-to-date with the latest news from Asia


NEWS  THIS WEEK'S TOP ASIA STORIES

A Rising Rupee Hammers Indian Textiles

The rupee's 11% gain against the dollar has driven U.S. and European retailers to switch their orders to countries with weaker currencies

Inside: This Week In Asia
The rising rupee is ripping into India's textile and apparel industry. The sector is vital to the economy, as it employs 88 million workers (compared with 2 million in info tech). But job losses are mounting as U.S. and European retailers switch their orders to mills in Pakistan, Bangladesh, Sri Lanka, and Vietnam, whose currencies are weaker.

Also in this edition of the Asia Insider: China's shrinking economy; Honda wants to challenge Toyota in hybrids; and Sharp bets ultra-thin is in. Enjoy!


--Cristina Lindblad, Asia Editor

E-MAIL A FRIEND  |  GET RSS  |  SIGN UP FOR OTHER BW NEWSLETTERS

  MORE ASIA NEWS
ASIA INSIGHT
India's Currency Conundrum
An undervalued rupee puts pressure on the monetary system, while a rising currency hurts exporters. Is there a middle ground? Ask China

POLITICS
The Return of Korea's Old Guard
As reform sputters, conservative icon Lee Myung Bak is ready to make a comeback in South Korea's Dec. 19 presidential election

ECONOMICS • From FinanceAsia.com
New Report Cuts China Economy Down a Size
A new Asian Development Bank study suggests that China's gross domestic product on a purchasing power parity basis is 40% smaller than previously thought

AUTOS
Honda Targets Toyota's Hybrid Dominance
The carmaker's CEO wants to boost profits with a new, economical, 2009 hybrid—and with emerging market sales to offset weakness in Japan

AUTOS
Honda's Hottest
Here's a look at some of the cars-current, upcoming, and conceptual-that are powering Japan's No. 2 automaker

CONSUMER ELECTRONICS
Sharp Bets Big on Ultra-thin, LCD TVs
The Japanese company's ability to sell ever-thinner liquid-crystal-display sets will determine whether it can retain brand cachet and keep profits up

INFO TECH • From ZDNet Asia
Asia-Pacific to Spend $154 Billion on IT
China and India will lead the charge, says research firm IDC, with government spending and green IT initiatives fueling some of the momentum

TELECOM • From Telecom Asia
Next-Gen Yellow Pages in Taiwan
Thanks to Chunghwa Telecom, if you're looking for a nearby restaurant that is open at midnight, the operator can find one. You don't even have to know where you are

INSIDE WALL STREET
In China, Focus on Focus Media
In China, Focus on Focus Media

INFRASTRUCTURE
Goldman, Macquarie Take Out Waste Industries
The firms are part of an investor group aiming to boost growth at the sanitation company through a buyout

SMALL BIZ
Does Japan Need the iPhone?
The world's most sophisticated users of wireless technology may be unimpressed by Apple's high-tech gadget

FINANCE
India Investing: From Great to Merely Good
A strong rupee is putting a damper on exports, but domestic spending should give stocks a lift

CORPORATION • From FinanceAsia.com
China Extends Lifeline to Morgan Stanley
China Investment Corp. will help the Wall Street firm weather its losses with a $5 billion capital infusion as CEO John Mack agrees to forgo his 2007 bonus

INVESTING
Wall Street: Cutting Through the Confusion
With uncertainty gripping the market, here's what investors need to know about earnings, the economy, credit, and the housing sector

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BLOGBangalore Tigers >>

openquote

In a new initiative aimed at emerging markets, IBM will invest an extra $1.6 billion between now and 2010. This isn't about the BRIC countries (Brazil, Russia, India, and China) though, where IBM revenues have grown at more than 20% per year over the past three years. Some of the money will go there, but most will go to more extreme emerging markets. closequote


-- Steve Hamm
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