NEW YORK: The euro fell below 1.30 dollars on Tuesday for the first time in more than two months as investors continued to fret over Europe’s growing debt problems. Channel NewsAsia Business News
KUALA LUMPUR: Malaysia’s state energy firm Petronas said on Tuesday its net profit dipped slightly year-on-year for the second quarter, weighed down by higher taxes. Channel NewsAsia Business News
ZURICH : Man-made and natural disasters generated worldwide economic losses of 222 billion dollars in 2010, more than three times last year’s figure, the world’s biggest reinsurer Swiss Re estimated on Tuesday. Channel NewsAsia Business News
NEW YORK: The US dollar rose against the euro and key currencies on Monday as Ireland’s massive bailout plan fuelled fears that other European countries would also require aid. Channel NewsAsia Business News
PARIS : French insurer AXA said on Monday it had reached an agreement with Australian group AMP on control of Axa’s Asian unit Axa Asia Pacific Holdings (Axa APH). Channel NewsAsia Business News
WASHINGTON: European Union Commissioner Olli Rehn and International Monetary Fund Managing Director Dominique Strauss-Kahn said on Sunday they “strongly support” an international bailout plan for Ireland’s troubled economy. Channel NewsAsia Business News
PARIS: France and Germany on Sunday reached a deal that would make the private sector shoulder some of the burden of future EU bail-outs only on a case-by-case basis, a report said. Channel NewsAsia Business News
PARIS : An eventual restructuring of some eurozone debt and big changes in the how the European Union and eurozone functions are now seen as probable and even inevitable, analysts say. Channel NewsAsia Business News
SYDNEY – Qantas grounded a Boeing 747 overnight because of a wiring malfunction, the Australian airline said Sunday, the latest incident to hit the carrier since a mid-air engine blast earlier this month. Channel NewsAsia Business News
SYDNEY: A freak computer glitch at Australia’s biggest bank froze cash machines and left millions of people struggling to access their money. Channel NewsAsia Business News