Category: FinanceAsia
Australian dollar depreciates against the US dollar
Australian dollar today April 2 rose by 0.6% to the highest level during the last ten-years after hearing about a report that the country’s retail business result and [...]
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Obstacles to US foreign market access linger, USTR reports
Unfair trade barriers continue to block US access to several important markets, according to a new report from the Office of the US Trade Representative (USTR). [...]
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Lower cost Vietnam could chip away India’s US$48b booming info-tech industry
Rising wages and a shortage of skilled workers threaten to blunt the competitive edge of India’s flagship 48-billion-dollar information technology industry, experts [...]
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Asian Development Bank forecasts robust economic growth for developing Asia this year
The Asian Development Bank expects robust economic growth to continue in developing Asian nations this year, although a bit more slowly than in 2006. The bank credits [...]
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Key shareholder rejects bid for Qantas
Private equity firms bidding for Qantas Airways scrambled to keep their proposal on track today, extending the closing deadline by two weeks as a key shareholder rejected the [...]
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Hutchison Telecom posts first annual profit
Hutchison Telecommunications International has reported its first yearly profit, after posting a profit of HK$201 (US$25.7) million, compared to a loss of HK$768 (US$98.3) [...]
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Maybank eyes insurance expansion
Malayan Banking Bhd (Maybank) is seeking opportunities in the region to grow its insurance business, its chief executive said on March 21. Maybank, the country’s [...]
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Scotiabank sees `meaningful’ Asia profit in decade, Waugh says
Bank of Nova Scotia, Canada’s third-biggest bank, expects “meaningful” earnings from its Asian expansion in five to 10 years, Chief Executive Officer [...]
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Banks seek acquisition targets in emerging markets
Banks are gearing up efforts to find acquisition targets in emerging markets, while introducing programmes to train their employees at foreign financial firms. Kookmin Bank, [...]
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Asia markets lower, concern of yen carry trade wind down
Asian stocks eased on Friday after a one-day rebound ran out of steam with exporters such as Honda Motor struggling to gain traction amid worries about the U.S. economy and [...]
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Europe, Asia won’t weather a US slowdown
As the $13.3 trillion U.S. economy slows, will the rest of the world pick up the slack? It’s a question that has bedeviled economists. The debate over whether global [...]
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Outflow from Asia funds hit record in early March
With investors spooked by the steep drop in world markets at the end of February and the rising value of the yen, redemptions from funds dedicated to Asian countries except [...]
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Cheap Asian labour has its limits
Now may be a wise time for the nation’s manufacturers to ponder a new phase of branching out into the rest of Asia. I have had this view since returning recently from [...]
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Shin Corp saga could hit foreign investment, analysts say
Monday, March 12, 2007 Thailand’s takeover of a private TV station could be the first step in dismantling the business empire founded by ousted premier Thaksin [...]
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Australia’s Qantas eyes Asian growth as takeover looms
Takeover target Qantas is positioning itself for expansion in Asia, with the Australian flag carrier’s regional low-cost brand Jetstar set to provide much of the [...]
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