Business News

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 »

View: Headlines Only | Include Summaries | Include Photos

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.