Business » World

Sunday, 14 June 2009

G8 nations' recovery shaky

2009-06-14 THE world's rich nations believe their economies are stabilising, but recovery from the credit crisis remains shaky, Group of Eight finance ministers said in an end of meeting statement yesterday. "There are signs of stabilisation in our...

US drops Laos, Cambodia from trade blacklist

2009-06-14 US PRESIDENT Barack Obama on Friday removed Laos and Cambodia from a trade blacklist, opening the way for US loans to companies doing business in the former US adversaries.The US has been boosting ties with both Southeast Asian nations. But the...

BUSINESS BRIEFS

2009-06-14 China carriers okay key merger terms SHANGHAI: China Eastern Airlines and its smaller rival Shanghai Airlines have reached agreement in principle on major issues for a merger, a senior airline executive yesterday said. China Eastern's Chairman...

M'sia eyes better perks for foreign investors

2009-06-14 MALAYSIA is considering better incentives to attract more foreign investors to the country, Minister in the Prime Minister's Department Nor Mohamed Yakcop yesterday said.He said the new incentives are needed as the quest for foreign investment will...

Saturday, 13 June 2009

Singapore tough on Myanmar

2009-06-13 SINGAPORE'S new investment in Myanmar hinges on the progress of democracy there, Singapore Senior Minister Goh Chok Tong has told the ruling generals during a recent visit, local media reported yesterday. "I believe no Singapore investor will...

US aid to auto industry may distort global trade

2009-06-13 US FINANCIAL aid to carmakers and a number of stimulus packages adopted by other countries to fight the economic slowdown could distort global trade, a confidential European Commission report said. "The majority of the measures in the stimulus...

New data boosts recovery hopes

2009-06-13 CHINESE factory output surged in May and improved Japanese output in April fuelled hopes yesterday that Asia can lead a global recovery, though a record drop in eurozone industrial production showed much of Europe lagging.The Chinese figures, which...

BUSINESS BRIEFS

2009-06-13 Malaysia Airlines slides into red in Q1KUALA LUMPUR: Malaysia Airlines yesterday said it sank into the red in the first quarter, with losses of RM695 million ($287.7 million) due to weaker demand, overcapacity and volatile fuel prices. The national...

US$3.2t jet market in next 20 yrs

2009-06-13 BOEING forecasts a US$3.2 trillion ($4.6 trillion) market for new commercial aeroplanes over the next 20 years, even taking into account headwinds from the global recession, declining passenger and cargo traffic, and unpredictable fuel prices.The...

'Worst over for oil market'

2009-06-13 OPEC yesterday cut its forecast for world oil demand in 2009 further but said the worst appeared to be over for the market, adding to signs of a turning point in the outlook for oil.The Organisation of the Petroleum Exporting Countries (Opec) in its...

Microsoft skirts Europe antitrust rules

2009-06-13 MICROSOFT has said regulatory wrangling has prompted it to strip Internet Explorer Web browsers from copies of its Windows 7 operating system to be sold in Europe.The US software giant said Thursday it still plans to release the next generation of...

Asian markets gain on US, Chinese data

2009-06-13 MAJOR Asian stock markets advanced yesterday as improving economic data from the China and US supported views that the worst of the global recession is passing. European markets opened narrowly mixed.Japan's benchmark Nikkei 225 index closed above...

Barclays, BlackRock create biggest asset manager

2009-06-13 BLACKROCK has agreed to buy Barclays Global Investors to create the world's biggest asset manager, in a US$13.5-billion deal that British bank Barclays hopes will put to rest concerns about its capital.The cash and shares deal, unveiled in the...

Friday, 12 June 2009

Oil data points to 'waning' crisis

2009-06-12 OIL may be sending a message that the recession is easing up in advanced economies, the IEA said yesterday, raising its estimate for global demand for the first time for many months.The data suggested that this slight upward boost came from leading...

M'sia PM Najib vows no flip-flops on govt policies

2009-06-12 PRIME MINISTER Datuk Seri Najib Tun Razak at the 2010 Budget Consultation meeting in Putrajaya yesterday promised that all government policies would be consistent, with no "U-turns or flip-flops". He also revealed that there would be a...

IMF ups 2010 growth estimate to 2.4%

2009-06-12 THE International Monetary Fund has raised its global growth estimates for 2010 to 2.4 per cent from 1.9 per cent in April because of stimulus measures taken in recent months, a G8 source who has seen the latest figures said.The recovery will be...

Mazda aims for annual sales of at least 300,000 Mazda3

2009-06-12 THE head of Mazda Motor Corp said yesterday the automaker was targeting global annual sales of at least 300,000 cars for its top-selling Mazda3 compact, known as the Axela in Japan. "We're getting requests for more production from Canada,...

BUSINESS BRIEFS

2009-06-12 World auto sector set for 2010 reboundPARIS: The world auto sector, after suffering a sharp decline this year, is set for a five per cent sales rebound in 2010, a study forecast yesterday said. The IHS Global Insight research group said sales in...

China automaker keen on Volvo

2009-06-12 BEIJING Automotive Industry Holding Corp (BAIC) is interested in buying Ford Motor Co's Volvo car unit, the Wall Street Journal reported, adding a new name to a list of potential Chinese bidders for the Swedish luxury car brand.A team of BAIC...

China exports dive as investments soar

2009-06-12 CHINA'S exports plummeted for a seventh straight month in May, data showed yesterday, as the world's third biggest economy continued to feel the strain of the global economic slump.However, investment in fixed assets soared as Beijing tries to boost...

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