ACHIEVER'S CHOICE

China’s situation suggests Asia is on the cusp of its worst couple of years since 1997

Around three out of every five US venture capital companies are now investing outside the country

Even after the 10% surge of shares on Monday, Telkom looks undervalued

Sheds 1.8% at 14,185, Topix loses 1.4% at 1,405

In Hong Kong, the blue-chip Hang Seng Index advanced 0.6% to 24,533.12. Stocks also rose in South Korea, New Zealand, Singapore and China

Wall Street climbed on US government data showing April orders for durable goods beat expectations

The Japanese market fell 1.32%, while Australia, Taiwan and South Korea all closed down more than 1%

The benchmark Nikkei average ended up 203 points at 13,893. The broader Topix index moved up 1.8% by close

The Tokyo market’s steep fall came after Wall Street booked its worst week in three months last week on record oil prices

There is no doubt mark-to-market valuation isn’t perfect, mainly because it is procyclical

But investors still worried it was vulnerable, which is why the stock dropped to just two-thirds of book value—depths it hadn’t plumbed since 1998

Data with the Reserve Bank of India show that, as of 31 March 2007, NPAs in agriculture totalled 20.03% of SBI’s NPAs

Central banks have spent the past 10 years becoming more independent and establishing credibility as inflation fighters

The new legislation’s farm subsidies, by contrast, cost around $60 billion annually and will be paid to farmers earning up to $750,000 in an era of record crop prices

The bank’s interest income for the quarter rose 27.09%; exposure to credit-linked notes in FY08 was Rs1,276 cr

Private equity players say India does not have a track record of launching new molecules or significant proof-of-concept innovations which investors like to see

Magma, which in the year ended 31 March lent Rs3,512 crore, has a total asset base of Rs7,412 crore

I mean, we’re just so big, which gives us enduring strength

Now, the situation is exactly the reverse— while asset prices are coming down, consumer prices are rising

Nikkei slips 32 points to 14,219 levels. However, shippers extended gains on continuing demand for iron ore into China