Bloomberg Asia Financial News

Bank of Japan's Loan Program May Resound More With Government Than Economy

The Bank of Japan’s decision to double the size of a liquidity program for banks may prove more effective in placating the government than stemming deflation.

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Asian Stocks, Commodity Prices Rise on Fed Pledge, BOJ Lending Expansion

Stocks rose, sending the Dow Jones Industrial Average to a 17-month high, and commodities rallied as a drop in U.S. producer prices underscored the Federal Reserve’s assessment that inflation is not a threat to low interest rates. The yen and the dollar weakened.

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Google's China Advertising Agents Demand Compensation in Event of Pullout

Google Inc. received demands from advertising agents in China to provide compensation plans for companies threatened to go out of business by a possible shutdown of the U.S. company’s Web site in the country.

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KBC Groep Said to Hire Pradeepkumar From IDFC to Run Indian Fund Venture

KBC Groep NV, Belgium’s biggest bank by market value, is said to have hired G. Pradeepkumar as chief executive officer for its Indian fund management venture, two people familiar with the matter said.

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China Must Pare Stimulus, Raise Rates to Counter Bubbles, World Bank Says

The World Bank indicated that China, the world’s third biggest economy, should raise interest rates to help contain the risk of a property bubble and allow a stronger yuan to help damp inflation expectations.

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Kerry Properties Profit Rises 44% on Valuation Gains in Hong Kong, China

Kerry Properties Ltd., a Hong Kong- based builder controlled by the family of Malaysian billionaire Robert Kuok, said 2009 profit rose 44 percent as the city’s economic recovery boosted real estate values.

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Korea Life Rises on Its First Trading Day in Seoul After $1.6 Billion IPO

Korea Life Insurance Co. rose 7.9 percent on its first day of trading in Seoul after pricing the nation’s biggest initial public offering in four years at 25 percent below the top of its planned range.

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PayPal Starts Partnership With China UnionPay In Bid to Challenge Alibaba

PayPal Inc., the online-payments service owned by EBay Inc., will offer accounts to customers of China UnionPay in a bid to expand in a market dominated by Chinese rival Alipay.

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Qianjiang, China's Water Stocks Rally Most in Shanghai as Drought Worsens

Chinese water companies, led by Qianjiang Water Resources Development Co., rallied the most in Shanghai trading on speculation they will benefit from increased demand as drought spreads across the farm belt.

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Markit Said to Plan Index Tracking Asian Government Credit-Default Swaps

Markit Group Ltd., the London-based provider of bond and derivatives indexes, plans to create a benchmark for credit-default swaps on Asia-Pacific governments, according to six traders familiar with the matter.

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