Archive for May 25th, 2011

Business Briefs May 25

25-May-2011 Intellasia | | 8:31 PM

* Tasco Joint Stock Co (HNX-listed HUT) has recently said that it distributed 175,005 convertible bonds, accounting for 70 percent of the total volume of bond issuance, [...]
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VN Index slips to 386pts and HNX Index drops to 69pts

25-May-2011 Intellasia | Dan Tri | 8:28 PM

After the trading session today May 25, the VN Index lost the 400 point threshold and similarly the HNX Index also dropped to below the 70 point threshold. The liquidity [...]
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US looks to reduce dependence on China for critical minerals

25-May-2011 Intellasia | | 6:29 PM

The United States needs rare earth elements for hybrid cars, light bulbs and Tomahawk cruise missiles, and with only one domestic production plant for the foreseeable future, [...]
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Asian stocks fall as quake hobbles Japan exports

Asian stocks fall as quake hobbles Japan exports

25-May-2011 Intellasia | AP | 5:33 PM

Plummeting exports from earthquake-hobbled Japan and Europe’s deepening debt crisis sent Asian share markets lower Wednesday. Tokyo’s Nikkei 225 lost 0.4 percent [...]
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Court sets another hearing on dismissing Dunkley charges

25-May-2011 Intellasia | Mizzima News | 4:44 PM

After Australian journalist Ross Dunkley made a preliminary statement to the Kamayut Court Township Court on Tuesday regarding his case of criminal assault and immigration [...]
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More meltdowns feared, utility says

25-May-2011 Intellasia | | 4:42 PM

There may be meltdowns of fuel rods in two more reactors at Japan’s quake-damaged Fukushima Daiichi nuclear plant, the plant operator said Tuesday. Tokyo Electric Power [...]
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Burma prisoners go on hunger strike

25-May-2011 Intellasia | | 4:39 PM

A group of 22 political prisoners in Yangon’s notorious Insein jail has staged a hunger strike to demand better living conditions. The prisoners said they need more [...]
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AirAsia profit falls on fuel, staff costs as airline expands

25-May-2011 Intellasia | Bloomberg | 4:36 PM

AirAsia Bhd. (AIRA), Southeast Asia’s biggest discount airline, said first-quarter profit fell 23 percent due to higher fuel, maintenance and staffing costs as it added [...]
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Nautilus to raise around C$150m in offering

25-May-2011 Intellasia | Creamer Media's Mining Weekly | 4:34 PM

TSX- and Aim-listed Nautilus Minerals, the company that plans to mine copper and gold from the seafloor, has launched a market public offering of common shares and plans to [...]
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Korea’s short-term external debt rises

25-May-2011 Intellasia | | 4:30 PM

South Korea’s short-term external debt in the first quarter rose to $146.7 billion, up $11.7 billion from the previous quarter, the central bank said Tuesday. The [...]
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Shell mulls Philippines LNG import project, DOE hopes for 2012 tender

25-May-2011 Intellasia | Platts | 4:23 PM

The Philippines subsidiary of Anglo-Dutch major Shell is interested in participating in a proposed LNG import program in the country when a contracting round is launched, a [...]
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Mincor expands into PNG with $30m joint venture

25-May-2011 Intellasia | Creamer Media's Mining Weekly | 4:21 PM

Nickel miner Mincor Resources has extended its reach into Papua New Guinea (PNG) by signing a gold and copper exploration joint venture (JV) with local firm Niuminco and its [...]
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Statoil to buy Indonesia oil stakes

25-May-2011 Intellasia | Daily Markets | 3:57 PM

Norway-based oil group Statoil ASA (NYSE:STO) announced that it will acquire three offshore exploration licenses in Indonesia. The purchase prices of the stakes were not [...]
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Oil Optimization Inc commences seismic EIA In thailand

25-May-2011 Intellasia | | 3:35 PM

Oil Optimization Inc. (TSXV: OOI) (the “Company”) today announced that it has commenced an Environmental Impact Assessment (“EIA”) on Block L14/50, a [...]
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Tokyo up, thanks to Sony

25-May-2011 Intellasia | Business Times | Reuters | AFP | Bloomberg | AP | 3:22 PM

Asian stock markets were mixed yesterday Tuesday May 24 as bargain hunting after heavy losses in the previous session was tempered by concerns over China’s economy and [...]
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