|
|
| |
|
Asian Markets
|
|
Asia stocks bounce off five-year lows
Waves of selling in global stock markets crashed into Asia, with gains from the region's 5-year bull run now erased, and investors seen camping out in government bonds and cash for the rest of the year
Fear of severe downturn grips world markets
Fears of a severe recession gripped financial markets as dire unemployment figures from the US drove long-term interest rates down to record lows
Sony downbeat on US consumer spending
Head of US unit expects lacklustre Christmas, providing a contrast with Consumer Electronics Association's rosy prediction of 3.5% increase in sales
Toyota in effort to revive US sales
Fresh salvo of incentives coincides with further cutbacks at assembly plants as Christmas shutdown is extended by two days next month
Asian shares fall as gloom deepens
Japanese shares led Asia-Pacific markets lower as anxieties about the US economy and the global outlook heightened amid worsening data and the prospects for US carmakers
Itochu buys stake in Chinese foodmaker
Itochu, the Japanese trading company, is to expand its presence in China's food market by buying a 20 per cent stake in Ting Hsin, a major Chinese food processing group, for $710m
Record ad sales for China's state TV network
China Central Television, the network with most viewers worldwide, has attracted record sales for prime time advertising slots next year, in stark contrast to China's overall economic slowdown and to the fall-off in ad spending in other markets
Failure to keep contracts fuels shipping crisis
The dry bulk shipping industry's crisis is being fuelled by unprecedented levels of contract breaches, an industry summit heard
Nomura chief says liquidity crisis over
The head of Nomura, Japan's largest broker, said the global liquidity crisis was over and a recovery of the global economy would depend on financial support from key governments, especially China
Ford sells Mazda stake to raise $540m
Ford Motor is to raise around $540m of desperately needed cash by selling most of its stake in Mazda, its long-time Japanese affiliate and manufacturing partner
|
|
|
|
Featured Hotel |
|
Featured Hotels |
Pattaya Marriott Res
Pattaya, Beach Rd. (
from THB 6100
|
|
|
pattaya hotels |
|
|
