Bussiness News

  • Hong Kong bans ex-CLSA banker from finance jobs, AS AP - Mon, Nov 23

    HONG KONG (AP) Hong Kong regulators on Monday banned a former banker at one of Asia's top stock brokerages from the territory's financial industry for life after he was jailed for insider trading.

  • China's Haitong Securities to buy Hong Kong broker, AS AP - Mon, Nov 23

    SHANGHAI (AP) Haitong Securities has agreed to acquire Hong Kong-based rival Taifook Securities for 1.82 billion Hong Kong dollars ($236 million) in the first such takeover by a mainland Chinese securities house, the companies said Monday.

  • Thai economy expands 1.3 percent in Q3, 1st Ld-Writethru, AS AP - Mon, Nov 23

    BANGKOK (AP) Thailand's economy grew for a second straight quarter as government stimulus spending and an improvement in manufacturing propelled its recovery from recession, the government said Monday.

  • Singapore consumer prices fall for seventh month, AS AP - Mon, Nov 23

    SINGAPORE (AP) Singapore's consumer prices fell in October for a seventh month as property values slid from a year earlier.

  • Mon, Nov 23

    SINGAPORE (AP) Crude prices rose above $78 a barrel Monday in Asia as Iran staged five days of war games, boosting tensions in the oil-rich region. Benchmark crude for January delivery was up 78 cents to $78.25 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 26 cents to settle at $77.20 on Friday.

  • Asia stocks mixed as figures on US economy awaited AP - Mon, Nov 23

    SEOUL, South Korea (AP) Asian stock markets were mixed Monday after a decline on Wall Street and as investors hunkered down ahead of a stream of figures that could confirm the U.S. economy is recovering at a slower pace.

  • Miners' families want answers in China mine blast, AS
    Miners' families want answers in China mine blast, AS AP - Mon, Nov 23

    HEGANG, China (AP) Grieving miners' families demanded answers Monday from mining officials about the underground gas explosion that left at least 104 men dead in northeastern China.

  • Survivors recount China mine disaster; 104 dead, 5th Ld-Writethru, AS
    Survivors recount China mine disaster; 104 dead, 5th Ld-Writethru, AS AP - Mon, Nov 23

    HEGANG, China (AP) When gas levels suddenly spiked deep in the Xinxing coal mine, Wang Jiguo grabbed two co-workers and they ran for their lives.

  • Japan markets closed, AS AP - Mon, Nov 23

    TOKYO (AP) Japanese financial markets were closed Monday due to a public holiday. The markets will reopen Tuesday.

  • AirAsia swings back to $38.4 million profit in Q3, AS AP - Fri, Nov 20

    KUALA LUMPUR, Malaysia (AP) Budget carrier AirAsia said Friday its net profit totaled 130 million ringgit ($38.4 million) in the third quarter, buoyed by rising passenger numbers and income from add-on services.

  • Malaysia's economy shrinks 1.2 percent in Q3, 1st Ld-Writethru, AS AP - Fri, Nov 20

    KUALA LUMPUR, Malaysia (AP) Malaysia's economy shrank 1.2 percent in the third quarter, an improvement from the previous two quarters as the financial services and construction sectors gained strength, the government said Friday.

  • China's CNPC agrees to expand Sudan refinery, AS AP - Fri, Nov 20

    SHANGHAI (AP) China National Petroleum Corp., the country's biggest oil and gas producer, said Friday it has signed agreements with Sudan to expand a refinery and swap oil production assets.

  • Sony hopes online service will build brand loyalty, AS AP - Fri, Nov 20

    TOKYO (AP) Sony's new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said Friday.


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