Business » Asia
Friday, 13 April 2012
JAPAN'S Mitsubishi said Thursday it was in talks with Royal Dutch Shell as well as a Chinese and a South Korean firm to produce liquefied natural gas (LNG) in Canada.The deal, reportedly worth more than US$12.0 billion, would see the four companies...
THE Indian government on Thursday approved a restructuring plan aimed at turning around the fortunes of debt-laden national carrier Air India that makes a loss of nearly US$2 million a day."The cabinet has cleared Air India's restructuring plan...
Thursday, 12 April 2012
US IMPORT prices rose in March by the most in nearly a year on sharply higher petroleum costs, but prices outside food and energy climbed more modestly.!Overall import prices rose 1.3 per cent, the Labor Department said on Wednesday. That was the...
MICROSOFT is counting down the days until it is through with the Windows XP operating system for personal computers.The US software titan used a blog post to remind the world that in two years it will no longer support the generations-old operating...
JAPAN'S core machinery orders rose unexpectedly in February, reinforcing expectations that rebuilding in the earthquake-battered northeast will bolster corporate spending and economic recovery although risks loom from a resurgent yen and wobbly...
'Manila unlikely to get investment grade soon'MANILA: The Philippines' goal of securing investment grade status soon may be "a bit ambitious", as the government has to show evidence of sustained reforms to raise investments and state...
INDONESIA'S flag carrier Garuda will sign a deal for 11 Airbus passenger jets yesterday, during a visit by British Prime Minister David Cameron aimed at boosting trade and investment.!The purchase of the A330 jets, worth about US$2.5 billion and...
THE eurozone financial crisis forced itself onto the agenda of the French presidential battle yesterday, as renewed concerns about Spanish and Italian debt sent markets tumbling.President Nicolas Sarkozy, who is standing for re-election in next week...
THAILAND'S economy is likely to expand by 5.5 to 6.5 per cent this year, the state planning agency said yesterday, sticking to a forecast made in February, as business and industry recover from devastating floods late last year.! "The economy...
ABUNDANT natural resources, a strategic position in Asia and soaring tourist arrivals make Myanmar a "goldmine" poised for accelerating economic growth, the Asian Development Bank said yesterday.But the impoverished nation faces a long...
EUROPEAN Union countries must be "prudent" when making comments about Spain's economic problems, Spanish Prime Minister Mariano Rajoy said yesterday, following criticism from France and Italy."We all have our problems and we are...
Wednesday, 11 April 2012
SONY and Sharp, two of Japan's best-known electronics giants, on Tuesday warned of record losses in the billions of dollars as they struggle to survive amid fierce global competition.Sony, the Tokyo-based maker of PlayStation consoles and Bravia...
INDIA has launched a complaint at the World Trade Organisation over the cost of US work visas, which it says are too high and discriminate against a group of Indian IT firms, in the latest sign of prickly trade ties between the two allies.!The...
Garuda close to US$2.5 bln Airbus A330 dealJAKARTA/PARIS: Garuda and European planemaker Airbus are close to a deal for the Indonesian airline to buy A330 passenger jets worth US$2.5 billion at list prices, two sources familiar with the matter said...
CHINA has tightened regulations governing forced land expropriations in a bid to put a lid on what has become an explosive social issue and one of the country's biggest sources of unrest.Authorities have for years tried to address the issue of...
CHINA yesterday posted a trade surplus for March, reversing a massive deficit the previous month, but data showed exports were still weak owing to the economic woes in major overseas markets.The country recorded a trade surplus of US$5.35 billion...
BRITISH Prime Minister David Cameron arrived in Tokyo yesterday hoping to prise open Japan's potentially lucrative defence market for firms from Britain."We think there are many other opportunities for defence cooperation, for instance in the...
CHINA and Australia agreed to work more closely on infrastructure investment yesterday despite Beijing raising concerns about a ban on Chinese telecommunications company Huawei from bidding for lucrative Australian broadband contracts.!China's...
FOXTEL, the Rupert Murdoch-linked Australian pay-TV provider, yesterday won its US$2.06 billion bid for regional television operator Austar, after the competition watchdog gave its consent.Foxtel, owned by Telstra Corp., Consolidated Media Holdings...
Tuesday, 10 April 2012
SONY Corp is cutting 10,000 jobs, about 6 per cent of its global workforce, the Nikkei newspaper reported yesterday, as new CEO Kazuo Hirai comes under pressure to return the Japanese consumer electronics and entertainment company to profit after...
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