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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
Tuesday, July 12, 2005
Kahma, Daiki, and Homac announce merger
by Brian TurnerIn Tokyo, equities markets hit a four-month high, as export-dependent stocks did well once again on good employment news from the United States.
Also, three home centre chains, Kahma, Daiki, and Homac, announced that they will merge by September of 2006. The merger will create the largest retailer in the sector, with assets of around ¥433 billion. Shares in Kahma rose 3.1 percent to ¥1,771 after the announcement, while Daiki was up 9.6 percent to ¥1,274, and Homac gained 9.8 percent to ¥1,143. The retail sub index grew by 0.4 percent on news of the deal.
Nippon Television Network was up 3.5 percent to Y15,940 on a report that it will begin paid internet broadcasting in October.
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