Business » World

Wednesday, 10 June 2009

Recovery path frail: IMF, World Bank

2009-06-10 THE IMF and World Bank said on Monday the path to global economic recovery is rife with risks and the onus is on policymakers to avoid runaway inflation and other pitfalls that could derail the process.At a forum in Montreal, International Monetary...

Scorned China's fury on Rio

2009-06-10 CHINA'S steel industry group said yesterday it opposes a proposed venture between leading iron ore producers BHP Billiton and Rio Tinto as a monopolistic move."This kind of joint venture agreement has a strong monopolistic colour, and the China...

Germany sees record drop in exports; analysts see light

2009-06-10 GERMAN exports marked the biggest drop on record in April, official statistics showed yesterday, though analysts expect the historic slump in Europe's biggest economy to ease in coming months.German exports plunged by 28.7 per cent in April from the...

iPhone for US$99: That's the beauty of rivalry

2009-06-10 APPLE INC halved the price of its entry-level iPhone to US$99 ($144.56) on Monday in a move that could widen the trendy device's mass-market appeal as competition for smartphones heats up.The company also unveiled a new iPhone that takes videos and...

New world trade deal by 2010: WTO chief

2009-06-10 EIGHT torturous years of talks over a new global trade pact should reach a conclusion next year after changes in the US and Indian governments, WTO chief Pascal Lamy (picture) said yesterday.Top US and Indian trade representatives agreed to "...

A$, NZ$ financial products popular in Brunei

2009-06-10 DUAL currency investments in the Australian dollar and the New Zealand dollar are growing in popularity in Brunei Darussalam, according to bankers."This product is very popular and suitable for investors who wish to see a high return and for...

Asia LNG supply to outstrip demand

2009-06-10 DEMAND for liquefied natural gas (LNG) in Asia-Pacific has dropped tremendously and is expected to be at between 15 and 20 million tonnes by year-end, an energy consultant said yesterday.Dr Fereidun Fesharaki, chairman of the US-based FACTS Global...

Tuesday, 9 June 2009

BUSINESS BRIEFS

2009-06-09 br />Petronas to partner with CNPC in IranKUALA LUMPUR: Malaysia's Petronas will partner with CNPC when the Chinese oil company takes over as the main foreign investor in a multi-billion dollar Iranian gas project, said its chief executive. Iran...

Equities fall as Treasury yields, US$ rise

2009-06-09 WORLD stocks fell yesterday as yields on 10-year US Treasuries hit a seven-month high, raising speculation the Federal Reserve may have to tighten interest rates sooner than anticipated.The US dollar rose on the same speculation. Wall Street looked...

Najib: Oil rates to rise as global economy heals

2009-06-09 PRIME MINISTER Datuk Seri Najib Razak says global oil prices are still expected to rise as the global economy recovers.In the same vein, Petronas chief executive Hassan Marican said the oil industry looks set for continued volatility after a rally...

China offers tax rebate on steel exports

2009-06-09 CHINA yesterday said it is offering a nine-per cent tax rebate on exports of hot-rolled steel products, aiming to revive tumbling exports as the world's top steel producer struggles with steady output growth.The adjustment comes as China's steel...

Sell yuan bonds, top China banker calls on US govt

2009-06-09 A TOP Chinese banker yesterday called on the US government and the World Bank to sell yuan-denominated bonds in Hong Kong and Shanghai to encourage the development of debt markets in those centres and to promote the yuan as a major international...

IATA: Global airline losses to hit US$9b

2009-06-09 GLOBAL airlines are likely to lose US$9 billion this year, the International Air Transport Association said yesterday, nearly double its estimate of just three months ago, as rising fuel prices and weak demand create an unprecedented crisis for the...

Shell: Excess refining capacity KUALA LUMPUR

2009-06-09 ROYAL DUTCH SHELL CEO Jeroen van der Veer said yesterday that looking at current poor margins, the world has more oil refining capacity than needed.But van der Veer said he is seeing early signs that Western gasoline and diesel markets are steadying...

Global airlines eye more consolidation

2009-06-09 AIRLINES around the world are banding together to build scale and tap into growth regions as the global economic crisis shrinks demand for air travel and causes billions of US dollars in losses.Singapore Airlines, the world's leading carrier by...

Monday, 8 June 2009

Japan-China economic ties

2009-06-08 ASIA'S top two economic powers, Japan and China, agreed yesterday to strengthen cooperation in trade, technology and other areas, saying their ties have significant impact on the global economy.The countries agreed to launch bilateral talks and...

Palm launches 'iPhone killer'

2009-06-08 SMALL crowds gathered on Saturday for the official launch of Pre, the smartphone seen as Palm Inc's best chance to claw back market share from Apple Inc's iPhone and Research In Motion Ltd's Blackberry.The new high-end phone, considered a pivotal...

Airline sector outlook still grim: Execs

2009-06-08 DEMAND for air travel could decline further despite signs of a more stable global economy, and prospects of a recovery this year look slim, industry executives said at a meeting of the world's airlines yesterday.Airlines have been suffering from...

An excess baggage of restrictions

2009-06-08 GOVERNMENTS should extend the aviation industry the same opportunity like others in running its business especially during difficult times like this, said the International Air Transport Association (IATA).Its director general and chief executive...

BUSINESS BRIEFS

2009-06-08 br />Cairns Group meets on Doha roundNUSA DUA, INDONESIA: Nineteen leading agricultural exporting nations, including Australia, Brazil and South Africa, kicked off talks in Bali yesterday aimed at pushing forward troubled world trade negotiations...

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