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Thursday, 26 February 2009
WORLD stock markets mostly enjoyed sharp rebounds yesterday after US President Barack Obama pledged to revive the moribund economy, traders said.Nearing the half-way mark, London was up 1.33 per cent at 3,867.24 points, Frankfurt jumped 1.96 per...
JAPAN yesterday posted a record trade deficit and Hong Kong said its economy would shrink by up to three per cent in 2009 as recession woes deepened across Asia.US President Barack Obama, meanwhile, unveiled plans to help pull the world's biggest...
MALAYSIA and London can pave the way towards bridging Islamic financial markets between the East and the West, according to Bank Negara Malaysia's governor Tan Sri Dr Zeti Akhtar Aziz.She said the global financial crisis had highlighted several...
THREE potential bidders remain interested in the sale of a large stake in American International Group's US$20 billion Asian life insurance unit, people close to the matter said yesterday, as the auction heads into its final week.But hopes for the...
HONG KONG'S government forecast yesterday that the territory's economy will shrink this year for the first time since the Asian financial crisis more than a decade ago, but offered few handouts despite the global crisis.Financial Secretary John...
GOOGLE on Tuesday apologised for an outage that struck possibly millions of users of its email system, Gmail, earlier in the day. "The Gmail outage that affected many consumers and Google Apps users worldwide is now over. Users should find that...
THE European Union's executive will use the force of the law to fight countries which give unfair support to their car industries, whether it happens in the EU or the United States, officials in Brussels said yesterday. The threat comes as the US...
MICROSOFT CEO Steve Ballmer said on Tuesday that he still wanted to form an alliance with Yahoo to combat the dominance of Google in search advertising. But in his annual forecast to financial analysts of Microsoft's plans for the year, he ruled...
SINGAPORE could lose a total of 99,000 jobs during the current recession, with more than half of the cuts in the key manufacturing sector, an analysis by local bank DBS said yesterday."There will be a net loss of about 99,000 jobs due to the...
br />Philippines' first exports of Galoc crudeSINGAPORE: The Philippines has made the first oil exports from its new Galoc field, originally aimed for use by domestic refineries, to capitalise on better prices of sour crude in regional markets,...
MALAYSIA is in a state of readiness to face the global economic slowdown and will strive to avert protracted unemployment, Prime Minister Datuk Seri Abdullah Ahmad Badawi said yesterday."Our experiences in past crises have put us in a good...
Wednesday, 25 February 2009
AN INFLUENTIAL adviser to Philippine President Gloria Arroyo yesterday urged her to borrow money for a 360 billion pesos (US$7.5 billion) package to help the poor cope with the global slowdown."You have to create demand," Dow Jones...
TAIWAN's January export orders dropped a record 42 per cent from a year earlier, in line with expectations, signalling a slump in global demand is deepening and pointing to more dire exports figures from the rest of Asia.Indeed, Japan is expected to...
THE number of consumers in Singapore struggling to pay their credit card bills and personal loans rose in the fourth quarter, data showed yesterday, as recession deepened in the city-state.The proportion of consumers who had delinquent personal...
JAPAN'S government is looking at expanding stock buying and taking other steps to support the share market, Finance Minister Kaoru Yosano said yesterday, amid growing fears for the economy as sliding stocks erode the capital of banks.Banks, large...
WORLD equity markets spiralled lower yesterday after Wall Street had struck a near 12-year low overnight, as investors were unconvinced by Washington's bank rescue strategy, analysts said.Tokyo shares dived to within striking distance of a 26-year...
COUNTRIES long seen as financial havens have been quietly sealing deals to offer more cooperation on tax reporting as Switzerland faces growing pressure over its banking secrecy, which is alleged to encourage tax cheats.Malcolm Couch, who is...
JUST last summer Oleg Deripaska was Russia's richest man, whose US$40-billion fortune and courting of politicians aboard his superyacht symbolised the success of a new breed of Russian tycoon.Barely six months later, the story could not be more...
CHINA should make contingency plans to retaliate against the United States for its policies aimed at protecting domestic producers, a researcher at a government think-tank said.Long Guoqiang, an economist with the Development Research Centre, said...
br />China on shopping binge in EuropeBEIJING: Chinese Commerce Minister Chen Deming was set to fly to Europe yesterday at the head of a 300-strong team charged with spending billions of dollars on European products, state media said. The...
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