World Business News Headlines | Business

HK shares seen lower tracking global equity slump

Wed, 08 Oct 2008 09:25:41 +0800

HONG KONG, Oct 8 (Reuters) - Hong Kong shares will drop on Wednesday, playing catch up with the sharp losses in other major markets, as investors fret over the inability of broad-stroke policy measures to fix the credit market crisis.

AIG execs' retreat after bailout angers lawmakers

Wed, 08 Oct 2008 09:13:00 +0800

Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the company's meltdown said Tuesday.

RPT-TOPWRAP 16-Fed steps in; US stocks dive; UK to rescue banks

Wed, 08 Oct 2008 09:01:13 +0800

(Repeats to shorten headline)

China cement maker BBMG plans $600 mln HK IPO-paper

Wed, 08 Oct 2008 08:59:24 +0800

HONG KONG, Oct 8 (Reuters) - BBMG Corp, one of China's top construction material makers, aims to raise $600 million from a Hong Kong IPO this year, defying recent market volatility, the South China Morning Post said on Wednesday.

Toyota profit to fall 40 pct, miss estimates-Nikkei

Wed, 08 Oct 2008 08:30:21 +0800

(Changes dateline, adds details)

China Vanke September property sales fall on year

Wed, 08 Oct 2008 08:29:00 +0800

SHANGHAI, Oct 8 (Reuters) - Vanke <000002.SZ>, China's biggest listed property developer, said on Wednesday that its real estate sales in September rose from the previous month but fell from a year earlier.

Japan's Suntory plans drink price hike - Nikkei

Wed, 08 Oct 2008 07:58:55 +0800

TOKYO, Oct 8 (Reuters) - Japan's Suntory Ltd plans to raise prices of soft drinks sometime early next year to pass on rising costs of raw materials such as sugar and cardboard for cartons, the Nikkei business daily reported on Wednesday.

Australia's CBA buys HBOS's BankWest for $1.5 bln

Wed, 08 Oct 2008 07:57:08 +0800

(Adds CEO, analyst comment, details)

Australia's CBA to raise A$2 bln in shares-sources

Wed, 08 Oct 2008 07:23:06 +0800

SYDNEY, Oct 8 (Reuters) - Commonwealth Bank of Australia plans to raise A$2 billion ($1.43 billion) by issuing new ordinary shares to fund its acquisition of British bank HBOS's Australian unit BankWest, market sources said on Wednesday.

Fed to lend to companies in emergency move

Wed, 08 Oct 2008 07:23:00 +0800

Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon.