India?s Trade Deficit Rises To $13.9 Billion In March On Crude Import Costs
India?s trade deficit rose to $13.9 billion in March compared with $3.8 billion a year ago driven by high crude oil import costs according to data reported by the Ministry of Commerce Tuesday.
Hyundai To Add 877 Jobs In Montgomery Plant
South Korean automaker Hyundai Motor will hire 877 more workers as it plans add a third shift at its main assembly plant in Montgomery, Alabama.
China?s Manufacturing Activity Continues To Grow
China?s manufacturing activity improved in April for the fifth straight month as economic conditions continued to strengthen, according to readings from a key gauge released Tuesday.
Germany?s Retail Sales Rise 0.8% In March On Unemployment Decline
Germany?s retail sales rose in March compared to the previous month with the boost in purchasing power in households as unemployment declined.
Singapore Unemployment Rate Rises To 2.1% Amid Increased Layoffs
Singapore?s unemployment rate rose slightly in the first quarter compared to the last quarter as layoffs from companies increased.
South Korea's Industrial Output Declines 3.1% On Falling Exports
South Korea's industrial output declined 3.1 percent in March from the previous month with exports decreasing and domestic demand continuing to be weak.
China?s Banks Report Weak Growth Amid Slowdown In Economic Progress
Industrial & Commercial Bank of China and China Construction Bank Corp reported a weak growth in the first quarter due to slowdown in the economy.
IMF Lowers India?s Growth Forecast For 2012 To 6.9% On Investment Slowdown
The International Monetary Fund has reduced the growth forecast of India for this year citing a slowdown of investment and governance problems.
Sharp Reports Net Annual Loss Of $4.66 Billion Amid Dismal LCD, TV Sales
Sharp Corp, the Japanese manufacturer of electronic products, reported Friday a record net loss of 376.1 billion yen ($4.66 billion) in the first quarter of the year.
Bank Of Japan Further Eases Monetary Policy, Raises Asset Purchase Programme To $494 Billion
The Bank of Japan said Friday that it is further easing the monetary policy so that the economy could recover from deflation and grow more strongly.
PetroChina Q1 Profit Rises 5.8% On Higher Oil Output
PetroChina Co, the world's second largest oil and gas firm, reported a $6.21 billion profit in the first quarter on Thursday, giving the company a 5.8 percent increase compared to the same period a year ago.
Shell Q1 Profit Rises 11% On High Oil Prices
Royal Dutch Shell, the world's third largest oil and gas company, reported a $7.7 billion profit in the first quarter on Thursday, giving the company an 11 percent increase compared to the same period a year ago.
Hyundai Motor Q1 Profit Rises 31% On Sales Growth In US, Europe
South Korean automaker Hyundai Motor reported Thursday a profit of 2.45 trillion won ($2.2 billion) in the first quarter, which is up 31 percent compared to the same period a year ago.
South Korea's GDP Grows 0.9% In Q1 As Exports Rise
South Korea's economy expanded 0.9 percent in the first quarter with exports making gains and domestic demand improving, data released by the Bank of Korea (BoK) Thursday showed.
S&P Lowers India Outlook To Negative; Cites Fiscal Deficit And Debt Burden
Credit rating agency Standard & Poor's Wednesday cut India's outlook on the long-term rating to negative from stable, saying that the country's economy is facing high fiscal deficits and a heavy debt burden.
Wipro Q4 Profit Rises 7.7%, But Revenue Outlook Disappoints
Wipro, India's third largest information technology services provider, reported 7.7 percent rise in profit in the quarter ending March 31, but forecast slower growth in the next quarter with the global economy continuing to be weak.
Baidu Q1 Revenue Rises 75%, But Shares Fall On Bleak Outlook
China's dominant search engine Baidu Inc reported $677.1 million revenue for the first quarter, which is up 75 percent compared to the same period a year ago, but disappointed the market with a bleak outlook for the next quarter.
Bank Of Japan Policy Board Meeting: Further Monetary Easing Expected
It is highly expected that the Bank of Japan will resort to additional monetary easing at its next meeting on April 27 so that the economy could recover from deflation and grow more strongly.
HKEx Appoints Chung-Kong Chow As New Chairman
The Hong Kong Exchanges & Clearing Ltd said Tuesday that Chung-Kong Chow, who is the former chief executive of subway operator MTR, is appointed as its new chairman.
Singapore Inflation Climbs To 5.2% In March Following Credit Growth, Housing Boom
Singapore's inflation rose sharply in March, driven by escalating costs of housing and automobiles, suggesting that the central bank could tighten monetary policy further to prevent overheating, especially in the housing sector.
China Manufacturing Activity Improves In April: HSBC PMI
China’s manufacturing activity improved in April compared to March but continued to contract for the sixth straight month, according to the preliminary HSBC flash Purchasing Managers Index (PMI) released Monday.
Nestle To Buy Pfizer Nutrition For $11.85 Billion
Nestle SA, the world's largest food group, said Monday that it has agreed to acquire children's food maker Pfizer Nutrition for $11.85 billion.
Wal-Mart Shares Slump in Pre-Market as Retailer Hit By Bribery Scandal In Mexico
New York Times says Wal-Mart suppressed an investigation into an extensive bribery campaign carried out by top executives of its Mexican subsidiary
Japan’s Loan Demand Increases In Q1
Loan demand from firms and households jumped in the first quarter, adding to the evidence that the Japanese economy is on the path of recovery, according to Senior Loan Officer Survey.
Eurozone Firewall: UK, Singapore, South Korea And Australia Contribute $41 Billion To IMF
Australia, Singapore, South Korea and the UK have agreed to contribute a combined $41 billion to the International Monetary Fund reserve to boost a global firewall against Europe's debt crisis.
Germany's Business Confidence Index Rises For April
The business confidence in Germany increased in April, indicating that the country's economy is continuing to withstand the pressures of looming debt crisis in Eurozone.
Retrospective Tax Law: US Seeks Reassurance From India
US Treasury Secretary Timothy Geithner pressed India’s Finance Minister Pranab Mukherjee on Thursday for reassurance that New Delhi welcomes foreign capital and remains committed to boosting bilateral trade and investment, following concerns connected to India's newly proposed retrospective tax measures.
Ford To Set Up New $760-Million Assembly Plant In China
Automaker Ford said Thursday that it plans to build a $760-million assembly plant in the eastern Chinese city of Hangzhou as part of expansion plans in the country.
China Plans To Ease Monetary Policy Further: Report
China is planning to ease monetary policy further to boost liquidity in the financial system and help the economy regain growth momentum it lost in recent times, according to reports.
Japan Posts Record 2011 Trade Deficit Despite Export Growth In March
Japan reported Thursday a record trade deficit for fiscal year 2011 as exports tumbled on account of falling global demand and a nuclear energy crisis that resulted in the rise of oil and gas imports.