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Gold briefly hits new record high on inflation worries

(ChinaPost.com.tw) – Gold hit a new high on Monday, stoked by rising inflation expectations following the Federal Reserve’s return to asset buying, and the dollar gained in a hang-over from last week’s relatively upbeat U.S. jobs data.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

Oil prices hover near US$87 a barrel in Asia trading

(ChinaPost.com.tw) – Oil hovered near US$87 a barrel Monday in Asia after a jump in new U.S. jobs suggested demand for crude could improve.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |
 

Asian shares mostly higher on US jobs data, stimulus

(ChinaPost.com.tw) – Asian stocks closed mostly higher on Monday as traders welcomed better than expected jobs data out of the United States while sentiment was still up after the Federal Reserve’s huge stimulus plan.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

US dollar rises 0.6% on positive data; euro slips

(ChinaPost.com.tw) – The dollar is widely seen weakening as a result of the US$600 billion “QE2” program, which essentially entails printing more money.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |
 

Gazprom says first half profits rise over 66% to US$16.5 billion, total sales increase by 17%

(ChinaPost.com.tw) – The world’s biggest gas firm Gazprom said on Monday that its net profits for the first half of 2010 had risen by more than 66 percent to 508.2 billion rubles (US$16.5 billion). Total sales increased by 17 percent, to 1.7 trillion r…

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

German engineering giant Siemens unveils new 2014 target for green energy revenue

(ChinaPost.com.tw) – German engineering giant Siemens unveiled on Monday a new target for revenue for the group’s green energy businesses, of 40 billion euros (US$55 billion) by 2014. The Munich-based company had previously set a target of 25 billions …

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

German exports up 22.5% in September to US$122.4 billion compared to last year

(ChinaPost.com.tw) – Germany’s Federal Statistics Office says exports rose 22.5 percent in September compared the same month a year ago as the country continues its recovery from the financial crisis.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

Standard Chartered announces successful shares sale, raises about 3.3 billion pounds

(ChinaPost.com.tw) – Standard Chartered, the bank focused on emerging markets, said on Monday that investors snapped up 98.5 percent of its new shares, helping it raise about 3.3 billion pounds to meet new global banking rules. Standard last month said…

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

South Africa mining company has stock market debut, soars in 1st day of trading

(ChinaPost.com.tw) – A South African mining company owned by an ethnic group in northern South Africa has soared in its first day of trading on the Johannesburg Stock Exchange. The company’s stock jumped 7.2 percent in its debut, advancing to 64.85 ran…

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

Flora Expo to contribute to home sales rise in Taipei City in the short term: experts

(ChinaPost.com.tw) – Home sales in Taipei City are expected to increase in the short term, on several positive market factors including the opening of the Taipei International Flora Expo, said analysts yesterday.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

Giga Solar Materials’ initial public offering to generate huge investor interest: advisor

(ChinaPost.com.tw) – The initial public offering of Giga Solar Materials Corp. is expected to generate huge enthusiasm among investors, said KGI Securities, advisor to the stock’s IPO, yesterday.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

Taiwan’s exports rise 21.9 percent from last year to reach US$24.19 billion in Oct.

(ChinaPost.com.tw) – Taiwan’s exports reached US$24.19 billion in October, a rise of 21.9 percent from the same period last year, reported the Ministry of Finance yesterday.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

Obama fires back after China slates Fed’s QE2

(ChinaPost.com.tw) – U.S. President Barack Obama defended the Federal Reserve’s policy of printing dollars on Monday during a trip to India, after Chinese officials stepped up criticism ahead of this week’s Group of 20 meeting.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, China, World |

Obama fires back after China slates Fed’s QE2

(ChinaPost.com.tw) – U.S. President Barack Obama defended the Federal Reserve’s policy of printing dollars on Monday during a trip to India, after Chinese officials stepped up criticism ahead of this week’s Group of 20 meeting.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |

TransAsia to take step toward public listing

(ChinaPost.com.tw) – TransAsia Airways said yesterday it expects to list on Taiwan’s emerging stock market on Nov. 12 after showing improved results because of growing demand for flights between Taiwan and China.

[ More ] November 9th, 2010 | Comments Off | Posted in Asia, Business, China |
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