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Asia News
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Asian Currencies, Bank Shares Surge
Asian currencies and financial-services shares surged as investors regained some appetite for risk, spelling out the early market reaction to the U.S. government's bailout of home-lending giants Fannie Mae and Freddie Mac.
St. George Accepts Westpac Bid
St. George Bank agreed to a sweetened $15.1 billion takeover bid from Westpac, paving the way for the creation of Australia's biggest bank by market capitalization.
Korea Urges Caution on KDB-Lehman Deal
South Korea's Financial Services Commission chairman said now may not be a good time for Korea Development Bank to pursue the acquisition of a stake in Lehman Brothers.
TV Show Could Bring Trouble for Thai Premier
Thai Prime Minister Samak's fondness for spicy curries could come back to haunt him Tuesday when a Thai court is expected to rule on whether he should be disqualified from the premiership for unlawfully hosting a television cooking show while holding office.
Pro-Democracy Camp Keeps Veto Power
Hong Kong's pro-democracy parties retained their veto power in the legislature following an election that slightly eroded some of their previous gains.
Conoco, Origin Energy Set Deal
ConocoPhillips said it agreed to pay up to $8 billion for a half share in the coal seam gas assets of Origin Energy and an associated LNG project.
Tata Compromise Is Unveiled
Protests that surrounded a new Tata Motors plant that will build the world's cheapest car are set to end as the local government and protesters unveiled a compromise over disputed farmland, but Tata said construction will remain suspended.
Attack on Northwest Pakistan Kills 9
Explosions reportedly caused by missiles fired from U.S. drone aircraft hit a house and seminary linked to a Taliban commander in Pakistan, killing at least nine people.
Bhutto Widower Wins Presidency
Asif Ali Zardari won the presidency of Pakistan, continuing the country's shift from military rule.
Reliance Gets Stake in Cricket Site
Reliance ADA has bought a 75% stake in Willow TV, a Web site that lets cricket fans around the world watch their favorite teams play.
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