Category: FinanceAsia
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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Some Australia oil output resumes after cyclone
Oil production on the islands of Barrow and Thevenard off the western coast of Australia will resume later on Friday following the passing of a cyclone earlier in the day, [...]
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Asia stocks extend losses
Asian stock markets continued to fall today as nervous investors shunned the region despite strong economic signals from some Asian countries. The trend spread to Europe, [...]
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CP spreads seeds across Asia
The world’s rising demand for food has prompted Charoen Pokphand Group to expand its seed business into major consuming countries, particularly India and China, as part [...]
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Independent central banks are a rare breed in Asia
The art of central banking is too important to be left to bankers. At least that’s what some Asian leaders seem to think. The Bank of Japan (BoJ) is still bowing to [...]
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Meeting to focus on waste and resource management in East and Southeast Asia
ADB is this week hosting a meeting focusing on waste management and efficient use of resources in East and Southeast Asia. Asia’s urban areas generate an estimated [...]
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