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UK’s pension lifeboat swings into surplus

(ChinaPost.com.tw) – The UK’s Pension Protection Fund (PPF), which pays corporate pensions when employers go bust, posted a surplus in the year to end-March as bond and property returns rose and the British economy rallied, reducing expected claims.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |

Cameron names adviser to boost small business

(ChinaPost.com.tw) – British Prime Minister David Cameron said on Monday he had appointed former cabinet minister David Young as his adviser on enterprise, asking him to suggest how the government can help small businesses grow.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |
 

Pontiac, maker of muscle cars, ends after 84 years

(ChinaPost.com.tw) – Pontiac, whose muscle cars drag-raced down boulevards, parked at drive-ins and roared across movie screens, is no more.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |

Italy, France likely to reach tax deal with Switzerland

(ChinaPost.com.tw) – Italy and France are likely to be the next two countries to reach deals with Switzerland over bank secrecy, a top Swiss banker was quoted as saying Sunday.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |
 

Dutch market regulator investigates banking margins on mortgages

(ChinaPost.com.tw) – The Netherlands’ market regulator NMa has started an investigation of banking margins on mortgages, which have been fatter than in neighboring countries since mid-2009.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |

Emirates’ first-half profits surge351 percent to US$925 million

(ChinaPost.com.tw) – - Emirates airlines posted Monday a 351 percent increase in net profits in six months, reaching 3.4 billion dirhams (US$925 million), on the back of growing customer demand, a statement said.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |

British retailer Marks and Spencer looking to relaunch in Europe

(ChinaPost.com.tw) – British retailer Marks and Spencer is looking to re-acquire some of the properties that it sold in 2001 when it exited Europe, the Sunday Telegraph reported.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |

FTSE to tighten rules for foreign companies looking to join its indices

(ChinaPost.com.tw) – FTSE Group will tighten the rules for foreign companies looking to join its major indices such as the FTSE 100, the Independent on Sunday reported.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |

BHP in no rush to raise Potash bid ahead of ruling

(ChinaPost.com.tw) – BHP Billiton needs to clear three hurdles over the next week before it will be free to raise its US$39 billion bid for Potash Corp, as widely expected.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |

Ryanair Q2 profit disappoints; raises guidance

(ChinaPost.com.tw) – Europe’s biggest low-cost airline Ryanair disappointed investors with a 25 percent increase in second-quarter net profit overshadowing an expected upgrade to full-year earnings to 380 million to 400 million euros.

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, China |

India raises rates, but signals slowdown

The cash crunch in India’s banking sector should not be allowed to disrupt economic activity. That’s the message from the Reserve Bank of India, which has raised its repo and [...]

[ More ] November 2nd, 2010 | Comments Off | Posted in Asia, Business, Finance, Finance Blogs, India |

India extends temporary easing measures

Temporary measures designed to ease a cash crunch in the banking sector over the weekend have been extended to run till Thursday. Additional liquidity will be provided to banks through [...]

[ More ] November 1st, 2010 | Comments Off | Posted in Asia, Business, Finance, Finance Blogs, India |

Acer’s unfortunate clear.fi analogy

What Acer’s clear.fi does is, unfortunately for their marketing people, not easy to explain clearly. We took a shot at doing so when Acer first announced it in May, and on Friday it was JT Wang, Acer chairman’s turn at the world’s num…

[ More ] October 29th, 2010 | Comments Off | Posted in Asia, Technology, Technology Blogs |

Computer attacks silence Vietnam opposition

A computer virus has infected more than 10,000 machines and directed them to connect with and attempt to overwhelm online forums critical of the ruling Vietnamese Communist Party, security researchers said on Thursday.
The resulting denial-of-service …

[ More ] October 29th, 2010 | Comments Off | Posted in Asia, Computers, Internet, Technology, Technology Blogs |

Garmin and Asus change course on smartphones

Six phone models and 20 months after they joined forces, the smartphone alliance between Asus, the Taiwanese computer maker, and Garmin, the US global positioning device company, is over – at least in its original form.
The two companies on Tuesday a…

[ More ] October 26th, 2010 | Comments Off | Posted in Asia, Technology, Technology Blogs |
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