Asia shares fall as U.S. shutdown continues
Asian stocks fell on Monday as the U.S. shutdown continued. Tokyo lost 1.22 percent, or 170.99 points, to end at 13,853.32, Sydney fell 0.90 percent, or 46.9 points, to 5,161.1 and Seoul shed 0.13 percent, or 2.56 points, to 1,994.42.
Samsung Electronics forecasts record profits for Q3
South Korean electronics giant Samsung Electronics, which is the world’s biggest mobile phone and TV maker, has forecast record profits for the July to September quarter.
Obama cancels Asia trip
U.S. President Barack Obama has cancelled his trip to Asia because of the U.S. government shutdown.
SE Asia energy demand to increase by more than 80% by 2035
Southeast Asia’s energy demand will increase by more than 80 percent in the period to 2035, a rise equivalent to current demand in Japan.
Growth in developing Asia ‘slowing’ says ADB
Asian Development Bank (ADB) has cut its outlook for developing Asia, citing slower growth in China and India.
Japan to increase sales tax
Japan’s Prime Minister Shinzo Abe has said his government will raise the rate of sales tax to eight percent from 1 April next year.
U.S. firm Kohlberg Kravis Roberts to buy stake in Chinese appliance firm
U.S. investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy a 10 percent share in China’s biggest appliance maker Qingdao Haier.
China’s Factory Output up in August
China’s factory output rose 10.4 percent in August year-on-year, the government says, the fastest increase since March 2012.
Wang Jianlin Named China’s Richest Tycoon
Wang Jianlin has been named China’s richest tycoon by the Hurun Report, which has just released its 2013 China Rich List.
Japan Display Denies Planned IPO
The world’s biggest maker of LCD screens for smartphones and tablet computers, Japan Display Inc., has denied media reports that it plans to raise $2 billion in an initial public offering (IPO).
