Archive for August 21st, 2010

US woes weigh on markets

21-Aug-2010 Intellasia | Business Times | Reuters | AFP | Bloomberg | AP | 3:07 PM

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’

21-Aug-2010 Intellasia | Bloomberg | 2:41 PM

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

21-Aug-2010 Intellasia | Reuters Africa | 7:01 AM

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

21-Aug-2010 Intellasia | Reuters Africa | 7:01 AM

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

21-Aug-2010 Intellasia | Automated Trader | 7:01 AM

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

21-Aug-2010 Intellasia | Reuters | 7:01 AM

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

21-Aug-2010 Intellasia | Reuters | 7:01 AM

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

21-Aug-2010 Intellasia | Wall Street Journal | 7:01 AM

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

China launches yuan trade settlement scheme with N Korea

21-Aug-2010 Intellasia | AFP | 7:01 AM

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

21-Aug-2010 Intellasia | AP | 7:01 AM

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

21-Aug-2010 Intellasia | AP | 7:01 AM

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

21-Aug-2010 Intellasia | Wall Street Journal | 7:01 AM

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

21-Aug-2010 Intellasia | Reuters | 7:01 AM

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

N Korea says consensus with China on nuclear talks

21-Aug-2010 Intellasia | Reuters | 7:01 AM

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

21-Aug-2010 Intellasia | Bloomberg | 7:01 AM

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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