Asia Pacific Business News

GM in talks to bring Chinese cars to India: report

GM in talks to bring Chinese cars to India: report
AFP - 2 hours 41 minutes ago

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. More »

  • 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.

  • Pakistani c.bank buys 85.40 bln rupees of govt paper

    Reuters - Saturday, November 7

    KARACHI, Nov 7 (Reuters) - Pakistan's central bank bought back 85.40 billion rupees ($1.02 billion) of treasury bills and government bonds on Saturday in 7-day reverse-repo contracts at 12.13 percent to inject funds into the money market.

  • 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.

  • AES sells stake to China sovereign fund for $1.58B

    AP - Saturday, November 7

    ARLINGTON, Va. - Global power company AES Corp. said Friday it is selling a 15 percent stake in itself to China's investment arm for $1.58 billion in a move to raise cash to develop projects around the world.

  • Thaksin on a mission to humiliate Thai government

    AP - Saturday, November 7

    BANGKOK - Thailand's fugitive former prime minister Thaksin Shinawatra has spent much of the past three years roaming the globe, shopping for diamonds in Africa, golfing at Asian resorts _ and humiliating the government from a distance.

  • 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.

  • Philippines to buy rice from Vietnam, SKorea

    AP - Saturday, November 7

    MANILA, Philippines - The Philippine government has decided to buy rice from Vietnamese and South Korean companies to cover a shortage caused by recent back-to-back typhoons, a spokesman said Friday.

  • Uzbek state energy firm seals $2.5B plant deal

    AP - Saturday, November 7

    ALMATY, Kazakhstan - Uzbekistan's state energy company has signed a $2.5 billion deal to create a joint venture with Malaysia's Petronas and South Africa's Sasol to build a synthetic liquid fuel production plant, the state company announced Friday.

  • 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).

  • Korea Life may raise around $2 bln in IPO-sources

    Reuters - Saturday, November 7

    * Valued at $10 bln, plans 20 pct public float-sources

  • MARKETS-KOREA-STOCKS/ (UPDATE 2)=2

    Reuters - Friday, November 6

    Trading revenue on the main board was 3.62 trillion won ($3.09 billion), up slightly from Thursday's 3.36 trillion won.

  • Seoul shares rise 1.3 pct, volume low amid caution

    Reuters - Friday, November 6

    * Trading still lacklustre

  • South Korea says mortgage loan growth slows in Oct

    Reuters - Friday, November 6

    SEOUL, Nov 6 (Reuters) - South Korea said on Friday that growth in mortgage lending slowed for a third consecutive month in October in the wake of government regulatory measures aimed at averting a property price bubble.

  • China blasts US steel pipe duties as protectionist

    AP - Friday, November 6

    BEIJING - China on Friday blasted Washington's decision to impose anti-dumping duties on imports of Chinese-made steel pipe as protectionist ahead of President Barack Obama's visit to Beijing this month.

  • S.Korea spotted buying dlrs to check won's rise -dealers

    Reuters - Friday, November 6

    SEOUL, Nov 6 (Reuters) - South Korea's foreign exchange authorities were spotted buying dollars on Friday to check the won's <KRW=> gains, traders said.

  • Prius top-selling car in Japan for sixth month

    AP - Friday, November 6

    TOKYO - Toyota's popular Prius hybrid was the top-selling car in Japan in October for the sixth straight month, helped by tax breaks and government subsidies for environmentally friendly vehicles, an industry group said Friday.

  • Seoul shares end up led by brokers, steel issues

    Reuters - Friday, November 6

    SEOUL, Nov 6 (Reuters) - Seoul shares rose 1.3 percent on Friday, with brokerages, steel makers and auto parts-related shares advancing against the backdrop of a Wall Street gain, but caution lingered over the stronger won <KRW=> and upcoming U.S. data.

  • 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.

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