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Wednesday, 17 April 2013
Chinese bird flu scare. CHINA'S poultry sector has recorded losses of more than 10 billion yuan (US$1.6 billion) since reports emerged of a new strain of bird flu two weeks ago, an official at the country's National Poultry Industry Association told...
MALAYSIA'S economy is set to expand further this quarter and the rest of the year, riding on the wave of strong domestic consumption and investments, according to a study by business information firm Dun & Bradstreet Malaysia Sdn Bhd (D&B)....
ITALIAN police yesterday seized 1.8 billion euros (US$2.3 billion) destined for Nomura and placed the former chief of the Japanese bank's European operations under investigation in a fraud probe over a derivatives deal with troubled Italian lender...
ONE proposal Indonesia is considering to make car owners pay more for their petrol would save only 11 per cent of the nearly US$2 billion the state has budgeted this year for fuel subsidies, the energy minister said yesterday.The government has been...
IMF sees mixed Asian outlook for 2013BEIJING: The IMF painted a mixed picture for Asia's top economies yesterday, trimming its Chinese growth forecasts but predicting Japan's fiscal stimulus will help end years of stagnation and Indian growth will...
US CONSUMER prices fell in March for the first time in four months as the cost of gasoline tumbled, providing scope for the Federal Reserve to maintain its monetary stimulus to speed up economic growth.Other data yesterday suggested the housing...
FUEL subsidies will cost Egypt more than 120 billion Egyptian pounds (US$17.4 billion) this financial year, above previous estimates, as a falling local currency adds strain to the budget, Oil Minister Osama Kamal told Reuters on Monday.Egypt is...
THE recovery prospects for the German economy, Europe's biggest, took a knock yesterday when data showed that investor sentiment falling more than expected this month.The widely watched investor confidence index calculated by the ZEW economic...
Tuesday, 16 April 2013
DEVELOPERS in Singapore sold a record number of new homes in March as buyers returned to the market, driven by discounts and incentives and raising fears the government could take further steps to cool the housing market.The Urban Redevelopment...
SOUTH Korea imported its first Iranian natural gas liquids (NGL) in eight months in March, customs data showed on Monday, after having halted shipments last July because of EU sanctions restricting insurance on tankers carrying Iranian oil.South...
SOUTH Korea increased to US$1.3 billion the soft loans it will offer to farmers this year to help them tackle high feed grain costs amid weak domestic meat prices, the agriculture ministry said in a statement on Monday.The loan amount is more than...
MALAYSIA is promoting overseas investment by its takaful firms (Islamic insurers) as it seeks to internationalise its Islamic finance industry, but a lack of expertise and low risk appetite are likely to slow the drive.The takaful firms currently...
INDONESIA is currently the worlds biggest thermal coal exporter but Southeast Asias largest economy may have to import the fossil fuel in the next decade to meet its power needs, the countrys main utility firm says.State-owned PT Perusahaan Listrik...
Qatar Petroleum agree to buy Canadian assetsLONDON: British energy firm Centrica and state-owned Qatar Petroleum International have agreed to buy Canadian oil and gas assets from Suncor Energy Inc. for CAN$1 billion (749 million euros), the pair...
GERMANY'S neighbours enjoy cheap imported power subsidised by Berlin's green energy policy and paid for by German households, analysts say.Generous subsidies have boosted renewable electricity generation, and created a German green power...
DISH Network Corp, the number two US satellite television provider, offered to buy Sprint Nextel Corp for US$25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp.Sprint shares soared 16...
ALUMINIUM smelters are set to open in China at a faster pace than producers there and worldwide shut loss-making plants to tackle a glut that keeps the metal's prices weak. So far this year, analysts estimate cutbacks in aluminium production...
Monday, 15 April 2013
THE foreign reserves of Yemen's central bank shrank by US$457 million in February to their lowest level since last August as oil exports from the impoverished Arab country plunged by a third, data showed on Sunday.The Arabian peninsula state, which...
SHELL Malaysia will continue to robustly invest in this country because it believes the country holds positive long-term prospects for the company and also to maintain its market share in the country.According to Shell Malaysia chairman Iain Lo, the...
DEVELOPERS and owners of high-rise buildings in Jakarta will have their building permit applications denied if they fail to comply with the green building code that will take effect by the end of the month.Jakarta Building Supervision and Regulation...
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