World Business News

Asia markets lower amid China warning to banks

AP - 1 hour 13 minutes ago

BANGKOK - Asian stock markets retreated Tuesday as China's warning to banks to control their lavish lending underlined the risks to an economic recovery driven by easy credit. More »

  • NEW ISSUE-State Bank of Mysore sells 1 bln rupees of bonds

    Reuters - 1 hour 44 minutes ago

    MUMBAI, Nov 24 (Reuters) - State Bank of Mysore has raised 1 billion rupees via perpetual bonds, two sources with knowledge of the matter said on Tuesday.

  • DEALTALK-BHP share buyback hinges on fate of Rio Tinto jv

    Reuters - 1 hour 44 minutes ago

    * Has capacity to return billions in share buyback

  • NEW ISSUE-Punjab National Bank selling 7 bln rupees bonds

    Reuters - 1 hour 45 minutes ago

    MUMBAI, Nov 24 (Reuters) - Punjab National Bank <PNBK.BO> is selling a total 7 billion rupees of upper Tier-II and perpetual bonds, two sources with knowledge of the matter said on Tuesday.

  • Turkish c.bank sees slow economic recovery

    Reuters - 1 hour 46 minutes ago

    ISTANBUL, Nov 24 (Reuters) - Turkey's Central Bank expects the recovery in economic activity to be slow and gradual in the period ahead, with a lasting improvement in employment conditions seen taking a long time, it said on Tuesday.

  • Frutarom Q3 net profit up, sees return to growth

    Reuters - 1 hour 51 minutes ago

    TEL AVIV, Nov 24 (Reuters) - Frutarom Industries Ltd <FRUT.TA> <FRUTq.L>, the world's seventh-largest flavours and specialty fine ingredients company, said on Tuesday it would return to growth and reiterated forecasts for a doubling of sales within four years to $1 billion.

  • Sun TV to raise ad rates from Jan 1

    Reuters - 1 hour 52 minutes ago

    MUMBAI, Nov 24 (Reuters) - Broadcaster Sun TV Network Ltd <SUTV.BO> said on Tuesday it plans to raise advertisement rates for some of its channels from Jan. 1, 2010.

  • NKT Holding says markets remain challenging

    Reuters - 2 hours 1 minute ago

    * Q3 EBITDA 225 mln DKK, above avg forecast of 218 mln

  • Europe shares lower in early trade; banks fall

    Reuters - 2 hours 2 minutes ago

    LONDON, Nov 24 (Reuters) - European shares fell in early trade on Tuesday after a strong rally in the previous session, with banking stocks retreating and commodity shares tracking weaker crude and metals prices.

  • Turkish bourse trading halted due to technical issue

    Reuters - 2 hours 4 minutes ago

    ISTANBUL, Nov 24 (Reuters) - Trading on the Istanbul Stock Exchange was suspended on Tuesday due to technical problems, an official told Reuters on condition of anonymity.

  • Turkey to hold one-week 2 bln lira repo auction

    Reuters - 2 hours 12 minutes ago

    ISTANBUL, Nov 24 (Reuters) - Turkey's Central Bank will hold a one-week 2 billion lira ($1.3 billion) repo auction on Tuesday, bank data <CBTF> showed.

  • Affinity sells S.Korea cosmetics firm for $364 mln

    Reuters - 2 hours 25 minutes ago

    * Affinity may reap 3 to 4 times investment from sale

  • Russia's Magnit founder reduces stake

    Reuters - 2 hours 26 minutes ago

    * Founder and CEO Sergey Galitskiy cuts stake to 35 pct

  • Thai TMB Bank sees 2009 lending worse than expected

    Reuters - 2 hours 29 minutes ago

    BANGKOK, Nov 24 (Reuters) - TMB Bank <TMB.BK>, 30 percent owned by Dutch financial group ING <ING.AS>, said on Tuesday it expected 2009 lending to shrink 10 percent, worse than its previous forecast.

  • UAE consumer prices fall 0.1 in October

    Reuters - 2 hours 35 minutes ago

    DUBAI, Nov 24 (Reuters) - The United Arab Emirates' consumer prices fell 0.1 percent in October from a month earlier on lower clothing and household equipment cost, official figures showed on Tuesday.

  • Ericsson withdraws EU complaint vs Qualcomm

    Reuters - 2 hours 37 minutes ago

    * Firm withdraws complaint concerning licensing practices

  • EU seeking to cut Dexia foreign exposure - paper

    Reuters - 2 hours 40 minutes ago

    BRUSSELS, Nov 24 (Reuters) - The European Commission wants Belgian-French financial services group Dexia <DEXI.BR> to shed or divest foreign business in return for receiving state aid, Belgian newspaper De Standaard reported on Tuesday.

  • Philippines' EDC sells $255 mln in bonds

    Reuters - 2 hours 42 minutes ago

    MANILA, Nov 24 (Reuters) - Philippine power producer Energy Development Corp (EDC) <EDC.PS> said on Tuesday it has raised 12 billion pesos ($255 million) from the sale of fixed rate bonds to refinance maturing debt.

  • Deutsche converts $30 mln into GFH shares

    Reuters - 2 hours 49 minutes ago

    MANAMA, Nov 24 (Reuters) - German lender Deutsche Bank AG <DBKGn.DE> has converted a third of its $100 million convertible murabaha into shares of Gulf Finance House <GFHB.BH> (GFH), the Bahrain-based Islamic investment house said on Tuesday.

  • Oman sees oil price at $70-$80 per barrel in 2010

    Reuters - 2 hours 54 minutes ago

    MUSCAT, Nov 24 (Reuters) - Oman expects oil prices to range between $70 and $80 a barrel in 2010, some 40-60 percent more than the $50 estimate the country is using for to calculate its budget, Oman's national economy minister said on Tuesday.

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