Business News

Taiwan export orders see first rise in 13 months

Taiwan export orders see first rise in 13 months
AFP - Tuesday, November 24

TAIPEI (AFP) - - Taiwan said Monday that export orders last month posted their first year-on-year hike in 13 months as demand for high-tech products picked up amid a global economic recovery. More »

  • JAL seeks 40% pension benefits cut for bailout

    JAL seeks 40%% pension benefits cut for bailout

    AFP - Tuesday, November 24

    TOKYO (AFP) - - Ailing Japan Airlines has proposed a revised pension plan that would see an average cut in benefits of more than 40 percent, the company said Monday.

  • Two foreign funds compete to buy S.Korea builder

    Two foreign funds compete to buy S.Korea builder

    AFP - Monday, November 23

    SEOUL (AFP) - - South Korean airline group Kumho Asiana chose two foreign funds Monday to bid to buy a more than 50 percent stake in a major local builder, in an auction estimated at 2.85 billion dollars, officials said.

  • Spanish bank may boost China bank stake: report

    Spanish bank may boost China bank stake: report

    AFP - Monday, November 23

    HONG KONG (AFP) - - Spanish bank BBVA may boost its current stake in China Citic Bank with a 1.6 billion dollar investment, a report said Monday citing sources close to the matter.

  • Thai economy shrinks 2.8 percent in Q3: data

    Thai economy shrinks 2.8 percent in Q3: data

    AFP - Monday, November 23

    BANGKOK (AFP) - - Thailand's economy shrank by 2.8 percent year-on-year in the third quarter, signalling improvement on the previous quarter as export and tourism revenues pick up, official figures showed Monday.

  • Taiwan to curb Chinese investment in key sectors: report

    Taiwan to curb Chinese investment in key sectors: report

    AFP - Monday, November 23

    TAIPEI (AFP) - - Taiwan plans to restrict Chinese stock investment in strategic sectors, as it seeks to keep control of its economy amid rapidly growing ties with the mainland, local media said Monday.

  • India's Reliance announces bid for LyondellBasell

    India's Reliance announces bid for LyondellBasell

    AFP - Sunday, November 22

    MUMBAI (AFP) - - India's private sector energy giant Reliance Industries Limited has announced a cash bid to buy a controlling stake in bankrupt petrochemicals firm LyondellBasell Industries.

  • China could grow 10 pct in fourth quarter: report

    China could grow 10 pct in fourth quarter: report

    AFP - Sunday, November 22

    BEIJING (AFP) - - China's economy could grow by over 10 percent in the fourth quarter of 2009 spurred by massive investment and rising consumption, the state press said Sunday, citing a top government think tank.

  • AirAsia to tap Southeast Asian capital market

    AirAsia to tap Southeast Asian capital market

    AFP - Sunday, November 22

    KUALA LUMPUR (AFP) - - Southeast Asia's biggest budget carrier AirAsia plans to list on the Thai and Indonesian stock exchanges in a bid to tap the region's capital markets despite a turbulent year for airlines.

  • Vodafone seeks more time to reply to Indian tax claim

    Vodafone seeks more time to reply to Indian tax claim

    AFP - Sunday, November 22

    NEW DELHI (AFP) - - British mobile phone giant Vodafone Group Plc has sought an extra two months to reply to a two-billion-dollar Indian tax claim over its purchase of India's third-largest mobile operator.

  • S.Korean shipbuilder STX cuts 351 jobs in France

    S.Korean shipbuilder STX cuts 351 jobs in France

    AFP - Saturday, November 21

    SAINT-NAZAIRE, France (AFP) - - South Korean shipbuilding giant STX is cutting 351 jobs in France through voluntary departures at the historic Saint-Nazaire shipyard, company officials said on Friday.

  • Malaysia issues China's ICBC local banking licence

    Malaysia issues China's ICBC local banking licence

    AFP - Saturday, November 21

    KUALA LUMPUR (AFP) - - Malaysia's finance ministry has issued a commercial banking licence to China's largest bank, the country's central bank announced Friday.

  • Sri Lanka reserves 'comfortable' after bailout: IMF

    Sri Lanka reserves 'comfortable' after bailout: IMF

    AFP - Saturday, November 21

    COLOMBO (AFP) - - The International Monetary Fund said Friday Sri Lanka's foreign reserves have reached "comfortable levels," helped by a bailout package, but economic growth was still below potential.

  • India moves to defuse sugar cane price row

    India moves to defuse sugar cane price row

    AFP - Saturday, November 21

    NEW DELHI (AFP) - - The government promised Friday to ensure that sugar cane farmers do not suffer as it sought to defuse a major row over pricing that has stalled parliamentary proceedings.

  • China boosts world steel output: association

    China boosts world steel output: association

    AFP - Saturday, November 21

    PARIS (AFP) - - World steel output rose 13.1 percent in October from the level of output a year earlier, driven largely by production in China, the World Steel Association said on Friday.

  • Asia's luxury car market 'picking up': Rolls-Royce

    Asia's luxury car market 'picking up': Rolls-Royce

    AFP - Saturday, November 21

    NEW DELHI (AFP) - - Rolls-Royce said Friday the market for its super-luxury cars was picking up dramatically across Asia as the effects of the global financial crisis recede.

  • Sony to launch online download service for TVs

    Sony to launch online download service for TVs

    AFP - Saturday, November 21

    TOKYO (AFP) - - Sony Corp. aims to launch next year a new online service that will allow people to download content such as music and movies to their televisions and other electronic gadgets, a top executive said Friday.

  • Asia airlines emerge from slump: industry body

    Asia airlines emerge from slump: industry body

    AFP - Saturday, November 21

    SINGAPORE (AFP) - - Asia's airline industry is pulling out of a slump sparked by the global recession with signs passenger numbers are rising, a regional body said Friday, but there were warnings a rebound will be slow.

  • Hong Kong inflation rises in October

    Hong Kong inflation rises in October

    AFP - Saturday, November 21

    HONG KONG (AFP) - - Hong Kong's inflation rate in October rose 2.2 percent from a year earlier, official figures showed on Friday, mainly because one-off government subsidies for rentals and electricity had ended.

  • US lawmakers may penalise China over rigid yuan

    US lawmakers may penalise China over rigid yuan

    AFP - Saturday, November 21

    WASHINGTON (AFP) - - US lawmakers criticized US President Barack Obama's administration on Thursday for not pressuring China enough over its rigid currency as they set the stage for slapping import duties on Chinese goods.