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Tuesday, 13 January 2009

Ukraine signs gas deal to resume Russian supplies

2009-01-13 UKRAINE removed conditions yesterday that threatened a gas deal to resume Russian supplies, opening the way for the rival former Soviet states to resolve a row that has plunged much of Europe into an energy crisis.The removal of the additions, which...

Economy worries hits world stocks and oil again

2009-01-13 EQUITIES kicked off the week on a down note and the euro fell yesterday with recurrent worries about the global economy pushing investors away from riskier assets and also driving oil below US$39 a barrel.Wall Street looked set for a subdued start....

Citi close to M Stanley brokerage deal

2009-01-13 CITIGROUP Inc was closer to a deal on Sunday to join its Smith Barney business with Morgan Stanley's brokerage operation in a move that would create the world's largest retail brokerage.The creation of the joint venture deal would lead to Morgan...

World Bank names Indian IT firms in blacklist

2009-01-13 THE World Bank on Sunday said it plans to publish in the future the names of all companies it bans from doing work with the poverty-fighting institution, and immediately listed three Indian companies.The Bank said the move aligns its disclosure...

China auto sales slump stealsthunder from Detroit show

2009-01-13 CHINA posted a sharp fall in 2008 auto sales growth yesterday as makers worldwide grapple with slowing demand, including US giants General Motors Corp and Ford, which are under pressure to shed Swedish subsidiaries Saab and Volvo.The Detroit auto...

BUSINESS BRIEFS

2009-01-13 br />India plans to cut fuel prices in 10 daysNEW DELHI: India plans to cut the price of fuel in 10 days, a move analysts say is aimed at pleasing voters and lifting business sentiment ahead of general elections due by May. "We have to...

Job cuts fuel recession fears

2009-01-13 AUSTRALIA'S jobs market showed signs of cracking yesterday under the weight of the crumbling global economy and British Prime Minister Gordon Brown was set to pledge more help for the long-term unemployed.US President-elect Barack Obama vowed to...

'Significant pick up' for global economy in 2010

2009-01-13 THE global economy will slow sharply this year before posting a "significant pick up" in 2010, the Group of 10's central bankers said yesterday."If there is (the) overall sentiment that the global economy will slow down significantly...

Monday, 12 January 2009

Japan PM in Seoul, aims to boost economic ties

2009-01-12 JAPANESE Prime Minister Taro Aso began a visit to South Korea yesterday that is likely to focus on building economic ties and steer clear of lingering disputes as the two countries battle the global financial crisis.Aso and South Korean President...

AirAsia X eyes Japan

2009-01-12 LONG-HAUL budget airline AirAsia X yesterday said it hoped to launch flights to at least three destinations in Japan by year-end after Tokyo relaxed its tough visa requirements for Malaysians."With our new A330-300 being delivered, I hope to...

Germany hammering out new stimulus

2009-01-12 GERMAN Chancellor Angela Merkel's government is to hammer out a major new stimulus package this week for Europe's biggest economy but her fractious coalition is still divided on the details.The €50-billion (US$67-billion) raft of measures over...

M'sia sure it will dodge recession

2009-01-12 MALAYSIA will not slip into a recession this year, a government official said, as he urged the nation's banks to keep offering loans to small and mid-sized businesses to maintain private sector confidence, news reports said yesterday.The impact of...

Saudi set to cut Feb output: Sources

2009-01-12 TOP exporter Saudi Arabia plans to cut oil output by up to 300,000 barrels per day below its agreed Opec target a proactive step to prop up a collapsing market, industry sources said yesterday.Opec's most influential member has lowered supply this...

Ukraine, Russia, EU sign deal to get gas flowing

2009-01-12 UKRAINE, Russia and the EU struck an agreement yesterday that should enable the resumption of Russian supplies via Ukraine to Europe, large parts of which have been plunged into a mid-winter energy crisis.But it was unlikely the gas would reach...

BUSINESS BRIEFS

2009-01-12 br />Boeing hampers Qatar Air expansionDUBAI: State-owned Qatar Airways is in talks to revise delivery of Boeing Co's 787 Dreamliner jet and is seeking compensation after the manufacturer's latest delay affected the airline's expansion. Ali al-...

Satyam dents India Inc's corporate governance record

2009-01-12 A BILLION-DOLLAR accounting scandal at one of India's top outsourcing firms has left the government and financial regulators scrambling to control the damage.Besides huge losses for investors, the scandal has seriously dented India Inc's reputation...

India names new board at Satyam; founders in jail

2009-01-12 INDIA appointed members to the new board of embattled outsourcer Satyam Computer Services yesterday, two days after dissolving the previous board in the wake of the country's biggest corporate scandal. Police charged Satyam chairman Ramalinga Raju...

Gas crisis reignites Europe nuclear debate

2009-01-12 CUTS in Russian gas supplies to Europe via Ukraine have reignited interest in Europe about using nuclear energy as an alternative to hydrocarbons, sparking environmentalists' ire."On nuclear energy, this crisis will have consequences for the...

Bull run over for Singapore property

2009-01-12 THE Year of the Ox begins later this month but the bull run is already over for Singapore's property sector, described as the world's hottest market just two years ago.Prices of private homes fell 5.7 per cent in the fourth quarter, following a 2.4-...

Sunday, 11 January 2009

Oil prices drop 2 per cent on US unemployment data

2009-01-11 OIL prices fell 2 per cent on Friday after data showing a big rise in US unemployment deepened the gloomy outlook for the world's biggest oil consumer. US crude for February delivery settled down 87 cents at US$40.83, with late short-covering...

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