Business News

Singapore's Sembcorp wins Oman private power deal

Reuters - Monday, November 9

MUSCAT, Nov 8 (Reuters) - Oman has awarded Singapore's Sembcorp Utilities <SCIL.SI> a 15-year contract to build a 450-megawatt power plant in the southern port city of Salalah, a tender board official said on Sunday. More »

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China Minsheng Bank aims to raise up to $4 bln in HK
Reuters - Monday, November 9
(Adds details and background
Geithner: need stimulus, not financial transactions tax
Reuters - Monday, November 9
By Glenn Somerville
India's fast-growing telecom sector hits trouble
AFP - Sunday, November 8
NEW DELHI (AFP) - - India is still adding a staggering 15 million new mobile phone connections a month but the world's fastest-growing cellular market has hit rough waters.
Philippine c.bank ups forex reserves estimates
Reuters - Sunday, November 8
MANILA, Nov 8 (Reuters) - The Philippine central bank has raised its estimates for gross foreign reserves for 2009 and 2010, citing strong remittances from Filipinos working overseas and investments, its governor said at the weekend.
SKorean workers march against labour law plan
AFP - Sunday, November 8
SEOUL (AFP) - - Tens of thousands of workers held a demonstration here Saturday to protest against a government plan they say is aimed at weakening unionism, witnesses said.
Taiwan breeders see big profits in rare shrimps
AFP - Sunday, November 8
TAIPEI (AFP) - - Taiwanese breeders said Saturday they are hoping to make huge profits from a rare species of ornamental shrimp after a pair sold for 8,500 US dollars at auction.
Sri Lanka buying gold 'to diversify reserves'
AFP - Sunday, November 8
COLOMBO (AFP) - - Sri Lanka's central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal.
Glaxo Saudi's sole supplier of H1N1 vaccine for now
Reuters - Sunday, November 8
* Saudi Arabia to start H1N1 inoculation with pilgrims
China eyes home demand not exports-stats official
Reuters - Sunday, November 8
BEIJING, Nov 7 (Reuters) - China is not counting on a quick rebound in the world economy to fuel growth but will concentrate instead on boosting home-grown demand, Yao Jingyuan, chief economist at the National Bureau of Statistics, said on Saturday.
Big California bank fails, has China branches
Reuters - Saturday, November 7
(Bank closure tally hits 120, new throughout)
CORRECTED-OFFICIAL-Indonesia, Newmont unit agree stake sale
Reuters - Saturday, November 7
(Newmont corrected its statement in fifth para, to say PT Newmont Nusa Tenggara, not foreign shareholders, will grant a payment)
EU, India hope for FTA in 2010 but hurdles remain
AFP - Saturday, November 7
NEW DELHI (AFP) - - The European Union and India pledged Friday to push ahead with attempts to conclude a free-trade agreement next year but said much hard work needed to be done to break logjams holding up a deal.
Thaksin on a mission to humiliate Thai government
AP - Saturday, November 7
BANGKOK - Thailand's fugitive former prime minister Thaksin Shinawatra has spent much of the past three years roaming the globe, shopping for diamonds in Africa, golfing at Asian resorts _ and humiliating the government from a distance.
Vinafood 2, Daewoo secure Philippine rice deals
Reuters - Saturday, November 7
MANILA, Nov 6 (Reuters) - Vietnam's Vinafood 2 and Korean trading firm Daewoo International Corp <047050.KS> have won bids to supply a total of 250,000 tonnes of rice to the world's largest rice importer, the Philippines' National Food Authority announced on Friday.
China Money: Dlr funding costs jolted by outlook for yuan rise
Reuters - Friday, November 6
* Banks unwilling to keep dollars on hand
Shanghai to own 57 pct of new Disney park -paper
Reuters - Thursday, November 5
BEIJING, Nov 5 (Reuters) - An investment company controlled by the Shanghai city government will own a majority stake in a planned Disney theme park that won key government approval this week, the People's Daily reported on Thursday.
Daiwa, Samsung Sec prosper but competitive threat seen
Reuters - Saturday, October 31
* Daiwa net profit 2 bln yen vs 7.1 bln yen consensus
Indonesia plantation firm to raise 1.25 trln rph in bond issue
Reuters - Thursday, October 29
JAKARTA, Oct 28 (Reuters) - Indonesian plantation firm PT Salim Ivomas Pratama said on Wednesday it aims to raise a total of 1.25 trillion rupiah ($130 million) from selling conventional and sharia, or Islamic-compliant, bonds in November.