Tokyo  Nikkei 10050.00  -0.81%
Seoul   KOSPI  2150.48  -0.96%
Shanghai SSEC  2688.75  -2.96%
Hong Kong HSI 22293.29  -0.68%
Singapore STI  3171.55  -0.36%
Mumbai    BSE 18871.29  +0.80%
Sydney   AORD  4603.80  -1.50% 
 
1. Canon Q2 Operating Profit Drops 30.9%
The quarterly operating profit of the Japanese camera maker fell to US$1B, which was still higher than expected. The firm also raised its annual forecast to US$4.85B after revising to US$4.27B due to the Mar earthquake.
 
2. China Finds 5 Fake Apple Stores in 1 City
The Kunming government took action against 2 of the stores which operated without a business license. But city officials didn't do anything about the other 3 stores, which prominently displayed Apple signs and logos, because they "did not find any fake Apple products for sale".
 
3. Asian Stocks Drop on US Debt Deadlock
Japan's Nikkei 225 was down 0.8% and China's Shanghai Composite Index fell 3% after U.S. political leaders failed to reach a deal to raise Washington's debt limit. Hong Kong's Hang Seng Index slid 0.7%.
 
4. Toyota Global Production Falls 9.2% on Year
The output of Japan's top automaker dropped to 593,839 units, as Honda produced 168,373 vehicles, down 44.5% from a year earlier. Nissan built 419,831 units last month, a gain of 18.5% from the previous year.
 
5. Singapore Jun Inflation Climbs 5.2%
The year-on-year consumer prices increase was up from 4.5% in May. Price dropped 0.2% from the previous month. The central bank expects inflation may be between 4% and 5% this year.
 
6. China Banks Forex Surplus Hits US$43B in June
The State Administration of Foreign Exchange said the banks bought US$$143.6 billion of foreign currency for their clients and sold US$100.5 billion of foreign currency for clients. 
 
7. Megaworld to Invest US$589M to Develop Manila Land
The Philippine property giant will re-develop the 7.1 hectare property of National Police Commission and turn it into 500,000 square meters of office spaces. It bought the land for US$70 million in 2008.
 
8. Bank Danamon to Raise US$587M in Rights Offer
The Indonesian bank owned by Singapore's Temasek will sell 2.1B shares for a discount of as much as 28.1% to the stock's closing price on the last trading day. The bank's tier 1 capital ratio will increase to 17.9%.
 
9. N Korea Official Invited to Visit US for Nuke Talk
U.S. Secretary of State Hillary Clinton invited N Korean Vice Foreign Minister Kim Kye Gwan to visit New York, after Pyongyang met with South Korean representatives on the sideline of a regional forum. 
 
10. Myanmar's Suu Kyi to Meet Government Officials
The 66-year-old pro-democracy leader Aung Sang Suu Kyi will hold her first official meeting with a senior government official since her released last year from 7 years of house arrest.