Business » Asia

Thursday, 16 July 2015

Asians invest in Australian businesses

2015-07-16 ASIAN investors are moving beyond property and natural resources in Australia and looking at companies in the service, technology, agriculture and manpower sectors.Other than attractive prices due to a depreciating Australian dollar, funds are...

Bank of Japan cuts annual GDP growth, inflation forecasts

2015-07-16 THE Bank of Japan (BoJ) yesterday cut its growth and inflation forecasts for the world’s third-largest economy, but said a recovery was still underway as it held fire on more easing measures. Following a two-day policy meeting, the BoJ said Japan’...

China’s Q2 growth steady at 7%

2015-07-16 CHINA’S economic growth in the latest quarter held steady at seven per cent, its weakest performance since the global crisis, but better retail sales and factory output in June suggested efforts to reverse the slump might be gaining traction.The...

Wednesday, 15 July 2015

Singaporeeconomycontracts

2015-07-15 SINGAPORE’S economy shrank in the second quarter of the year, official data showed Tuesday, as slowing demand from key export markets China and Europe hit manufacturing.The 4.6 per cent quarter-on-quarter contraction in April-June reversed a growth...

Oil prices tumble as Iran, global powers reach N-deal

2015-07-15 OIL prices tumbled more than a dollar on Tuesday as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of...

Indonesia keeps rates on hold

2015-07-15 INDONESIA’S central bank kept its key reference rate on hold yesterday, resisting loosening policy to bolster an economy growing at its weakest pace since the global financial crisis.Bank Indonesia (BI) said interest rates were in line with its...

China bank lending, money supply up in June

2015-07-15 CHINA’S banks made 1.28 trillion yuan (US$206.18 billion) in new loans in June, handily topping market expectations, while broad money supply growth quickened last month, thanks to the central bank loosening policy to support the slowing economy.In...

Asia stocks mostly up on Greece debt deal

2015-07-15 MOST Asian markets climbed yesterday after Greece and its creditors agreed a debt deal to keep it in the eurozone, while the US dollar advanced as attention shifted back to when the Federal Reserve will raise interest rates.Both Shanghai and Hong...

Tuesday, 14 July 2015

China’s payments system scaled back

2015-07-14 CHINA is set to launch a watered down version of its long-awaited international payments system, using it only for cross-border yuan trade deals rather than also including capital-related transactions, two people with direct knowledge of the matter...

US$1.8b in loans for Thai farmers hit by drought

2015-07-14 THAILAND has approved loans of up to 60 billion baht (US$1.77 billion) to support farmers affected by drought, the finance minister said on Monday.The wet season is under way, but Thailand is contending with drought conditions in seven out of 67...

Philippine solar industry pushes for more incentives

2015-07-14 SOLAR companies will push the Philippine government to quadruple the size of an incentive scheme for suppliers of the renewable energy and to speed up project approvals, as the country grapples with precarious electricity supply. Industry group...

Indian Kashmir flood sparks wave of property insurance sales

2015-07-14 INSURANCE companies in Indian-administered Kashmir, which was hit by a destructive flood last September, have collected substantially higher premiums this year as property owners seek to avoid further financial losses from weather-linked disasters...

CEO’s death creates leadership doubts at gamemaker Nintendo

2015-07-14 NINTENDO Co Ltd Chief Executive Satoru Iwata died after a long illness, the company said on Monday, months after he led the Japanese video game maker’s belated entry into mobile gaming following years of declining sales. He was 55. The hands-on...

Iran nuke deal would add to oil glut

2015-07-14 ANY nuclear deal between Iran and six world powers loosening sanctions against Tehran could flood an oversupplied oil market with more fuel, yet sectors like cement and steel would see a rise in demand as the country works to revitalise its economy...

Monday, 13 July 2015

China slowing economy sap demand for luxury cars

2015-07-13 PRICES for German luxury cars in China are tumbling as the country’s stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers.After a fall-off in...

Asian nations top achievers on energy progress

2015-07-13 ASIAN countries are making a vital contribution to achieving global sustainable-energy goals, according to a new World Bank report.But while the region performs strongly on ensuring people's access to electricity and using more modern renewable...

Indonesia eyes return to OPEC

2015-07-13 INDONESIA is seeking to rejoin OPEC to get access to cheaper oil supplies as demand soars and domestic production falls, but critics say the move is an unwelcome distraction from efforts to overhaul the country’s troubled energy sector. Resource-...

Myanmar to give out underwriter licences this month

2015-07-13 MYANMAR’S Securities and Exchange Commission will announce winners of underwriters’ licences later this month as part of its process in establishing the country’s first stock exchange, official media reported Sunday.So far, 20 private security...

China’s rich seek shelter from stock market storm in foreign property

2015-07-13 REALTORS in Australia, Britain and Canada are bracing for a surge of interest in their hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai’s equity markets.Sydney realtor...

China growth slows to 6.9% in second quarter

2015-07-13 CHINA’S GDP growth likely slowed further in the second quarter, an AFP survey has found, as a slowdown in investment and trade weighed on the world’s second-largest economy. The median forecast in a poll of 14 economists indicates gross domestic...

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