Bloomberg Asia Financial News

Toyota Extends Global Recalls to 437,000 Hybrids to Repair Faulty Brakes

Toyota Motor Corp. will recall 437,000 hybrid cars globally to fix faulty braking systems on four models, including the Prius, adding to almost 8 million vehicles the company is repairing for separate defects.

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Euro, Asia Stocks Gain on Speculation Europe to Help Greece Tackle Deficit

Stocks rallied, with emerging-market equities recovering from the worst three-day slide in a year, and the euro and commodities gained on speculation Greece will get European help to tackle its budget deficit.

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China's January Passenger-Car Sales More Than Double on Stimulus Demand

China’s passenger-car sales more than doubled in January after the government extended economic stimulus measures, helping boost demand for General Motors Co. minivans and Volkswagen AG sedans.

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Nissan Expects Full-Year Profit, Scraps Net Loss Forecast on China Gains

Nissan Motor Co. predicted a return to profit this fiscal year, scrapping an earlier loss estimate, citing government incentives that boosted demand for the company’s vehicles in China and Japan.

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China's January Surge in Lending Probably Exceeded Fourth Quarter's Total

China’s banks probably made more new loans in January than the previous three months combined as lenders anticipated a credit clampdown by policy makers seeking to stem rising inflation pressures.

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Japan Airlines to Boost American Cooperation After Rebuffing Delta Offer

AMR Corp.’s American Airlines will deepen ties to Japan Airlines Corp. on routes across the Pacific after Asia’s largest carrier by sales rebuffed an alliance offer from Delta Air Lines Inc.

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Asia to Pay Higher Yields at $3 Billion Debt Auctions, Allianz, CIMB Say

Asian developing nations will need to pay the highest yields in at least a month to borrow $3 billion through bond sales this week as central banks prepare to raise interest rates, Allianz Investment Management Ltd. and CIMB- Principal Asset Management Bhd. said.

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India Rejects 1st Genetically Modified Vegetable, Hampering Monsanto Plans

India’s government rejected the nation’s first genetically modified food after protests by farmers, hampering the expansion of seed makers including Monsanto Co. in the world’s second-most populous nation.

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Chalco, Syed Mokhtar to Develop $1 Billion Smelter in Malaysia's Sarawak

Aluminum Corp. of China Ltd. agreed to jointly develop and operate a $1 billion smelter with billionaire Syed Mokhtar Al-Bukhary in Malaysia’s eastern Sarawak state where a $2.4 billion hydroelectric dam is nearing completion.

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Oil to Rise to $75 on `Psychology,' Then Revisit Lows: Technical Analysis

Crude oil is poised to rise to $75 a barrel, recouping a week’s losses, before the market revisits chart support around $70, said National Australia Bank Ltd.

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