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Ramadan demand and lowerfeederprices are presenting a short term of hope for Indonesian importers, while Vietnamese importers are finally able to increase their prices as local supplies decline, Dr Ross Ainsworth reports in this month'sSouthEastAsiamarket report. ..Read More

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Crane Co, a U.S.-based industrial conglomerate that supplies payment and merchandising technology to the gaming industry, reported a fourth-quarter netlossof US$28.7 million, compared to a netlossof US$64.0 million in the prior-year period.

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Microchip Technology Inc (NASDAQ- MCHP), a veteran provider of microcontroller, mixed-signal, analog and Flash-IP solutions, recently handed over its 12 Billionth PIC Microcontroller to Hitoshi Tatsuno, Vice President of Operation Management Dept. & Purchasing Dept., Nidec Corporation, a manufacturer of precision motors.

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Sensex logs modest gains as metals hit sweet spot The NSE Nifty ended 0.37% higher at 10,565.30, while the benchmark BSE Sensex closed up 0.28% at 34,427.29.

Sensex logs modest gains in volatile trade, all eyes on Fed meet The BSE Sensex shrugged of its early losses, with IT and telecom stocks leading the recovery, and touched a high of 33,102.74.

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The company imports up to 80 per cent of products for this market and is considering setting up a plant inIndiato meet the growing demand. "We should be close to Rs 600 crore (of revenue) this year inIndia. We would like to double it in three years," Sealed Air MD & VPSouthAsia& Indian Subcontinent Himanshu Jain told PTI.

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Inits biggest overseas acquisition to date, Alibaba will pay about $1 billion to buy a controlling stake in Singapore e-commerce startup Lazada, betting on growth in SoutheastAsia.

Inan interim relief for Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav, the Supreme Court gave an indication that they may be willing to change the judge in the fodder scam case involving the former Bihar chief minister.