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US beefs return to Asia a worry

US beefs return to Asia a worry New Zealand farmers are putting on a brave face, but remain nervous about the return of North American beef to the Asian market. Tim Cronshaw reports. Their chief worry is that the purple trading patch created by the discovery of bovine spongiform encephalopathy (BSE) in Canada and the United States will dry up. For 2½ years the Asian market has been almost free of grain-fed beef from North America, allowing grass-fed beef from New Zealand to enter a difficult market. The North Americans are, however, slowly regaining access, and this month the US

Hong Kong-listed ICBC (Asia) H1 net up 18 pct on yr on net interest income

Hong Kong-listed ICBC (Asia) H1 net up 18 pct on yr on net interest income Industrial and Commercial Bank of China (Asia) Ltd said its net profit rose 18 pct year-on-year to 559.92 mln hkd on the back of higher net interest income and widening interest margins. Managing director Zhu Qi said net interest income for the period rose 44 pct from a year earlier to 820 mln hkd, due mainly to the widening of the interest margins by 37 basis points to 1.44 pct and an 11pct increase in interest-bearing assets. Zhu said there is potential for interest margins

Lenovo Grabs Another Dell Exec for Asia

Lenovo Grabs Another Dell Exec for Asia Lenovo Group has snagged a fifth Dell executive in two weeks to help run its business in Asia. On Thursday Lenovo appointed Gerry Smith, 43, as senior vice president of its global supply chain, effective immediately. Smith was previously vice president in charge of Dells Singapore design center and its displays unit. He replaces Liu Jun, who ran Lenovos supply chain group for the past year and is taking a years sabbatical, the company said. Smith is the latest in a string of executives whom Lenovo has poached from Dell as it tries to beef up

Asia stocks up modestly, dlr steadies before Fed

Asia stocks up modestly, dlr steadies before Fed Asian stock markets made modest gains on Tuesday as investors waited for the first policy decision of the Federal Reserve under chairman Ben Bernanke and, more importantly, clues on the outlook for U.S interest rates. Gold held above $566 an ounce, even as the dollar recouped some early losses, while oil stayed just above $64 a barrel as threats of attacks on oil facilities in Nigeria put a floor under prices. The Fed is expected to lift U.S. interest rates to 4.75 percent from 4.5 percent later on Tuesday, in what would be the 15th

Grid computing in Asia remains low, but interest is high

Grid computing in Asia remains low, but interest is high Asia Pacific companies are well of aware of the benefits of grid computing technology but adoption remains low, a recent study commissioned by Oracle said. According to the third Oracle Grid Index research, Asia Pacific leads the world in terms of awareness and readiness to grid computing. However, very few companies in the region are implementing it due to various concerns such as security, difficulties in implementation, and the cost of doing it. The Oracle Grid Index research, done by third-party firm Quocirca, maps the readiness and adoption rates all over the world