Business News

Taiwan, China to sign financial agreement: report

Taiwan, China to sign financial agreement: report
AFP - 2 hours 43 minutes ago

TAIPEI (AFP) - - Taiwan is expected to forge an agreement on financial cooperation with China "soon", in yet another sign of evolving ties between the two former bitter rivals, it was reported Sunday. More »

  • Australia stimulus needed for recovery: Treasurer

    Australia stimulus needed for recovery: Treasurer

    AFP - Sunday, November 8

    SYDNEY (AFP) - - Withdrawing Australia's government stimulus now would interrupt the recovery underway, Treasurer Wayne Swan said Sunday as he warned the country was not immune to the risks to the global economy.

  • Nobel laureate says global crisis a chance to change

    Nobel laureate says global crisis a chance to change

    AFP - Sunday, November 8

    WOLFSBURG, Germany (AFP) - - Nobel Peace Laureate Muhammad Yunus calls the global economic crisis "an excellent opportunity to reflect and redesign" businesses, and devote creative ones to solving social problems.

  • China's new Nasdaq-style board sees wild start

    China's new Nasdaq-style board sees wild start

    AFP - Sunday, November 8

    BEIJING (AFP) - - China's new Nasdaq-style market saw a week of wild yo-yo swings as frenzied investors sent the start-up shares to "ridiculously" high levels, analysts say, warning a correction is on the cards.

  • India's fast-growing telecom sector hits trouble

    India's fast-growing telecom sector hits trouble

    AFP - Sunday, November 8

    NEW DELHI (AFP) - - India is still adding a staggering 15 million new mobile phone connections a month but the world's fastest-growing cellular market has hit rough waters.

  • iPhone disappoints in China launch: analysts

    iPhone disappoints in China launch: analysts

    AFP - Sunday, November 8

    SHANGHAI (AFP) - - The official launch of Apple's iPhone in China has been disappointing at best for mobile operator China Unicom, with the grey market still booming and competitors offering worthy alternatives, experts say.

  • SKorean workers march against labour law plan

    SKorean workers march against labour law plan

    AFP - Sunday, November 8

    SEOUL (AFP) - - Tens of thousands of workers held a demonstration here Saturday to protest against a government plan they say is aimed at weakening unionism, witnesses said.

  • Taiwan breeders see big profits in rare shrimps

    Taiwan breeders see big profits in rare shrimps

    AFP - Sunday, November 8

    TAIPEI (AFP) - - Taiwanese breeders said Saturday they are hoping to make huge profits from a rare species of ornamental shrimp after a pair sold for 8,500 US dollars at auction.

  • Sri Lanka buying gold 'to diversify reserves'

    Sri Lanka buying gold 'to diversify reserves'

    AFP - Sunday, November 8

    COLOMBO (AFP) - - Sri Lanka's central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal.

  • GM in talks to bring Chinese cars to India: report

    GM in talks to bring Chinese cars to India: report

    AFP - Sunday, November 8

    NEW DELHI (AFP) - - US auto giant General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India.

  • HSBC slashes prize money of Women's Champions

    HSBC slashes prize money of Women's Champions

    AFP - Saturday, November 7

    SHANGHAI (AFP) - - Global banking giant HSBC said it was renewing its sponsorship of the Women's Champions tournament for the next three years, but prize money would be slashed.

  • EU, India hope for FTA in 2010 but hurdles remain

    EU, India hope for FTA in 2010 but hurdles remain

    AFP - Saturday, November 7

    NEW DELHI (AFP) - - The European Union and India pledged Friday to push ahead with attempts to conclude a free-trade agreement next year but said much hard work needed to be done to break logjams holding up a deal.

  • Mittal fuels fashion passion with Escada purchase

    Mittal fuels fashion passion with Escada purchase

    AFP - Saturday, November 7

    FRANKFURT (AFP) - - Megha Mittal stepped into the fashion spotlight Friday with the purchase of troubled high-end German brand Escada, backed by the clout of in-laws who own the global steel giant ArcelorMittal.

  • Two Japanese trust banks to merge

    Two Japanese trust banks to merge

    AFP - Saturday, November 7

    TOKYO (AFP) - - Sumitomo Trust & Banking Co. and Chuo Mitsui Trust Holdings announced Friday they had agreed on a merger to create Japan's largest trust bank sitting on assets of two trillion dollars.

  • Asia boosts Hermes luxury sales: company

    Asia boosts Hermes luxury sales: company

    AFP - Saturday, November 7

    PARIS (AFP) - - Sales in Asia helped boost French luxury group Hermes in the third quarter, the company said on Friday, reporting an overall 10-percent rise in sales to 452 million euros (672 million dollars).

  • Malaysia says Airbus A400M delivery to be delayed

    Malaysia says Airbus A400M delivery to be delayed

    AFP - Friday, November 6

    KUALA LUMPUR (AFP) - - Malaysia's order for four Airbus A400M military planes will proceed but delivery will be delayed by at least three years to 2016, a senior official said Friday.

  • POSCO starts work on steel plant in Turkey

    POSCO starts work on steel plant in Turkey

    AFP - Friday, November 6

    SEOUL (AFP) - - South Korean steelmaker POSCO said Friday it has begun building a plant in Turkey to produce steel for automobiles.

  • US says SKorea trade deal 'within reach'

    US says SKorea trade deal 'within reach'

    AFP - Friday, November 6

    WASHINGTON (AFP) - - The top US trade negotiator said that finalizing a trade deal with South Korea was "within reach" but gave no timeline as he sought greater access for US automakers.

  • China's growing thirst for African oil

    China's growing thirst for African oil

    AFP - Friday, November 6

    LAGOS (AFP) - - China has dangled a near open cheque book to Africa's major oil producers in a bid to guarantee supplies for decades to come.

  • US slaps sanctions on Malaysian branch of Iran's Bank Mellat

    US slaps sanctions on Malaysian branch of Iran's Bank Mellat

    AFP - Friday, November 6

    WASHINGTON (AFP) - - The US Treasury Department on Thursday announced sanctions against the Malaysian subsidiary of Iran's Bank Mellat, which Washington says helps finance the proliferation of weapons of mass destruction.

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