AP Business News Headlines

SKorea's Hyundai lowers sales target on weak demand

Mon, 07 Jul 2008 01:05:00 +0800

South Korea's top automaker Hyundai Motor on Sunday lowered its domestic sales target for 2008 due to weakening demand amid rising prices of oil and raw materials, company officials said.

SKorea cuts back on driving to save energy

Mon, 07 Jul 2008 01:03:00 +0800

South Korea said Sunday it would drastically reduce the use of government vehicles from next week as part of its first major contingency plan aimed at saving energy amid soaring oil prices.

Bush defends decisions on NKorea, Olympics as leaders focus on climate change, gas prices

Mon, 07 Jul 2008 00:54:00 +0800

China premier: Continue inflation fight

Mon, 07 Jul 2008 00:10:00 +0800

China's premier called for continued vigilance against inflation that has reached 12-year highs, saying the government should ensure that price increases are "acceptable," a state-run news agency reported Sunday.

S.Korea to assure continued FX intervention-report

Sun, 06 Jul 2008 23:23:09 +0800

SEOUL, July 6 (Reuters) - South Korea's finance ministry and central bank will issue a joint statement on Monday assuring their commitment to supporting the won to cushion imported inflation, domestic Yonhap news agency reported on Sunday.

Malaysia Petronas Gas gas plant resumes operation

Sun, 06 Jul 2008 14:15:23 +0800

KUALA LUMPUR, July 6 (Reuters) - Malaysia's Petronas Gas Bhd said it has ended a temporary supply cut at one of its gas processing plants in Terengganu following an unplanned shutdown.

Taiwan tour operators sceptical about China boom

Sun, 06 Jul 2008 14:06:00 +0800

The launch of regular direct flights between China and Taiwan has been hailed as a symbol of progress and a boon to tourism, but industry workers here are not all convinced.

Airline price-fixing case sheds light on industry: analysts

Sun, 06 Jul 2008 12:24:00 +0800

Last month's agreement by Cathay Pacific and three other airlines to plead guilty and pay more than half a billion dollars in criminal fines has shed light on industry price-fixing, analysts say.

South Korea announces first oil contingency measures

Sun, 06 Jul 2008 12:14:17 +0800

(Updates with quotes, details)

Apple's iPhone could find Asia tough to crack

Sun, 06 Jul 2008 11:38:00 +0800

The iPhone 3G, which Apple is billing as twice as fast and half as expensive as the debut model, will roll out in cities from Tokyo to Sydney on Friday -- but it could face challenges in Asia it will not have elsewhere.