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2008/12/02

Terror Attacks Stagger the New Mumbai

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December 02, 2008
 

Asia Insider

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


NEWS  THIS WEEK'S TOP ASIA STORIES

Terror Attacks Stagger the New Mumbai

The reputation of the rising Asia financial center is battered after terrorists kill 190 in the Indian city's latest violent chapter

Inside: This Week In Asia
The new Mumbai, with its busy stock exchange and cosmopolitan nightlife, is a symbol of India's economic aspirations. But the terrorist attacks that rocked the city for three days last week could mar its reputation and trip up an already-slowing economy. As this week's Asia Insider points out, Ratan Tata has vowed to rebuild the Taj hotel to its former glory, but it's unclear whether India's financial capital will regain its sheen.

Also in this edition: Toyota bids sayonara to its AAA rating; China cuts interest rates; and Web giant Tencent is a beacon of success in Asia.
--Cristina Lindblad, Asia Editor

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  MORE ASIA NEWS
POLITICS
Terror in India: The Political Fallout Spreads
The investigation of the Mumbai terrorist attacks continues, but pressure is increasing for the Indian government to react forcefully

POLITICS
Jews Targeted in Mumbai
For the first time it's become dangerous to be a Jew in Mumbai, as the murders at the Chabad House make clear

ASIA
Global Economy: No Help from China's Consumers
Hopes that China's growing middle class would ride to the economic rescue have been dashed as Chinese hunker down and save

FINANCE
China Cuts Interest Rates to Boost Economy
Beijing leaders have cut key lending rates to attack China's economic problems. In a society where consumers aren't debt-heavy, will it help?

TOP NEWS
China Losing Luster with U.S. Manufacturers
A new survey finds rising worries about product quality and intellectual-property theft. More U.S. companies are looking to Mexico and their own backyard

CORPORATE STRATEGY
Lessons for Chinese Companies as They Go Global
With the right marketing and human resource strategies, Chinese companies like Haier are taking advantage of the world's slowing economy to emerge as global brands

CORPORATE STRATEGY
China and India: New Innovation and Talent Forces
China and India are catching up quickly with Western nations in providing homegrown talent as well as heavy investment in R&D

INFO TECH
A Chinese Web Giant's Sizzling Success
Tencent's huge lead in instant-messaging makes it one of the most vibrant young companies in Asia

INFO TECH • From ZDNet Asia
Asians are World's Most Engaged Net Users
Young Chinese Internet users spend on average half their leisure time online, with Japanese and Koreans close behind at 40%, a global survey shows

FINANCE
Toyota Credit Rating Cut for First Time in a Decade
Fitch ratings sends the Japanese automaker down to AA from AAA, leaving only five triple A companies in the world

FINANCE • From FinanceAsia.com
Grim Outlook for Japan Economy: Barclays Economist
Japan needs to open up to foreign capital and labor to avoid a double blow from slowdowns in the financial and domestic sectors, says Barclays Capital's chief economist

MIDDLE EAST
Power Player Naguib Sawiris: The View from the Middle East
Maria Bartiromo talks to the Egyption billionaire

POLICY
The U.N.'s Tough Criticism of China on Torture
The United Nations Committee Against Torture issues a new report deeply critical of the Chinese legal system's stand on torture

CONSUMER ELECTRONICS
Goldman Sachs Stalls Panasonic's Sanyo Acquisition
Sumitomo Mitsui Banking still favors a deal. Should Daiwa SMBC agree, Goldman could be outvoted, giving Panasonic control of Sanyo Electric

CONSUMER ELECTRONICS • From Telecom Asia
LG, Motorola, Sony Ericsson Fight for No. 3 Spot
The economic crisis has hit the global handset market, leading to a three-way battle for third place in sales

DESIGN
India's Design Boom
Offshore and domestic customers seek an edge to satisfy India's consumers, who have more money to spend and are demanding better products

DESIGN
Architect Aoki's Office Wins Good Design Award
Jun Aoki, "the most intellectual architect in Japan," wins Japan's top design prize for his off-kilter Tokyo office building, the SIA Aoyama

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  BLOG Eye On Asia >>

openquote

It may have taken Oliver Stone six weeks to recap the $25 million studios spent making "W.", but he fared far better at an auction at Christie's in Hong Kong. He unloaded three works by contemporary Chinese painters, grossing about $4.4 million and coming away with a tidy profit on works he picked up on the cheap in the 90s, before Chinese art became hot. closequote


--Frederik Balfour
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