Search Results for 'Asia'

Oil prices hover near $80 in Asia trade

Oil prices hovered near $80 in Asia trade Friday as traders fretted over the weak fundamentals of the market, analysts said. New York's main contract, light sweet crude for December delivery, was up 33 cents to $79.95 a barrel. Brent North [...]

Posted On : Nov, 06 2009 | Comments : 0

Asians celebrate food festival in London

London's biggest Asian cultural festival kicks off in Brentford. Gunnersbury Park once again play host to the seventh London Mela, one of Europe's largest outdoor Asian festivals. Last year the festival attracted over 70,000 people and org [...]

Posted On : Aug, 17 2009 | Comments : 0

Oil prices down in Asian trade

Filed Under: Oil & Gas - Upstream activities, Economy and Business and Finance, Markets & Exchanges, Energy & Resources, Energy SINGAPORE--Oil was trading at about $56 a barrel in Asia on Monday amid a deepening recession in Eur [...]

Posted On : May, 18 2009 | Comments : 0

Is global money good for Asia?

THE world has certainly changed when two friends, one from the United States and one from Britain, suddenly sent me an email to ask what I thought of People’s Bank of China Governor Zhou Xiaochuan’s call for a global currency. [...]

Posted On : May, 09 2009 | Comments : 0

Oil prices up in Asian trade

SINGAPORE- Oil prices were higher in Asian trade Monday as hopes that the worst is over for the global economy overshadowed worries about the swine flu outbreak, analysts said. New York's main futures contract, light sweet crude [...]

Posted On : May, 04 2009 | Comments : 0

Oil prices lower in Asian trade on demand concerns

SINGAPORE: Oil prices continued to fall in Asian trade Wednesday as slumping US retail sales fueled worries of a slowdown in global oil demand, analysts said. New York's main futures contract, light sweet crude for delivery in May, eas [...]

Posted On : Apr, 15 2009 | Comments : 0

AirAsia Is World's Best Low Cost Airline

AirAsia took Skytrax's "World’s Best Low Cost Airline" award in a ceremony held at the Aircraft Interiors Expo 2009 in Hamburg, Germany on Wednesday. In a statement here today, AirAsia said the award, given by Skytrax under [...]

Posted On : Apr, 03 2009 | Comments : 0

Asian Development Bank offers to double aid to Pakistan

The Asian Development Bank (ADB) Thursday offered cash-strapped Pakistan to double its annual assistance to $3 billion during the incoming fiscal year staring July 1, a senior official of the bank said. “We can double Pakistan’ [...]

Posted On : Feb, 27 2009 | Comments : 0

Bank of East Asia Posts First Loss in Four Decades

Bank of East Asia Ltd., the Hong Kong lender that suffered a brief run on deposits in September, had its first loss in at least four decades after writing down the value of credit-market investments. The HK$855 million ($110 million) defic [...]

Posted On : Feb, 17 2009 | Comments : 0

Asian Money Rates Rise as Central Banks Fail to Unlock Credi...

Asian money-market rates climbed as injections of more than $32 billion by Japan and Australia and a round of global interest-rate cuts failed to unlock credit. The three-month interbank offered rate in Tokyo, known as Tibor, was fixed at [...]

Posted On : Oct, 10 2008 | Comments : 0

CORRECTED-ANALYSIS-SE Asian rice cartel plan "going nowhere"

A proposed "OPEC-style" rice cartel in Southeast Asia will go nowhere due to the inability of governments to cooperate with each other and control output from their farmers, analysts and traders said on Friday. Thai Prime Ministe [...]

Posted On : May, 06 2008 | Comments : 0

Asian stocks rise after Fed cut

Asian stock markets rose Wednesday as investors welcomed a hefty U.S. interest rate cut and a rally on Wall Street overnight. Sentiment was also lifted by better-than-expected earnings from major U.S. investment banks Goldman Sachs and Leh [...]

Posted On : Mar, 19 2008 | Comments : 0

Asian Stocks Slide on Subprime Concerns; Mitsubishi UFJ Fall...

Asian stocks fell, led by banks, after Citigroup Inc. said it will increase writedowns on subprime-linked investments by as much as $11 billion.Mitsubishi UFJ Financial Group Inc. fell for a third day, while National Australia Bank Ltd. dro [...]

Posted On : Nov, 05 2007 | Comments : 0

IPhone Knockoffs Steal Sales as Apple Delays in Asia

At the end of an alley in Taiwan's most violent city, a black Mercedes-Benz sedan blocks a sliding- glass door that opens only from within. Inside, technophiles can buy iPhone knockoffs for two-thirds the legitimate price.With a touch-scree [...]