Asia Pacific Business News

Chief executive Wal King said that by December 31, 2008, the value of listed investments had fallen by another $200 million since September 30, 2008 as a result of the global financial crisis. "The performance of the group operating companies...

Parliamentary Secretary for Internal Affairs and Communications Tetsushi Sakamoto on Tuesday retracted his controversial remarks that questioned whether unemployed people who took shelter in a Tokyo park over the New Year period really possess the will to work.      Referring to...

Asian stock markets were mostly higher Tuesday, shrugging off lackluster trade in the U.S. and Europe amid growing optimism the world economy will recover later this year. In Tokyo, the Nikkei 225 stock average rose 33.28 points, or 0.4 percent,...

Australia to fall by about 15 per cent in 2009 as producers and importers continue to struggle. With the industry reporting a 3.6 per cent slide in demand in 2008, Holden's executive director of sales and marketing, Alan Batey, said trading...

Toyota , Japan 's biggest carmaker and the world's second-biggest behind General Motors, said today it would close all of its domestic plants for 11 days in an unprecedented attempt to stave off redundancies and shift its stock of unsold...

The mainland stock market began the New Year with a broad rally yesterday, led by the policy-driven auto and steel sectors and a rebound on bourses across the world. The benchmark Shanghai Composite Index rose 3.29 percent, or 59.91 points,...

That's bad news for employees with business expecting to be forced to lay off workers in 2009 as a result. Survey of Investor Confidence shows business endured extremely rough weather in 2008 and this year would be even more challenging,...

Seven airlines, including American Airlines, have sued the Federal Aviation Administration, opposing new regulations designed to reduce flight crew fatigue on long international routes...Court of Appeals in Washington, D.C., questions the validity of the new rules, which affect work rules...

The bold demands from Yoshimi Watanabe, former state minister for administrative reform, reflect increasingly open dissatisfaction within the ruling LDP with the prime minister, who has already seen his support ratings plunge to levels that proved politically fatal to previous...