GO
Loading...

Business News

More

  • SEOUL, Oct 2- South Korean stocks edged up in early trading on Tuesday, led by heavyweight Samsung Electronics. The South Korean company will also benefit from a potential improvement in U.S. consumption, " Kim Young- joon, an analyst at SK Securities, said. The Korea Composite Stock Price Index rose 0.3 percent to 2,002.42 points as of 0226 GMT.

  • HONG KONG, Oct 2- At least 36 people died and dozens were injured when a ferry carrying more than 120 people on a company outing collided with another ferry and sank near an island south of Hong Kong on Monday night in one of the city's worst maritime accidents.

  • Asia stocks gain on US manufacturing upswing Monday, 1 Oct 2012 | 10:47 PM ET

    South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.

  • Indonesia - Market factors to watch on Oct 2 Monday, 1 Oct 2012 | 10:43 PM ET

    STOCKS TO WATCH> The Indonesian Food and Beverage Association sees sales in 2013 will reach 760 trillion rupiah, up 6.5-7 percent from this year forecast of 710 trillion rupiah, said chairman Franky Sibarani.> Home appliance retailer PT Ace Hardware Tbk.

  • Kenanga Research started coverage of HELP International Corp Bhd with a' market perform' rating and a target price of 2.04 ringgit per share, underpinned by the education firm's rising student base and increasing home-grown programmes.

  • By Tan Ee Lyn and Donny Kwok. HONG KONG, Oct 2- At least 36 people died and dozens were injured when a ferry carrying more than 120 people on a company outing collided with another ferry and sank near an island south of Hong Kong on Monday night in one of the city's worst maritime accidents.

  • Point Inc eased 1.7 percent to 2,897 yen after the casual clothing stores operator reported a 9.2 percentage year-on-year fall in its same-store sales in September, citing hot weather.

  • NEW YORK, Oct 1- American Airlines said on Monday it has temporarily grounded eight planes to evaluate them after seats became loose on two flights in the last few days-- incidents which have also prompted safety regulators to look into the matter.

  • PRESS DIGEST - Vietnam newspapers - Oct 2 Monday, 1 Oct 2012 | 10:22 PM ET

    -Vietnam's exports may hit $113 billion this year, $4 billion over the government's target, said Nguyen Tien Vi, director of the Trade and Industry Ministry's planning department.

  • CANBERRA, Oct 2- Australian iron ore magnate Andrew Forrest and Fortescue Metals Group Ltd won a High Court appeal to overturn a conviction for misleading investors, allowing the billionaire to return as an executive director to the company he founded.

  • Oct 1- A U.S. court removed a sales ban against Samsung Electronics Co Ltd's Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean electronics maker to sell the product in the United States.

  • Court trims verdict over 'Nash Bridges' profits Monday, 1 Oct 2012 | 10:17 PM ET

    LOS ANGELES-- A divided appellate court on Monday upheld Don Johnson's multimillion jury award over profits from the series "Nash Bridges" but significantly reduced the amount the actor is eligible to receive.

  • SINGAPORE Oct. 2, 2012-- The rebuilding efforts in response to the 2011 earthquake and tsunami have been giving Japan's economy a boost, but the reconstruction-fueled recovery is set to run out of steam, Standard& Poor's Ratings Services said in a report published today.

  • Aussie dlr near three-week lows, RBA in focus Monday, 1 Oct 2012 | 10:08 PM ET

    SYDNEY/ WELLINGTON, Oct 2- The Australian dollar languished near three-week lows on Tuesday as investors waited to see if the Reserve Bank of Australia would bite the bullet and cut interest rates at its monthly policy meeting.

  • Softbank Corp rose 4.4 percent after the mobile operator said it would acquire smaller rival eAccess Ltd. in a $1.84 billion deal, stepping up a fight for market share with competitor KDDI Corp. eAccess was untraded with a glut of buy orders by mid-morning, while KDDI lost 2.5 percent.

  • Don Quijote Co Ltd gained 1.5 percent to 3,035 yen after J.P.Morgan raised its price target on the discount store to 3,600 yen from 3,400, citing expectations of firm profit growth in the first quarter ended September. J.P.Morgan maintained its' overweight' rating on Don Quijote.

  • TREASURIES-Bonds firm in Asia despite strong US data Monday, 1 Oct 2012 | 10:00 PM ET

    Treasuries held firm in Asia on Tuesday, having easily recovered from a dip sparked by strong U.S. manufacturing data the previous day, due to uncertainty over Europe. *The market is also supported by uncertainty over Europe.

  • *Court allows Samsung to sell galaxy tab in the U.S.- filing.

  • Thailand - Market factors to watch on Oct 2 Monday, 1 Oct 2012 | 9:59 PM ET

    BANGKOK, Oct 2- Following are some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most weak in light volume, Malaysia outperforms. STOCKS TO WATCH-- SANSIRI PCL.