LONDON, April 11 (AP): A British commission recommended Monday that banks should be reorganised so that firewalls protect retail operations from investment banking, an attempt to shield taxpayers from the sector's risk-taking without forcing the banks to split up. The...
MANILA, April 11 (Xinhua): The Philippine government plans to increase its rice imports by additional 300,000 metric tonnes (MT) to ensure supply to ease possible shortage which will be caused by storms in the second half of the year. If...
Events:The Benchmark General Index DGEN went down sharply to register loss of 4.48%. The market was on the downtrend from the start of trading as media coverage regarding the probe report and possibility of it getting published next week weighed...
STOCKHOLM, April 11 (AFP): Spyker Cars, the Dutch owner of beleaguered Swedish carmaker Saab, said Monday it was in talks to sell and then lease back Saab real estate as liquidity problems have halted Saab production. "Spyker Cars confirms that...
BEIJING, April 11 (Xinhua): Shanghai Electric had signed an agreement with KSK Energy of India to export 125 units of 2MW wind turbines to India, an executive of the Shanghai-based company, who declined to be named, said Sunday. This indicates...
COLOMBO, April 11 (LBO): A dollar peg in the Maldives which is coming under pressure from excess domestic money has hit the airline business and also cut the real wages of expatriate workers, a media report said. Minivan News an...
SINGAPORE, April 11 (AFP): The central banks of Singapore and China are in talks to set the city-state up as a trading hub for the Chinese yuan, a report said Monday. The move would allow Chinese banks to do more...
BEIJING, April 11 (Reuters): Sales of Mercedes cars in China will likely rise about 20 per cent this year, a senior Daimler AG executive said Monday. Ulrich Walker, chairman and CEO for Daimler Northeast Asia , gave the outlook in...
LONDON, Apr 11 (Reuters): Britain's top banks should shield their retail operations from riskier investment banking activities and hold more capital to protect taxpayers from any future financial crisis, a government-commissioned report said. Proposals outlined on Monday appear harshest for...
MANILA, Apr 11 (AFP): Top Philippine conglomerate San Miguel announced plans Monday to sell shares and convertible bonds worth a record $850 million. San Miguel said in a disclosure to the local stock exchange it would conduct the bond and...
DUBLIN, Apr 11 (Bloomberg): Bank of Ireland Plc and Allied Irish Banks Plc (ALBK), the Republic's two largest banks, will this week show if regulators are succeeding in staunching the outflow of deposits triggered by the country's financial crisis. Ireland's...
TOKYO, Apr 11 (Reuters): Nissan Motor Company has received complaints from owners that its Leaf electric car on occasion fails to start, posing a potential setback for the automaker's goal of promoting zero-emission vehicles. Japan's No.2 automaker said on Monday...
FRANKFURT, Apr 11 (AFP): German construction group Hochtief Monday cut sharply its 2011 forecasts after a profit warning from Australian unit Leighton, and said that its chief executive was stepping down. Shares in Hochtief plunged 9.2 per cent in Frankfurt....
SYDNEY, Apr 11 (AFP): Major Australian energy producer Woodside Petroleum Monday played down reports mining giant BHP Billiton was planning a US$50 billion takeover, saying it could not hide any serious proposals. For its part BHP, the world's biggest miner,...
NEW DELHI, Apr 11 (livemint): Insurance regulator Irda Monday said that policy holders will gradually have to pay more for motor, health and other general insurance covers as costs would go up due to companies setting aside higher funds for...
LONDON, Apr 11 (The Economic Times): GW Pharmaceuticals has signed up Novartis to sell its cannabis-based drug Sativex in a range of markets, marking a key endorsement for the treatment from the major Swiss pharmaceutical company. GW said Novartis will...
LONDON, Apr 11 (AFP): The Citigroup Tower in London's Canary Wharf business district has been put on the market for more than 1 billion pounds, as its owners try to recoup their investment made at the height of Britain's property...
SINGAPORE, April 11 (AFP): The central banks of Singapore and China are in talks to set the city-state up as a trading hub for the Chinese yuan, a report said Monday. The move would allow Chinese banks to do more...
BEIJING, April 11 (Reuters): Sales of Mercedes cars in China will likely rise about 20 per cent this year, a senior Daimler AG executive said Monday. Ulrich Walker, chairman and CEO for Daimler Northeast Asia , gave the outlook in...
SINGAPORE, Apr 11 (Bloomberg): Gold climbed to a record and silver topped $41 an ounce, gaining for a ninth straight day in the best run since March 2008, as investors sought precious metals as hedges against accelerating inflation. Immediate-delivery bullion...
SINGAPORE, Apr 11 (AFP): Oil retreated in Asian trade today as investors booked profits from last week's rally, but prices remain on an upward trend due to political volatility in the Middle East and North Africa. Analysts said any pullback...
DUBAI, Apr 11 (Commodity Online): Dubai Diamond Exchange (DDE), One of the world's leading diamond trading platforms said total diamond trade volume last year hit 268.7 million carats, up by 50 per cent from 178.1 million in 2009. In a...
TOKYO, Apr 11 (AFP): Japan's core private-sector machinery orders, a leading indicator of corporate capital spending, fell by more than expected in the month before a massive earthquake, data showed today. Core machinery orders fell 2.3 percent from a month...
LONDON, Apr 11 (Commodity Online): Despite the rising price of gold, investment bankers and commodities analysts are giving a thumps up for putting your money into the yellow metal. Marc Faber, who is a Swiss fund manager and publisher and...
SYDNEY, Apr 11 (AFP): Major Australian energy producer Woodside Petroleum Monday played down reports mining giant BHP Billiton was planning a US$50 billion takeover, saying it could not hide any serious proposals. For its part BHP, the world's biggest miner,...
NEW DELHI, Apr 11 (livemint): Insurance regulator Irda Monday said that policy holders will gradually have to pay more for motor, health and other general insurance covers as costs would go up due to companies setting aside higher funds for...
LONDON, Apr 11 (The Economic Times): GW Pharmaceuticals has signed up Novartis to sell its cannabis-based drug Sativex in a range of markets, marking a key endorsement for the treatment from the major Swiss pharmaceutical company. GW said Novartis will...
LONDON, Apr 11 (AFP): The Citigroup Tower in London's Canary Wharf business district has been put on the market for more than 1 billion pounds, as its owners try to recoup their investment made at the height of Britain's property...
SINGAPORE, April 11 (AFP): The central banks of Singapore and China are in talks to set the city-state up as a trading hub for the Chinese yuan, a report said Monday. The move would allow Chinese banks to do more...
BEIJING, April 11 (Reuters): Sales of Mercedes cars in China will likely rise about 20 per cent this year, a senior Daimler AG executive said Monday. Ulrich Walker, chairman and CEO for Daimler Northeast Asia , gave the outlook in...
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