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Business & Finance

• Beijing Escalates Inflation Battle

  China said it is ready to clamp price controls on daily necessities to bring down inflation, dusting off a measure from socialist central planning in a new sign of alarm by Chinese leaders who have been striving to cool economic growth through more conventional means such as hiking interest rates.

  • Heard: History Lessons From Chinese Inflation
  • China Protests U.S. Green-Energy Probe
  • Price Controls Cloud Investment Outlook

• Korea Moves to Impose New Capital Controls

  South Korea will move to reimpose taxes on foreigners' purchases of local government bonds and may unveil further capital-control steps, in the latest move by an Asian government to stem the flow of money into the region.

• Rolls to Replace 40 Engines

  The extent of Rolls-Royce's troubles with its Trent 900 jet engines emerged amid expectations that oil-leak concerns will mean replacing up to half of all its engines previously installed on Airbus A380s.

• SKS Shares Plunge on Backlash

  Shares of Indian microlender SKS Microfinance dropped nearly 20% on Thursday after the company said debt collections in a key state were hurt by moves to comply with new regulations.

• Tokyo Hits Four-Month High

  Chinese and Hong Kong stocks rebounded after Beijing's announced inflation-cooling measures proved less harsh than expected, while in Tokyo the Nikkei closed above 10,000 for the first time since June.

  • Banks Weigh on Dow
  • MarketBeat: India's Reliance Falls on Accusation
  • Data: Overview | Treasurys | Forex | Crude

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  Euro Rises as Dublin Talks Get Under Way

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  AXA Asia Pacific Directors Recommend AMP Bid

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  Singapore GDP Suggests Sustained Recovery

• Taiwan Economy Slows

• Reliance Communications' Shares Drop on Scam Allegations