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AP Business News

India trade min: steps on inflation to show results

Reuters - 49 minutes ago

MUMBAI, May 16 - India's fiscal and monetary measures to contain inflation will show results in the next two to three weeks, Trade Minister Kamal Nath said on Friday. More »

Other Stories

  • Hong Kong economy surprisingly strong in Q1

    Reuters - 49 minutes ago

    "We might see some slowdown , but so far the export numbers from other economies in the region, particularly Korea ... and also Taiwan show export growth sustaining into the second quarter, so hopefully we should see that for Hong Kong as well," he said. (Additional reporting by Edwin Chan, Judy Hau, Jeff Hodgson, Rafael Nam and Umesh Desai) - HONG KONG, May 16 - Hong Kong's economy proved surprisingly strong in the first quarter due to rising investment and resilient exports, although consumption was slightly less robust than late last year. More »

  • Japan begins talks to expand gasoline exports to US

    Reuters - 51 minutes ago

    TOKYO, May 16 - Japan, the United States and oil firms from the two countries have agreed to foster boosting gasoline exports from Japan to the U.S., the world's biggest oil consumer. More »

  • Malaysia c.bank to announce Q1 GDP on May 30

    Reuters - 1 hour 6 minutes ago

    KUALA LUMPUR, May 16 - Malaysia's central bank will announce first-quarter economic growth data on May 30, the bank said on its Web site. More »

  • Weak GDI may tell truer story of Japan growth

    Reuters - 1 hour 9 minutes ago

    TOKYO, May 16 - Japan's economic growth picked up pace in the first quarter, expanding faster than expected and running above its potential, but a closer look at the data points to how companies have been suffering from soaring energy and raw material prices. More »

  • China tallies losses, costs from quake as authorities strive to minimize disruptions

    AP - 1 hour 14 minutes ago

    SHANGHAI, China - Cracked dams and buckled roads, collapsed buildings and toppled factories _ China has begun tallying losses from the calamitous earthquake that struck earlier this week, with estimates ranging to over US$20 billion. More »

  • Fixed income head of ABN AMRO India fund quits

    Reuters - 1 hour 17 minutes ago

    MUMBAI, May 16 - ABN AMRO Asset Management's head of fixed income Mahhendra Jajoo has quit the company, a top executive said on Friday. More »

  • China reopens Sichuan refinery, replenishes fuel stocks

    Reuters - 1 hour 17 minutes ago

    BEIJING, May 16 - PetroChina has restarted its Nanchong refinery, the only oil plant in quake-hit Sichuan province, after a 50-hour stoppage, and replenished its fuel stocks there to normal levels. More »

  • Indian shares provisionally close up 0.34 pct

    Reuters - 1 hour 21 minutes ago

    MUMBAI, May 16 - Indian shares provisionally ended up 0.34 percent on Friday, led by gains in ICICI Bank Ltd and Reliance Industries Ltd . More »

  • Yuan ends up, onshore dollar funding costs plunge

    Reuters - 1 hour 26 minutes ago

    SHANGHAI, May 16 - The yuan closed higher against the dollar on Friday, guided by the central bank's higher reference rate, but dollar funding costs on the onshore market plunged in the aftermath of an unexpected slowdown in yuan appreciation over the past six weeks. More »