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Asia Pacific Business News

Singapore Airlines Q4 profit falls 21 pct, beats forecast

Reuters - 1 hour 20 minutes ago

SINGAPORE, May 13 - Singapore Airlines , the world's second-biggest airline by market value, posted on Tuesday a 21 percent fall in quarterly profit, beating expectations, as soaring jet fuel costs and the absence of a one-off tax gain weighed. More »

Other Stories

  • Indian shares provisionally close 0.9 percent down

    Reuters - 1 hour 23 minutes ago

    MUMBAI, May 13 - Indian shares provisionally ended 0.91 percent down on Tuesday, led lower by Reliance Industries Ltd and Infosys Technologies Ltd . More »

  • Indian rupee steady at 1-yr lows, oil weighs

    Reuters - 1 hour 28 minutes ago

    MUMBAI, May 13 - The Indian rupee was mostly steady near one-year lows in afternoon trade on Tuesday, as fresh dollar supplies were offset by oil companies buying the U.S. currency. More »

  • Nissan's 4Q profit rises, but automaker forecasts sliding profit on currency, costs

    AP - 1 hour 33 minutes ago

    TOKYO - Nissan became the latest major Japanese automaker to report booming earnings for the just-ended fiscal year _ and forecast a plunge in profit for the current year, blaming an unfavorable rising yen and soaring material costs. More »

  • Malaysia building sector to grow 5pct in '08-report

    Reuters - 1 hour 41 minutes ago

    KUALA LUMPUR, May 13 - Malaysia's construction sector is expected to grow about 5 percent this year, Second Finance Minister Nor Mohamed Yakcop was quoted as saying by offical Bernama news agency on Tuesday. More »

  • China reopens main oil pipeline after quake-co sources

    Reuters - 1 hour 43 minutes ago

    A massive 7.9 magnitude earthquake rocked a mountaineous area in Sichuan province Monday that has so far killed nearly 12,000. (aizhu.chen@thomsonreuters.com; Reuters Messaging: aizhu.chen.reuters.com@reuters.net; +8610 6627 1211) - BEIJING, May 13 - China restarted a major oil products pipeline after halting it for nearly one day for safety checks after a powerful earthquake jolted southwest China, company sources said on Tuesday. More »

  • India Hot Stocks: Aksh Optifibre moves up on demerger report

    Reuters - 1 hour 45 minutes ago

    MUMBAI, May 13 - The following stocks were on the move at the BSE on Tuesday. More »

  • NTT's fiscal year profit jumps 32 percent on solid long distance, international service

    AP - 1 hour 48 minutes ago

    TOKYO - Japan's top telecommunications company Nippon Telegraph and Telephone Corp. said Tuesday its group net profit surged 32 percent for the fiscal 2007 on booming long distance and international communications business. More »

  • Taiwan dollar ends lower on fund outflows

    Reuters - 1 hour 53 minutes ago

    On the smaller Cosmos exchange <COSMOS1>, the Taiwan dollar closed at T$30.866 to the U.S. dollar, compared to its previous close of T$30.860. (Reporting by Yvette Chen and Baker Li; editing by Keiron Henderson) - TAIPEI, May 13 - The Taiwan dollar gave up early gains to end lower on Tuesday due to foreign fund outflows, even though local stocks tracked U.S. stocks higher. More »

  • Malaysia buys 200,000 tonnes Thai rice, wants more

    Reuters - 1 hour 56 minutes ago

    KUALA LUMPUR, May 13 - Malaysia has bought 200,000 tonnes of Thai rice, paying 10 percent more than it had offered in a failed tender on Monday as it moves to lock in supplies of the food staple. More »