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Latest
Asian News
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High Costs, U.S. Sales Hurt Toyota
Toyota's net profit dropped 28% as the strength of the yen, costly materials and slumping U.S. truck and SUV sales offset soaring demand for its fuel-efficient models.
Chrysler, Nissan May Team Up
Chrysler is in talks with Nissan about jointly producing midsize cars, a deal that would put Chrysler on a path to becoming a marketer and seller of cars assembled by other auto makers.
Officials Move to Impeach Musharraf
Pakistan's ruling coalition said it will press ahead with the impeachment of President Musharraf, accusing him of conspiring to undermine the country's transition to democracy.
Anwar Charged With Sodomy
Malaysian opposition leader Anwar Ibrahim was formally charged with committing sodomy, an accusation the politician called "treacherous and malicious."
Bush Arrives in Beijing for Olympics
Bush flew into Beijing, becoming the first U.S. president to attend Olympic Games on foreign soil. The president has said he wants to enjoy the competitions, but also will talk to Hu Jintao about human rights and a host of other bilateral issues.
South Korea Raises Key Interest Rate
Korea raised rates a quarter point, suggesting it thinks rising inflation is a bigger problem than slowing growth.
Financials, Rate Fears Nip Stocks
Asian stocks closed mostly lower Thursday, hurt by financial stocks in Japan and an interest-rate increase in South Korea.
China Eases Currency Rules
China announced changes to its foreign-exchange rules to address surging growth in its hard currency reserves, saying domestic companies can now keep their foreign-currency income overseas and pledging tougher penalties for illicit capital inflows.
Fuel Costs Hurt Cathay Pacific
Cathay Pacific posted a first-half loss of $85 million, as soaring fuel prices offset the Hong Kong carrier's revenue gain amid strong demand.
ICBC Cleared to Open U.S. Branch
ICBC won clearance from the Fed to open a U.S. branch, giving China's biggest bank a long-awaited foothold.
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