Business » World

Friday, 10 April 2009

Wii promises to fight back

2009-04-10 NINTENDO Co said that it would launch a new version of its blockbuster "Wii Sports" software in Japan in June to shore up flagging Wii console sales in its home market but that it planned no hardware price cuts at the moment.Nintendo's...

BUSINESS BRIEFS

2009-04-10 br />Indian output shrinks, prices coolNEW DELHI: India's industrial output shrank and inflation headed closer to zero amid the global slump, official data showed, but analysts saw hints of an upturn in Asia's third-largest economy. Factory and...

Japan's third-largest bank SMFG facing loss, to raise up to US$8b

2009-04-10 SUMITOMO Mitsui Financial Group (SMFG), Japan's third-largest bank, said it faced a net loss of US$3.9 billion in the financial year just ended and would raise up to US$8 billion through a share sale.The fundraising means Japan's big banks, having...

No sign of US recovery

2009-04-10 THE US Federal Reserve no longer sees signs of recovery this year from a prolonged recession and only weak growth in 2010, according to minutes of a policy-setting meeting on Wednesday.Despite massive interventions by the Fed and other government...

Stocks rise in light trading

2009-04-10 GLOBAL equities rose yesterday in light trading ahead of the Easter holiday weekend as investors sought further signs of optimism in the financial crisis that has hit economies from Australia to Ireland.Japan's larger-than-expected US$154-billion...

Cheapest car goes on sale in India

2009-04-10 THE world's cheapest car went on sale yesterday, with dealers and the company behind it confident of strong demand despite a slump in global car sales amid the world economic downturn.Bookings opened for orders of Tata Motors' 100,000 rupee (US$2,...

Thursday, 9 April 2009

BUSINESS BRIEFS

2009-04-09 br />SE Asia fears for regional banksPATTAYA, THAILAND: Senior Southeast Asian finance ministry officials fear that the problem of bad debt held by banks in Western nations could soon spread to their region, a Thai official said yesterday. The...

Japanese, German data jolts investors

2009-04-09 JAPAN prepared another stimulus package yesterday and German exports slumped as the global crisis further undercut the old economic order, jolting investors hoping for a return to business as usual.Japanese press reports said earlier in the day the...

Stocks fall, ¥ rises on earnings woes

2009-04-09 WORLD stocks slipped for a third session in a row yesterday and government bonds and the low-yielding yen gained as poor earnings from US aluminium group Alcoa sparked concerns about other corporates.US stocks fell more than two per cent on Tuesday...

DBS says eyeing market share gains

2009-04-09 DBS GROUP, Southeast Asia's biggest bank, is well-capitalised and plans to take advantage of opportunities to increase its market share as foreign banks retreat from Asia, its chairman said yesterday.The remarks were a sign how DBS, like other Asian...

Toyota's green, tiny iQ

2009-04-09 TOYOTA'S new tiny car doesn't boast any state of the art hybrid or plug-in technology. But the iQ has plenty else packed into a diminutive frame that blends stylish curves with safety, fuel efficiency and smooth handling.The iQ at less than three...

Temasek digs for huge resource assets

2009-04-09 TEMASEK, like other Asian and Middle Eastern sovereign wealth funds, is digging for deals in mining and oil, as it licks its wounds from financial sector investments that have soured in a global crisis.The state investor is eyeing "...

China, Japan battle for Asian influence

2009-04-09 CHINA and Japan will battle for influence in Southeast Asia at a key summit this week, holding out the promise of economic aid as the region reels from the impact of the global downturn.The Asian giants are trying to win not only the lion's share of...

China, Asean to wrap up FTA at bloc's summit

2009-04-09 CHINA and the Association of Southeast Asian Nations (Asean) are likely to sign an investment treaty this week, capping long-running talks for a comprehensive trade agreement, a senior Chinese diplomat said yesterday.China signed an initial free...

Gold could hit record US$1,100

2009-04-09 THE gold price could rise to a record above US$1,100 an ounce in the coming months, as investors seek to guard against rising inflation, precious metals consultancy GFMS said this week."The consultancy believes (gold) could easily re-attain the...

Swiss freeze money for OECD in tax haven spat

2009-04-09 SWITZERLAND has frozen a financial contribution to the OECD in protest at being included on the organisation's tax havens list without being consulted, the economy ministry said yesterday."Switzerland used its veto rights" to withhold...

CITIC Pac founders quit after US$1.9b FX losses

2009-04-09 BEIJING-BACKED CITIC Pacific, a steel to property conglomerate, said chairman Larry Yung, once China's richest man, and managing director Henry Fan had quit the company, which was rocked by US$1.9 billion in foreign exchange losses last year.CITIC...

Wednesday, 8 April 2009

Donors agree to triple ADB's capital base

2009-04-08 DONORS of the Asian Development Bank have in principle approved tripling the bank's capital base to US$165 billion to boost lending, ending months of discussion linking the increase to reforms at the multilateral institution.ADB spokeswoman Ann Quon...

E Asia faces slower growth, fewer jobs

2009-04-08 DEVELOPING nations in East Asia face a sharp slowdown in economic growth and a "painful surge" in unemployment that will prevent millions of people escaping poverty, the World Bank warned yesterday.A precipitous drop in global demand is...

OECD takes four tax havens off blacklist

2009-04-08 FOUR finance centres blacklisted last Thursday in a renewed crackdown on tax fraud were taken off the list yesterday after committing to international standards on bank information disclosure.The Organisation for Economic Cooperation and Development...

Pages