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China urges major countries to stabilize currency

Beijing :: China | about 12 hours ago | Business News

Source: China News

China on Friday urged major countries to stabilize their currency, saying it's "very important" for a stable international financial environment. Addressing a press conference held here Friday after the fifth Sino-US Strategic Economic Dialogue (SED), Zhu Guangyao, assistant minister...

28 news stories / 28 blog posts / 30 images / 11 videos / 0 voices

Lower inflation fails to lift Philippine bourse

Manila :: Philippines | about 17 hours ago | Business News

Source: GMA News

Share prices on Friday ended the week flat with a downside bias as investors continued to be worried about the uncertainty in the global economy. Even the news of a lower-than-expected inflation for November has failed to lift the gloom...

16 news stories / 8 blog posts / 30 images / 3 videos / 0 voices

China releases plans for fuel tax increases

Shanghai :: China | about 1 hour ago | Business News

Source: International Business Times

The plan, announced Friday and scheduled to take effect on Jan. 1, would raise tax on gasoline to 1 yuan (14 cents) from the current rate of 0.2 yuan (3 cents). The tax on diesel would rise from 0.1 yuan...

4 news stories / 7 blog posts / 0 images / 2 videos / 0 voices

Car dealers get $2bn lifeline

Sydney :: Australia | about 9 hours ago | Business News

Source: Adelaide Now

Wayne Swan says it has struck a $2 billion deal to prevent the financial collapse of the car sales industry. Car dealers facing closure because of the credit crunch as a result of the global financial crisis will now be...

6 news stories / 7 blog posts / 17 images / 1 video / 0 voices

Chinese shares close slightly higher

Shanghai :: China | about 7 hours ago | Business News

Source: China News

Chinese stocks closed slightly higher on Friday, extending gains for the third consecutive day. Shares in the agricultural and real estate sectors led the advance. The benchmark Shanghai Composite Index closed at 2,018.66 points, up 0.86 percent or 17.15 points,...

5 news stories / 7 blog posts / 0 images / 3 videos / 0 voices

Market follows oil, metals down

Shanghai :: China | about 12 hours ago | Business News

Source: Australian Broadcasting Corporation

In early trade this morning the All Ordinaries Index was down 14 points to 3,453 while the ASX 200 had lost 16 points to 3,516. Shares in Felix Resources almost doubled after a media report said a Chinese company was...

5 news stories / 4 blog posts / 5 images / 1 video / 0 voices

Shanghai Airlines may get cash injection

Shanghai :: China | about 4 hours ago | Business News

Source: China News

The State-owned Assets Supervision and Administration Commission of Shanghai is considering injecting cash into Shanghai Airlines to help the local carrier weather the current industry downturn, the 21st Century Business Herald reported Friday. The Chinese newspaper quoted an unnamed industry...

3 news stories / 0 blog posts / 1 image / 2 videos / 0 voices

Japan stocks extend losses ahead of US jobs data

Tōkyō :: Japan | about 5 hours ago | Business News

Source: Belleville News-Democrat

Japanese stocks ended the week with a whimper as investors wavered between hunting for bargains and staying cautious ahead of key U.S. jobs data later Friday. The benchmark Nikkei 225 stock average edged down 6.73 points, or 0.1 percent, to...

3 news stories / 0 blog posts / 3 images / 0 videos / 0 voices

Hanover meeting threatened by court injunction plea

Auckland :: New Zealand | about 16 hours ago | Business News

Source: New Zealand Herald

Confused Hanover investors are filing a court application this afternoon to have next week's vote on the troubled finance company's future postponed. Investors are due to decide at a meeting on Tuesday whether to accept the company's restructuring proposal, or...

6 news stories / 0 blog posts / 2 images / 0 videos / 0 voices

TransCo consortium gets franchise to operate grid

Manila :: Philippines | about 10 hours ago | Business News

Source: GMA News

The consortium which won the 25-year concession to operate the country's national grid has received the government's approval of its franchise. The National Grid Corp. of the Philippines said its franchise bill application has been signed into law by President...

3 news stories / 0 blog posts / 8 images / 0 videos / 0 voices