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German lender Commerzbank posts third quarter profit of 113 million euros

(ChinaPost.com.tw) – Germany’s second largest lender Commerzbank announced third-quarter profits of 113 million euros (US$158 million) on Monday, below expectations but up from a 1.05 billion euros loss last year.

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

Tesco, Dairy Farm bid for Carrefour assets in Southeast Asia: sources

(ChinaPost.com.tw) – Britain’s Tesco and Singapore’s Dairy Farm are among those to submit second-round bids for French retailer Carrefour’s Southeast Asian assets, sources familiar with the matter told Reuters on Sunday.

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

Germany’s energy leader E.ON set for major reorganization: report

(ChinaPost.com.tw) – Germany’s leading energy company E.ON is poised to announce a major reorganization that could see it shedding some of its least profitable sectors, Spiegel magazine reported.

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

Biofuel could be worse for climate than fossil fuel: European study

(ChinaPost.com.tw) – European plans to promote biofuels will drive farmers to convert 69,000 square kilometers of wild land into fields and plantations, depriving the poor of food and accelerating climate change, a report warned on Monday.

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

Sushi craze creates Tuna black market worth billions: study

(ChinaPost.com.tw) – The craze for sushi has fueled a black market in tuna worth billions of dollars, as governments collaborate with the industry despite fears for the species’ survival, an investigation found.

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

Hyundai brings back the Accent after 11-year hiatus

(ChinaPost.com.tw) – South Korean automaker Hyundai Motor Co. has unveiled the subcompact Accent on the local market. Developed under the project name RB, the vehicle brings back the name Accent after an 11-year hiatus.

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

Web browser pioneer has new way to surf

(ChinaPost.com.tw) – The Web has changed a lot since Marc Andreessen revolutionized the Internet with the introduction of his Netscape browser in the mid-1990s. That’s why he’s betting people are ready to try a different Web-surfing technique on a new …

[ More ] November 9th, 2010 | Comments Off | Posted in World, World News Headlines |

APEC debates becoming body that can forge FTA

(ChinaPost.com.tw) – Pacific Rim economies are debating whether to change the informal Asia-Pacific Economic Cooperation forum so that it can negotiate a sprawling free trade zone, Japanese officials said Monday.

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

iPhone triggers latest videogames gold rush

(ChinaPost.com.tw) – The commercial tsunami unleashed by the iPhone has served as a launch pad for the videogame industry in Montreal, which hopes to seize on the success of Apple’s smartphone.

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

US broadband usage growing but gaps persist

(ChinaPost.com.tw) – The U.S. still faces a significant gap in residential broadband use that breaks down along incomes, education levels and other socio-economic factors, even as subscriptions among American households overall grew sevenfold between 2…

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

A Chinese Nomura? Not just yet

(ChinaPost.com.tw) – Chinese lenders’ ambitions of making a big mark on the global investment banking stage and taking on names such as Goldman Sachs may take years to fructify, keeping them reliant on lending for their growth.

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

Adarsh scam: Sonia Gandhi accepts Ashok Chavan’s resignation

A two-member committee comprising of Finance Minister Pranab Mukherjee and Defence Minister AK Antony has given its feedback on the scam and Chavan’s role in it to Sonia.

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

Steelers Player Destroys Ribs Before Game

We’re told the three NFLers threw back a rack of the restaurant’s famous barbecued choice pork loin back ribs … one order of the pork chops and one pulled pork sandwich.

[ More ] November 9th, 2010 | Comments Off | Posted in Public Interest, Random Thoughts, World |

Fifth phase of Bihar Assembly polls begins

The polling which started at 7 a.m. will continue till 4 p.m. in the Maoist-hit constituencies of Rajauli, Gobindpur, Arwal, Kurtha, Jehanabad, Ghosi, Makhdumpur, Bodh Gaya, Phulwari, Masaurhi, Paliganj, Agiaon, Atri, Bikram, Barbigha and Belaganj.

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

More bodies found near erupting Indonesian volcano

Rescue workers found six more bodies on the slopes of Indonesias Merapi Volcano Monday, bringing the death toll to 141.

[ More ] November 9th, 2010 | Comments Off | Posted in World, World News Headlines |
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