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2008/11/03

Sony Chases Apple's Magic

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November 03, 2008
 

Asia Insider

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


NEWS  THIS WEEK'S TOP ASIA STORIES

Sony Chases Apple's Magic

Even with a former Steve Jobs lieutenant driving innovation, Sony still hasn't captured its rival's cool

Inside: This Week In Asia
After a three-year makeover, Sony is still struggling to get its groove back. The Japanese electronic maker's products get mixed reviews and often don't even work well with other Sony products. To change that, Sony has tapped Apple veteran Tim Schaaff and crowned him software chief. Read this week's Asia Insider to learn how Schaff is trying to turn a lumbering giant like Sony into a nimble player like Apple.

Also in this edition: China's economy continues to lose steam; a gloomy Diwali for India's moguls; and Japanese companies have M&A currency. Enjoy!
--Cristina Lindblad, Asia Editor

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  MORE ASIA NEWS
M&A TRENDS
Japan's Soaring Yen Funds Shopping Spree
On the strength of a surging yen, Japanese companies are making deals around the world

FINANCE
Yen Keeps Rising as Japan Stocks Hit 26-Year Low
Unless the currency suddenly retreats, economists think Japan is headed for a recession. Forecasts, meanwhile, for big exporters like Sony and Toyota are bleak

MONETARY POLICY
Japan Central Bank May Cut Rates to Calm Markets
If policymakers opt for a rate cut, it could help in weakening the yen—and would signal an about-face for the Bank of Japan

CORPORATE STRATEGY
How Asian Companies Can Beat the Recession
At Malaysian Airlines, Toyota, and other Asian companies, managing right in the worst of times is opening doors for the future

FINANCE
Asia's Crisis Is Just Getting Started
With the region dependent on exports to the weakened Western economies, Asian stocks are likely to continue heading south, a Standard Chartered report says

ECONOMICS
Losses Grow as China's Economy Weakens
Premier Wen may be "full of confidence," but another rate cut, disappointing earnings, and struggling manufacturers tell a different story

COMMENTARY
For China and Taiwan, a 'Window of Opportunity'
Beijing and Taipei may be moving toward an accord that furthers economic integration but defers the issue of Taiwan's sovereignty

ECONOMICS • From FinanceAsia.com
Hong Kong Battles Economic Slump
Hong Kong is appointing a task force, including Morgan Stanley's Stephen Roach, to help the city through the global financial crisis

FINANCE
Pakistan's Stock Exchange Needs Life Support
A price floor in August halted the Karachi Stock Exchange. Now all eyes are on a coming $600 million market stabilization package

FINANCE • From Economic Times of India
Crisis Makes for a Dark Diwali for Indian Tycoons
Since Indian stocks peaked in January, companies owned by the the nation's 10 richest businessmen have lost more than $400 billion, an analysis shows

REAL ESTATE • From FinanceAsia.com
Malaysia's YTL Buys Control of Singapore REIT
Malaysian developer YTL is dishing out $189 million for Singapore's Macquarie Prime Reit in the largest Singapore REIT M&A deal to date

MERGERS & ACQUISITIONS • From FinanceAsia.com
Battle for AIG's Philippine Assets Intensifies
Metrobank, the Philippines' largest bank, is the latest contender for Philamlife, one of the jewels in AIG's Asian crown

B-SCHOOLS
UCLA B-School Sees a Surge in Applicants
Going back to school is a profitable use of hard times, says dean Judy Olian. And she thinks many of the applicants may be from Asia

AUTOS • From Economic Times of India
Launch of Tata's Nano Diesel Postponed
Slowed demand and the move from Singur have caused a postponement of the diesel Nano launch, as Tata focuses on the gasoline Nano instead

TECHNOLOGY
Virtual Reality Golf Takes Off in Korea
Nearly 300,000 Koreans play virtual golf regularly, and Golfzon, one of the country's fastest-growing companies, is enjoying the trend

PRODUCT SAFETY
Nestlé Combats China Food Scandals
The Swiss food giant opens a $10.2 million R&D center in Beijing, as multinationals take steps to assure Chinese consumers their products are safe

PRODUCT SAFETY
Wal-Mart Pulls Tainted Eggs from Shelves in China
Melamine contamination has shown up in eggs from Hanwei Group, so Wal-Mart has pulled the brand

SPECIAL REPORT
Asia's Best Young Entrepreneur: And the Winner Is...
Delhi's Vivek Pahwa. He's already on his third startup, a matchmaking site for India's small but growing cadre of divorced people

TECHNOLOGY
China Lags in Space Race
A Chinese satellite lasts only five years in orbit, vs. 18 for a Western-built one. And there's a U.S. ban on exporting tech info

CORPORATIONS
Even Nintendo is Vulnerable to a Strong Yen
The video-game dynamo has lowered its annual profit forecast by 3% because of the yen's sharp rise

OUTSOURCING • From Economic Times of India
India IT Outsourcers Deny Talk of Layoffs
Nevertheless, techies are spooked by job fears as demand for IT services slows

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  BLOG Eye On Asia >>

openquote

The reaction of Korea's financial markets is a reminder of the importance of the Fed's leadership. Without support from U.S. monetary authorities, policymakers of export-driven economies in the emerging world could become helpless to stem capital flight as their countries are so vulnerable to outside shocks. closequote


--Moon Ihlwan
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