Editor's Picks

Busy Airbus A320 line

Business | Airlines and airports
2010-9-9

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Top politicians now prepared to intervene on yen's climb

Business | Macro-economy and policy
2010-9-9

JAPAN'S finance minister acknowledged currency intervention is an option for the first time since the yen's 14 percent rise, and a candidate to become prime minister sanctioned solo intervention as the yen jumped...

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Record Japan debt held

Business | Macro-economy and policy
2010-9-9

CHINA bought a record amount of Japanese debt this year when it purchased a net 640.8 billion yen (US$7.65 billion) in short-term bills in July. Its total net buying of Japanese debt has risen to about 2.3 trillion...

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Hiring to beef up corporate banking

Business | Banking
2010-9-9

JP Morgan Chase plans to hire 1,000 people worldwide this year as it invests US$100 million to build up its global corporate banking business while shedding reliance on its home market in the United States. The...

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Yangzijiang makes a strong debut on its listing in Taiwan

Business | Shipping and ports
2010-9-9

THE Taiwan Depositary Receipts of Yangzijiang Shipbuilding Holdings Ltd, the first Chinese mainland company to list on the island, made a strong debut on the Taiwan Stock Exchange yesterday, with its shares nudging...

Microsoft hopes Kinect spur Xbox sales

Business | Information industry
2010-9-9

BATTLING its Japanese gaming rivals on their home turf hasn't been easy for Microsoft Corp. Its Xbox 360 game console runs a distant third in sales in Japan behind Sony Corp's PlayStation 3 console and Nintendo...

Analysts calm over Vodafone sale of stake in China Mobile

Business | Information industry
2010-9-9

CHINA Mobile Ltd lost almost 4 percent yesterday after Vodafone sold its stake in the world's biggest mobile operator by subscribers for US$6.5 billion, nearly double what it paid, but analysts are not worried as...

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Oil higher as stocks rise, Europe worries ease

Business | Energy
2010-9-9

OIL prices followed stocks higher yesterday, as worries about European debt problems eased and buyers returned to the market. Benchmark crude for October delivery rose 58 cents to settle at US$74.67 a barrel on...

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Stocks resume rally as European debt worries ease

Business | Securities
2010-9-9

STOCKS resumed their rally yesterday after a successful auction of Portuguese government debt eased worries about Europe's financial system. The Dow Jones industrial average gained 46 points, and broader indexes...

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Record price for Pudong parcel

Business | Real estate
2010-9-9

A LAND parcel adjacent to Little Lujiazui in the Pudong New Area became the most expensive residential plot in Shanghai after being acquired yesterday by a Hong Kong developer at a price of 35,490 yuan (US$5,219) per...

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Chinese vehicle makers face tough test

Business | Automobile
2010-9-9

ALTHOUGH China is expected to continue to dominate in production of commercial vehicles globally over the next five years, far bigger challenges of tighter emission standards and upgrades to high-tech vehicles awaits...

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Kia names new chief after recall resignation

Business | Automobile
2010-9-9

KIA Motors has promoted the chief of its overseas operations to the company's top executive job after his predecessor resigned following a global recall of more than 100,000 vehicles due to defective wiring. The...

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EDF sells UK assets to HK firm

Business | Energy
2010-9-9

FRENCH major electricity producer EDF Group approved late Tuesday to sell its UK electricity distribution networks to Cheung Kong Infrastructure Holdings Ltd, saying this would help to cut 6.8 billion euros (US$8.6...

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Dana snubs KNOC US$2.6b bid

Business | Energy
2010-9-9

DANA Petroleum rejected a hostile 1.67 billion pound (US$2.57 billion) bid from Korea National Oil Corp yesterday, citing an independent valuation that said the UK explorer was worth considerably more. Dana also...

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Drug deal signals rebound in demand

Business | Pharmaceuticals
2010-9-9

LONZA said it will manufacture a number of drug compounds for Britain's GlaxoSmithKline, in a sign demand from pharmaceutical clients is reviving. The Swiss drugs industry supplier said it would produce five early...

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Swisscom seeks to take over Fastweb

Business | Information industry
2010-9-9

SWISSCOM AG announced yesterday it will buy all outstanding shares in its Italian telecoms unit Fastweb SpA, which has been rocked by a money-laundering probe, for a total of 256 million euros (US$326 million). ...

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HP sues Hurd over Oracle job

Business | Information industry
2010-9-9

HEWLETT-PACKARD Co is suing Mark Hurd, the chief executive it ousted last month, to stop him from taking a top job at rival Oracle Corp. The lawsuit, filed on Tuesday in a California state court, came a day after...

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US$5m Bonus As Part Of Package

Business | Information industry
2010-9-9

ORACLE plans to pay newly appointed President Mark Hurd US$950,000 a year. The company also says the former Hewlett-Packard Co CEO, who was ousted by that company last month, is eligible for a fiscal 2011 bonus of...

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Building a 64% jump in profit for Lego

Business | Light industry
2010-9-9

DANISH toy maker Lego yesterday said its profit in the first half of 2010 jumped almost 64 percent as the family-owned company continued to see strong growth in demand. Net profit for the first six months of 2010...

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Banks and property pull key index down

Business | Securities
2010-9-9

SHANGHAI'S key stock index closed slightly lower yesterday as property developers and banks fell on worries that a rebound in home prices may see more stringent measures being unveiled, while gold miners gained. ...

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HSBC Life prepares to deepen presence

Business | Insurance
2010-9-9

HSBC Life Insurance Co Ltd plans to expand to eight provinces or municipalities in five years to deepen its presence in China, Chief Executive Officer Terry Lo said yesterday. The Shanghai-based insurer, a venture...

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TNT invests in Chinese unit to expand

Business | Logistics
2010-9-9

GLOBAL express giant TNT will pump an additional 1.5 billion yuan (US$221 million) in its wholly owned Chinese subsidiary TNT Hoau as it seeks to double revenue within five years. The money will go toward infrastructure...