Friday, May 1, 2009
South Korean Exports Fall 19%
South Korea's exports fell 19% in April, suggesting export-oriented Asian countries are still being hit hard by the economic downturn, but a record trade surplus should relieve pressure on Seoul's external debt.
Nikkei Trims Gains
Asian share markets were mostly lower in subdued trade with many of the region's exchanges closed. Japan's Nikkei was trimming gains, up 0.3%, after some early support for exporters from a weaker yen.
Some Chip Makers See a Rebound
Major chip makers in Europe and Asia said the industry's woes may hit a bottom, after posting weak results to start the year.
As Giants Step In, Asustek Fights Back
After upending the personal computer industry with a stripped-down laptop, Asustek Computer is scrambling to fight back against encroaching competitors.
Probe Hunts Missing Satyam Funds
More Satyam funds are unaccounted for, according to India's fraud office, which is trying to trace $100 million from the issuance of New York shares.
Citi Sells Nikko Cordial to SMFG
Citigroup sold its Japanese retail brokerage to SMFG, bringing to a close the U.S. firm's ambitions of creating a full-service bank in the world's second-largest economy.
A Revolution Politicians Would Do Well to Back
One of the simplest ways to help the poor is simple, quiet – and very effective, says Paul Beckett, WSJ bureau chief in New Delhi., more
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