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Asia Markets

  • Central Bankers Hold Talks Ahead of Monday Market Open

    Central bankers in Europe held talks with bank supervisors and top financial executives over the weekend to assess the dangers from risky U.S. mortgage debt to the financial system, industry sources said.

  • Asian Financial Stocks Skid on Credit Crunch Worries

    Financial stocks skidded across Asia on Monday as investors, worried that further fallout looms from the global credit squeeze, dumped shares in Mizuho Financial, Macquarie Bank and Shin Kong Financial, among others.

  • Major Asia Steel Shares Jump on Rosy Sector Outlook

    Shares in major steel firms in China and Japan rallied Monday, fuelled by a solid earnings outlook for the sector, analysts said.

  • China to Launch Nasdaq-Style Exchange in 2008

    China is expected to set up a long-delayed Nasdaq-style stock exchange next year, an industry official was quoted on Monday as saying.

  • DBS Profit Beats Forecasts on Loans and Fees

    DBS Group posted a quarterly net profit of S$560 million (US$369.5 million),  down 7% from S$603 million a year earlier due to a one-time charge in the period. Excluding the one-time items, the net profit for the quarter was S$664 million, up 21% from a net profit of S$549 million, beating the first quarter's better-than-expected profit of S$617 million.