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Lenovo Plans Major Revamp
Computer maker Lenovo said it expects to report a loss for the quarter just ended. The company set layoffs and cuts to executive pay.
Pakistani Chief's Firing Reveals Strains
Pakistan's prime minister fired the national-security adviser, highlighting growing divisions in the government over how to handle the investigation into the Mumbai attacks.
- Complete Coverage: Terror in Mumbai
Thai Premier's Fate May Hinge on By-Elections
Parliamentary by-elections scheduled for Sunday could determine how long Thailand's new prime minister can stay at the helm of this troubled country.
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Tech and Energy Shares Slide in Asia
Asian technology, energy and financial shares led regional markets lower as concerns about the U.S. economy and corporate earnings were reignited. The Nikkei fell 3.9%.
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BOJ Moves to Boost Liquidity
Seeking to boost liquidity in Japan's financial system, the Bank of Japan launched a program that will make cheap money available for the next few months.
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RBS Mulls BOC Stake Sale
Royal Bank of Scotland said it is considering selling its 4.3% stake in Bank of China.
- Another Investor Cuts Bank of China Bet
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TDK to Cut 8,000 Jobs
TDK said it would cut 8,000 workers and post its biggest net loss ever this fiscal year, due to falling orders and a stronger yen.
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China Reassesses Best Path for Its Banks
Decisions by Bank of America and other institutions to sell down their stakes in Chinese banks signal more trouble for Beijing's strategy of using foreign expertise to build its banking system.
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Another Investor Cuts Bank of China Bet
A foundation established by Li Ka-shing, one of Asia's richest men, cut its exposure to China's banking sector.
- Deals: Li Joins Exodus at Bank of China
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Exports Fall Leads Taiwan to Cut Rates
Taiwan's central bank unexpectedly cut its key interest rates by half a percentage point, amid plummeting exports and feeble domestic demand.
- Heard on the Street: Taiwan's Dollar Devaluation
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China Issues 3-G Licenses to Three Firms
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Bank Indonesia Cuts Rate to 8.75%
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Chinese Steelmaker Shows Optimism
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Japan Moves to Revoke Taxes on Foreign Investment
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Thailand Clears Stimulus Plan
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Talks on Daewoo Electronics Fail
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Honda Postpones Opening of Plant
Reliance Refinery Accident Kills 2