Archive for February, 2010
China, Zambia sign mining, economic zone pacts
China and Zambia signed a mining agreement and a deal to set up a joint economic zone Thursday, as the presidents of the two nations agreed to expand economic and trade ties. [...]
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Citibank to expand its consumer banking operations in Singapore
Citibank is gearing up to expand its operations in Singapore, thanks to an improving economic outlook. The lender said it expects to see double-digit growth for most of its [...]
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Indonesia, UN launch ocean climate initiative – summary
Indonesia and the United Nations Environment Programme (UNEP) on Thursday launched a global project to assess the potential of marine ecosystems to reduce the effects of [...]
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Philippine business confidence at 2 yr high- poll
Philippine businesses expect the economy to pick up in the current and coming quarters, driven by higher spending related to national elections in May and steady remittances [...]
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China warns US over future Taiwan arms sales
China warned the US on Thursday against any future arms sales to Taiwan and reaffirmed its decision to suspend military exchanges over Washington’s plan to sell $6.4 [...]
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Indonesia to tighten anti-trust checks on bank M&As
Indonesia is set to introduce a regulation forcing parties involved in mergers and acquisitions of banks with a minimum combined asset value of 20 trillion rupiah to report [...]
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RBS sells Philippine unit to local buyer
Royal Bank of Scotland Group Plc has agreed to sell its Philippine banking unit to conglomerate JG Summit Holdings Inc for an undisclosed sum, the Philippine buyer said on [...]
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Philippine debt sold by Fortis as election fuels drop
Global investors are bracing for further declines in Philippine bonds, Asia’s worst performers this year, on concern the nation’s first change in president in [...]
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HK exports jump 18pct in biggest gain since 2006
Hong Kong’s exports jumped 18.4 percent last month from a year earlier, the biggest gain since 2006, after falling the most in half a century in January 2009. Overseas [...]
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Korea endorses sending troops back to Afghanistan
South Korea’s legislature has approved sending troops back to Afghanistan after withdrawing them in 2007. The National Assembly approved Thursday a government proposal [...]
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Malaysia Pacific hoping to reap profits this year
Property developer Malaysia Pacific Corp Bhd (MPCB) is hoping to return to profitability this financial year amid plans to launch a multi billion-ringgit project in Iskandar [...]
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Japan says industrial output up 2.5pct
Japan’s industrial output in January rose 2.5 percent from December for the 11th straight monthly gain, the government said Friday. Consumer prices, however, continued [...]
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Japan deflation persists as consumer prices fall 1.3pct
Japan’s consumer prices fell for an 11th month in January, putting renewed pressure on policy makers to eradicate deflation that hampers the recovery. Prices excluding [...]
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Indonesia Astra International 2009 net profit up 9.2pct
PT Astra International Tbk, Indonesia’s largest automotive distributor, on Thursday reported a better-than-expected 9.2 percent rise in 2009 net profit. Astra, [...]
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China faces balancing act in Iran nuclear issue
Renewed calls for sanctions against Iran for its nuclear ambitions have forced China to engage in a tough balancing act between appeasing its close trading partner and [...]
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