Archive for August 21st, 2010
US woes weigh on markets
A fresh batch of disappointing figures from the US and losses on Wall Street sent Asian markets tumbling yesterday August 20. And the dollar remained under pressure from the [...]
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Vietnam dong slumps to record low as adviser warns of ‘shock’
Vietnam’s currency dropped for a fourth straight day to a record low after an adviser to the Prime Minister said the country risks a foreign-currency liquidity [...]
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Inpex to start building Indonesia LNG plant in 2011-govt
Indonesia expects Japan’s Inpex Corp (1605.T: Quote) to start construction of a $10 billion floating liquefied natural gas (LNG) plant next year in the Timor Sea, [...]
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Malaysia’s MISC posts 83pct rise in Q1 net profit
MISC Bhd (MISC.KL: Quote), the shipping arm of the state oil firm Petronas [PETR.UL], reported a 83 percent rise in first quarter earnings, boosted by profitability from its [...]
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PetroVietnam: Signed oil cooperation MoU with TNK-BP
State-run Vietnam Oil and Gas Group, or PetroVietnam, said Thursday it has signed a memorandum of understanding on oil and gas cooperation with Russia’s TNK-BP. [...]
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Singapore’s Capitaland unit to sell assets worth $717m
Capitaland (CATL.SI), Southeast Asia’s biggest developer, said on Friday its serviced residence business unit, The Ascott Ltd, will divest its 28 properties to Ascott [...]
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Japan’s Ozawa may challenge PM in party vote – report
Japanese ruling Democratic Party powerbroker Ichiro Ozawa, a critic of proposals to raise the sales tax to rein in huge public debt, is considering running against prime [...]
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Taiwan MOF: Eye NT$363b of bond issuance in 2011
Taiwan Finance minister Lee Shush-der said Thursday the government will likely need to issue NT$363 billion in debt next year, pushing outstanding government debt close to [...]
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China launches yuan trade settlement scheme with N Korea
A city in northeastern China has launched a trial programme allowing exporters to use the yuan to settle transactions with isolated neighbour North Korea, local authorities [...]
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Beijing: China’s top nuclear envoy visited N Korea
China’s top nuclear envoy traveled to North Korea this week to discuss the resumption of six party talks on the North’s nuclear weapons programme, Beijing said. [...]
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US-Philippines project to combat human trafficking
The Philippines and the United States have signed an agreement on a three-year joint effort to combat human trafficking. The US will provide $500,000 and an American legal [...]
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Singapore dollar firmer late as China moves to open FX trade
The Singapore dollar was stronger late Thursday after the Chinese authority liberalised trade in its currency against the Malaysian ringgit and signalled its intentions for [...]
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Japan bond buying helps push down US yields,dollar/yen
Japanese banks continue to pour funds into US Treasuries, contributing to a sharp fall in US government bond yields, a key factor behind the dollar’s slide to a 15-year [...]
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N Korea says consensus with China on nuclear talks
North Korea said it has reached a consensus with China concerning the resumption of international talks on ending its nuclear arms programme, the North’s official news [...]
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San Miguel said to end talks on $1b sale of hot-dog unit
San Miguel Corp., the Philippines’ biggest food and drinks maker, ended talks to sell its hot-dog unit for more than $1 billion after failing to agree on terms with the [...]
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