Bussiness News

Uzbek state energy firm seals $2.5B plant deal, AS

AP - Fri, Nov 6

ALMATY, Kazakhstan (AP) Uzbekistan's state energy company has signed a $2.5 billion deal to create a joint venture with Malaysia's Petronas and South Africa's Sasol to build a synthetic liquid fuel production plant, the state company announced Friday.

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China criticizes US over pipe duties, AS AP - Fri, Nov 6
BEIJING (AP) China criticized Washington for imposing anti-dumping duties on Chinese-made steel pipes and launched a probe Friday of imported U.S. autos, adding to trade tensions two weeks before President Barack Obama visits Beijing.
Australia's central bank raises growth forecast, AS AP - Fri, Nov 6
SYDNEY (AP) Australia's central bank said Friday the country is accelerating faster than expected out of the global downturn thanks partly to demand from China, but warned against becoming too reliant on just a few countries for the recovery.
China blasts US steel pipe duties as protectionist, AS AP - Fri, Nov 6
BEIJING (AP) China on Friday blasted Washington's decision to impose anti-dumping duties on imports of Chinese-made steel pipe as protectionist ahead of President Barack Obama's visit to Beijing this month.
Singapore's DBS bank 3Q profit jumps 49 percent, AS AP - Fri, Nov 6
SINGAPORE (AP) Singapore's DBS Group Holdings Ltd. said Friday its third-quarter profit jumped 49 percent thanks to higher fees from stock broking and investment banking.
Prius top-selling car in Japan for sixth month, AS AP - Fri, Nov 6
TOKYO (AP) Toyota's popular Prius hybrid was the top-selling car in Japan in October for the sixth straight month, helped by tax breaks and government subsidies for environmentally friendly vehicles, an industry group said Friday.
World markets mixed ahead of US jobs report, 1st Ld-Writethru AP - Fri, Nov 6
SEOUL, South Korea (AP) Asian markets advanced Friday on the back of Wall Street's rally after upbeat economic figures revived confidence about the state of the American economy.
Asian markets rise after US rally on upbeat data AP - Fri, Nov 6
SEOUL, South Korea (AP) Asian markets advanced Friday on the back of Wall Street's rally after upbeat economic figures revived confidence about the state of the U.S. economy.
Oil nears $80 a barrel amid stock market surge AP - Fri, Nov 6
SINGAPORE (AP) Oil prices climbed toward $80 a barrel Friday in Asia as crude investors eyed a surge in global stock markets.
Oil rises above $80 amid stock market surge, 2nd Ld-Writethru AP - Fri, Nov 6
SINGAPORE (AP) Oil prices rose above $80 a barrel Friday in Asia as crude investors eyed a surge in global stock markets.
NZ Telecom Q1 earnings up 9 percent, AS AP - Thu, Nov 5
WELLINGTON, New Zealand (AP) Telecom Corp., New Zealand's largest listed company, reported a surprise lift in profits for the first quarter of the financial year thanks to a huge tax credit and strong growth in the mobile phone market.
Foreign buyers hate fakes unless they're shopping, AS AP - Thu, Nov 5
GUANGZHOU, China (AP) Thousands of foreign buyers flock to this southern city at this time of year for China's biggest trade show.
SkyTeam shows strong interest in wooing JAL, AS AP - Thu, Nov 5
INCHEON, South Korea (AP) Executives with SkyTeam alliance said Thursday they wanted Japan Airlines to join their group and suggested that doing so could be a boon for the troubled carrier.
Philippines' San Miguel reports stronger income, AS AP - Thu, Nov 5
MANILA, Philippines (AP) San Miguel Corp., the Philippines' largest food and beverage conglomerate, said Thursday strong growth in its beer and liquor units helped boost net income in the first nine months of the year by 173 percent.
Toyota surprises with profit, boosts forecast, 4th Ld-Writethru, AS AP - Thu, Nov 5
TOKYO (AP) Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery under way for Japan's giant automakers.
Toyota returns to profit as stimulus boosts sales, 3rd Ld-Writethru, AS AP - Thu, Nov 5
TOKYO (AP) Toyota Motor Corp. said Thursday it returned to a profit in the latest quarter and trimmed its projected red ink for the year, underlining the gradual recovery under way for Japan's giant automakers.
Toyota returns to profit in latest quarter, AS AP - Thu, Nov 5
TOKYO (AP) Toyota says it has returned to a profit in the latest quarter after government incentives boosted sales for the world's top automaker.
Toyota returns to profit at 21.8 billion yen in latest quarter after three quarters of losses, AS AP - Thu, Nov 5
TOKYO (AP) Toyota returns to profit at 21.8 billion yen in latest quarter after three quarters of losses.
World stocks drop amid economic recovery doubts, 2nd Ld-Writethru AP - Thu, Nov 5
SINGAPORE (AP) World stock markets dropped Thursday as the U.S. Federal Reserve failed to reassure investors that a lasting recovery in the global economy was taking hold.
Asia stocks drop amid economic recovery doubts AP - Thu, Nov 5
SINGAPORE (AP) Asian stocks markets dropped Thursday as the U.S. Federal Reserve failed to reassure investors that a lasting recovery in the global economy was taking hold.