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LATEST HEADLINES

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China's Web Gets
A Luxury Look
Luxury-goods makers are opening shop on the Chinese Internet in search of wealthy consumers beyond China's urban areas. Armani, Gucci and Burberry are among the brands with plans to cash in on China's growing population of online shoppers.

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China's Lending Spills Over Limits
Lending by lightly regulated financial companies outside of China's formal banking system has ballooned this year, causing increasing headaches for the government in its efforts to manage the economy and control inflation.
Phnom Penh Buckles Under Megagrowth
The deadly stampede in Cambodia's capital last week is drawing new attention to problems arising from the city's dramatic but pell-mell growth.

What’s News —

Business & Finance

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Macau Rejects Sands Request for Rights
Las Vegas Sands said the Macau government rejected an application for rights to a plot of land in the territory's lucrative Cotai area.
Dow's Rally Rolls On
Stocks extended the market's strong start to the month as better-than-expected retail and home sales painted a brighter picture of the U.S. economy.
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Qantas May Sue Rolls-Royce
Qantas Airways said it has taken measures that would allow it to sue Rolls-Royce if a settlement can't be reached over engine failures in its A380 jetliners.
- The Source: More Faith in Rolls-Royce?
Vinashin Seeks Payment Freeze
Vietnam's Vinashin is asking its creditors for a freeze on a $60 million loan repayment due Dec. 20 in a move that could have broad ramifications for the country's financial standing.
Data Shine Light on Winners From Fed Loans
The Federal Reserve disclosed the extent to which it supported foreign banks and U.S.-based investment banks in the worst days of 2008, and the breadth of its lending to other firms.
- Database: Which Companies Received Aid
Japan's Small Cars Bypass Hybrids
Europe's Markets Rise on Economic Data
Japan Business Investment Rises
Sinopec to Join Chevron Gas Project
Australian Regulator Objects to Exxon Deal

Hong Kong

Scandal Hits Hong Kong Jockey Club
For decades, the Hong Kong Jockey Club has been at the peak of politics, business and society in one of the world's richest cities. But a scandal over allegations some were willing to bribe their way into the club is casting an unflattering light on the prestigious institution.
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Cathay Pilots Reject Salary Offer
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Christie's Hong Kong Auction Surges

World

Kan Struggles to Maintain Power
Japanese Prime Minister Naoto Kan struggles, after less than six months in office, to manage a divided parliament and contain a growing fissure within his own ruling party.
Sweden Reaffirms Assange Arrest Call
U.S. Grenade Killed U.K. Aid Worker
Australian National Charged in China

Deals

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Google-Yahoo Japan Deal Wins Approval
Japan's Fair Trade Commission gave the go-ahead to a proposed tie-up between Yahoo Japan and Google, saying the deal wouldn't "immediately" violate antitrust rules.
Pepsi to Buy Russian Drinks Giant
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Singapore Investors Seek CICC Stake

Sports

Reports on the Bids from Zurich
World Cup Headed
To Russia, Qatar
Soccer's world governing body awarded the 2018 Cup to Russia and the 2022 Cup to Qatar, leaving fans in England and the U.S. disappointed.
- News Hub: Russia, Qatar Score World Cup Goals
- Read more from The Daily Fix.

Editors' Picks

China

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China Raters Aim to Better Image
Chinese ratings company Dagong Credit Rating Co. gained global attention with its bearish views on the U.S. government's creditworthiness. But at home, investors don't have much faith in local credit-ratings firms.
China Culture of Secrecy Brands Research as Spying
Hulu Wants to Expand Globally

India

India Court Orders Handover of Tapes
India's Supreme Court ordered the government to hand over tapes that have caused a furor in Indian journalistic circles because of conversations on them between a high-powered lobbyist and some of India's best-known journalists.
India Food Inflation Eases Sharply
HCC to Assess Lavasa IPO in New Year

Markets

Asia Shares Get Boost From U.S., Commodities
sian markets ended higher Thursday, boosted by an overnight surge on Wall Street, a jump in commodity prices that lifted metal and mining stocks, and an extension of recent gains by Japanese exporters.
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Madoff Trustee Sues J.P. Morgan Chase
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Investors Shed Agency Mortgages as Others Scoop Them Up

Tech

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Diller Steps Down as IAC's CEO
IAC and Liberty Media agreed to an asset swap in which Liberty Media gave up its controlling voting power in the Internet-property operator for $220 million. Mr. Dilller is stepping down as CEO but will remain IAC chairman.
Subscriber Content Read Preview

EBay Buys Local Shopping Site
FTC Backs Do-Not-Track System

World

Israeli Forest Fire Kills Dozens
A bus burst into flames as it raced to an Israeli prison during a massive forest fire, killing dozens of prison guards participating in the rescue mission.
Iraq Parades Terror Suspects
U.S. Envoy Tells of India Battle 'Doctrine'

U.S.

Management Blamed in Gulf Spill
BP management policies failed to ensure that decisions made to cut costs in its deep-water drilling operations didn't undermine safety, the staff of the commission investigating the Gulf oil spill said.
House Set to Back Middle-Class Tax Cuts
Offshore Drilling Curbed Again

Life & Style

How Stores Lead You to Spend
While national chains often use discounts to draw crowds, many independent specialty stores compete by broadening their whimsical appeal and learn the science of understanding trend-conscious consumers.
Intense Parenting Comes at High Cost
A Culture Tries to Hold on to Its Roots

Opinion

Information on the Lam
America's latest insider trading case is eerily similar to China's ongoing suppression of market information.
Victor K. Fung: A Changing China Resets World Trade
Barun S. Mitra: Catch a Greenie by His Tail

Market Data Center

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Source: Dow Jones, Reuters

MARKET NEWS

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India Real Time

Analysis and insights from The Wall Street Journal and Dow Jones Newswires on the daily news in the world's largest democracy.

Thomas Keller: Dinner by the Numbers
Nine wines, eight team members and four hours of sleep: a numeric breakdown of Thomas Keller's $813, 11-course, fully booked dinner in Hong Kong.
Peace Potential in Korea Bid
FIFA decision-makers like to note the uniting power of a soccer ball, and according to the leaders of the South Korean World Cup bid, what diplomats haven't been able to accomplish during the 60 years, soccer can.
- U.S. Plays Cash Card With FIFA
- Qatar Challenges FIFA to Make History
- Read more from The Daily Fix.
Asia in Pictures
World AIDS Day, WikiLeaks memos about Pakistan's nuclear program, Myanmar's 90th National Day, and more.
Disney Looks to Make Japan Duffy Craze Global
It's no secret that Japan has a craze for all things cute. Take, for instance, Walt Disney Co.'s Duffy bear, Disney's current "it" character here.
Bruce Lee, My Father
Bruce Lee's daughter seeks to reclaim the martial arts and movie icon for China.
Better Odds of Getting Your Bags
Airlines' investment in better baggage-handling technology is paying off: So far this year, the rate at which airlines lose luggage has improved by a whopping 38% compared with two years ago.
- News Hub: The Bright Side of Baggage Fees