Bloomberg.com: India & Pakistan. Electronics.

July 15 (Bloomberg) — fell, dragging the region’s benchmark list to the lowest since November 2006, on relevant to widening credit-market losses will ache bank earnings and slow economic growth. and Cathay Financial Holding Co., middle the region’s holders of more than $50 billion of U.S. agency debt, dropped on refer about swelling losses at Fannie Mae and Freddie Mac, which the Treasury Department has pledged to support. mow after Nikko Citigroup Ltd. said the company’s earnings may decline. GS Engineering & Construction Corp. led South Korean builders crop on pondering higher interest rates will dent housing demand. The lost 2.1 percent to 129.61 at 7:20 p.m. Tokyo time, the lowest since Nov. 20, 2006.

All 10 of its determination groups fell, with fiscal stocks accounting for 45 percent of the drop. Seventeen stocks declined for each one that rose on the benchmark gauge. ”Freddie and Fannie are basically quasi-sovereigns and many Asian governments and banks hold their debt,” said , the Singapore-based genius of investments at the private-clients element of Schroders Plc, which oversees about $260 billion globally. ”Nobody expected them to hit up and it’s shaken the foundations.” The U.S. Treasury and Federal Reserve were calculated to collect a rescue plan for Fannie and Freddie on July 13 to stem a collapse of nerve in the two companies, which own or guarantee about half of the $12 trillion in U.S. home loans during the country’s worst dwelling recession in 25 years. Taiwan’s Taiex Index slumped 4.5 percent, the biggest release in the region.

SKorean shares end down on US economic sector woes; KOSPI at 15. Electronics.

SEOUL (Thomson Financial) - South Korean shares slumped on Tuesday, tracking vulnerability across Asia as worries about the U.S. monetary sector intensified and pushed the KOSPI to 15-month lows.

Fears compass in the region that a safety net set up by the U.S. government for mortgage giants Fannie Mae and Freddie Mac won’t governor off further troubles in financial markets, while concerns grew over future financial difficulties at U.S. regional banks.

Netflix deal expands Xbox. Electronics.

The deal with Microsoft also marks an distinguished growth for Netflix, whose 18-month-old streaming service - which supplements its DVD-by-mail program - has been at on computers instead of TVs unless consumers had bought a small streaming device from Roku Inc., a experimental Netflix-backed company. Microsoft has sold more than 10 million Xbox 360 consoles in the United States.

More than half of Xbox 360 owners a score $50 a year for a “gold” membership, which will be required for access to Netflix’s “Watch Instantly” library. They also must subscribe to Netflix, which charges $9 a month for the least precious plan, which includes immense streaming. In partnering with Microsoft, Netflix might be structure the streaming service to prepare for the heyday when the convenience and widespread availability of video downloading could kill its DVD-by-mail service.

High lubricate prices spur demand for low energy electronics. Electronics.

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Tehran times : LG completes S. Korea. Electronics.

The facility, which is the end of some 110 billion won investment by teaming up with the neighbouring government on some 300,000 uptight meters of land, will have a 14-megawatt total output capacity, which is enough to meet the power needs of 8,000 households around the region, a establishment spokesman said. The first plant was built on 193,821 stuffed shirt meters of land with a nine-megawatt production size, while the second plant was constructed on a 108,154 balanced meter lot with five-megawatt capability. The project will make LG the triumph South Korean firm to launch full-scale solar power operations.

In an achievement to cut carbon dioxide emissions, the government is offering incentives to promote solar potency generation. Thanks to this initiative, annual sales from the Taean solar facility will reach at least 13 billion won by selling the fervency to KEPCO for 677 won per kilowatt. “We’ve wrapped up in talks with some foreign companies to construct a solar cell plant on a turnkey basis,” Dennis Ahn, CEO of LG Solar Energy, said in a convergence briefing. “It is expected to take in an additional $285,000 this year as the plant could make the company drain 12,000 tons less of carbohydrates on a yearly basis,” he said, emphasizing the rising demand for solar energy.

Pioneer Corp. to over Blu. Electronics.

TOKYO (Thomson Financial) - Pioneer Corp. will founding selling Blu-ray disc recorders in Japan sometime before March 2009, the establishment said Tuesday, the latest in a string of Japanese electronics makers entering the increasingly competitive sector. Pioneer spokeswoman Kayoko Tanaka said the decisiveness to enter the native Blu-ray market anticipated burgeoning Japanese demand for products in the next-generation video format.

No decree has been made on overseas sales plans, she said. Pioneer will develop Blu-ray DVD recorders with fellow Sharp and sell them under the Pioneer brand targeting high-end consumers, Japan’s first business daily The Nikkei reported earlier Tuesday. Tanaka declined note on the details of the report. Sony Corp., Matsushita Electric Industrial Co., which makes Panasonic name brand products, and Sharp Corp. dominate Japan’s Blu-ray sector, controlling a combined 98 percent sell share, according to The Nikkei.

LG Electronics and Siemens Announce MOU Agreement.

Seoul, Korea.– LG Electronics (LG), a wide-ranging boss and technology innovator in consumer electronics announced that it signed a memo of understanding (MOU) related to integrated building management solutions for commercial circulate conditioning with Siemens, a global leader in electronics and building management systems. Under the MOU, Siemens will become a cardinal supplier for LG, providing its integrated building management solution for Heating, Ventilating and Air Conditioning (HVAC) products. This will appropriate LG to leverage Siemens’ sphere engineering know-how and strategies in building management and control solution, an area where Siemens possesses top-notch technology.

The MOU’s signing was unmistakable with a ceremony held at LG’s digital appliance plant on June 20th, 2008 in Changwon, Korea. LG executives in turnout included Hwan-Yong Nho, Executive Vice President of Air Conditioning Division for LG Electronics Digital Appliance Company; Seok-Jang Seo, Vice President of Air Conditioning Laboratory for LG Electronics Digital Appliance Company; and Innku Hur, Vice President of CAC Business Team for LG Electronics Digital Appliance Company. Siemens executives included Sascha Brozek, Head of Building Technologies and Vice President of Siemens Korea; Dr. Adrian Staufer, Vice President of Siemens HVAC Products Division Asia/Pacific; and In-Sun Hwang, Managing Director of HVP category for Siemens Korea. LG has applied its rare technology and litigious marketing to assemble it a kingpin in the universal commercial zephyr conditioning industry.

Symbian is being challenged by a calculate of new contenders, including the open-source operating system from the LiMo Foundation and Google’s Android platform, Electronics.

It has received thumbs up from Sony Ericsson, Ericsson, Panasonic Mobile Communications and Siemens, which represents about 91 percent of the Symbian shares theme to the offer, according to a utterance from Nokia. Samsung Electronics, a whole stakeholder in Symbian, hasn’t commented yet, but Nokia said it expects the flock to agree to the sale. The deal doesn’t come as a flabbergast to Geoff Blaber, an analyst at CCS Insight.

“Nokia paid out more than $250 million in Symbian sanction fees last year, so it makes commercial sense to believe Symbian for about $410 million, rather than keep paying what is effectively a subsidy to the other shareholders,” Blaber wrote in a fellowship blog. But that isn’t the only explanation: Competition in the mobile phone market is intensifying. “I suppose Nokia was more worried about the risk that Symbian’s structure would erode its competitive position,” said Blaber. Symbian is being challenged by a crowd of new contenders, including the open-source operating way from the LiMo Foundation and Google’s Android platform, which are challenging existing commercial models, according to Blaber.

Mobile leaders to set the expected of mobile free. Electronics.

“DOCOMO welcomes this circumstance and we look forward to moving our Symbian based devices and service onto the Foundation platform. We are also consenting to contribute our MOAP(S) assets to the Foundation. This is a very positive step in further increasing the adoption of the Symbian software and creating an even more open, predictable and complete platform.

The Foundation software will authorize us to enjoy the benefits of a global platform in bringing new, leading-edge services to the Japanese market. It will enhancement efficiency and help us provide our wide customer base with the most advanced plastic experiences.” said Toshio Miki, Associate Senior Vice President, Managing Director of Communication Device Development Department of NTT DOCOMO. “Mobile phones have turned into complex multimedia computers and animated phones continue to grow in popularity,” said Kris Rinne, Senior Vice President of Architecture and Planning at AT&T.

A press by LG could pitch it against , the Chinese white goods maker, which the Financial Times reported this week is also making allowance for a bid. Electronics.

South Korea’s is taking into consideration a bid for appliance business and is likely to hire an investment bank to advise on the deal, according to a individual familiar with the matter. Senior executives at LG have been authorised to prepare a detailed evaluation of the merits of a bid, and recently returned from a fact-finding occupation to the US to study the potential acquisition. Potential bidders with an draw in acquiring the GE operations, which could fetch up to $7bn, span the globe. People affable with the process said that white-goods makers from Asia, Germany, Turkey, Mexico, Sweden and Italy, as well as hidden equity groups, were looking at the business, which had sales of $7.2bn last year, or about 4 per cent of GE’s total.

GE’s appliances separation has been plagued by scanty margins and slim profitability, and has long been considered to be a candidate for disposal. A bid by LG could chuck it against , the Chinese white goods maker, which the Financial Times reported this week is also account a bid. In recent years, Chinese groups have bid for manufacturing companies in the US, seeking to tie the knot their low-cost production facilities with US brands and distribution. Chinese makers of oyster-white goods and consumer electronics have been able to compete not only on price, but also in terms of quality with rivals in Korea and Japan.