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Saturday, 21 June 2014

Cut Japan out of TPP talks:NZ

2014-06-21   NEW Zealand Prime Minister John Key said on Thursday Japan should be cut out of Pacific trade talks if it will not open its markets to more farm imports, and he urged the Obama administration to hold firm. Japan has been reluctant to open up...

Friday, 20 June 2014

Chrysler investigated for ignition switch problems

2014-06-20 US SAFETY regulators are investigating about 1.2 million Chrysler vehicles for potential ignition-switch problems, expanding a probe beyond General Motors Co to another Detroit automaker.Chrysler is the subject of two investigations involving...

In Brief

2014-06-20 Indonesia mulls higher cocoa bean export taxJAKARTA: Indonesia is considering a higher cocoa export tax to secure supplies for its soaring domestic grinding capacity, possibly ditching an earlier suggestion to curb duties on bean imports,...

Race to fill vehicles with technology hurting quality

2014-06-20 THE race to fill vehicles with the latest technology is hurting quality. Buyers reported more problems in their new cars and trucks this year than last year, according to rankings released Wednesday by the consulting firm JD Power. It was the...

New Lego line to bridge physical-digital divide

2014-06-20 ON THE heels of success with The Lego Movie, the Danish toy company is giving kids a chance to put their own blocks on the screen, with a new product line that copies their creations into phone and tablet games.The Lego Fusion line will launch in...

Amazon’s Fire takes on leading smartphone companies

2014-06-20 AMAZON on Wednesday unveiled its “Fire Phone”, a high-end handset boasting “breakthrough technologies” and a move aimed at challenging market leaders Apple and Samsung.Amazon founder Jeff Bezos unveiled the device, Amazon’s first smartphone of its...

Thursday, 19 June 2014

G20 still restricting trade: WTO report

2014-06-19 MEMBERS of the Group of 20 leading economies are still doing more to restrict trade than to liberalise it, according to a report published by major world agencies on Wednesday.The regular monitoring report, from the World Trade Organization,...

Australia: TPP talks likely to conclude by early 2015

2014-06-19 A TRANS-PACIFIC free trade pact could be agreed upon early next year before US presidential election politics get in the way, Australia’s trade minister said Wednesday.The Trans-Pacific Partnership, or TPP, is aimed at cutting tariffs and setting...

In Brief

2014-06-19 MAS soars on Etihad rescue reportKUALA LUMPUR: Shares of Malaysian Airline System Bhd (MAS) rose the most in more than a year on Wednesday following a media report that the loss-making national carrier will form a partnership with Etihad Airways as...

GM chief faces congressional grilling over safety crisis

2014-06-19 GENERAL Motors Co Chief Executive Mary Barra is returning to Capitol Hill on Wednesday to face intense questioning about whether the automaker has a grip on the safety crisis that has enveloped it this year, as recalls connected to ignition-switch...

Wednesday, 18 June 2014

UK maiden sukuk float unlikely to have major impact

2014-06-18 BRITAIN’S plan to issue the first Islamic bond from a Western government will strengthen its position as a centre for sukuk trade, but it may miss a chance to develop Europe’s Islamic banking industry.Last week, Britain mandated five banks to...

Iraq oil growth at risk as world demand rises: IEA

2014-06-18 IRAQ’S oil growth targets look increasingly at risk, the International Energy Agency said, as threats to supplies from political instability and violence grow just as demand is picking up due to a stronger global economy.Iraq is the second-largest...

GM safety crisis grows: 3.36m more cars recalled

2014-06-18 GENERAL Motors Co recalled three million more cars for ignition switch issues on Monday, roughly doubling the number of GM vehicles with known switch problems in a crisis that has defined the automaker and new Chief Executive Mary Barra this year...

In Brief

2014-06-18 Vietnam firm’s July IPO to capitalise on trade pactHANOI: Vietnam’s Vinatex, a state-run producer of garments and textiles, is planning an initial public offering next month to fund expansion and capitalise on an upcoming trade pact expected to...

Apple settles e-book antitrust case

2014-06-18 APPLE Inc reached an out-of-court settlement with US states and other complainants in an e-book price-fixing class action lawsuit on Monday, effectively avoiding a trial in which the iPad maker faced more than US$800 million in claims.US District...

Bitcoin’s biggest threat: Miner takeover

2014-06-18 THE Bitcoin digital currency system is in danger of losing its credibility as an independent payment system because of the growing power of a group that runs some of the computers behind it.In recent weeks, a British-based “mining pool” called...

Tuesday, 17 June 2014

Sterling hits 5-year high

2014-06-17 STERLING topped US$1.70 for the first time since August 2009 on Monday, adding to gains from last week after a surprise U-turn by the head of the Bank of England that pointed to the prospect of higher interest rates this year.Governor Mark Carney’s...

In Brief

2014-06-17 Cambodian exodus from Thailand grows to 160,000PHNOM PENH: Cambodian workers are leaving Thailand in growing numbers, with the total who have returned to their homeland this month topping 160,000. Thai officials insist the cross-border movement is...

World Cup ads seen bolstering media spend

2014-06-17 THE global advertising market is set to grow 5.4 per cent this year to reach US$524 billion helped by a boost in television ads during the soccer World Cup, according to media buyer Zenith Optimedia. The Publicis-owned forecasting unit shaved 0.1...

IMF cuts US growth outlook

2014-06-17 THE International Monetary Fund cut its growth forecast for the United States on Monday and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to bide its time before raising interest rates.In its...

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