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Asia News from The Wall Street Journal Online Mon - Feb, 06 2012

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Channel Title: WSJ.com: What's News Asia
WSJ.com: What's News Asia
Channel Website: http://online.wsj.com

Channel Description: What's News Asia

Channel Copyright: copyright © 2012 Dow Jones & Company, Inc.

 
China Tackles Skepticism Over Helping Europe
Chinese Premier Wen Jiabao offered a forceful justification for helping Europe out of its debt crisis, in remarks that appeared aimed in part at countering public skepticism about using Chinese money to support rich world countries.
...read more

Chinese Leader Backs Land Rights
Chinese Premier Wen Jiabao called for better protection for the land rights of farmers during a visit to Guangdong province, where a reformist leader has grabbed attention by defusing a land dispute with an experiment in local democracy.
...read more

Developing Nations Seek Safeguards for Workers
Indonesia, the Philippines and other developing countries are demanding more rights and higher wages world-wide for their legions of unskilled laborers?a trend that could shake up global labor markets.
...read more

Adelson Cashes In on Turnaround at Sands
A financial turnaround at Las Vegas Sands Corp. is beginning to pay off for chairman and CEO Sheldon Adelson, who during the financial crisis put $1 billion of his own money into the struggling casino operator.
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The Indy Victory Lap No One Expected
For the New York Giants, a season that began under a caution flag ended with victory in Indianapolis, with a stunning 21-17 defeat of New England in Super Bowl XLVI.
...read more

Auto-Industry Ads Score at the Super Bowl
The auto industry won the competition for top Super Bowl ads, according to ad pros and consumers polled by The Wall Street Journal.
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Another Giant Super Bowl Upset
Minute-by-minute analysis of the biggest spectacle in sports, Super Bowl XLVI, with insights from the Journal's team in Indianapolis and celebrity guests. New York came back late to win 21-17.
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Casino Presses Ahead in Florida
Las Vegas Sands and Malaysia's Genting are regrouping after a bill to authorize three casinos in Miami-Dade and Broward Counties stalled last week in the state legislature.
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Asian Shares Rise
Asian shares rose after an upbeat jobs report from the U.S. suggested the recovery in the world's biggest economy was picking up pace, driving cyclical stocks higher and buoying the U.S. dollar. The Nikkei rose 1.2%.
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Greek Party Leaders Struggle to Resolve Overhaul Differences
Greece's political party leaders will resume talks Monday after major differences on draconian reforms as part of an international aid package remained unresolved following a marathon meeting Sunday.
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Battle Develops for Indonesia Mines
Bumi investors sought the removal of Co-Chairman Nat Rothschild, with an eye toward reducing debt and expanding Indonesian coal-mining operations.
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TPG Raises 4 Billion Yuan
Private-equity firm TPG said it has secured about 4 billion yuan (US$634 million) so far as it continues to raise capital for China investments.
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KT Corp's Net Profit Rises
KT Corp. said fourth-quarter net profit rose 13% on year largely due to gains from asset sales, but operating profit fell by nearly 20% on a decline in phone charges.
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After Xstrata, a Mining Merger Pileup
A Glencore-Xstrata merger would create a true rival to global mining heavyweights like Vale, Rio Tinto and BHP Billiton, as well as put pressure on midsize players to either team up or grow through acquisitions.
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Slate of Offerings Face Challenges
After a spate of rocky debuts in the U.S., this week's slate of initial public offerings are going to be facing a tougher pricing environment.
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Itchy Investors Ramp Up the Risk
With interest rates likely stuck near zero for nearly three more years, conservative investors?from retirees and college savers to banks and insurance companies?face a tough choice: move into riskier investments or continue coming up short from low-risk investments that aren't even keeping pace with inflation.
...read more

Pressure Mounts on BOJ to Weaken Yen
Japan's central bank is coming under renewed political pressure to weaken the yen, even after the government was criticized by the U.S. for intervening.
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Profits Showing Weakness
U.S. corporate profits are showing signs of flagging, even as share prices reach multiyear highs. Margins are slipping as already-lean firms find it harder to continue cutting costs.
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Egypt to Charge Foreign Workers
Egyptian prosecutors will bring criminal charges against more than 40 employees of nongovernmental organizations, including at least six Americans, escalating an investigation of foreign groups that has ruptured Egypt's relationship with its most important financial patron.
...read more

U.S. Steps Up Pressure to Oust Assad
?The U.S. called for a new international coalition to drive Syrian President Bashar alAssad from power and end an 11-month uprising that looks poised to enter its bloodiest phase yet.
...read more

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