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Sri Lanka C. bank: Will act to curb rupee volatility
Sri Lanka's central bank on Tuesday said it will intervene in the foreign exchange market through either dollar sales or moral suasion.


World Bank sees high food prices easing
The development lender noted that average food prices in 2011 ended 24 percent higher than in 2010, despite an 8.0 percent drop in the fourth quarter.


Samsung Heavy wins $2.7 bln order in Australia
Samsung Heavy received $15 billion worth of orders last year and aims to win orders totaling $12.5 billion this year.


Rolls-Royce opens largest Asian facility
The Rolls-Royce Seletar Campus will be the only facility outside of the firm’s Derby plant in Britain to assemble, test and produce Trent 900 and Trent 1000 engines, the firm said.


Murdoch's Sun hits back at 'witch-hunt'
Days before Murdoch was due to fly in to reassure staff that he would not close the paper, associate editor Trevor Kavanagh said in an editorial that police were treating staff "like members of an organised crime gang."


Aviation industry warns of trade war over EU carbon tax
The EU imposed its Emissions Trading Scheme (ETS) on airlines flying into the continent despite opposition from over two dozen countries, including India, Russia, China and the United States.


Mitsubishi to stop making cars in W.Europe
With demand in western Europe expected to remain sluggish, carmakers have been shifting focus to eastern Europe and other emerging markets.


IMF sees low impact on Asia from EU crisis
Says in the financial sector, the weak European banks' cutting lending in Asia has not been very damaging.


Honda cuts 2011/12 sales forecast to 3.150 mln
Honda Motor Co slashed its annual profit guidance to the lowest level in three years as it counted the cost of natural disasters in Japan.


Honda cuts 2011/12 sales forecast to 3.150 mln
The company expects to restart production at its Thai car plant by the end of March and normalise output at other Asian plants affected by the floods by April.