Fukushima plant hit by power failure
Japan’s tsunami-hit Fukushima nuclear plant has been hit by a power failure, affecting its cooling systems for spent fuel ponds.
India cuts interest rate
India’s reserve bank has lowered its benchmark repo rate, the rate at which it lends to commercial banks, by 25 basis points in a bid to jumpstart the country’s economy.
Airbus wins record order from Indonesia’s Air Lion
European plane maker Airbus has announced it has received a record order from Indonesia's Lion Air for 234 medium-haul A320 jets.
Tokyo stocks dive on Cyprus bailout
Tokyo stocks fell 2.71 percent at the close Monday after the yen soared on news that Cyprus plans to tax bank depositors as part of a controversial bailout deal.
Lego to build factory in China
Danish toy maker Lego has announced plans to build its own factory in China to serve the rapidly growing Asian market.
Kuroda named BOJ governor
Haruhiko Kuroda is the new governor of the Bank of Japan (BoJ), after Japan’s parliament approved his appointment.
Li Keqiang named China’s new premier
Li Keqiang , who already holds the number two spot in the Communist Party, is now in charge of running the world’s second-largest economy and it is one of the final steps of a landmark power transition.
Golden Agri Liberia project gets $500m loan from China
Singapore-listed Golden Agri Resources Ltd, the world’s second-largest palm oil producer, said Wednesday its Liberia business Golden Veroleum has received a $500 million loan from the China Development Bank.
China names new president
Beijing has confirmed Xi Jinping as president, replacing Hu Jintao who is stepping down after 10 years at the top.
Famous Brands enters India with Debonairs Pizza
JSE-listed Famous Brands has announced its expansion into India, with a pilot Debonairs Pizza restaurant set to open in Mumbai in July 2013.
