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2008/08/04

WTO: Why India and China Said No to U.S.

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August 04, 2008
 

Asia Insider

Keep up-to-date with the latest news from Asia


NEWS  THIS WEEK'S TOP ASIA STORIES

WTO: Why India and China Said No to U.S.

Inside: This Week In Asia
Companies pay millions of dollars for the privilege of becoming official Olympic sponsors. But even as the countdown clock starts ticking down the days to the opening ceremonies in Beijing, some of the games' corporate sponsors are saying that this is a marketing exercise they won't likely repeat again. Read this Week's Asia Insider to find out why.

Also in this edition: China and India team up to scupper global trade talks; A makeover for Japan's pachinko parlors; and Why China lags in M&A. Enjoy!


--Cristina Lindblad, Asia Editor

E-MAIL A FRIEND  |  GET RSS  |  SIGN UP FOR OTHER BW NEWSLETTERS

  MORE ASIA NEWS
TRADE
Free Trade After Doha's Collapse
For U.S. trade negotiators, the breakdown of the Doha round of talks adds urgency to bilateral pacts with South Korea, Colombia, and Panama

OLYMPICS COUNTDOWN
China: Bombings Add to Olympics Terrorism Fears
Beijing reacts quickly to claims by the Turkistan Islamic Party taking responsibility for recent attacks and threatening more during the Games

OLYMPICS COUNTDOWN • From Telecom Asia
Secrecy Already Damaging Beijing Olympics
The propaganda, the checkpoints, and now the constraints on communications and IT are already spreading a pall over the Games

OLYMPICS COUNDOWN
NGOs: China Is Breaking Olympics Promises
As thousands of journalists arrive in China, authorities are blocking Web sites of Amnesty International and other groups

TRADE POLICY
WTO: Why India and China Said No to U.S.
Trade talks broke down July 29 as India and China refused to bow to U.S. demands on agricultural subsidies

EYE ON ASIA
Understanding Asia's WTO Stance
The world is probably better off because of lower trade barriers, but poor countries are ill-equipped to protect their farmers from import surges

SECURITY
Bomb Attacks Aimed at India's High-Tech Heart?
The seven blasts in Bangalore don't seem to have been aimed at its tech infrastructure. But such an attack would shake global markets

GLOBESPOTTING
Inside India's IT-Supported Ambulance Service
BW's Globespotting blogger Steve Hamm hitches a ride with a pioneering ambulance service in Hyderabad, which you call by dialing "108"

HUMAN RESOURCES • From ZDNet Asia
Financial Techies Bank on Jobs in Asia
As banks in the West downsize, IT talent is making its way into Asia's financial centers in search of new jobs, say recruiters

OUTSOURCING • From ZDNet Asia
Recession to Boost Outsourcers in Philippines
XMG, the Canada-based research firm, says the U.S. slowdown may help give Philippine outsourcers a lift

TELECOM • From FinanceAsia.com
Mobile Launch Is Bangladesh's Largest
Grameenphone's $150 million IPO could be the deal the country's been waiting for to bring in more international investors

TELECOM • From Telecom Asia
Mobile Gifts a Hit for Korean Telecom Operator
SK Telecom's Gifticon services allows users to wirelessly send gift vouchers for items from Starbucks, McDonald's, and other merchants

CONSUMER ELECTRONICS
Cell Phones Hurt Sony Earnings
Sony blamed mobile-phone unit Sony Ericcson, among other things, for its 39% decline in first-quarter operating profits

GAMING
New Image for Japan's Pachinko Parlors
The traditional game—part pinball, part slot machine—is making a comeback with cleaner digs and an attempted IPO

FINANCE • From China Economic Review
Temasek: The Model for China's Sovereign Wealth Fund?
China Investment Corp.'s structure is similar to Singapore's Temasek, but CIC lags in accountability and transparency, says research firm Monitor

IPO WATCH • From FinanceAsia.com
U.S. Debut for Chinese Education IPO
China Distance Education raises a disappointing $61.25 million and becomes only the third Chinese company to complete a US IPO this year

GLOBAL M&A
Why China Is Behind in Global M&A
A dearth of executives with cross-cultural knowledge and experience managing foreigners poses a big stumbling block, according to McKinsey

INVESTING • From Asian Investor
JF Says a Bear-Market Rally is Coming
The correction that will come after a summer rally will provide good entry points for long-term investors to buy shares, says JF Asset Management

GLOBESPOTTING
Microfinance Exec Critical of Indian Politicians—and NGOs
Former P&G head Gurcharan Das has a lot to say about the state of his country, the surfeit of NGOs, and the failure of government

INFRASTRUCTURE • From Economic Times of India
Mumbai Infrastructure Still Lags Shanghai
Why can't India catch up with other financial capitals? Natural disaster, delays, and government are all part of the problem

AUTOS
Ford: A Toyota Vet to the Rescue
Jim Farley is shaking up a calcified strategy and marketing culture, including giving dealers a real voice. Will it be enough?

NEWS & FEATURES • From Gizmag.com
Honda Goes Green and Sporty
At the British Motor Show, Honda unveils its low-emission roadster concept, the OSM

AUTOS
Roadblocks Ahead for Low-Cost Cars
Indian billionaire Ratan N. Tata, chairman of Tata Motors, has captured the imagination of auto executives and consumers with his ambitious plan to launch the world's most inexpensive car

APPAREL • From Economic Times of India
Fashion Heavyweights Shut India Offices
Timberland closed India sourcing and now Liz Claiborne is considering doing the same, but retailers like WalMart and Target have been scaling up

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  BLOG Eye On Asia >>

openquote

Does China really want foreign tourists at the Games? Given how hard the hard the Chinese government is making it for people to get visas, maybe the answer is no. closequote


--Bruce Einhorn
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