Closing Bell, MMM, CVX, BHI, HAL, F, MON
US stocks were little changed Wednesday as a disappointing reading of the labor market offset signs of improved Midwest business activity.
Stocks had risen earlier, in part, as investors sought bargains a day after the S&P 500 slumped to an eight-month low.
The Dow Jones industrial average .DJI dropped 11.94 pts, or 0.12%, to close at [...]
Asia considering introducing capital controls
“Indonesia has become one of the hottest games in town,” says the south-east Asia head of a European private equity firm. “There are always lots of investment bankers and private equity people going down for the week.”While this new investor enthusiasm reflects the huge strides made by Indonesia towards more efficient and cleaner government, it [...]
WTO backs Boeing (BA) in Airbus dispute
Financing for Airbus’ next-generation passenger airliner was thrown into doubt Wednesday after the World Trade Organization ruled that the company’s A380 super jumbo jet received illegal export subsidies from European governments.
The ruling led to swift demands from Boeing (BA) that Airbus repay or restructure some US$4B in loans for the A380 “without delay”. The company [...]
Chinese Cross Straits trade pact signed
The Chinese mainland and Taiwan signed a landmark trade pact Tuesday in the southwestern municipality of Chongqing to slash tariffs on hundreds of categories of goods traded across the Straits.
The Economic Cooperation Framework Agreement (ECFA), deemed as a milestone in relations, is to formally take effect once both sides “complete due procedures” in follow-up talks.
A [...]
ASEAN:Vietnam’s export turnover of Rubber to surge 57% in 1st 6 months
Vietnam is forecast to take in US$565B from Rubber exports in the first half of this year, up 57.2% year-on-year, according to a report of the Ministry of Agriculture and Rural Development Wednesday.
The country’s export volume of rubber in this period is expected to go down 18% year-on-year to 207,000 tonnes, said the ministry.
In June, [...]
World Bank impressed with Malawi’s fiscal prudence, pledges more support
As the Y 2009/10 financial year winds up on June 30 and the Y 2010/11 financial year commences on July 1, the World Bank said in a interview that it is impressed with the progress the Malawi government has made over the past five years and that the bank will continue to provide budget [...]
Myanmar-India bilateral trade up sharply in Y 2009-10
Myanmar-India bilateral trade reached US$1.19B in the fiscal Y 2009-10, increasing by 26.1% from the previous year, and India stands as Myanmar’s 4th largest trading partner after Thailand, China and Singapore, according to the latest official figures available on Wednesday.
Of the total, Myanmar’s export to India amounted to US$1B, and its import from India [...]
BRIC: Google (GOOG) told to “abide by the Chinese law” in order to renew license
A company running Google’s China website has pledged to “abide by the Chinese law” in a letter of application to renew Google’s operation license, government sources told Xinhua Wednesday.
Guxiang Information Technology Co. Ltd., operator of Google.cn, had submitted an application to China’s Ministry of Industry and Information Technology to renew its Internet Content Provider [...]
Australia launches new Stock Exchange market
A new Stock Exchange market, SIM Venture Securities Exchange Limited (SIM VSE), Wednesday launched an official opening for listing in Sydney of Australia, stating China as their next significant target markets.
SIM VSE is an Australian Market Licensed equity market established to provide specialized capital market services for clean-tech innovation, renewable energy and associated businesses.
Established [...]
ASEAN Stock Summary
ASEAN stock markets held up well against a global slump in equities on Wednesday, at the end of the second quarter that consolidated gains in ASEAN which is very encouraging for investors considering international concerns over funding conditions for European banks and the pace of the global recovery.
Singapore’s Straits Times index made gains of 0.18 [...]
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