Business News

CapitaMalls up 6 pct in S'pore's biggest IPO in 16 yrs

Reuters - Wednesday, November 25

* CapitaMalls hits early peak of S$2.30 versus S$2.12 issue More »

  • Malaysian carmaker Proton posts quarterly profit

    AP - Tuesday, November 24

    KUALA LUMPUR, Malaysia - Malaysian national carmaker Proton reported an 87 percent jump in its quarterly profit and said it was not threatened by the launch of a seven-seater multipurpose vehicle by its domestic rival Perodua.

  • Malaysia to introduce value added tax "very gently"

    Reuters - Wednesday, November 25

    KUALA LUMPUR, Nov 24 (Reuters) - Malaysia's government will introduce a bill to bring in a goods and services tax in the current sitting of parliament that ends on Dec. 15, the prime minister said.

  • GLOBAL MARKETS-Global stocks rise; gold at record high

    Reuters - 1 hour 51 minutes ago

    * MSCI world equity index up 0.5 pct

  • Shell's borrowing needs cut with oil at about $80-FT

    Reuters - Wednesday, November 25

    LONDON, Nov 25 (Reuters) - Royal Dutch Shell's <RDSa.L> <RDSa.L> chief executive is forecasting that the oil giant will not need to borrow any more money if oil remains at about $80 a barrel, the financial Times reported in its Wednesday editions.

  • Zions shares fall; analyst affirms "sell" rating

    AP - Wednesday, November 25

    NEW YORK - Zions Bancorp shares fell Tuesday, a day after the stock rallied, after an analyst reiterated concerns about the regional bank's credit problems, .

  • China shares fall on economic policy uncertainty

    AP - Tuesday, November 24

    SHANGHAI - Chinese shares retreated Tuesday on policy uncertainty ahead of the government's annual economic planning meeting.

  • Home prices up slightly in September

    AP - Wednesday, November 25

    WASHINGTON - The summer's trend of rising home prices faded at the end of the traditional home shopping season, two reports Tuesday showed.

  • Canada woman to fight insurance co. over Facebook

    AP - Tuesday, November 24

    MONTREAL - A Canadian woman on sick leave for depression said Monday she would fight an insurance company's decision to cut her benefits after her agent found photos on Facebook of her vacationing, at a bar and at a party.

  • Sector Snap: Airlines mostly down on economic news

    AP - Wednesday, November 25

    NEW YORK - US Airways was the only airline stock in the green Tuesday, after the Phoenix-based airline said it will delay delivery of 54 Airbus jets until at least 2013 so it can hold on to more cash.

  • AIG board OKs CEO pay, as Benmosche agrees to stay

    Reuters - Wednesday, November 25

    NEW YORK (Reuters) - American International Group Inc <AIG.N>, the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche's $7 million compensation, after it laid to rest concerns that he may quit the post.

  • Australia economy set for years of growth - c.bank

    Reuters - Wednesday, November 25

    * RBA resoundingly upbeat on economic outlook

  • Australian skilled vacancies rise 4.3 pct in Nov

    Reuters - Wednesday, November 25

    CANBERRA, Nov 25 (Reuters) - Australia's index of skilled job vacancies rose 4.3 percent to 42.6 between October and November, seasonally adjusted, the employment department said on Wednesday.

  • US firm on slapping tariffs on Chinese steel pipes

    US firm on slapping tariffs on Chinese steel pipes

    AFP - Wednesday, November 25

    WASHINGTON (AFP) - - The United States has firmed up plans to impose up to 15 percent tariffs on imported Chinese steel pipes targeted for wideranging sanctions for alleged unfair subsidies.

  • Korea Hot Stocks - LG Household jumps on FACESHOP deal

    Reuters - Wednesday, November 25

    SEOUL, Nov 25 (Reuters) - Stocks on the move on Wednesday include:

  • Airlines: No review for frequent flier programs

    AP - Wednesday, November 25

    ALBANY, N.Y. - The airline industry says there's no need to interfere with frequent flier programs despite U.S. Sen.

  • Oil hovers near $76 amid weak US crude demand

    AP - Wednesday, November 25

    SINGAPORE - Oil prices hovered near $76 a barrel Wednesday in Asia as investors mulled whether signs of a sluggish U.S. economy and weak crude demand justified a further sell-off this week.

  • US Airways defers delivery of 54 aircraft

    AP - Wednesday, November 25

    US Airways will delay delivery of 54 new Airbus jets until at least 2013 and take other steps to boost its cash reserves until travel demand rebounds.