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SandP affirms Italy credit rating, but warns on political risk for future economic policy

(ChinaPost.com.tw) – International ratings agency Standard and Poor’s stood by its sovereign credit ratings for Italy on Tuesday but warned that political instability could be “a key risk” for future economic policy. The agency said it was keeping …

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

Cost of Irish borrowing reaches another euro-era high due to perceived high risks

(ChinaPost.com.tw) – Ireland’s borrowing costs have reached a new euro-era high as Irish bonds continue to be sold off as risky. The interest rates on Irish 10-year bonds rose to 7.4 percent Tuesday for the first time since the euro’s launch in 1999. T…

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |
 

NYSE Euronext profit drops 12% as share trading slows

(ChinaPost.com.tw) – Stock exchange operator NYSE Euronext posted a 12 percent fall in profits on slow share trading in Europe and the United States, with only its technology business showing growth in the quarter.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

Archer Daniels Midland’s first-quarter profit fell by 31%, share price slides

(ChinaPost.com.tw) – Archer Daniels Midland’s first-quarter net income dropped 31 percent, pressured by rising commodity prices and a shifting supply of crops. Profit slid despite very strong volume and revenue.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |
 

Mobile phones replace room keys in Stockholm hotel

(ChinaPost.com.tw) – Check-in and check-out and even opening the door to your room — a mobile phone is the only key you need at a Stockholm hotel conducting a pilot project of new mobile applications, the participating companies said Tuesday.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

Bank of England to resist fresh stimulus: analysts

(ChinaPost.com.tw) – The Bank of England will likely vote against a need for fresh stimulus and to keep interest rates at a record low on Thursday amid signs Britain’s economy is steadily recovering, analysts said.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

Thorny issues could dog ECB meet; analysts

(ChinaPost.com.tw) – A European Central Bank meeting on Thursday could be marked by emerging differences on monetary policy between German leaders and ECB executives that could spell trouble for the eurozone as a whole.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

ECB, Bank of Japan keep eye on Fed

(ChinaPost.com.tw) – The U.S. Federal Reserve is poised to pump more dollars into the U.S. economy, casting a long shadow over imminent decisions by other big central banks wary about what the Fed’s move might do to the dollar.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

Airlines fly in the face of feared ground control cyber-attack scares

(ChinaPost.com.tw) – Around the world, around the clock, circles of flickering screens keep aircraft apart in the air, ease them gently down to the ground and guide their precious human cargoes off the runway.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

Britain’s Times newspapers release online paywall customer figures

(ChinaPost.com.tw) – Some 105,000 people have paid to read British newspapers The Times and The Sunday Times online after its owners erected a paywall, they said Tuesday.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

BMW’s third-quarter earnings surge as sales power ahead on recovery

(ChinaPost.com.tw) – Luxury automaker BMW AG says its third-quarter earnings have surged as revenue increased by more than a third thanks to the economic recovery and better selling prices.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

Russia’s Phosagro eyes planned bid for Canada’s Potash Corp: report

(ChinaPost.com.tw) – Russian fertilizer company Phosagro is planning to bid for Canada’s Potash Corp, the world’s top fertilizer maker, rivaling a bid by BHP Billiton, business daily Vedomosti reported on Wednesday.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

YouTube faces new ban in Turkey for sex video of politician: report

(ChinaPost.com.tw) – Turkey’s telecommunications authority will again block access to YouTube unless the video-sharing site removes a sex video of a former opposition party leader, the state-run news agency reported Tuesday.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

British regulator Ofcom may fine provider TalkTalk for billing breaches

(ChinaPost.com.tw) – British Internet and telecoms provider TalkTalk could be fined up to 10 percent of its sales for billing for services that customers had cancelled and that were not provided, regulator Ofcom said on Tuesday.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |

Oracle to buy e-commerce software maker ATG

(ChinaPost.com.tw) – Oracle Corp. is adding to its software arsenal software with the US$1 billion all-cash deal announced Tuesday for a company called Art Technology Group Inc., which helps businesses interact with online shoppers to boost sales.

[ More ] November 4th, 2010 | Comments Off | Posted in Asia, Business, China |
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